- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------

FORM 10-K/A

(MARK ONE)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2001

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

COMMISSION FILE NO. 0-21139
------------------------

DURA AUTOMOTIVE SYSTEMS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

DELAWARE 38-3185711
(STATE OR OTHER JURISDICTION OF INCORPORATION
OR ORGANIZATION) (I.R.S. EMPLOYER IDENTIFICATION NUMBER)

4508 IDS CENTER
MINNEAPOLIS, MINNESOTA 55402
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
</Table>

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (612) 342-2311
------------------------

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
NONE

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
CLASS A COMMON STOCK, $.01 PAR VALUE
------------------------

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference on Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

As of March 1, 2002, 14,731,947 shares of Class A Common Stock of the
Registrant were outstanding and the aggregate market value of the Class A Common
Stock of the Registrant (based upon the last reported sale price of the Common
Stock at that date by the Nasdaq National Market System), excluding shares owned
beneficially by affiliates, was approximately $185,449,000. In addition,
3,108,540 shares of Class B Common Stock of the Registrant were outstanding at
March 1, 2002.
------------------------

Documents Incorporated by Reference: NONE.

This Amendment No. 1 on Form 10-K/A to the Annual Report of Dura Automotive
Systems, Inc. for the fiscal year ended December 31, 2001 is being filed solely
to add information required by Items 10, 11, 12 and 13 of Part III to this
Annual Report and to add Exhibit 99.1.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

DURA AUTOMOTIVE SYSTEMS, INC.

AMENDMENT NO. 1

ANNUAL REPORT ON FORM 10-K/A

TABLE OF CONTENTS

<Table>
<Caption>
PAGE
----

PART III
Item 10. Directors and Executive Officers of the Registrant.......... 3
Item 11. Executive Compensation...................................... 7
Item 12. Security Ownership of Certain Beneficial Owners and 9
Management..................................................
Item 13. Certain Relationships and Related Party Transactions........ 10

EXHIBIT INDEX........................................................... 13
</Table>

PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

The following table sets forth certain information with respect to the
Company's executive officers and directors as of March 1, 2002:

<Table>
<Caption>
NAME AGE POSITION(S)
- ---- --- -----------

S.A. Johnson........................... 61 Chairman and Director
Karl F. Storrie........................ 64 President, Chief Executive Officer and
Director
David R. Bovee......................... 52 Vice President, Chief Financial Officer
and Assistant Secretary
John J. Knappenberger.................. 55 Vice President
Milton D. Kniss........................ 54 Vice President and President -- Control
Systems Division
Robert A. Pickering.................... 59 Vice President and President -- Atwood
Mobile Products Division
Scott D. Rued.......................... 45 Vice President
Jurgen von Heyden...................... 54 Vice President and President -- Body &
Glass Division
Robert E. Brooker, Jr.................. 64 Director
Jack K. Edwards........................ 57 Director
James O. Futterknecht, Jr.............. 54 Director
J. Richard Jones....................... 59 Director
Eric J. Rosen.......................... 41 Director
Ralph R. Whitney, Jr................... 66 Director
</Table>

The present principal occupations and recent employment history of each of
the executive officers and directors of Dura listed above are set forth below.

S.A. Johnson has served as Chairman and a Director of Dura since November
1990. Mr. Johnson is the founder and Chairman of Hidden Creek Industries
("Hidden Creek"), a private industrial management company based in Minneapolis,
Minnesota, which has provided certain management and other services to Dura. Mr.
Johnson is also the President of J2R Corporation. Prior to forming Hidden Creek,
Mr. Johnson served from 1985 to 1989 as Chief Operating Officer of Pentair,
Inc., a diversified industrial company. From 1981 to 1985, Mr. Johnson was
President and Chief Executive Officer of Onan Corp., a diversified manufacturer
of electrical generating equipment and engines for commercial, defense and
industrial markets. Mr. Johnson served as Chairman and a director of Automotive
Industries Holding, Inc., a supplier of interior trim components to the
automotive industry, from May 1990 to August 1995. Mr. Johnson is also Chairman
and a director of Tower Automotive, Inc., a manufacturer of engineered metal
stampings and assemblies for the automotive industry.

