Unassociated Document
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 24, 2010
DEALERTRACK
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-51653
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52-2336218
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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1111
Marcus Ave., Suite M04,
Lake
Success, NY 11042
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
telephone number, including area code: 516-734-3600
Not
Applicable
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:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Item 7.01
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Regulation
FD Disclosure.
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DealerTrack
Holdings, Inc. has announced that it will work with Asbury Automotive Group
(“Asbury”) to transition Asbury away from DealerTrack DMS. In
connection with Asbury’s IT strategic review, DealerTrack and Asbury have
concluded that it is not economic for DealerTrack to tailor its DMS to meet
Asbury’s new requirements. The transitioning of the DMS relationship
will not impact DealerTrack’s 2010 financial results. DealerTrack
will focus its DMS sales efforts against the full range of 17,000 automotive
dealerships and expects to continue to add many new dealership groups to its
customer ranks.
Asbury
will increase its purchase of other DealerTrack solutions and DealerTrack will
remain a preferred software provider to Asbury. In addition, Asbury
will use the DealerTrack credit application processing network as its preferred
credit application processing network in all Asbury stores where DealerTrack has
a corresponding relationship with that dealership’s captive finance
company.
Safe Harbor for
Forward-Looking and Cautionary Statements
Statements
in this press release regarding DealerTrack's ability to prevail on the merits,
the chances of a successful appeal, the benefit of DealerTrack refilling its
patents, and all other statements in this release other than the recitation of
historical facts are forward-looking statements (as defined in the Private
Securities Litigation Reform Act of 1995). These statements involve a number of
risks, uncertainties and other factors that could cause actual results,
performance or achievements of DealerTrack Holdings, Inc. to be materially
different from any future results, performance or achievements expressed or
implied by these forward-looking statements.
Factors
that might cause such a difference include: the impact of the transitioning of
the DMS relationship on DealerTrack’s 2010 financial results and other risks
listed in our reports filed with the Securities and Exchange Commission (SEC),
including our Annual Report on Form 10-K for the year ended December 31, 2009.
These filings can be found on DealerTrack's website at www.dealertrack.com and
the SEC's website at www.sec.gov. Forward-looking statements included herein
speak only as of the date hereof and DealerTrack disclaims any obligation to
revise or update such statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events or
circumstances.
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.
Date:
June 24, 2010
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DealerTrack
Holdings, Inc.
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By:
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/s/
Eric D. Jacobs
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Eric
D. Jacobs
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Senior
Vice President, Chief Financial Officer, Chief Administrative Officer and
Treasurer
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