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EX-99.1 - EX-99.1 - GENUINE PARTS COexhibit1.htm






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):   September 26, 2011

Genuine Parts Company
(Exact name of registrant as specified in its charter)

Georgia 001-05690 58-0254510
(State or other jurisdiction
(I.R.S. Employer
of incorporation) File Number) Identification No.)
2999 Circle 75 Pkwy, Atlanta, Georgia   30339
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code:   770.953.1700

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:

[  ]  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 8.01 Other Events.

On September 26, 2011, Genuine Parts Company (NYSE: GPC) and the Exego Group ("Exego") announced today that they have entered into a definitive strategic agreement whereby Exego will issue new shares to Genuine Parts Company, representing a 30% stake in Exego for approximately $150 million (US$) in cash. Exego, headquartered in Melbourne, Australia, is a leading aftermarket distributor of automotive replacement parts and accessories in Australasia, with annual revenues of approximately $1 billion (US$) and a company-owned store footprint of more than 430 locations across Australia and New Zealand. Subject to regulatory approvals, the effective date of the investment is expected to be on or around December 1, 2011.

Genuine Parts Company will have the option to acquire the remaining shares of the Exego Group at a later date, subject to Exego meeting certain earnings thresholds.

A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated September 26, 2011


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.

    Genuine Parts Company
September 26, 2011   By:   Jerry W. Nix
        Name: Jerry W. Nix
        Title: Vice Chairman and CFO

Exhibit Index

Exhibit No.   Description

  Press Release dated September 26, 2011