FilingIndex
8-KThe DealStrategic

Acquisition / Disposition

Filed May 18, 2020 · 6y ago · Accession 0000040211-20-000043

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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): May 14, 2020 GATX Corporation (Exact name of registrant as specified in its charter)           New York   1-2328   36-1124040 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 233 South Wacker Drive Chicago , Illinois 60606 -7147 (Address of principal executive offices, including zip code) ( 312 ) 621-6200 (Registrant’s telephone number, including area code)  __________________________ 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 communication 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) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock GATX New York Stock Exchange     Chicago Stock Exchange 5.625% Senior Notes due 2066 GMTA New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.01 Completion of Acquisition or Disposition of Assets. On May 14, 2020, GATX Corporation ("GATX") completed the sale of its American Steamship Company (“ASC”) business to Rand Logistics, Inc. for approximately $260 million in cash, subject to customary post-closing adjustments. This is the final step in the sale of ASC to Rand Logistics, Inc., as previously reported on February 10, 2020. The unaudited pro forma financial information giving effect to the sale of ASC is filed herewith as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (b) Pro Forma Financial Information The following unaudited pro forma financial information of GATX is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference: • Unaudited Pro Forma Condensed Consolidated Balance Sheet as of March 31, 2020. • Unaudited Pro Forma Condensed Consolidated Statement of Income for the three months ended March 31, 2020. • Unaudited Pro Forma Condensed Consolidated Statement of Income for the year ended December 31, 2019. • Unaudited Pro Forma Condensed Consolidated Statement of Income for the year ended December 31, 2018. • Unaudited Pro Forma Condensed Consolidated Statement of Income for the year ended December 31, 2017. • Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements. (d) Exhibits       Exhibit No.    Description Filed with this Report: 99.1    GATX Corporation Unaudited Pro Forma Condensed Consolidated Financial Statements. 104   Cover Page Interactive Data File (embedded within the Inline XBRL document).       Incorporated by Reference: 2.1   Stock Purchase Agreement dated as of February 7, 2020, between GATX Corporation and Rand Logistics, Inc. is incorporated by reference to Exhibit 2.1 of GATX's Form 8-K dated February 10, 2020, file number 1-2328. 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.     GATX CORPORATION (Registrant)   /s/ Thomas A. Ellman Thomas A. Ellman Executive Vice President and Chief Financial Officer May 18, 2020
Filing details
Company
GATX CORP
Ticker
GATX
CIK
40211
Form type
8-K
Filing date
May 18, 2020
Report date
May 14, 2020
Document
gatx-20200518ascsale8xk.htm
Size
578 KB