Business Context and Reporting Period
Company: Advance Auto Parts, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 19, 2013
Event: The filing addresses the post-closing integration of B.W.P. Distributors, Inc. ("BWP"), which was acquired on December 31, 2012. The Company merged all acquired affiliated subsidiaries into BWP and intends to add BWP as a Subsidiary Guarantor to its existing credit Facility and Notes.
Key Financial Metrics
This filing does not contain consolidated financial results (revenue, profit, cash flow, or margins) for Advance Auto Parts, Inc. for the current period. The document serves as a procedural filing to incorporate by reference the audited carve-out combined financial statements of B.W.P. Distributors, Inc. and Affiliates for the year ended October 25, 2012, which are located in Exhibit 99.1.
Material Changes
- Acquisition Integration: Completion of the merger of acquired BWP affiliated subsidiaries into the BWP entity following the December 31, 2012 acquisition.
- Debt Structure: Planned addition of BWP as a Subsidiary Guarantor to the Company's Facility and Notes to comply with Rule 3-10(g) of Regulation S-X.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors regarding future operations. The primary purpose is regulatory compliance to satisfy requirements for the Company's registration statement on Form S-3 (No. 333-166291) by providing the required financial statements for the acquired subsidiary.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific audited financial performance of B.W.P. Distributors, Inc. for the year ended October 25, 2012.
- Verify the execution of the subsidiary guarantee agreement adding BWP to the Company's Facility and Notes.
- Confirm the status of the Form S-3 registration statement (No. 333-166291) to ensure the incorporation of BWP financials is effective.