DELCO REMY INTERNATIONAL INC
S-1/A, 1997-12-12
MOTOR VEHICLE PARTS & ACCESSORIES
Previous: DELCO REMY INTERNATIONAL INC, S-1/A, 1997-12-12
Next: DELCO REMY INTERNATIONAL INC, S-1/A, 1997-12-12



<PAGE>
 
    
 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 12, 1997.     
                                                      REGISTRATION NO. 333-37675
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
 
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
 
                               ----------------
                               
                               AMENDMENT NO. 5     
                                      TO
                                    FORM S-1
                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933
 
                               ----------------
 
                         DELCO REMY INTERNATIONAL, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
                               ----------------
 
 
   2902 ENTERPRISE DRIVE, ANDERSON, INDIANA 46013, TELEPHONE: (765) 778-6499
  (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
 
                               ----------------
 
                              SUSAN E. GOLDY, ESQ.
                       VICE PRESIDENT AND GENERAL COUNSEL
                         DELCO REMY INTERNATIONAL, INC.
   2902 ENTERPRISE DRIVE, ANDERSON, INDIANA, 46013, TELEPHONE (765) 778-6799
   (ADDRESS INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                               AGENT FOR SERVICE)
 
                               ----------------
 
                                   COPIES TO:
 
    CHRISTOPHER G. KARRAS, ESQ.                        MARC S. ROSENBERG, ESQ. 
      DECHERT PRICE & RHOADS                          CRAVATH, SWAINE & MOORE   
     4000 BELL ATLANTIC TOWER                             WORLDWIDE PLAZA 
         1717 ARCH STREET                                825 EIGHTH AVENUE
PHILADELPHIA, PENNSYLVANIA 19103-2793                 NEW YORK, NEW YORK 10019 
         (215) 994-4000                                    (212) 474-1000
 
 
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
 
ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.
 
    (a) Exhibits
 
  The following exhibits are filed herewith unless otherwise indicated:
 
<TABLE>   
<CAPTION>
 EXHIBIT
 NUMBER                                DESCRIPTION
 -------                               -----------
 <C>     <S>
  1.1**  Form of Underwriting Agreement
  3.1**  Form of Certificate of Incorporation of the Company, as amended
  3.2**  By-laws of the Company
  4.1**  Specimen Class A Common Stock Certificate
  5.1    Opinion of Dechert Price & Rhoads, counsel to the Company
 10.1+   Light Duty Starter Motor Supply Agreement, dated July 31, 1994, by and
         between Delco Remy America, Inc. ("DRA") and General Motors
         Corporation ("GM")
         Heavy Duty Component Supply Agreement, dated July 31, 1994, by and
 10.2+   between DRA and GM
         Distribution and Supply Agreement, dated July 31, 1994, by and between
 10.3+   DRA and GM
         Trademark License, dated July 31, 1994, by and among DRA, DR
 10.4**  International, Inc. and GM
 10.5**  Tradename License Agreement, dated July 31, 1994, by and among DRA, DR
         International, Inc. and GM
         Partnership Agreement of Delco Remy Mexico S. de R.L. de C.V., dated
 10.6**  April 17, 1997
         Joint Venture Agreement, dated    , by and between Remy Korea
 10.7**  Holdings, Inc. and S.C. Kim
 10.8**  Securities Purchase and Holders Agreement, dated July 29, 1994, by and
         among the Company, CVC, WEP, MascoTech, Harold K. Sperlich, James R.
         Gerrity and the individuals named therein as Management Investors
 10.9**  Registration Rights Agreement, dated July 29, 1994, by and among the
         Company, CVC, WEP, MascoTech, Harold K. Sperlich, James R. Gerrity and
         the individuals named therein as Management Investors
 10.10** Employment Agreement, dated July 31, 1994, by and between Delco Remy
         International, Inc. and Thomas J. Snyder
 10.11** Form of Fourth Amended and Restated Financing Agreement, dated as of
            , 1997, among the Company, certain of the Company's subsidiaries
         signatories thereto and Bank One, Indianapolis, National Association
 10.12** Indenture, dated as of August 1, 1996, among the Company, certain of
         the Company's subsidiaries signatories thereto and National City Bank
         of Indiana, as trustee
 10.13** 8% Subordinated Debenture of DRA, due July 31, 2004 in favor of GM
         Contingent Purchase Price Note of DRA, in favor of GM, dated July 31,
 10.14** 1994
 10.15** Lease by and between ANDRA L.L.C. and DRA, dated February 9, 1995
         Lease by and between Eagle I L.L.C. and DRA        , Inc. dated August
 10.16** 11, 1995
 10.17** Subordination Agreement, dated July 31, 1994 by and among GM, the CIT
         Group/Business Credit, Inc. and World Subordinated Debt Partners, L.P.
 11.1**  Statement re Computation of Earnings per Share
 12.1**  Statement re Computation of Ratios
 21.1**  Subsidiaries of Registrant
 23.1**  Consent of Ernst & Young LLP (see page II-5)
 23.2**  Consent of Friedman & Fuller P.C. (See page II-6)
 23.3    Consent of Dechert Price & Rhoads included in Exhibit 5.1
 24.1    Power of Attorney included on Signature Page
</TABLE>    
- --------
 * To be filed by amendment.
** Previously filed.
   
