UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section l3 and l5(d) of the
Securities Exchange Act of l934
November 2, 2006
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Date of report (date of earliest event reported)
STANDARD PARKING CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-50796 16-1171179
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(Commission File Number) (IRS Employer Identification No.)
900 N. Michigan Avenue, Suite 1600, Chicago, Illinois 60611
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(Address of Principal Executive Offices) (Zip Code)
(312) 274-2000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(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 (see General Instruction A.2. below):
|_| 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))
Item 5.01. Changes in Control of Registrant.
The Company has been made aware that its majority shareholder, Steamboat
Industries LLC ("stocktickerSIL"), has, as of November 2, 2006, refinanced
certain of its indebtedness, and thereby obtained the release of the pledge with
respect to 432,616 shares (the "Previously Pledged Shares") of common stock
owned by SIL securing such indebtedness, and has repledged to an unaffiliated
financial institution ("Financial Institution"), as agent for certain
unaffiliated lenders, in connection with a financing transaction
("Refinancing"), such Previously Pledged Shares (together with the shares
previously pledged to the Financial Institution in connection with the
Refinancing, collectively, the "Pledged Shares"). In the event that the Pledged
Shares are foreclosed upon following default of the obligations secured thereby,
then a change of control of the Company shall occur, and PersonNameJohn V.
Holten would no longer control a majority of the voting power of the Company.
SIGNATURE
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.
STANDARD PARKING CORPORATION
November 6, 2006 By:/s/ G. MARC BAUMANN
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G. Marc Baumann
Chief Financial Officer