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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): JULY 10, 2007 (JULY 3, 2007)
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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On July 3, 2007, DURA Automotive Systems, Inc. (OTC: DRRAQ) entered into an
asset purchase agreement with Atwood Acquisition Co., LLC for the sale of DURA's
Atwood Mobile Products division, headquartered in Elkhart, Indiana. The
agreement provides for the acquisition of Atwood Mobile Products for an
aggregate potential cash consideration of $160.2 million. Closing of the
transaction is subject to the approval of the United States Bankruptcy Court for
the District of Delaware, which has jurisdiction over DURA's Chapter 11
reorganization proceedings; government regulatory approvals; and customary
closing conditions. Further details regarding the terms of the transaction are
contained in the July 5, 2007, press release attached hereto as Exhibit 99.1 and
the agreement attached hereto as Exhibit 99.2 to this Current Report on Form
8-K, each of which is incorporated herein by reference.
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: July 10, 2007 By: /s/ David L. Harbert
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David L. Harbert
Vice President,
Chief Financial Officer
(principal accounting and
financial officer)
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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99.1 Press release dated July 5, 2007, announcing that the DURA
Automotive Systems, Inc. (OTC: DRRAQ) entered into an asset
purchase agreement with Atwood Acquisition Co., LLC for the sale
of DURA's Atwood Mobile Products division, headquartered in
Elkhart, Indiana.
99.2 ASSET PURCHASE AGREEMENT, dated as of July 3, 2007, by and between
ATWOOD ACQUISITION CO. LLC as Purchaser and ATWOOD MOBILE
PRODUCTS, INC. as Seller