Karl F. Storrie has served as President, Chief Executive Officer and a
Director of Dura since March 1991. Prior to joining Dura and from 1986, Mr.
Storrie was Group President of a number of aerospace manufacturing companies
owned by Coltec Industries, a multi-divisional public corporation. Prior to
becoming a Group President, Mr. Storrie was a Division President of two
aerospace design and manufacturing companies for Coltec Industries from 1981 to
1986. During his thirty-five year career, Mr. Storrie has held a variety of
positions in technical and operations management. Mr. Storrie is also a director
of Argo-Tech Corporation, a manufacturer of aircraft fuel, boost and transfer
pumps.

David R. Bovee has served as Vice President and Chief Financial Officer of
Dura since January 2001 and from November 1990 to May 1997. From May 1997 until
January 2001, Mr. Bovee served as Vice President of Business Development. Mr.
Bovee also serves as Assistant Secretary for Dura. Prior to joining Dura, Mr.
Bovee served as Vice President at Wickes in its Automotive Group from 1987 to
1990.

John J. Knappenberger has served as Vice President of Quality and Materials
of Dura since December 1995. Mr. Knappenberger assumed responsibility for sales
and engineering in June 1997. Prior to joining Dura, Mr. Knappenberger was
Director of Quality for Carrier Corporation's North American Operations,
manufacturers of heating and air conditioning systems, from February 1992. From
1985 to 1991, Mr. Knappenberger was employed by TRW Inc., a supplier of
components to the automotive industry, beginning as Director of Quality in 1985
for the Steering and Suspension Division and becoming Vice President, Quality
for the Automotive Sector in 1990.

Milton D. Kniss has served as Vice President of Operations of Dura since
January 1994 and President of the Control Systems Division since October 2000.
From April 1991 until January 1994, Mr. Kniss served as Director of Michigan
Operations for Dura. Mr. Kniss joined the predecessor in 1981 as a Divisional
Purchasing Manager, and served as Plant Manager of East Jordan, Michigan from
1982 until 1986, and Plant Manager of Gordonsville, Tennessee until 1991.

Robert A. Pickering has served as Vice President of Dura since March 1999
and President of the Atwood Mobile Products Division since January 2000. From
December 1996 to March 1999, Mr. Pickering was Vice President of Excel. From
1989 to 1996, Mr. Pickering was employed by Atwood Industries, serving as Vice
President of manufacturing of Atwood Automotive Division from 1989 to 1991 and
President of Atwood Mobile Products from 1991 to 1996. Prior to joining Atwood
Industries, Mr. Pickering's employment included seven years with Tech Form
Industries, an automotive OEM supplier, six years with Volkswagen of America,
and ten years with the Chevrolet Division of General Motors.

Scott D. Rued has served as Vice President of Dura since November 1990. Mr.
Rued, a stockholder of J2R, has also served as President and Chief Executive
Officer of Hidden Creek since January 2001. From January 1994 through December
of 2000, Mr. Rued served as Executive Vice President and Chief Financial Officer
of Hidden Creek and from June 1989 through 1993 he served as Vice
President -- Finance and Corporate Development. Mr. Rued has served as Vice
President, Corporate Development and a director of Tower Automotive, Inc. since
April 1993. Mr. Rued served as Vice President, Chief Financial Officer and a
director of Automotive Industries Holding, Inc. from April 1990 to 1995. Mr.
Rued is also a director of The Rottlund Company, Inc., a corporation engaged in
the development and sale of residential real estate.

Jurgen von Heyden has served as Vice President of Dura and President of the
Body & Glass Division since February 2000. Mr. von Heyden served as Managing
Director of Dura Body & Glass Systems GmbH in Plettenberg, Germany from March
1999 to February 2000. Prior to the acquisition of Schade, Mr. von Heyden served
as the Managing Director/CEO of Schade since 1997. Before joining Schade he was
the Managing Director of Happich, later becoming Becker-Group. Mr. von Heyden
has been in the automotive supplier industry since 1984 with professional
training of Diplom-Ingenieur and Diplom-Wirtschaftsingenieur.

