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): January 10, 2011

Keystone Automotive Operations, Inc.

(Exact name of registrant as specified in its charter)

44 Tunkhannock Avenue

Exeter, Pennsylvania 18643

(Address of Principal Executive Offices, including Zip Code)

(800) 233-8321

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):

On January 10, 2011, Keystone Automotive Operations, Inc., A&A Auto Parts Stores, Inc.; American Specialty Equipment Corp.; Arrow Speed Acquisition, LLC; DriverFx.com, Inc.; KAO Management Services, LLC; KeyComp, Inc.; Keystone Automotive Distributors Company, LLC; Keystone Automotive Holdings, Inc.; Keystone Automotive Operations of Canada, Inc.; and Keystone Automotive Operations Midwest, Inc. (collectively, the “Company”) entered into a Restructuring Support Agreement (the “Support Agreement”) with Sphere Capital, LLC – Series A and Cetus Capital, LLC (collectively, the “Consenting Holders”). Subject to certain conditions, the Support Agreement provides, among other things, for the restructuring (the “Restructuring”) of the 9.75% Senior Subordinated Notes due 2013 (the “Senior Subordinated Notes”), the 8.0% Junior Subordinated Notes due 2011 and all of the equity interests of Keystone Automotive Holdings, Inc. through either (i) an out-of-court exchange offer (the “Exchange Offer”) or (ii) a prearranged or prepackaged plan of reorganization (the “Prepackaged Plan”) under chapter 11 of title 11 of the United States Code (“Chapter 11”). The terms of the Restructuring, under both the Exchange Offer and the Prepackaged Plan, contemplate paying all trade suppliers and employees in full and continuing to operate the Company’s business in the ordinary course. Subject to earlier termination, the Support Agreement will automatically terminate upon the earlier of the consummation of the Restructuring and June 15, 2011.

Pursuant to the Support Agreement, the Consenting Holders have agreed, among other things:

Pursuant to the Support Agreement, the Company has agreed, among other things:

In the event that the Company pursues the Restructuring pursuant to the Prepackaged Plan, the Company has agreed, among other things:

In connection with the Support Agreement, on January 10, 2011, the Company also entered into a Backstop Stock Purchase Agreement (the “Purchase Agreement”) with the Consenting Holders to facilitate the offering (the “Rights Offering”) of $60.0 million of non-transferable, non-certificated rights (“Rights”) to acquire shares of the new common stock of the restructured Company (the “Shares”) in conjunction with the proposed Restructuring. Pursuant to the Purchase Agreement, the Consenting Holders have agreed to purchase Rights to acquire any Shares that are not sold in the Rights Offering, at the exercise price applicable to the purchase of such Shares. In exchange for this commitment, the Company has agreed to provide the Consenting Holders a backstop commitment fee equal to 6% of the Shares offered through the Rights Offering solely to the extent the Rights Offering is consummated.

The foregoing summary description of the Support Agreement and the Purchase Agreement and the transactions contemplated thereby does not purport to be complete and is subject to and qualified in its entirety by reference to the Support Agreement and the Purchase Agreement, copies of which are attached hereto as Exhibits 10.1 and 10.2 and the terms of which are incorporated herein by reference.

The information set forth in Item 1.01 is incorporated herein by reference.

(d) Exhibits:

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized in the Borough of Exeter, Pennsylvania on January 14, 2011.

EXHIBIT INDEX