ALLIED HOLDINGS, INC.
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 7, 2007
ALLIED HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
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Georgia
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0-22276
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58-0360550 |
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(State or Other Jurisdiction
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(Commission
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(IRS Employer |
of Incorporation)
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File Number)
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Identification No.) |
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160 Clairemont Avenue, Suite 200, Decatur, Georgia
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30030 |
(Address of Principal Executive Offices) (Zip Code) |
Registrants telephone number, including area code (404) 373-4285
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On February 7, 2007 at 8:00 p.m. eastern time, Hugh Sawyer, President and Chief Executive
Officer of Allied Holdings, Inc. (Allied or the Company), will host a listen-only conference
call that will be open only to employees of the Company and certain representatives of the
International Brotherhood of Teamsters (the U.S. Teamsters) to discuss the motion filed by the
Company with the U.S. Bankruptcy Court for the Northern District of Georgia to reject the
collective bargaining agreement between certain subsidiaries of the Company and the U.S. Teamsters.
Information provided by Mr. Sawyer on the conference call may include information that is material
and that has not previously been disclosed by Allied to the public. As a result, the Company is
furnishing as Exhibit 99.1 to this Current Report, the talking points to be used by Mr. Sawyer in
connection with the conference call. A copy of the motion was previously furnished by the Company
as Exhibit 99.1 to the Companys Current Report on form 8-K filed on February 5, 2007.
Statements included in Exhibit 99.1 to this Current Report that are not strictly historical
are forward-looking statements. Such statements include, without limitations, any statements
containing the words believe, anticipate, estimate, expect, intend, plan, seek, and
similar expressions. These forward- looking statements involve a number of risks and uncertainties
including risks and uncertainties relating to the following: Allieds ability to negotiate a new
collective bargaining agreement with its employees in the U.S. represented by the U.S. Teamsters;
the impact on the Company if the court denies Allieds motion to reject the collective bargaining
agreement with the U.S. Teamsters; labor disputes involving Allied or its significant customers;
the impact of the Chapter 11 proceedings and the related circumstances which could materially
affect the amounts of assets and liabilities included in the consolidated financial statements or
the Companys market share; risks associated with Allieds ability to obtain approval of and/or to
implement its plan of reorganization; risks associated with Allieds ability to obtain exit
financing to replace the Debtor-In-Possession Credit Facility; sufficient cash availability for the
Company to meet its working capital need; the ability to comply with the terms of our current debt
agreements and customer contracts; economic recessions or downturns in new vehicle production or
sales; the highly competitive nature of the automotive distribution industry; dependence on the
automotive industry and ongoing initiatives of customers to reduce costs; loss or reduction of
revenues generated by the Companys major customers or the loss of any such customers; the
variability of OEM production and seasonality of the automotive distribution industry; Allieds
highly leveraged financial position; Allieds ability to obtain financing in the future; Allieds
ability to fund future capital requirements; increased costs, capital expenditure requirements and
other consequences of the Companys aging fleet of Rigs as well as Rig purchasing cycles;
dependence on key personnel; and the availability of qualified drivers.
Many of these factors could cause Allieds actual results to differ materially from those
suggested by the forward-looking statements and are beyond the Companys ability to control or
predict. Allied cautions readers not to place undue reliance on the forward-looking statements and
Allied also disclaims any obligation to update or review forward-looking statements, except as may
be required by law.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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99.1 |
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Talking Points for Employee Conference Call to be held on February 7, 2007. |
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.
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ALLIED HOLDINGS, INC. |
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Dated: February 7, 2007
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By:
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/s/ Thomas H. King |
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Name: Thomas H. King
Title: Executive Vice President and Chief Financial Officer |
Exhibit Index
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Exhibit No. |
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Description of Exhibit |
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99.1
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Talking Points for Employee Conference Call to be held on
February 7, 2007. |