<SEC-DOCUMENT>0001299933-16-002014.txt : 20160205
<SEC-HEADER>0001299933-16-002014.hdr.sgml : 20160205
<ACCEPTANCE-DATETIME>20160205141221
ACCESSION NUMBER:		0001299933-16-002014
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160204
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160205
DATE AS OF CHANGE:		20160205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GROUP 1 AUTOMOTIVE INC
		CENTRAL INDEX KEY:			0001031203
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				760506313
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13461
		FILM NUMBER:		161391612

	BUSINESS ADDRESS:	
		STREET 1:		800 GESSNER
		STREET 2:		SUITE 500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
		BUSINESS PHONE:		713-647-5700

	MAIL ADDRESS:	
		STREET 1:		800 GESSNER
		STREET 2:		SUITE 500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_53077.htm
<DESCRIPTION>LIVE FILING
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<TITLE> Group 1 Automotive, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	February 4, 2016
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	Group 1 Automotive, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	1-13461
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	76-0506313
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	800 Gessner, Suite 500, Houston, Texas
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	&nbsp;
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	77024
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	713-647-5700
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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<FONT SIZE="2">
	&nbsp;
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<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
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:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<B>
	Item 8.01 Other Events.
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<FONT SIZE="2">
U.K. Acquisition<br>On February 4, 2016, Group 1 Automotive, Inc. (the "Company") announced the acquisition of the Spire Automotive Group, which consists of twelve dealerships operating primarily in north and northwest London.<br><br>U.S. Dispositions<br>The Company also announced the divestiture of three dealerships, which included Mercedes-Benz and Volkswagen of Freehold, New Jersey, and Ira Toyota of Milford, Massachusetts.<br><br>Senior Management Appointments<br>The Company also announced that effective February 1, 2016, Frank Grese, Jr. was appointed senior vice president of human resources, training, and operations support, replacing Brooks O'Hara, whose retirement was announced previously.<br><br>Daryl A. Kenningham will replace Mr. Grese as Group 1's regional vice president of the west region, and David Fesmire will replace Mr. Kenningham as regional vice president of the east region.<br><br>Messrs. Grese, Kenningham, and Fesmire will report to Earl J. Hesterberg.<br><br>A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.<br>
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	Item 9.01 Financial Statements and Exhibits.
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<FONT SIZE="2">
99.1  Press Release of Group 1 Automotive, Inc. dated as of February 4, 2016.
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	SIGNATURES
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	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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	Group 1 Automotive, Inc.
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	&nbsp;&nbsp;
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<I>
	February 5, 2016
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<I>
	By:
</I>
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	&nbsp;
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<I>
	/s/ Darryl M. Burman
</I>
<BR>
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<I>
	Name: Darryl M. Burman
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	Title: Vice President
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	Exhibit&nbsp;Index
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	Exhibit No.
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	Description
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	99.1
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	&nbsp;
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Press Release of Group 1 Automotive, Inc. dated as of February 4, 2016.
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 11pt"><B>Exhibit&nbsp;99.1</B></FONT>



<P align="left" style="font-size: 11pt"><FONT style="font-size: 16pt"><img src="e42283-1635112877093b6904_1.jpg">
</FONT>

<P align="left" style="font-size: 16pt"><FONT style="font-size: 11pt"><I>FOR IMMEDIATE RELEASE</I>
</FONT>

<P align="left" style="font-size: 11pt"><FONT style="font-size: 14pt"><B>Group 1 Automotive Acquires Large U.K. Dealer Group</B>
</FONT><BR>
<FONT style="font-size: 13pt"><I>Also Announces Divestiture of 3 U.S. Dealerships & Names Senior Management Appointments</I>
</FONT>

<P align="left" style="font-size: 13pt"><FONT style="font-size: 11pt"><B>HOUSTON, February&nbsp;4, 2016 &#151; </B><U><B>Group 1 Automotive, Inc.</B></U> (<B>NYSE: GPI</B>), an international,
Fortune 500 automotive retailer, today announced that it acquired the Spire Automotive Group which
consists of 12 dealerships operating in the greater London metropolitan market. Additionally, the
Company announced the divestiture of three U.S. dealerships and made several senior management
appointments.
</FONT>

<P align="left" style="font-size: 11pt"><B><I>U.K. Acquisition</I></B>
<BR>
The Company acquired the Spire Automotive Group, which consists of twelve dealerships operating
primarily in north and northwest London. The group includes four Audi dealerships, three BMW/MINI
dealerships with a BMW Aftersales centre, two Seat dealerships, one Skoda dealership, one
Volkswagen commercial vehicle dealership, and one Jaguar dealership. These stores, which will
continue to operate under the Spire dealership brand name, are expected to generate approximately
$575&nbsp;million in annualized revenues.

&nbsp;

<P align="left" style="font-size: 11pt">&#147;We are pleased to expand our relationship with BMW and the Volkswagen Group in the U.K. and to
expand our relationship with Jaguar Land Rover from Brazil to the U.K. We are also delighted to
further leverage our scale and strong operating management team in the U.K.,&#148; said Earl J.
Hesterberg, Group 1&#146;s president and chief executive officer.


<P align="left" style="font-size: 11pt">The Company&#146;s U.K. operations are expected to generate approximately $1.8&nbsp;billion in estimated
annual revenues with the addition of these stores.&nbsp; This acquisition broadens the Company&#146;s U.K.
footprint to 29 dealerships, which includes existing BMW/MINI, Audi and Ford operations.


