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GENUINE PARTS CO : Other Events, Financial Statements and Exhibits (form 8-K)

06/30/2020 | 05:07pm

Item 8.01 Other Events

On June 30, 2020, Genuine Parts Company ("the Company") completed the sale of
its S.P. Richards operations through two separate transactions. The Company has
sold S.P. Richards' core U.S. operations to an investor group led by industry
professionals and has sold S.P. Richards' Supply Source Enterprises business,
comprised of The Safety Zone and Impact Products operations, to an affiliate of
H.I.G. Capital. Both transactions are effective today. The Company expects to
use the net cash proceeds from the transactions to enhance its cash position for
capital allocation and to repay debt.

A copy of the press release is furnished with this Current Report on Form 8-K as
Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
Exhibit Number Description

99.1 Press Release dated June 30, 2020
The cover page from this current report on Form 8-K, formatted in inline
104 XBRL


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