As filed with the Securities and Exchange Commission on February 11, 2000
UNITED STATES 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):
February 8, 2000
COOPER TIRE & RUBBER COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 1-4329 34-4297750
(State or other (Commission (I.R.S. employer
jurisdiction of File Number) identification no.)
incorporation)
Lima and Western Avenues, Findlay, Ohio 45840
(Address of principal executive offices)
(Zip Code)
(419) 423-1321
(Registrant's telephone number, including area code)
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<PAGE>
Item 5. Other Events
- ------ ------------
In 1999 the Company redefined its measurement of segment profit to exclude
interest expense and foreign currency gains/losses. The Company is restating
the earlier quarters of 1999 and the quarters of 1998 to reflect this change.
<TABLE>
SELECTED QUARTERLY DATA (Unaudited)
(Dollar amounts in thousands)
<CAPTION>
1999
-------------------------------------------------
First Second Third Fourth
Quarter Quarter Quarter Quarter
------- ------- ------- -------
<S> <C> <C> <C> <C>
Revenues from external customers:
Tire $352,062 $368,410 $424,310 $412,328
Automotive 115,825 126,942 107,573 293,302
Eliminations - - - (4,409)
------- ------- ------- -------
Net sales $467,887 $495,352 $531,883 $701,221
======= ======= ======= =======
Segment Profit:
Tire $ 37,197 $ 46,124 $ 47,960 $ 45,108
Automotive 16,105 17,418 9,419 19,749
------- ------- ------- -------
53,302 63,542 57,379 64,857
Other (3,678) (3,945) (3,510) (12,450)
------- ------- ------- -------
Income before
income taxes $ 49,624 $ 59,597 $ 53,869 $ 52,407
======= ======= ======= =======
<CAPTION>
1998
-------------------------------------------------
<S> <C> <C> <C> <C>
Revenues from external customers:
Tire $330,326 $347,544 $389,237 $377,228
Automotive 107,232 114,196 91,379 118,983
------- ------- ------- -------
Net sales $437,558 $461,740 $480,616 $496,211
======= ======= ======= =======
Segment Profit:
Tire $ 32,690 $ 36,499 $ 42,260 $ 43,793
Automotive 12,547 18,451 6,880 16,415
------- ------- ------- -------
45,237 54,950 49,140 60,208
Other (2,931) (3,222) (3,049) (2,116)
------- ------- ------- -------
Income before
income taxes $ 42,306 $ 51,728 $ 46,091 $ 58,092
======= ======= ======= =======
</TABLE>
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<PAGE>
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 hereunto duly authorized.
COOPER TIRE & RUBBER COMPANY
By: /S/ Eileen B. White
----------------------
Corporate Controller
(Principal Accounting Officer)
February 11, 2000
- -----------------
(Date)
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