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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):
July 22, 2004
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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.)
622 Third Avenue, 37th Floor, New York, NY 10017
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(Address of principal executive offices) (Zip Code)
(212) 885-2500
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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 hereby files the press release attached hereto as
Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
99.1 Press Release dated July 22, 2004.
The registrant issued a press release on July 22, 2004, announcing that
Charles Robinson has been named Vice President of Finance and Insurance, which
press release is attached hereto as Exhibit 99.1.
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: July 26, 2004 By: /s/ Kenneth B. Gilman
Name: Kenneth B. Gilman Title: President and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated July 22, 2004
Reporters May Contact:
David Shein
RFBinder Partners
(212) 994-7514
david.shein@rfbinder.com
Asbury Automotive Group Names Charles Robinson
Vice President of Finance and Insurance
New York, NY- July 22, 2004- Asbury Automotive Group, Inc. (NYSE: ABG), one of
the largest automotive retail and service companies in the U.S., today announced
that Charles Robinson has joined Asbury as Vice President of Finance and
Insurance. Mr. Robinson will replace Thomas G. McCollum, who recently left this
position to take over as CEO and President of Asbury's McDavid Auto Group, based
in Irving, Texas.
"With over 30 years of experience in the automotive industry, Charlie Robinson
brings an incredible depth of knowledge and expertise to the table, and we our
confident that he will be able to maintain and build upon the success that
Asbury has achieved with F&I," said Kenneth B. Gilman, Asbury's President and
CEO. "We are delighted to welcome him as a key senior member of our corporate
team, and we feel very fortunate to have Charlie on board."
Before joining Asbury, Mr. Robinson spent 24 years with AON, where most recently
he served as President and CEO of AON's Resource Dealer Group, a marketing
entity that distributes insurance products to the retail automotive industry.
His duties at Resource Dealer Group included: managing the national field force;
maintaining and strengthening client relationships through enhanced same-store
profitability; and managing key vendor relationships. Prior to working for AON,
Mr. Robinson was the General Manager for two different automotive dealerships.
About Asbury Automotive Group
Asbury Automotive Group, Inc., headquartered in New York City, is one of the
largest automobile retailers in the U.S. Asbury operates through nine
geographically concentrated, individually branded "platforms". These platforms
operate 100 retail auto stores, encompassing 139 franchises for the sale and
servicing of 35 different brands of American, European and Asian automobiles.
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.
Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined
in the Private Securities Litigation Reform Act of 1995. The forward-looking
statements include statements relating to goals, plans and projections regarding
the company's financial position, results of operations, market position,
product development and business strategy. These statements are based on
management's current expectations and involve significant risks and
uncertainties that may cause results to differ materially from those set forth
in the statements. These risks and uncertainties include, among other things,
market factors, the company's relationships with vehicle manufacturers and other
suppliers, risks associated with the company's substantial indebtedness,
uncertainties related to pending acquisitions, including the risk that one or
more pending acquisitions will fail to be completed as contemplated, general
economic conditions both nationally and locally and governmental regulations and
legislation. There can be no guarantees the company's plans for future
operations will be successfully implemented or that they will prove to be
commercially successful. These and other risk factors are discussed in the
company's registration statement on Form S-1 and in its other filings with the
Securities and Exchange Commission. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new information,
future events or otherwise.
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