<P align="left" style="font-size: 11pt"><B><I>U.S. Dispositions</I></B>
<BR>
In the U.S., the Company divested three dealerships, which included Mercedes-Benz and Volkswagen of
Freehold, New Jersey, and Ira Toyota of Milford, Massachusetts. In total, these dealerships
generated approximately $160&nbsp;million in trailing-twelve-month revenues. The disposals are
consistent with Group 1&#146;s portfolio management strategy.


<P align="left" style="font-size: 11pt">&#147;We continually evaluate our portfolio of dealerships relative to required future capital
expenditures and current levels of return on investment and move to dispose of assets that do not
offer appropriate returns on invested capital,&#148; said Mr.&nbsp;Hesterberg.


<P align="left" style="font-size: 11pt"><B><I>Senior Management Appointments</I></B>
<BR>
As previously released, after serving 16&nbsp;years with the Company, Brooks O&#146;Hara, vice president of
human resources, has announced his retirement effective April&nbsp;1, 2016. In conjunction with this
transition, the Company implemented the following personnel changes effective, February&nbsp;1, 2016:



<P align="left" style="margin-left:3%; font-size: 11pt">Frank Grese Jr., is appointed senior vice president of human resources, training, and
operations support. Previously, Mr.&nbsp;Grese served as Group 1&#146;s regional vice president of the
west region since 2006.
<BR>
Daryl Kenningham is appointed as the new regional vice president of the west region. Mr.
Kenningham served as the regional vice president of the east region since joining the Company
in 2011.
<BR>
David Fesmire is appointed as the new regional vice president of the east region. Previously,
Mr.&nbsp;Fesmire served as market director of the Houston/Beaumont and Gulf Coast markets.


<P align="left" style="font-size: 11pt">Messrs.&nbsp;Grese Jr., Kenningham, and Fesmire will report directly to Earl Hesterberg, Group 1&#146;s
president and chief executive officer.


<P align="left" style="font-size: 11pt"><B>About Group 1 Automotive, Inc.</B>
<BR>
Group 1 owns and operates 162 <U>automotive dealerships</U>, 212 franchises, and 37 <U>collision
centers</U> in the United States, the United Kingdom and Brazil that offer 34 brands of
automobiles. Through its dealerships, the Company sells new and used cars and light trucks;
arranges related vehicle financing; sells service contracts; provides automotive maintenance and
repair services; and sells vehicle parts.


<P align="left" style="font-size: 11pt"><B>Group 1 Automotive can be reached on the Internet at </B><U><B>www.group1auto.com</B></U><B>.</B>
<BR>
This press release contains &#147;forward-looking statements&#148; within the meaning of the Private
Securities Litigation Reform Act of 1995, which are statements related to future, not past, events
and are based on our current expectations and assumptions regarding our business, the economy and
other future conditions. In this context, the forward-looking statements often include statements
regarding our goals, plans, projections and guidance regarding our financial position, results of
operations, market position, pending and potential future acquisitions and business strategy, and
often contain words such as &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;seeks,&#148;
&#147;should,&#148; &#147;foresee,&#148; &#147;may&#148; or &#147;will&#148; and similar expressions. While management believes that these
forward-looking statements are reasonable as and when made, there can be no assurance that future
developments affecting us will be those that we anticipate. Any such forward-looking statements are
not assurances of future performance and involve risks and uncertainties that may cause actual
results to differ materially from those set forth in the statements. These risks and uncertainties
include, among other things, (a)&nbsp;general economic and business conditions, (b)&nbsp;the level of
manufacturer incentives, (c)&nbsp;the future regulatory environment, (d)&nbsp;our ability to obtain an
inventory of desirable new and used vehicles, (e)&nbsp;our relationship with our automobile
manufacturers and the willingness of manufacturers to approve future acquisitions, (f)&nbsp;our cost of
financing and the availability of credit for consumers, (g)&nbsp;our ability to complete acquisitions
and dispositions and the risks associated therewith, (h)&nbsp;foreign exchange controls and currency
fluctuations, and (i)&nbsp;our ability to retain key personnel. For additional information regarding
known material factors that could cause our actual results to differ from our projected results,
please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date hereof. We undertake no obligation to
publicly update or revise any forward-looking statements after the date they are made, whether as a
result of new information, future events or otherwise.


<P align="left" style="font-size: 11pt">SOURCE: Group 1 Automotive, Inc.


<P align="left" style="font-size: 11pt"><B>Investor contacts:</B>
<BR>
Sheila Roth
<BR>
Manager, Investor Relations
<BR>
Group 1 Automotive, Inc.
<BR>
713-647-5741 | <U>sroth@group1auto.com</U>


<P align="left" style="font-size: 11pt"><B>Media contacts:</B>
<BR>
Pete DeLongchamps
<BR>
V.P. Manufacturer Relations, Financial Services and Public Affairs
<BR>
Group 1 Automotive, Inc.
<BR>
713-647-5770 | <U>pdelongchamps@group1auto.com</U>
<BR>
or
<BR>
Clint Woods
<BR>
Pierpont Communications, Inc.
<BR>
713-627-2223 | <U>cwoods@piercom.com</U>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
