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 25, 2007
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC
(Exact name of registrant as specified in its charter)
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Delaware
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1-14303
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36-3161171 |
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification
Number) |
One Dauch Drive, Detroit, Michigan 48211-1198
(Address of principal executive offices) (zip code)
Registrants telephone number, including area code: (313) 758-2000
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 (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 5.02(e) Compensatory Arrangements of Certain Officers
On July 25, 2007, the Compensation Committee of the Board of Directors of American Axle &
Manufacturing Holdings, Inc. (the Company) approved the removal of the transfer and forfeiture
restrictions under awards of restricted stock granted to the Companys Co-Founder, Chairman
& Chief Executive Officer, Richard E. Dauch, in March of 2005, 2006 and 2007 (the Awards).
The restrictions were removed in connection with Mr. Dauchs attaining normal retirement
age under the Companys Retirement Program for Salaried Employees in order to align the
vesting of Awards with the recognition of taxable income under the Internal Revenue Code.
In addition, the Compensation Committee approved the amendment of restricted stock units
granted in tandem with the Awards to provide for immediate vesting and for payment in
January 2008. The Awards and the related restricted stock units were initially granted
under the Companys 1999 Stock Incentive Plan and subject to the terms of the Companys
standard forms of restricted stock unit and restricted stock unit
agreements for executive
officers under the Plan. The restricted stock and restricted stock units granted to Mr.
Dauch in connection with the extension of his employment agreement in November 2005 were not
affected by the amendments described above and will remain in effect in accordance with
their terms. Amendment No. 1 dated July 25, 2007 to the Restricted Stock Unit Award
Agreements between Mr. Dauch and the Company is
attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No. |
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Description |
99.1 |
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Amendment No. 1 dated as of July 25, 2007 to
the Restricted Stock Unit Award Agreements
dated as of March 15, 2005, March 15, 2006 and
March 14, 2007 between Richard E. Dauch and
American Axle & Manufacturing Holdings, Inc. |