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 25, 2002
Commission File Number: 333-82617
Michigan Venture Holdings Company LLC 38-3470015
Michigan Vemco, Inc. 38-2737797
Michigan Venture Industries Corporation 38-2034680
Michigan Venture Mold & Engineering Corporation 38-2556799
Michigan Venture Leasing Company 38-2777356
Michigan Vemco Leasing, Inc. 38-2777324
Michigan Venture Holdings Corporation 38-2793543
Michigan Venture Service Company 38-3024165
Michigan Experience Management, LLC 38-3382308
Michigan Venture Europe, Inc. 38-3464213
Michigan Venture EU Corporation 38-3470019
(State or other (Exact name of registrant as (I.R.S. Employer
jurisdiction of specified in its charter) Identification
incorporation or Number)
organization)
33662 James J. Pompo, Fraser, Michigan 48026
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (586) 294-1500
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
On July 25, 2002, Larry Winget, the owner of Venture Holdings Company
LLC ("Venture"), entered into an Agreement with Venture to contribute certain
businesses and assets he currently owns outside Venture, along with certain
related liabilities, and to terminate certain commissions and management fees in
the event that (i) the preliminary insolvency proceeding relating to Venture's
German subsidiaries is dismissed, (ii) a formal insolvency proceeding is not
commenced in Germany or elsewhere and (iii) no unwaived event of default exists
under Venture's loan agreements. A copy of the Agreement is attached as an
exhibit to this report and is incorporated herein by reference.
This report includes a number of "forward looking" statements within the meaning
of the Securities Exchange Act of 1934 and is subject to a number of risks and
uncertainties. Such factors include, among others, the following: international,
national and local political, economic and market conditions; incremental costs,
slowed automobile production or other effects that may occur as a result of the
September 2001 terrorist attacks on the World Trade Center and the Pentagon or
reactions thereto by us or our suppliers and customers; possible future
terrorist attacks; demographic changes; the size and growth of the automobile
market or the plastic automobile component market; our ability to sustain,
manage or forecast our growth; the size, timing and mix of purchases of our
products; our ability to realize savings from our focus on reducing and
controlling costs; our ability to realize the benefits of general tax reduction
plans; new product development and introduction; existing government regulations
and changes in, or the failure to comply with, government regulations; adverse
publicity; dependence upon original equipment manufacturers; liability and other
claims asserted against us; competition; the loss of significant customers or
suppliers; fluctuations and difficulty in forecasting operating results;
unfavorable currency exchange rates relative to the U.S. dollar; changes in
business strategy or development plans; business disruptions; product recalls;
warranty costs; the ability to attract and retain qualified personnel; the
ability to protect technology; retention of earnings; control and the level of
affiliated transactions.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits. A list of Exhibits included as part of this report is set forth in
the Exhibit Index which immediately precedes such exhibits and is incorporated
herein by reference.
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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.
VENTURE HOLDINGS COMPANY LLC
VEMCO, INC.
VENTURE INDUSTRIES CORPORATION
VENTURE MOLD & ENGINEERING CORPORATION
VENTURE LEASING COMPANY
VEMCO LEASING, INC.
VENTURE HOLDINGS CORPORATION
VENTURE SERVICE COMPANY
EXPERIENCE MANAGEMENT LLC
VENTURE EUROPE, INC.
VENTURE EU CORPORATION
Date: August 12, 2002 By: /s/ Michael Alexander
----------------------------------------
Michael Alexander
Chief Financial Officer
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Exhibit Index
Number Description
10.1 Agreement, dated as of July 25, 2002, by and between
Venture Holdings Company LLC, a Michigan Limited
Liability Company and Larry Winget.