SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 9, 2003
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Asbury Automotive Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
5511 01-0609375
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(Commission File Number) (IRS Employer Identification No.)
Three Landmark Square, Suite 500, Stamford, CT 06901
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(Address of principal executive offices) (Zip Code)
(203) 356-4400
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(Registrant's telephone number, including area code)
None
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(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
The registrant issued a press release on October 9, 2003 announcing that the
Company is hosting a live "Investor Day" video webcast on October 15, 2003,
which press release is attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
99.1 Press Release dated October 9, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ASBURY AUTOMOTIVE GROUP, INC.
Date: October 9, 2003 By: /s/ Kenneth G. Gilman
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Name: Kenneth B. Gilman
Title: Chief Executive Officer and President
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated October 9, 2003
Investors may contact:
Stacey Yonkus
Director, Investor Relations
203-356-4424
investor@asburyauto.com
Reporters may contact:
David Shein
RFBinder Partners
212-994-7514
david.shein@rfbinder.com
Asbury Automotive Group To Host Live `Investor Day' Video Webcast
STAMFORD, Conn., October 9, 2003 -- Asbury Automotive Group, Inc. (NYSE:
ABG), one of the largest automotive retail and service companies in the U.S.,
today announced plans to host a live video webcast from its new BMW dealership
in Richmond, Virginia at 4:00 p.m. Eastern Time on October 15, 2003.
The agenda for this innovative "investor day" event will include:
o Introductory remarks by Kenneth B. Gilman, President and CEO of Asbury
Automotive Group.
o Video "tour" of the Company's recently opened BMW Center in Richmond,
featuring a detailed inside look at the key profit drivers of a
state-of-the-art automotive retailing facility. The tour will highlight
the four businesses that comprise automotive retailing: new vehicle
sales, used vehicle sales, finance and insurance operations, and parts
and service.
o Live question-and-answer session with Mr. Gilman; Robert D. Frank,
Senior Vice President of Automotive Operations; and Michael Kearney,
CEO of Crown Automotive, the Company's regional "platform" in North
Carolina and Virginia. The panel will take questions from webcast
participants.
o Summary comments by Mr. Gilman on the Company's preliminary revenue and
gross profit results by business line for the third quarter.
"We are very excited to be utilizing the Internet to offer our investors and
other interested parties this closer look into our operations at the store
level," said Mr. Gilman. "Our goal is to provide investors with a better
understanding of the inner workings of a dealership. They typically get to hear
us talk about operations at a high level during quarterly conference calls and
other traditional investor events. In contrast, this video webcast will give
investors an inside look at how we're executing our strategies on a day to day
basis."
Interested parties are encouraged to register for the webcast event at the
Company's website, www.asburyauto.com.
About Asbury Automotive Group
Asbury Automotive Group, Inc., headquartered in Stamford, Connecticut, is
one of the largest automobile retailers in the U.S., with 2002 revenues of $4.5
billion. Built through a combination of organic growth and a series of strategic
acquisitions, Asbury now operates through nine geographically concentrated,
individually branded "platforms." These platforms currently operate 95 retail
auto stores, encompassing 138 franchises for the sale and servicing of 35
different brands of American, European and Asian automobiles. Asbury believes
that its product mix includes one of the highest proportions of luxury and
mid-line import brands among leading public U.S. automotive retailers. The
Company offers customers an extensive range of automotive products and services,
including new and used vehicle sales and related financing and insurance,
vehicle maintenance and repair services, replacement parts and service
contracts.
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