M&A - STANDARD MOTOR PRODUCTS, INC.

Form Type: ARS

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000009338925000025

Filing Summary: On April 15, 2025, Standard Motor Products, Inc. announced the completion of its acquisition of Nissens, which is recognized as the largest transaction in the company's history. This strategic acquisition is expected to provide numerous benefits including geographic expansion, a more diverse customer base, enhanced cross-selling opportunities, and significant cost savings potential. The integration of Nissens into Standard Motor Products is anticipated to yield positive results with teams already engaged in various sales growth and cost savings initiatives. The company is focusing on development opportunities to drive continued profitability and growth, especially in the face of economic uncertainties and volatility. Standard Motor Products reported record sales across all segments in 2024, reinforcing its operational strength and preparedness for future challenges.

Form Type: 8-K/A

Filing Date: 2025-01-17

Corporate Action: Acquisition

Type: Update

Accession Number: 000009338925000003

Filing Summary: On November 1, 2024, Standard Motor Products, Inc. filed a Current Report on Form 8-K reporting the completion of its acquisition of 100% of SMP Nissens III ApS, formerly known as AX V Nissens III ApS, and its direct and indirect subsidiaries, collectively referred to as Nissens Automotive. This Form 8-K/A is an amendment to the Original Form 8-K and includes the required audited consolidated financial statements of Nissens Automotive for the fiscal years ended April 30, 2024, and 2023, as well as the unaudited pro forma combined financial information of the Company and Nissens Automotive. The pro forma information includes the combined balance sheet as of September 30, 2024, and the statements of operations for the nine months ended September 30, 2024, and the year ended December 31, 2023, reflecting the financial impacts of the Acquisition. Additional exhibits attached include an independent auditor’s consent and relevant financial statements, providing a comprehensive overview of the financial statuses pre- and post-acquisition.