Robert E. Brooker, Jr. has served as a Director of Dura since September
1996. From 1993 to 1995, Mr. Brooker was President and Chief Operating Officer
of Connell Limited Partnership. Prior thereto, Mr. Brooker served six years as
President and Chief Executive Officer at Lord Corporation. Mr. Brooker is also a
director of Full Circle Investments, a private investment company.

Jack K. Edwards has served as a Director of Dura since December 1996. Mr.
Edwards joined Cummins Engine Co., Inc. in 1972 and has served as Executive Vice
President and Group President -- Power Generation and International since March
1996. Mr. Edwards is also a director of David J. Joseph Co., a processor and
trader of steel scrap.

James O. Futterknecht, Jr. has served as a Director of Dura since May 1999.
Mr. Futterknecht joined Excel Industries, Inc. ("Excel") in 1970, was Vice
President-Corporate Sales from 1976 until 1984, was Vice President-Automotive
Products from 1984 until 1987, was Vice President-Automotive Sales and
Engineering from 1987 to 1990 and was Executive Vice President from 1990 to
1992. He was elected as President and
4

Chief Operating Officer and was appointed as an Excel director in 1992. In 1995,
he was elected to the additional offices of Chairman of the Board and Chief
Executive Officer and served those offices until Dura acquired Excel in March
1999. Mr. Futterknecht is currently Senior Principal of Hammond, Kennedy,
Whitney & Company, Inc., a New York, New York financial intermediary and private
capital firm.

J. Richard Jones has served as a Director of Dura since May 1998. Prior to
the acquisition of Trident Automotive plc ("Trident") in April 1998, Mr. Jones
served as Group President and Chief Executive Officer of Trident's predecessor
from June 1992 until December 1997 and as Chairman, Chief Executive Officer and
Director of Trident from December 1997 until April 1998.

Eric J. Rosen has served as a Director of Dura since January 1995. Mr.
Rosen is Managing Director of Onex Investment Corp., a diversified industrial
corporation and an affiliate of Onex Corporation, and served as a Vice President
of Onex Investment Corp. from 1989 to February 1994. Prior thereto, Mr. Rosen
worked in the merchant banking group at Kidder, Peabody & Co. Incorporated from
1987 to 1989.

Ralph R. Whitney, Jr. has served as a Director of Dura since May 1999. Mr.
Whitney was a director of Excel from 1983 to March 1999 and was Chairman of the
Board from 1983 to 1985. Mr. Whitney is currently chairman and has been a
principal of Hammond, Kennedy, Whitney & Company, Inc., a New York, New York
financial intermediary and private capital firm, since 1971. Mr. Whitney is also
a director of Relm Communications, Inc., First Technology plc., IFR Systems,
Inc. and Baldwin Technologies, Inc.

There are no family relationships between any of the directors or any of
Dura's executive officers.

COMMITTEES OF THE BOARD OF DIRECTORS.

The Board of Directors held five meetings (exclusive of committee meetings)
during the preceding fiscal year. During 2001, each director attended at least
75% of the meetings of the Board of Directors and any committees on which such
director served. The Board of Directors has established the following
committees, the functions and current members of which are noted below.

Executive Committee. The Executive Committee of the Board of Directors
consists of S.A. Johnson (Chairman) and Karl Storrie and, prior to his
resignation from the Board of Directors in February 2002, William L. Orscheln.
The Executive Committee has all the power and authority vesting in or retained
by the Board of Directors and may exercise such power and authority in such
manner as it shall deem for the best interest of Dura in all cases in which
specific direction shall not have been given by the Board of Directors and
subject to any specific limitations imposed by law or a resolution of the Board
of Directors. The Executive Committee met one time during the preceding fiscal
year.

