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 10, 2009
STANDARD
MOTOR PRODUCTS, INC.
(Exact
Name of Registrant as Specified in its Charter)
|
New
York
(State
or Other
Jurisdiction
of Incorporation)
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1-4743
(Commission
File Number)
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11-1362020
(I.R.S.
Employee
Identification
Number)
|
37-18
Northern Boulevard, Long Island City, New York 11101
(Address
of Principal Executive Offices, including Zip Code)
Registrant’s
Telephone Number, including Area Code: 718-392-0200
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Item
8.01. Other Events
15% Unsecured Promissory
Note due April 15, 2011
On July
10, 2009, the Company entered into a Note Purchase Agreement with certain
directors and executive officers of the Company and the trustees of the
Company’s Supplemental Executive Retirement Plan (collectively, the
“Purchasers”). Pursuant to the Note Purchase Agreement, the Company
issued to the Purchasers unsecured subordinated promissory notes bearing
interest at the rate of 15% per annum and maturing on April 15, 2011 in the
aggregate principal amount of $5.4 million. The Company may prepay
all or any portion of the promissory notes, without penalty, at any time or from
time to time prior to the maturity date, subject to borrowing availability
thresholds contained in the Company’s revolving credit
facility. Proceeds of the promissory notes will be used to repay a
portion of the remaining balance of the Company’s 6¾% Convertible Subordinated
Debentures at maturity on July 15, 2009.
SIGNATURE
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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STANDARD
MOTOR PRODUCTS, INC. |
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By:
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/s/
James J. Burke |
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James
J. Burke |
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Vice
President Finance, Chief Financial Officer |
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Date:
July 13, 2009