UNITED STATES
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) SEPTEMBER 7, 2004
-----------------------------
CHAAS ACQUISITIONS, LLC
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 333-106356 41-2107245
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Organization) Identification No.)
12900 HALL ROAD, SUITE 200
STERLING HEIGHTS, MICHIGAN 48313
(Address of Principal Executive
Offices, including Zip Code)
(586) 997-2900
(Registrant's telephone number,
including area code)
N/A
-----------------------------------------------------------
(Former name or former address, if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 7, 2004, Advanced Accessory Systems, LLC, a wholly-owned
subsidiary of CHAAS Acquisitions, LLC (the "Company") announced that Terence
Seikel will resign as President, Chief Executive Officer, manager and director
of the Company and its affiliated entities to pursue other interests, effective
December 31, 2004, unless a successor is identified earlier. Mr. Seikel will,
however, remain as a member of the board of managers of the Company's parent
company, CHAAS Holdings LLC ("Holdings") following the effective date of his
resignation. A copy of the press release dated September 7, 2004 is attached
hereto as Exhibit 99.1 and incorporated herein by reference. On September 7,
2004, Holdings entered into a separation agreement with Mr. Seikel providing for
his transition and severance benefits. The information set forth in Item 5.02 of
this current report on Form 8-K is incorporated herein by reference.
ITEM 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Terence Seikel will resign as President, Chief Executive Officer,
manager and director of the Company and its affiliated entities effective
December 31, 2004, unless a successor is identified earlier. Mr. Seikel will,
however, remain as a member of the board of managers of Holdings following the
effective date of his resignation. In connection with his resignation, Holdings
and Mr. Seikel entered into a separation agreement dated September 7, 2004
providing for Mr. Seikel's transition and severance benefits. A copy of that
agreement is attached hereto as Exhibit 99.2 and is incorporated by reference
herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
EXHIBIT NUMBER DESCRIPTION
99.1 Press Release dated September 7, 2004
99.2 Separation Agreement between CHAAS Holdings LLC and Terence
Seikel, dated September 7, 2004
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.
CHAAS ACQUISITIONS, LLC
(Registrant)
Date: September 7, 2004 By: /s/ Terence C. Seikel
---------------------------------
Terence C. Seikel
President and Chief Executive
Officer
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
99.1 Press Release dated September 7, 2004
99.2 Separation Agreement between CHAAS Holdings LLC and Terence
Seikel, dated September 7, 2004