Compensation Committee. The Compensation Committee of the Board of
Directors consists of Robert E. Brooker, Jr. (Chairman), Jack K. Edwards and J.
Richard Jones. During the last fiscal year, the Compensation Committee made
recommendations to the Board of Directors with respect to salaries, compensation
and benefits of directors and executive officers of Dura, including the grant of
options under the 1998 Stock Incentive Plan (the "1998 Plan"). The Compensation
Committee met four times during the preceding fiscal year.

Nominating Committee. Dura does not have a nominating committee.

Audit Committee. The Audit Committee of the Board of Directors consists of
James O. Futterknecht, Jr. (Chairman), Eric J. Rosen and Ralph R. Whitney, Jr.
The Audit Committee is responsible for reviewing as it shall deem appropriate,
and recommending to the Board of Directors, internal accounting and financial
controls for Dura and accounting principles and auditing practices and
procedures to be employed in the preparation and review of Dura's financial
statements. The Audit Committee is also responsible for recommending to the
Board of Directors independent public accountants to audit the annual financial
statements of Dura. The Audit Committee met six times during the preceding
fiscal year.

Effective May 25, 2000, the Company's Board of Directors adopted a written
charter with respect to the roles and responsibilities of the Audit Committee,
which has been filed with the Securities and Exchange Commission. The Audit
Committee has reviewed, discussed and reassessed the adequacy of the Company's
5

written charter, and has determined that the existing charter is adequate and in
full compliance with applicable rules and requirements. The Audit Committee has
certified to the Company's Board of Directors that it has satisfied its
responsibilities as set forth in the Company's written charter.

COMPENSATION OF DIRECTORS

For service in 2001, directors who are not employees of Dura or any of its
affiliates ("Outside Directors") each received an annual retainer of $75,000.
All or a portion of the retainer, but not less than 25%, may be deferred under
the Dura Automotive Systems, Inc. Director Deferred Stock Purchase Plan.
Deferred amounts are payable only in shares of the Company's Class A Common
Stock. Outside Directors were not paid for attendance at Board or committee
meetings, but were reimbursed for out-of-pocket expenses incurred to attend such
meetings.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires
Dura's officers, directors and persons who beneficially own more than ten
percent of a registered class of Dura's equity securities to file reports of
securities ownership and changes in such ownership with the Securities and
Exchange Commission (the "SEC"). Officers, directors and greater than ten
percent beneficial owners also are required by rules promulgated by the SEC to
furnish Dura with copies of all Section 16(a) forms they file.

Based solely upon a review of the copies of such forms furnished to Dura,
or written representations that no Form 5 filings were required, Dura believes
that during the period from January 1, 2001 through December 31, 2001, all
Section 16(a) filing requirements applicable to its officers, directors and
greater than ten percent beneficial owners were complied with, except that a
Form 4 with respect to a sale of Company stock for Jurgen von Heyden, Vice
President of Dura, was one month after the applicable due date.

ITEM 11. EXECUTIVE COMPENSATION

The following table sets forth compensation packages for the years ended
December 31, 2001, 2000 and 1999 for Dura's chief executive officer and the four
other most highly compensated executive officers for the year ended December 31,
2001 (collectively, the "Named Executive Officers").

2001 SUMMARY COMPENSATION TABLE

<Table>
<Caption>
LONG-TERM
ANNUAL COMPENSATION COMPENSATION
----------------------------------- ------------
OTHER ANNUAL OPTIONS ALL OTHER
NAME AND SALARY BONUS COMPENSATION GRANTED COMPENSATION
PRINCIPAL POSITION YEAR ($)(1) ($)(2) ($)(3) (#) ($)(4)
- ---------------------------------- ---- -------- -------- ------------ ------------ ------------