 + Certain portions of the identified Exhibit have been omitted and separately
   filed with the Commission based upon a request for confidential treatment.
       
  (b) Financial Statement Schedules: None
 
                                     II-3

<PAGE>
 
                                  SIGNATURES
   
  PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE REGISTRANT
HAS DULY CAUSED THIS AMENDMENT NO. 5 TO THE REGISTRATION STATEMENT TO BE
SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED, IN THE
CITY OF ANDERSON AND STATE OF INDIANA ON DECEMBER 11, 1997.     
 
                                          DELCO REMY INTERNATIONAL, INC.
                                                     
                                          By:     Harold K. Sperlich     
                                              ---------------------------------
                                                HAROLD K. SPERLICH CHAIRMAN
   
  PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS AMENDMENT
NO. 5 TO THE REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS
IN THE CAPACITIES AND ON THE DATES INDICATED.     

<TABLE>     
 
<S>                                    <C>                       <C> 
       Harold K. Sperlich              Chairman (principal       December 11,
- -------------------------------------   executive officer)        1997 
         HAROLD K. SPERLICH             and Director        
 
                  *                    Executive Vice
- -------------------------------------   President and Chief
          DAVID L. HARBERT              Financial Officer
                                        (principal
                                        financial and
                                        principal
                                        accounting officer)
                                                                  
          E. H. Billig                 Director                  December 11,
- -------------------------------------                             1997
            E. H. BILLIG
 
                  *                    Director
- -------------------------------------
       RICHARD M. CASHIN, JR.
 
                  *                    Director
- -------------------------------------
         MICHAEL A. DELANEY
 
                  *                    Director
- -------------------------------------
          JAMES R. GERRITY
 
                  *                    Director
- -------------------------------------
          ROBERT J. SCHULTZ
 
                  *                    Director
- -------------------------------------
          THOMAS J. SNYDER
                                                                 
                                                                              
                                                                              
                                       *By: Thomas J. Snyder     December 11, 
                                            -----------------     1997        
                                               THOMAS J.
                                                SNYDER,
                                           ATTORNEY-IN-FACT

</TABLE>     
 
                                     II-7

<PAGE>
 
              [LETTERHEAD OF DECHERT PRICE & RHOADS APPEARS HERE]

                                                                     Exhibit 5.1


                                                December 9, 1997



Delco Remy International, Inc.
2902 Enterprise Drive
Anderson, IN 46013

      Re: Form S-1 Registration Statement
          Registration No. 33-37675
          -------------------------------

Gentlemen and Ladies:

      We have acted as counsel to Delco Remy International, Inc., a Delaware 
corporation (the "Company"), in connection with the preparation and filing of 
the Registration Statement on Form S-1 (Registration No. 33-37675), originally 
filed on October 10, 1997 with the Securities and Exchange Commission under the 
Securities Act of 1933, as amended (the "Securities Act"), and as subsequently 
amended by amendments thereto, filed on October 22, 1997, November 21, 1997, 
November 26, 1997 and an amendment to be filed today (the "Registration 
Statement"), relating to the proposed issuance of up to 4,000,000 shares (the 
"Shares") of Class A Common Stock, par value $.01 per share, of the Company 
("Common Stock") which will be sold to the Underwriters named in the 
Registration Statement pursuant to the Underwriting Agreement filed as Exhibit 
1.1 to the Registration Statement (the "Underwriting Agreement").

      We have participated in the preparation of the Registration Statement and 
have made such legal and factual examination and inquiry as we have deemed 
advisable for the rendering of this opinion. In making our examination we have 
assumed the genuiness of all signatures, the authenticity of all documents 
submitted to us as originals and the conformity to all authentic original 
documents of all documents submitted to us as copies.

      Based on the foregoing, it is our opinion that the Shares of Common Stock,
when sold to and purchased by the Underwriters in accordance with the terms of 
the Underwriting Agreement, will be duly authorized, validly issued, fully paid 
and non-assesable.

     The opinion expressed herein is rendered for your benefit in connection 
with the transaction contemplated herein. The opinion expressed herein may not 
be used or relied on by any other person, nor may this letter or any copies 
thereof be furnished to a third party, filed with a government agency, quoted, 
cited or otherwise referred to without our prior written consent, except as 
noted below.

<PAGE>
 
Delco Remy International, Inc.
December 9, 1997
Page

      We hereby consent to the filing of this opinion as an exhibit to the 
Registration Statement and to the use of our name in the Prospectus contained 
therein, under the caption "Legal Matters." In giving such consent we do not 
thereby admit that we are in the category of persons whose consent is required 
under Section 7 of the Securities Act.


                                                Very truly yours,



                                                DECHERT PRICE & RHOADS






© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission