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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): AUGUST 29, 2006
DURA AUTOMOTIVE SYSTEMS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 000-21139 38-3185711
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
2791 RESEARCH DRIVE, ROCHESTER HILLS, MICHIGAN 48309
(Address of Principal Executive Offices, including Zip Code)
(248) 299-7500
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)
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ITEM 8.01 OTHER EVENTS.
Dura Automotive Systems, Inc. (the "Company") has elected to defer the
dividend payment on the 7 1/2% Convertible Trust Preferred Securities issued by
the Dura Automotive Capital Trust that would have otherwise been paid on
September 30. The 7 1/2% Convertible Trust Preferred Securities are traded on
the Nasdaq Global Market under the symbol "DRRAP". The terms of the Dura
Automotive Capital Trust and the underlying 7 1/2% Convertible Subordinated
Debentures due 2028 issued by the Company to the Capital Trust permit the
deferral of dividends and the underlying interest payments on the Debentures for
up to 20 consecutive quarters. This is the first such deferral and any decision
on any future deferrals will be reviewed on a quarterly basis. The deferral of
the dividend is consistent with the Company's ongoing evaluation of its capital
structure.
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, thereunto duly authorized.
DURA AUTOMOTIVE SYSTEMS, INC.
Date: August 29, 2006 By /s/ Keith R. Marchiando
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Keith R. Marchiando
Vice President, Chief Financial Officer
(principal accounting and financial officer)
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