Business Context and Reporting Period
Company: Cooper-Standard Holdings Inc.
Filing Type: Form 8-K (Current Report)
Report Date: May 14, 2008
Reporting Period: Fiscal quarter ended March 31, 2008
This filing serves to furnish a press release containing the results of operations for the quarter ended March 31, 2008. The company is a Delaware corporation with principal executive offices in Novi, Michigan.
Key Financial Metrics
The Form 8-K text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release (Exhibit 99.1), which is referenced but not reproduced in the filing text.
Non-GAAP Measures: The filing notes that the press release includes non-GAAP financial measures. Management utilizes these measures to evaluate performance and assess compliance with financial covenants related to indebtedness. A reconciliation to GAAP measures is included in the press release.
Material Changes
The filing text does not explicitly detail material changes versus the prior comparable period. It only confirms that the results of operations for the quarter ended March 31, 2008, are disclosed in the attached press release.
Guidance, Outlook, and Risks
Management Commentary: Management stated that the inclusion of non-GAAP measures provides investors with a better understanding of the metrics used to evaluate performance and debt covenant compliance.
Legal Status: The information in this Form 8-K and the attached exhibit shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 14, 2008) for specific revenue, earnings, and cash flow figures.
- Examine the reconciliation of non-GAAP financial measures to GAAP measures provided in the press release.
- Verify the company's compliance with financial covenants related to indebtedness as discussed in the non-GAAP analysis.
- Confirm that the press release contains no forward-looking guidance or risk factors not already disclosed in prior filings.