Initial Public Offering (IPO): Pre-Effective Amendment to Registration Statement (General Form) — Form S-1
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-1/A Amendment No. 1 to Registration Statement 6 50K
2: EX-10.02 Component Supply Agreement 209 615K
3: EX-10.02(A) Amend. No. 1 to Component Supply Agreement 2 11K
4: EX-10.02(B) Amend. No. 2 to Component Supply Agreement 2 11K
5: EX-10.02(C) Letter of Intent Dated Feb. 21, 1996 by G.M.T.G. 5 19K
6: EX-10.02(D) Letter of Intent Dated Feb. 21, 1996 by G.M.T.G. 3 18K
7: EX-10.02(E) Letter Agreement 13 71K
8: EX-10.02(F) Amended and Restated Memorandum of Understanding 39 261K
9: EX-10.02(G) Mou Extension Agreement 1 11K
10: EX-10.03 Gmcl Purchase Order Agreement 29 80K
11: EX-10.04 Am/Gmcl Supply Agreement 24 70K
12: EX-10.04(A) Amending Agreement Dated as of September 5, 1996, 1 10K
Between Aam, Inc. and Gmcl
13: EX-10.04(B) Amending Agreement Dated as of October 7, 1996, 1 11K
Between Aam, Inc. and Gmcl
14: EX-10.04(C) Amendment No. 1 to Aam/Gmcl Supply Agreement 1 10K
Dated February 17, 1994, Between Aam,
Inc. and Gmcl
15: EX-10.05 Agreement 1 10K
16: EX-10.05(A) Letter Dated December 13, 1996, by Aam, Inc. 4 24K
17: EX-10.08 Management Stock Option Plan 14 56K
18: EX-10.10 Indemnification Agreement 11 29K
19: EX-10.16 Aam Master Trust Pooling Agreement 130 425K
20: EX-10.16(A) Aam Master Trust Series 1997-A Supplement to 108 326K
Pooling Agreement
21: EX-10.17 Receivables Sale Agreement 72 317K
22: EX-10.18 Servicing Agreement 40 131K
23: EX-10.19 Agreement for Information Technology Services 106 330K
EX-10.05(A) — Letter Dated December 13, 1996, by Aam, Inc.
EX-10.05(A) | 1st Page of 4 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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Exhibit 10.05(a)
[LETTERHEAD OF AMERICAN AXLE & MANUFACTURING, INC.]*
December 13, 1996
Mr. Thomas Liem
Purchasing Manager
GMTG
2000 Centerpoint Parkway
Pontiac, MI 48341-3147
Dear Tom:
Re: 96-01 and 97-01 Capacity/Mix Programs
As you know, we have had several meetings as part of our Core Team activity
regarding the financial impact the above referenced programs will have on AAM
and how our two organizations can work together to address the challenges of the
capacity and mix change requirements.
It is worth restating several key points contained in the original 95-03T
submission letter to you dated August 9, 1996. Please be assured that AAM is
committed to fully support 96-01 and 97-01. However, several factors impact
AAM's business case for each of the programs. As previously stated, AAM existing
component prices were fixed at the *** levels, except for engineering changes.
Productivity/throughput improvements have been applied, along with Upside I and
Upside II capacity increases, in order to meet GMTG's increased schedule
requirements. Capacity to accommodate 96-01 and 97-01 does not exist. Therefore,
capital expenditures will be required to provide such capacity. Further, the
capacity plans have been requested of AAM in an incremental fashion, driving
investment inefficiencies when compared to what may have been a consolidated,
single program approach with the GMT800 investment.
The last paragraph of Section 3.3 of the Component Supply Agreement provides
among other things for a review of AAM's financial position as it relates to
capital expenditures and that GM and AAM agree to consider in good faith
Existing Component price increases. We feel an acceptable method to provide a
reasonable pay back on such investment would be a price increase on affected
products. Any such increase could of course be of a temporary nature sufficient
to accomplish this objective. A suggested pricing arrangement is enclosed for
your
--------------------
* Portions of this Exhibit 10.05(a) were omitted and filed separately with
the Secretary of the Securities and Exchange Commission (the "Commission")
pursuant to an application for confidential treatment filed with the
Commission pursuant to Rule 406 under the Securities Act of 1933, as
amended. Such portions are marked by the symbol "***".
Mr. Thomas Liem
Page 2
December 13, 1996
consideration. If you are willing to consider such an approach, we will be
prepared to discuss this matter in more detail at your convenience.
