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EX-99.1 - COOPER TIRE & RUBBER CO | v206038_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): December 14,
2010
COOPER
TIRE & RUBBER COMPANY
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(Exact
Name of Registrant as Specified in
Charter)
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Delaware
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001-04329
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344297750
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(State
or Other Jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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701 Lima Avenue, Findlay,
Ohio
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45840
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
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(419) 423-1321
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Not Applicable
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(Former
Name or Former Address, if Changed Since Last
Report)
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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:
|
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01. Other Events.
On
December 20, 2010, Cooper Tire & Rubber Company (the "Company") announced
that an agreement has been reached to increase the Company’s ownership in its
affiliated Mexico operations. The Company will increase its
percentage ownership position in Corporacion de Occidente SA de CV (“Occidente”)
from 38 percent to 58 percent and its percentage ownership position in Cooper
Tire & Rubber Company de Mexico SA de CV (“Cooper Mexico”) from 50 percent
to approximately 100 percent. The costs to increase its ownership
interests in both Occidente and Cooper Mexico is currently valued at
approximately $22 million. As a result of the increased ownership
position, which is currently expected to be effective January 1, 2011, Occidente
and Cooper Mexico will be fully consolidated into the Company’s 2011 financial
results.
Item
9.01. Financial Statements and Exhibits.
Exhibit
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Number
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Exhibit Description
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99.1
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Press
Release, dated December 20,
2010
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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.
COOPER
TIRE & RUBBER COMPANY
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By:
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Name:
Jack Jay McCracken
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Title:
Assistant
Secretary
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Date: December
20, 2010
Exhibit
Index
Exhibit
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Number
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Exhibit Description
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99.1
|
Press
Release, dated December 20,
2010
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