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): June 2, 2008
THE COAST DISTRIBUTION SYSTEM, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 1-9511 | 94-2490990 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 350 Woodview Avenue, Morgan Hill, California | 95037 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (408) 782-6686
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 7.01 | Regulation FD Disclosure |
On June 2, 2008, The Coast Distribution System, Inc. issued a press release announcing that its Board of Directors had declared a cash dividend for its second quarter ending June 30, 2008, in the amount of $0.03 per share, that will be paid on June 27, 2008 to all stockholders of record as of June 13, 2008. This compares to a quarterly dividend of $0.07 per share paid in previous quarters, including the quarter ended March 31, 2008.
As set forth in that press release, the decision to reduce the quarterly dividend rate to $0.03 per share is in response to the continued softness in the Company’s core markets and the economic uncertainties that exist, which has led the Company to take steps to manage its cash resources. The foregoing description of the contents of the press release is qualified in its entirety by reference to that press release, a copy of which is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits. |
The following Exhibit is being furnished with this Report:
| Exhibit No. |
Description of Exhibit | |
| 99.1 |
Press Release issued June 2, 2008 announcing declaration of quarterly cash dividend of $0.03 per share for second quarter ending June 30, 2008. |
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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 hereunto duly authorized.
| THE COAST DISTRIBUTION SYSTEM, INC. | ||||
| Date: June 3, 2008 |
By: | /s/ SANDRA A. KNELL | ||
| Sandra A. Knell, Executive Vice President and Chief Financial Officer | ||||
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INDEX TO EXHIBITS
| Exhibit No. |
Description of Exhibit | |
| 99.1 |
Press Release issued June 2, 2008 announcing declaration of quarterly cash dividend of $0.03 per share for second quarter ending June 30, 2008. |
E-1