UNITED STATES
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): July 8, 2009
LEAR CORPORATION
(Exact name of registrant as specified in its charter)
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| Delaware
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1-11311
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13-3386776 |
| (State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification Number) |
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| 21557 Telegraph Road, Southfield, MI
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48033 |
| (Address of principal executive offices)
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(Zip Code) |
(248) 447-1500
(Registrant’s telephone number, including area code)
N/A
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 1 — Registrant’s Business and Operations
Item 1.03 Bankruptcy or Receivership.
On July 9, 2009, certain Canadian subsidiaries (“Canadian Debtors”) of Lear Corporation (“Lear”)
filed petitions for protection under section 18.6 of the
Companies’ Creditors Arrangement Act (the “CCAA”) in
the Ontario Superior Courts Commercial List (the “Canadian Court”). The Canadian Debtors are seeking relief consistent
with the relief sought by Lear and certain of its United States and
Canadian subsidiaries (the “Debtors”) in the
ongoing cases under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy
Court for the Southern District of New York (the “Court”) (Consolidated Case No. 09-14326) (the
“Chapter 11 Cases”), as previously disclosed. On
July 9, 2009, the Canadian Court entered an order recognizing
(i) the Chapter 11 Cases under section 18.6 of the CCAA
and (ii) all of the orders approved by the Court as described in
Item 8.01 below.
Section 8 — Other Events
Item 8.01 Other Events.
On
July 8, 2009, the Court approved certain first-day motions in the Chapter 11 Cases, including, without limitation, approval of an interim order
authorizing the use by the Debtors of their cash collateral (subject to certain specified terms and
conditions), orders authorizing the payment of suppliers, wages, salaries and other benefits to
employees and certain operating expenses, orders authorizing continued service to
customers and maintenance of customer programs, and orders
authorizing the continued use of Lear’s existing cash management system
and continuation of intercompany funding of Lear’s non-Debtor foreign
affiliates. On July 8, 2009, Lear issued a press release announcing
the approval of certain of the first-day motions by the Court. A copy of this press release is attached hereto as
Exhibit 99.1 and incorporated by reference herein.
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
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Exhibit Description |
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99.1
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Press release, dated July 8, 2009 |
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