Karl F. Storrie................... 2001 $690,000 $ -- $118,593(5) 190,000 $7,988
President and Chief 2000 650,000 68,771(6) -- 7,988
Executive Officer 1999 500,000 800,000 70,298(7) 140,000 8,047
Milton D. Kniss................... 2001 353,500 -- -- 70,000 7,214
Vice President 2000 290,000 -- -- -- 7,214
1999 250,000 275,000 -- 50,000 6,949
Jurgen von Heyden................. 2001 303,000 -- -- 70,000 --
Vice President (8) 2000 250,290 615,530(9) -- -- --
1999 204,157 429,000 -- -- --
Robert A. Pickering............... 2001 262,500 -- -- 70,000 7,574
Vice President (10) 2000 250,000 -- -- -- 7,510
1999 180,843 225,423 -- 50,000 5,349
Michael C. Paquette............... 2001 262,500 -- -- 50,000 7,988
Vice President (11) 2000 250,000 -- -- -- 7,574
1999 168,750 230,000 -- 50,000 6,224
</Table>

- ---------------

(1) Includes amounts deferred by employees under the Company's 401(k) employee
savings plan, pursuant to Section 401(k) of the Internal Revenue Code and
bonus amounts deferred into the Deferred Income Leadership Stock Purchase
Plan.

(2) Represents amounts earned under the Company's bonus plan, but excludes
amounts foregone at the election of the Named Executive Officer and payable
in shares of Dura's Class A Common Stock under the Dura Automotive Systems,
Inc. Deferred Income Leadership Stock Purchase Plan.

(3) Except as otherwise disclosed, none of the perquisites or other benefits
paid to each of the executive officers exceeded the lesser of $50,000 or
10% of the total annual salary and bonus received by such executive
officers.

(4) The amounts disclosed in this column include amounts contributed by Dura to
the Company's 401(k) employees savings plan and profit sharing plan and
dollar value of premiums paid by Dura for term life insurance on behalf of
the named executive officers.

(5) Includes $58,958 of personal travel expenses paid by Dura.

(6) Includes $28,470 of personal travel expenses paid by Dura.

(7) Includes $37,322 of personal travel expenses paid by Dura.

(8) Mr. von Heyden became an employee of Dura in March 1999.

(9) Special bonus for 2000 based on contracts assumed through acquisition.

(10) Mr. Pickering became an employee of Dura in March 1999.

(11) Mr. Paquette became an employee of Dura in March 1999.

OPTION GRANTS TABLE

The following table shows all grants of options to acquire shares of Class
A Common Stock of Dura granted to the Named Executive Officers under the 1998
Plan during the year ended December 31, 2001.

<Table>
<Caption>
POTENTIAL REALIZABLE VALUE
AT ASSUMED ANNUAL RATES
NUMBER OF OF STOCK PRICE
SECURITIES % OF TOTAL APPRECIATION FOR OPTION
UNDERLYING OPTIONS GRANTED EXERCISE TERM(2)
OPTIONS GRANTED TO EMPLOYEES IN PRICE EXPIRATION --------------------------
NAME (#)(1) FISCAL YEAR (PER SHARE) DATE 5% 10%
- ---- --------------- --------------- ----------- ---------- ---------- ------------

K.F. Storrie.......... 140,000 7.0% $7.50 1/22/11 $660,339 $1,673,430
50,000 2.5% 9.15 12/13/11 287,719 729,137
M.D. Kniss............ 50,000 2.5% 7.50 1/22/11 235,835 597,653
20,000 1.0% 9.15 12/13/11 115,088 291,655
J. von Heyden......... 50,000 2.5% 7.50 1/22/11 235,835 597,653
20,000 1.0% 9.15 12/13/11 115,088 291,655
R.A. Pickering........ 50,000 2.5% 7.50 1/22/11 235,835 597,653
20,000 1.0% 9.15 12/13/11 115,088 291,655
M.C. Paquette......... 50,000 2.5% 7.50 1/22/11 235,835 597,653
</Table>

- ---------------

(1) All listed options vest ratably over four years commencing one year from the
date of grant, except that the options granted to Mr. Storrie on January 22,
2001 vest ratably over a two year period.

