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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) April 15, 1999
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ADVANCED ACCESSORY SYSTEMS, LLC
(Exact name of registrant as specified in its charter)
DELAWARE 333-49011 13-3848156
(State of Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
12900 HALL ROAD
SUITE 200
STERLING HEIGHTS, MICHIGAN 48313
(Address of principal executive
offices including Zip Code)
(810) 997-2900
(Registrant's telephone number,
including area code)
N.A.
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On April 15, 1999, Terence C. Seikel, the Company's Vice President for
Finance and Administration and Chief Financial Officer, was named President and
Chief Executive Officer of the Company. Mr. Seikel replaces Marshall D.
Gladchun, whose employment with the Company and its affiliates was terminated on
April 15, 1999. Also on April 15, 1999, Richard E. Borghi, the Executive Vice
President and Chief Operating Officer of SportRack, LLC, the Company's wholly
owned subsidiary, was named President of SportRack. Notice of the termination
of Mr. Gladchun's employment is the subject of a press release issued by the
Company on April 15, 1999, a copy of which is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ADVANCED ACCESSORY SYSTEMS,
LLC
(Registrant)
Dated: April 21, 1999 By: /s/ Terence C. Seikel
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Name: Terence C. Seikel
Title: Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description Page
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99.1 Press Release dated April 15, 1999 1
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE: Thursday, April 15, 1999
Via PR Newswire to Detroit business and automotive editors
STERLING HEIGHTS, MI-The Board of Managers of Advanced Accessory Systems
today announced the appointment of Terence C. Seikel, formerly Chief Financial
Officer, as President and Chief Executive Officer.
The Board also appointed Richard E. Borghi, formerly Executive Vice
President, as President and Chief Operating Officer of the SportRack operations
of AAS. Messrs. Seikel and Borghi were elected to the Board of Managers of AAS.
Marshall D. Gladchun, President and CEO since 1995, has left the company to
pursue other interests. The Board expressed its appreciation to Mr. Gladchun for
his vision and leadership in the early stages of the company's formation and
wished him the best in his future endeavors.
"We are in a strong position after last year's record sales of approximately
$300 million and will continue to expand our position as the world's leading
supplier of automotive OEM and aftermarket exterior accessories," Chairman F.
Alan Smith said, "This re-alignment of our top management provides a
continuation of experienced and dedicated leadership to capitalize on our future
opportunities."
Contact: Bruce G. MacDonald 248 647 1189
