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As filed with the Securities and Exchange Commission on May 16, 2000
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report: May 16, 2000
(Date of earliest event reported)
THE REYNOLDS AND REYNOLDS COMPANY
(Exact name of registrant as specified in the charter)
Ohio 1-10147 31-0421120
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
115 South Ludlow Street
Dayton, Ohio 45402
(Address of Principal Executive Offices)
(937) 485-2000
(Registrant's telephone number including area code)
n/a
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Pursuant to Form 8-K General Instruction F, the Registrant hereby
incorporates by reference the press release attached hereto as Exhibit 99.
Certain statements in the attached press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The forward-looking statements are based on
current expectations, estimates, forecasts and projections of future company or
industry performance based on management's judgment, beliefs, current trends and
market conditions. Forward-looking statements made or to be made by or on behalf
of the company may be identified by the use of words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar
expressions. Forward-looking statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions that are difficult to
predict. Actual outcomes and results may differ materially from what is
expressed, forecasted or implied in the forward-looking statements. See also the
discussion of factors that may affect future results contained in the company's
Current Report on Form 8-K filed with the SEC on February 9, 2000, which we
incorporate herein by reference. The company undertakes no obligation to update
any forward-looking statements, whether as a result of new information, future
events or otherwise.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
THE REYNOLDS AND REYNOLDS COMPANY
/s/ Adam M. Lutynski
------------------------------------------------
Adam M. Lutynski, General Counsel and Secretary
Dated: May 16, 2000
EXHIBITS
99 Press Release dated May 16, 2000
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EXHIBIT 99
FOR RELEASE: MAY 16, 2000 CONTACT: GM VSSM REBECCA HARRIS (313) 667-2642
GM CORP. LINDA MCGILL (313) 665-3151
REY PR PAUL GUTHRIE (937) 485-4216
REY IR MITCH HAWS (937) 485-4460
GENERAL MOTORS AND REYNOLDS AND REYNOLDS FORMING ALLIANCE TO
INTEGRATE AND SIMPLIFY AUTO RETAILING
DETROIT (May 16, 2000)...General Motors Corporation and The Reynolds and
Reynolds Company announced today a strategic alliance that will integrate and
simplify retailing processes and systems for GM's North American dealers.
Working in coordination with its dealers, GM and Reynolds will develop and
provide web-based retail information technology and services, that will
integrate GM's e-business information technology and dealer management systems
to offer consumers on-line and in-store experiences.
"The potential benefits of this alliance to our 8,000 plus dealers in North
America and their consumers who purchase 5.7 million vehicles per year are huge.
Consumers desire a simplified in-store and on-line shopping, buying and
ownership experience, while dealers want to provide a superior customer
experience, improve efficiencies and lower their operating costs within the
retail operation," according to Bill Lovejoy, GM group vice president, North
America Vehicle Sales, Service and Marketing. "In addition, by working with our
dealers and a lead-provider, like Reynolds, technology will be developed faster
in order to support and enhance the retail operating model, including e-business
capabilities."
This move puts GM with the assistance of Reynolds and Reynolds at the forefront
of a trend which Forrester Research, the international technology research
company, calls Channel Cooperation, where manufacturers and dealers, "...combine
efforts to acquire and satisfy empowered consumers by sharing customers,
margins, and brand." This allows GM to, in the words of Forrester's report,
"...reach out to channel partners to offer its support in serving and satisfying
empowered consumers." GM effectively harmonizes Web experience with the
dealer-customer experience, ultimately placing the customer in the figurative
and literal driver's seat.
Reynolds has been selected as GM's preferred provider for dealer management
systems and exclusive provider for dealer e-business technology based on its
market leadership in dealer solutions, its strong set of capabilities and its
strong existing strategic relationship with GM," according to Ralph Szygenda, GM
group vice president and chief information officer. In addition Szygenda added,
"The e-business retail technology developed, will be based on open standards and
will support existing dealer management systems including non-Reynolds systems.
Other vehicle manufacturers can also leverage Reynolds' capabilities to offer a
seamless environment to dealers."
"Reynolds is working with GM to integrate the entire retail value chain into a
networked model leveraging the best of the on-line and off-line world," said
Lloyd "Buzz" Waterhouse, President and COO of Reynolds. "The result will be
greater efficiencies and lower costs for retailers and car companies, and a far
superior consumer experience. We are excited by this challenge and delighted to
join GM on this journey."
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"This is a significant partnership for Reynolds, GM and the industry,"
said David R. Holmes, Reynolds' chairman and CEO. "This alliance builds on
Reynolds' long-standing relationship with GM and its dealers and gives us the
opportunity to truly participate in leading the transformation of automotive
retailing industrywide. Reynolds' deep knowledge of auto retailing and our
comprehensive e-business capabilities will benefit consumers, dealers and
manufacturers across the industry, and create value for Reynolds shareholders."
As part of the strategic alliance, GM will receive a 10% ownership position in
Reynolds and Reynolds, which will serve to strengthen the strategic alignment of
the two companies, solidify the business relationship and firmly establish GM's
commitment to e-business retail solutions. The memorandum of understanding
remains subject to obtaining regulatory and other approvals and execution of
definitive agreements.
General Motors (NYSE: GM), the world's largest vehicle manufacturer, designs,
builds, and markets cars and trucks worldwide. In 1999, GM earned $5.6 billion
on sales of $176.6 billion. It employs about 388,000 globally. GM is investing
aggressively in high technology and e-business within its global automotive
operations and through such initiatives as e-GM, GM BuyPower, OnStar and its
Hughes Electronics Corp. (NYSE: GMH) subsidiary. GM also operates one of the
world's largest and most successful financial institutions, GMAC. More
information on General Motors can be found at www.gm.com.
Reynolds and Reynolds (NYSE: REY), headquartered in Dayton, Ohio, is intent on
leading the transformation of worldwide automotive retailing with information
management, e-Customer Relationship Management and Internet solutions. The
company reported revenues of $1.56 billion for the fiscal year ended September
30, 1999. For more information on REY, visit the company's Web site at
www.reyrey.com or call the Information Hotline at 1-888-4REYREY.