(2) Amounts reflect certain assumed rates of appreciation set forth in the
executive compensation disclosure rules of the SEC. Actual gains, if any, on
stock option exercises depend on future performance of Dura's Class A Common
Stock and overall stock market conditions. No assurances can be made that
the amounts reflected in these columns will be achieved.

OPTION EXERCISES AND YEAR-END VALUE TABLE

During the year ended December 31, 2001, no options were exercised by any
executive officer of Dura. The following table shows the aggregate number and
value of unexercised options held by each of Dura's executive officers as of
December 31, 2001.

AGGREGATED OPTION EXERCISES IN LAST FISCAL
YEAR AND YEAR-END OPTION VALUES

<Table>
<Caption>
NUMBER OF UNEXERCISED VALUE OF UNEXERCISED
OPTIONS AT IN-THE-MONEY
YEAR-END(#) OPTIONS YEAR-END($)(1)
------------------------- -------------------------
NAME EXERCISABLE/UNEXERCISABLE EXERCISABLE/UNEXERCISABLE
- ---- ------------------------- -------------------------

K.F. Storrie...................................... 247,500/282,500 $--/$582,500
M.D. Kniss........................................ 75,625/104,375 --/ 212,000
J. von Heyden..................................... --/ 70,000 --/ 212,000
R.A. Pickering.................................... 33,800/ 95,000 --/ 212,000
M.C. Paquette..................................... 33,800/ 75,000 --/ 175,000
</Table>

- ---------------

(1) Values are based on the difference between the closing bid price of Class A
Common Stock of Dura on December 31, 2001 ($11.00) and the exercise prices
of the options.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

The members of Dura's Compensation Committee are Robert E. Brooker, Jr.,
Jack K. Edwards and J. Richard Jones.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Unless otherwise noted, the following table sets forth certain information
regarding ownership of the Common Stock as of March 27, 2002 by (i) the
beneficial owners of more than 5% of the Common Stock of Dura, (ii) each
director and executive officer of Dura and (iii) all directors and executive
officers of Dura as a group.

<Table>
<Caption>
BENEFICIAL OWNERSHIP
----------------------------------------------
CLASS A STOCK CLASS B STOCK
--------------------- ---------------------
DIRECTORS, OFFICERS NUMBER OF PERCENT NUMBER OF PERCENT
AND 5% STOCKHOLDERS SHARES OF CLASS SHARES OF CLASS
- ------------------- --------- -------- --------- --------

ONEX DHC LLC(1)(2)............................. 30,000 * 2,451,540 100.0%
J2R Corporation(2)(3).......................... -- -- 178,211 7.3%
S.A. Johnson(2)(3)............................. 97,500 * 187,879 7.7%
Karl F. Storrie(2)(4).......................... 300,225 1.9% 55,531 2.3%
David R. Bovee(2).............................. 97,566 * 26,308 1.1%
John J. Knappenberger.......................... 61,975 * -- --
Milton D. Kniss(2)............................. 85,029 * 8,961 *
Michael C. Paquette............................ 54,157 * -- --
Robert A. Pickering............................ 49,270 * -- --
Scott D. Rued(2)(5)............................ 23,250 * 178,211 7.3%
Jurgen von Heyden.............................. 12,500 -- -- --
Robert E. Brooker, Jr.......................... 50,818 * -- --
Jack K. Edwards................................ 20,728 * -- --
James O. Futterknecht, Jr...................... 50,706 * -- --
J. Richard Jones............................... 58,421 * -- --
Eric J. Rosen(1)(2)............................ 35,000 * 2,451,540 100.0%
Ralph R. Whitney, Jr........................... 28,221 * -- --
Dimensional Fund Advisors(6)................... 1,180,939 7.6% -- --
State of Wisconsin Investment Board(7)......... 2,365,900 15.3% -- --
Strong Capital Management, Inc.(8)............. 913,215 5.9% -- --
Barclays Global Investors(9)................... 899,115 5.8% -- --
US Bancorp(10)................................. 835,433 5.4% -- --
All Directors and Officers as a group (15
persons)..................................... 995,366 6.1% 2,451,540 100.0%
</Table>

- ---------------

* Less than one percent.

