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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) AUGUST 30, 1999
AUTONATION, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
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(STATE OR OTHER JURISDICTION OF INCORPORATION)
1-13107 73-1105145
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(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
110 S.E. 6TH STREET
FT. LAUDERDALE, FLORIDA 33301
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (954)769-6000
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 August 27, 1999, AutoNation, Inc., (the "Company") reported that
William E. Lobeck will step down as President of the Company's Automotive Rental
Group. The rental group, which includes National Car Rental, Alamo Rent-A-Car
and CarTemps USA, will report to AutoNation's Chief Financial Officer, Michael
S. Karsner, until a permanent successor is named.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits
The Exhibits to this Report are listed in the Exhibit Index set
forth elsewhere herein.
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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.
AUTONATION, INC.
By: /s/ James O. Cole
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James O. Cole
Senior Vice President,
General Counsel and Secretary
Dated: August 27, 1999
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INDEX TO EXHIBITS
EXHIBIT EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release dated August 27, 1999.
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EXHIBIT 99.1
LOBECK STEPS DOWN AS PRESIDENT OF AUTONATION RENTAL GROUP; AUTONATION CFO TO
LEAD DIVISION ON INTERIM BASIS
FORT LAUDERDALE, Fla., Aug. 27 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN)
announced today that William E. Lobeck will step down as President of the
Company's Automotive Rental Group, effective immediately. The Company said that
the rental group, which includes National Car Rental, Alamo Rent-A-Car and
CarTemps USA, will report to AutoNation's Chief Financial Officer, Michael S.
Karsner, 41, until Lobeck's permanent successor is named.
The Company also said that a search for Lobeck's successor has begun.
AutoNation announced on August 2, 1999 that its Board of Directors has approved
a plan to separate the Automotive Rental Group from the Company's automotive
retail operations. The Company said today that it continues to examine a range
of strategic alternatives regarding the final form of separation.
AutoNation, Inc. is the world's largest automotive retailer, with 412 automotive
franchises and/or 42 AutoNation USA used vehicle megastores in 24 states. The
Company also operates the world's largest virtual dealership with more than 270
websites offering the largest selection of new and used vehicles on the
Internet.
SOURCE AUTONATION, INC.
CO: AUTONATION, INC.
