Item 9.01 Financial
Statements and Exhibits.
(d)
Exhibits
.
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Exhibit
Number
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Description of Exhibit
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99.1
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Audited consolidated financial statements of Metaldyne Performance Group Inc. as of December 31, 2016 and 2015, and for each of the years in the three year period ended December 31, 2016 (including reports of independent
registered public accounting firms)
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99.2
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Financial Statement Schedule for each of the years in the three year period ended December 31, 2016, 2015, and 2014.
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99.3
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Audit report of independent registered public accounting firm on internal control over financial reporting as of December 31, 2016
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99.4
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Consent of Deloitte & Touche LLP, independent registered public accounting firm
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99.5
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Consent of KPMG LLP, independent registered public accounting firm
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The information contained in Items 2.02 and 9.01 of this Current Report on Form
8-K
shall be deemed filed for purposes of the Exchange Act.
Cautionary Note Regarding Forward-Looking Statements
This Current Form on 8-K and the Exhibits filed hereby contain certain forward-looking statements about the Companys financial results and
estimates and business prospects within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as expects, intends, anticipates,
plans, projects, believes, seeks, targets, forecasts, estimates, will or other words of similar meaning and include, but are not limited to, statements
regarding the outlook for the Companys
future business, prospects and financial performance; the industry outlook, our backlog and our 2016 financial guidance. Forward-looking statements are based on managements current
expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive,
market, regulatory, and other factors and risks, among them being: volatility in the global economy impacting demand for new vehicles and our products; a decline in vehicle production levels, particularly with respect to platforms for which we are a
significant supplier, or the financial distress of any of our major customers; cyclicality and seasonality in the light vehicle, industrial and commercial vehicle markets; our significant competition; our dependence on large-volume customers for
current and future sales; a reduction in outsourcing by our customers, the loss or discontinuation of material production or programs, or a failure to secure sufficient alternative programs; our failure to offset continuing pressure from our
customers to reduce our prices; our inability to realize all of the sales expected from awarded business or fully recover
pre-production
costs; our failure to increase production capacity or over-expanding our
production in times of overcapacity; our reliance on key machinery and tooling to manufacture components for powertrain and safety-critical systems that cannot be easily replicated; program launch difficulties; a disruption in our supply or delivery
chain which causes one or more of our customers to halt production; the damage to or termination of our relationships with key third-party suppliers; work stoppages or production limitations at one or more of our customers facilities; a
catastrophic loss of one of our key manufacturing facilities; failure to protect our
know-how
and intellectual property; the disruption or harm to our business as a result of any acquisitions or joint ventures
we make; a significant increase in the prices of raw materials and commodities we use; our failure to maintain our cost structure; the incurrence of significant costs if we close any of our manufacturing facilities; potential significant costs at
our facility in Sandusky, Ohio; the incurrence of significant costs, liabilities, and obligations as a result of environmental requirements and other regulatory risks; extensive and growing governmental regulations; the incurrence of material costs
related to legal proceedings; our inability to recruit and retain key personnel; any failure to maintain satisfactory labor relations; pension and other postretirement benefit obligations; risks related to our global operations; competitive threats
posed by global operations and entering new markets; foreign exchange rate fluctuations; our substantial indebtedness; our inability, or the inability of our customers or our suppliers, to obtain and maintain sufficient debt financing, including
working capital lines; our exposure to a number of different tax uncertainties; and the mix of profits and losses in various jurisdictions adversely affecting our tax rate.
For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other
cautionary statements that are included elsewhere in this Current Form on
8-K
or the Exhibits filed hereby and in our other public filings, including under the heading Risk Factors in our filings
that we make from time to time with the Securities and Exchange Commission. You should not consider any list of such factors to be an exhaustive statement of all the risks, uncertainties, or potentially inaccurate assumptions that could cause our
current expectations or beliefs to change. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances
after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.
Additional Information and Where to Find It
This
communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to
be solicitation material in connection with the proposed merger of the Company with Merger Sub, pursuant to which the Company would become a wholly-owned subsidiary of American Axle. In connection with the proposed merger, American Axle has filed
with the U.S. Securities and Exchange Commission (the
SEC
) a registration statement on
Form S-4
(File
No. 333-215161)
that includes a
preliminary joint proxy statement of the Company and American Axle and also constitutes a preliminary prospectus of American Axle. The Company and American Axle may also file other documents with the SEC regarding the proposed merger. INVESTORS ARE
URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders may obtain free copies of the joint proxy statement/prospectus (when available) and other documents if and when filed with the SEC by American Axle
and the Company through the
website maintained by the SEC at
www.sec.gov
. Copies of documents filed with the SEC by American Axle will be made available free of charge on American Axles investor relations
website. Copies of documents filed with the SEC by the Company will be made available free of charge on the Companys investor relations website.
Participants in the Solicitation
The Company and
its directors and executive officers may be deemed to be participants in the solicitation of proxies from its stockholders in respect of the proposed merger. Information regarding the Companys directors and executive officers is contained in
the Companys proxy statement for its 2016 Annual Meeting of Stockholders, which was filed with the SEC on April 11, 2016. Other information regarding the participants in the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, are contained in the joint proxy statement/prospectus (or will be contained in any amendments or supplements thereto) and other relevant materials to be filed with the SEC when they become
available.