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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT TO APPLICATION OR REPORT
Filed pursuant to Section 12,13 or 15(d)of the Securities Exchange Act of 1934
OXFORD AUTOMOTIVE, INC.
(Exact name of Registrant as specified in its charter)
Michigan 333-32975 38-3262809
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1250 Stephenson Highway
Troy, Michigan 48083
(Address of principal executive offices)
Registrant's telephone number, including area code: (248) 577-1400
N/A
(Former Name or Former Address, if Changed Since Last Report)
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AMENDMENT NO. 2
The undersigned Registrant hereby amends the following item
of its Current Report on Form 8-K dated December 5, 1997 as set forth in the
pages attached hereto:
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(b) Pro Forma Financial Information.
Filed with this Amendment is certain corrected pro forma financial
information.
The Form 8-K/A filed February 9, 1998, included an arithmetic error on the
interest expense line for the Pro Forma Combined Statements of
Operations for the year ended March 31, 1997 and six months ended September
30, 1997. Total combined pro forma interest should have been $14,055 and
$6,564 respectively. The net income (loss) for the periods should have been
$(11,056) for the year ended March 31, 1997 and $2,629 for the six months
ended September 30, 1997.
The following table summarizes the corrected amounts, including the provision
(benefit) for income taxes.
PROFORMA INCOME STATEMENT
Company Howell RPI Holdings Pro Forma
Pro Forma Pro Forma Pro Forma Combined
-------------- -------------- -------------- --------------
Year Ended Year Ended Year Ended Year Ended
March 31, 1997 March 31, 1997 March 31, 1997 March 31, 1997
-------------- -------------- -------------- --------------
Net Sales $ 330,164 $ 91,543 $ 11,736 $ 433,443
Cost of Sales 312,144 85,795 11,718 409,657
--------- -------- -------- ---------
Gross Profit 18,020 5,748 18 23,786
Selling, general and administrative
expenses 20,122 4,582 963 25,667
Provision for equipment impairment
and non-recurring 5,247 0 0 5,247
--------- -------- -------- ---------
Income (loss) from operations (7,349) 1,166 (945) (7,128)
Interest expense, net 11,115 2,359 581 14,055
Other income (expense) 2,875 399 53 3,327
--------- -------- -------- ---------
Income (loss) before income taxes (15,589) (794) (1,473) (17,856)
Provision (benefit) for income taxes (5,817) (416) (567) (6,800)
--------- -------- -------- ---------
Net income (loss) (9,772) (378) (906) $ (11,056)
========= ======== ======== =========
Company Howell RPI Holdings Pro Forma
Pro Forma Pro Forma Pro Forma Combined
-------------- -------------- -------------- --------------
Six Months Period Six Months Six Months
Ended April 1, 1997 - Ended Ended
September 30, 1997 August 13, 1997 September 30, 1997 September 30, 1997
------------------ -------------- ------------------ ------------------
Net Sales $ 185,532 $ 34,329 $ 6,938 $ 226,799
Cost of Sales 167,030 31,189 8,015 206,234
--------- -------- -------- ---------
Gross Profit 18,502 3,140 (1,077) 20,565
Selling, general and administrative
expenses 8,007 1,651 181 9,839
Provision for equipment impairment
and non-recurring 0 0 0 0
--------- -------- -------- ---------
Income (loss) from operations 10,495 1,489 (1,258) 10,726
Interest expense, net 5,376 858 330 6,564
Other income (expense) 268 0 (22) 246
--------- -------- -------- ---------
Income (loss) before income taxes 5,387 631 (1,610) 4,408
Provision (benefit) for income taxes 2,116 269 (606) 1,779
--------- -------- -------- ---------
Net income (loss) 3,271 362 (1,004) $ 2,629
========= ======== ======== =========
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SIGNATURES
Pursuant to the requirements 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.
OXFORD AUTOMOTIVE, INC.
/S/ DONALD C. CAMPION
Donald C. Campion
Senior Vice President and
Chief Financial Officer
Dated: March 20, 1998