(1) Reflects shares of Class B Stock held by Onex DHC LLC, which has shared
voting power over 2,451,540 shares of Common Stock (see footnote (2)) and
sole dispositive power over 30,000 shares of Class A Common Stock and
1,394,913 shares of Class B Stock. Mr. Rosen, a Director of the Company, is
Managing Director of Onex Investment Corp. and disclaims beneficial
ownership of all shares of Common Stock owned by Onex DHC LLC. Onex DHC LLC
and Onex Investment Corp. are both wholly owned subsidiaries of Onex
Corporation. The address for Onex DHC LLC and Mr. Rosen is c/o Onex
Investment Corp., 712 Fifth Avenue, 40th Floor, New York, New York 10019.

(2) Onex, J2R, Messrs. Johnson, Storrie, Bovee, Kniss, Rosen and Rued and
certain of the Company's other existing stockholders have entered into
agreements pursuant to which such stockholders agreed to vote their shares
of Common Stock in the same manner as Onex votes its shares on all matters
presented to the Company's stockholders for a vote and, to the extent
permitted by law, granted to Onex a proxy to effectuate such agreement. As
a result, Onex has voting control of approximately 61.3% of the Common
Stock.

(3) Includes 178,211 Class B shares owned by J2R, of which Mr. Johnson is
President, 9,668 Class B shares owned by Mr. Johnson and 97,500 currently
exercisable options to acquire Class A shares. The address for Mr. Johnson
and J2R is c/o Dura Automotive Systems, Inc., 4508 IDS Center, Minneapolis,
Minnesota 55402.

(4) Includes 1,400 Class A shares owned by Mr. Storrie's wife for which Mr.
Storrie disclaims beneficial ownership of such shares, 282,500 currently
exercisable options to acquire Class A shares, and 13,325 vested restricted
stock units under the Company's Deferred Income Leadership Stock Purchase
Plan.

(5) Includes 178,211 Class B shares owned by J2R, of which Mr. Rued is a
stockholder and 23,250 currently exercisable options to acquire Class A
shares. Mr. Rued disclaims beneficial ownership of the shares owned by J2R.
The address for Mr. Rued is c/o Dura Automotive Systems, Inc., 4508 IDS
Center, Minneapolis, Minnesota 55402.

(6) Dimensional Fund Advisors reported as of January 30, 2002 sole voting and
dispositive power with respect to 1,180,939 shares of Class A Stock,
representing 8.5% of the outstanding shares of Class A Stock at that time.
The address for Dimensional Fund Advisors Inc. is 1299 Ocean Avenue, 11th
Floor, Santa Monica, California 90401.

(7) State of Wisconsin Investment Board reported as of February 15, 2002 sole
voting and dispositive power with respect to 2,365,900 shares of Class A
Stock, representing 16.1% of the outstanding shares of Class A Stock at
that time. The address for State of Wisconsin Investment Board is P.O. Box
7842, Madison, WI 53707.

(8) Strong Capital Management, Inc. reported as of February 13, 2002 shared
voting power with respect to 885,775 shares of Class A Stock and shared
dispositive power with respect to 913, 215 shares of Class A Stock,
representing 6.2% of the outstanding shares of Class A Stock at that time.
The address for Strong Capital Management, Inc. is 100 Heritage Reserve,
Mehomonee Falls, Wisconsin 53051.

(9) Barclays Global Fund Advisors reported as of February 8, 2002 sole voting
power with respect to 870,385 shares of Class A Stock and sole dispositive
power with respect to 899,115 shares of Class A Stock, representing 6.1% of
the outstanding shares of Class A Stock at that time. The address for
Barclays Global Fund Advisors is 45 Fremont Street, San Fancisco,
California 94105.

