SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): NOVEMBER 14, 2002
GROUP 1 AUTOMOTIVE, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 001-13461 76-0506313
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
950 ECHO LANE, SUITE 100
HOUSTON, TEXAS 77024
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (713) 647-5700
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release of Group 1 Automotive, Inc. dated as of November
14, 2002, announcing the authorization of an increase of its
stock repurchase program.
ITEM 9. REGULATION FD DISCLOSURE
On November 14, 2002, the Company issued a press release announcing
authorization by the Board of Directors to increase the Company's common stock
repurchase up to $42.7 million. Subject to market conditions, repurchases may be
effected from time to time through solicited or unsolicited transactions in the
market or in privately negotiated transactions. No limit was placed on the
duration of the repurchase program. Subject to applicable securities laws,
purchase decisions will be made by management of the Company based upon market
conditions and other factors. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2. of Form 8-K, the
information contained in such press releases shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
except as shall be expressly set forth by specific reference in such a filing.
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, thereunto duly authorized.
Group 1 Automotive, Inc.
November 14, 2002 By: /s/Scott L. Thompson
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Date Scott L. Thompson, Executive Vice President
Chief Financial Officer and Treasurer
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release of Group 1 Automotive, Inc. dated as of November 14,
2002, announcing the authorization of an increase of its stock
repurchase program.