1 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): SEPTEMBER 25, 2001 ------------------ LEAR CORPORATION (Exact name of Registrant as specified in its charter) DELAWARE 1-11311 13-3386776 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification incorporation) Number) 21557 TELEGRAPH ROAD, SOUTHFIELD, MICHIGAN 48034 (Address of principal executive offices) (Zip Code) (248) 447-1500 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report)
2 ITEM 5. OTHER EVENTS This Form 8-K is being filed solely to file the press release issued by Lear Corporation on September 25, 2001, a copy of which is attached as Exhibit 99.1 and incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Press release issued September 25, 2001, filed herewith.
3 SIGNATURES 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 thereunto duly authorized. LEAR CORPORATION, a Delaware corporation Date: September 26, 2001 By: /s/ David C. Wajsgras ------------------------------------ Name: David C. Wajsgras Title: Vice President and Corporate Controller
4 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Press release issued September 25, 2001, filed herewith.
1 EXHIBIT 99.1 Lear Announces Impact of Production Cuts Southfield, Mich., September 25, 2001 -- Lear Corporation (NYSE: LEA) today reported the anticipated impact on the company's 2001 earnings of lower-than-projected vehicle production, primarily at Ford Motor Company's North American operations. Ford recently announced a reduction of 110,000 - 120,000 units from its third quarter North American production schedule. The anticipated impact to Lear's 2001 earnings per share from operations, assuming a 120,000-unit Ford reduction, is approximately $.17 per share. In addition, the company estimates that the impact on earnings per share from operations related to non-Ford production cuts to be as high as $.03 per share. Lear will discuss the outlook for the remainder of 2001 when the company releases earnings results for the third quarter on October 23, 2001. Lear Corporation, a Fortune 150 company headquartered in Southfield, Mich., USA, focuses on automotive interior systems, and is the world's fifth-largest automotive supplier. Sales in 2000 were $14.1 billion. The company's world-class products are designed, engineered and manufactured by over 100,000 employees in more than 300 facilities located in 33 countries. Information about Lear and its products is available on the Internet at www.lear.com. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results. Actual results may differ materially from the anticipated results as a result of certain risks and uncertainties, including but not limited to general economic conditions in the market in which Lear operates, fluctuations in the production of vehicles for which the Company is a supplier, our success in achieving cost reductions that offset or exceed customer selling price reductions, labor disputes involving the Company or its significant customers, risks associated with conducting business in foreign countries, increases in product warranty costs, raw materials shortages and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. These forward-looking statements are made as of the date hereof, and Lear does not assume any obligation to update them. # # #