(10) U.S. Bancorp reported as of February 8, 2002 sole voting power with respect
to 822,548 shares of Class A Stock, sole dispositive power with regard to
659,735 shares of Class A Stock, shared dispositive power with respect to
5,300 shares of Class A Stock and beneficial ownership of 835,433 shares of
Class A Stock, representing 5.7% of the outstanding Class A Stock at that
time. The address of U.S. Bancorp is 601 2nd Avenue South, Minneapolis,
Minnesota 55402.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

Dura, Onex, J2R, Alkin and S.A. Johnson and certain other investors are
parties to a Stockholders Agreement pursuant to which each party has agreed to
vote his or its shares in the same manner that Onex votes its shares of Dura's
Common Stock.

Dura, Onex and certain stockholders including J2R, Alkin, S.A. Johnson and
Karl F. Storrie are parties to a registration agreement pursuant to which Dura
has granted certain of its stockholders rights to register shares of Dura's
Common Stock.

Dura paid fees to Hidden Creek of approximately $1.6 million in 2001 in
connection with the amendment to Dura's Credit Agreement, the offering of $158.5
million 9% Senior Subordinated Notes, the divestitures of Dura's Australia,
Thixotech and Plastics Products businesses and other business development
services. Certain officers and employees of Hidden Creek continue to provide
such services to Dura.

In January 2002, Dura sold all of the assets of its plastic products
business unit in an arms length transaction to Nyloncraft, Inc. The controlling
shareholder of Nyloncraft, Inc. is HKW Capital Partners II, L.P. (the "Fund").
Mr. Ralph R. Whitney, Jr., a member of Dura's Board, is also a member of the
general partner of the Fund.

In November 1999, Dura acquired a 25% membership interest in Automotive
Aviation Partners LLC ("AAP"), the principal asset of which is a Falcon 50
airplane. S.A. Johnson owns a 75% membership interest in AAP. The Falcon 50
airplane was leased by AAP to DHCI Partners, LLC, a limited liability company
owned 25% by Dura Operating Corp. and 75% by Hidden Creek, under an aircraft
lease with a seven-year term and a 60-day cancellation clause. In connection
with the transaction, Dura guaranteed indebtedness of
10

AAP to Comerica Bank, such guarantee not to exceed $1.25 million, and Mr.
Johnson guaranteed indebtedness of AAP not to exceed $3.75 million. Lease
payments in 2001 were approximately $0.3 million.

In connection with the transaction above, during 2001, Dura loaned
approximately $1.2 million to AAP pursuant to a promissory note. The promissory
note bears interest at the commercial prime lending rate with principal and
interest due at the earlier of (a) October, 2002 or (b) sale of the Falcon 50
airplane. The note is guaranteed by S.A. Johnson, up to a maximum limit of
$905,759.

In November 1999, Dura Operating Corp. formed Dura Aircraft Operating
Company, LLC ("DAOC"), a wholly-owned limited liability company. DAOC acquired a
Sabreliner 65 airplane owned by R.J. Aircraft II Company ("R.J.", which is 100%
owned by S.A. Johnson) in exchange for the Beechjet 400A airplane which was
owned by Dura Operating Corp. plus $200,000 in cash paid to R.J. The Sabreliner
65 was leased by DAOC to Dura Operating Corp. under an aircraft lease with a
seven-year term. Lease payments in 2001 were approximately $0.3 million.

SIGNATURES

Pursuant to the requirements of Section 13 of the Securities Exchange Act
of 1934, the registrant has duly caused this amendment to be signed on its
behalf by the undersigned, thereunto duly authorized.

Dura Automotive Systems, Inc.

By: /s/ DAVID R. BOVEE
------------------------------------
Name: David R. Bovee
Its: Vice President, Chief
Financial Officer
Dated April 2, 2002

DURA AUTOMOTIVE SYSTEMS, INC.
EXHIBIT INDEX TO AMENDMENT NO. 1
TO
ANNUAL REPORT
ON FORM 10-K/A
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2001

<Table>
<Caption>
EXHIBIT
- -------

99.1 Letter to Securities and Exchange Commission Pursuant to
Temporary Note 3T
</Table>