AAM requests the rebillable tooling for 96-01 and 97-01 be paid in quarterly
payments consistent with our GMT800 February 20, 1996 agreement. Rebillable
tooling amounts are based on supplier estimates and will be updated as firm
pricing is received. As you know, the required bridge banking for 96-01 has been
converted from a Lean Capacity Rate basis to a Maximum Capacity Rate basis.
Modifications to all premium charges to accomplish this will be detailed in a
separate correspondence.
The 96-01 investment continues to be made by AAM under the 120 day cancellation
charge acknowledgment letter from you dated December 8, 1996. In order to
facilitate the implementation of these program, AAM needs written concurrence on
the following on or before December 20, 1996:
o Rebillable tooling with quarterly payments.
o Bridge banking and selected component sourcing at MCR levels
as GM responsibility as evidenced by a letter of intent.
o An acceptable pricing arrangement to cover pay back of capital
expenditures.
Please contact me if you have any questions. We look forward to supporting the
ever increasing importance of light trucks and sport utilities in GM's vehicle
product portfolio.
Sincerely,
/s/ David C. Dauch
David C. Dauch
Director, GM FST Programs
Enclosure
cc: L. Chissus - GM
D. Demos - AAM
AMERICAN
AXLE &
MANUFACTURING
96-01
AAM CAPACITY PLAN
TO SUPPORT GM
[Enlarge/Download Table]
===========================================================================================================================
Daily
Volume Daily
GMT 800 Volume
Baseline 95-03T Volume Expected
GM-NAO GM-NAO Price Over Price Price Estimated
Products (LCR) (LCR) Increase* Increase* Increase* Tooling $ Lead Time
Affected 11-03-95 12-13-96 Per Unit Duration Duration (millions) Weeks
---------------------------------------------------------------------------------------------------------------------------
8 1/4 Front 2132 2571 *** 2,387,024 1/1/98- *** 72
Axle 12/31/01
----------------------------------------------------------------------------------------------------------------------------
9 1/4 Front 405 530 *** 485,332 1/1/98- *** 72
Axle 12/31/01
----------------------------------------------------------------------------------------------------------------------------
K-Aux 2454 3101 *** 2,873,064 1/1/98- *** 68
Propshaft 12/31/01
----------------------------------------------------------------------------------------------------------------------------
C/K Strg 2500 3338 *** 3,341,288 7/1/99- *** 68
Linkage 6/30/03
============================================================================================================================
* Price increase subject to change based on actual volumes attained in order
to provide a ***, and assumes GMT 800 Program timing remains on schedule
per GM-NAO LCR 2-13-96. Volume attainment to be mutually tracked and agreed
to by AAM and GM.
EX-10.05(A) | Last Page of 4 | TOC | 1st | Previous | Next | ↓Bottom | Just 4th |
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AMERICAN
AXLE &
MANUFACTURING
97-01
AAM CAPACITY PLAN
TO SUPPORT GM
[Enlarge/Download Table]
==================================================================================================================================
Daily Price Volume Expected
Volume Daily Increase Over Price Price Estimated
Products 96-01 Volume Per Increase Increase Tooling $ Lead Time
Affected Baseline 97-01 Unit Duration Duration (millions) Weeks
----------------------------------------------------------------------------------------------------------------------------------
7.25 1636 2014 *** 1,901,216 8/01/00- *** 80
Frt Axle 7/31/04
----------------------------------------------------------------------------------------------------------------------------------
8.25 2571 2795 *** 2,638,480 8/01/00- *** 80
Frt Axle 7/31/04
----------------------------------------------------------------------------------------------------------------------------------
9.25 534 749 *** 707,056 8/01/00- *** 80
Frt Axle 7/31/04
----------------------------------------------------------------------------------------------------------------------------------
7.625 4065 3923 *** N/A N/A *** N/A
Rear Axle
----------------------------------------------------------------------------------------------------------------------------------
8.6 Rear Axle 4504 4980 *** 4,701,120 8/01/00- *** 80
7/31/04
----------------------------------------------------------------------------------------------------------------------------------
9.5 Rear Axle 501 676 *** 638,144 8/01/00- *** 80
7/31/04
----------------------------------------------------------------------------------------------------------------------------------
10.5 794 591 *** N/A N/A *** N/A
Rear Axle
----------------------------------------------------------------------------------------------------------------------------------
11.5* 0 513 *** N/A N/A *** N/A
Rear Axle
----------------------------------------------------------------------------------------------------------------------------------
Linkage Various Various *** N/A N/A *** N/A
----------------------------------------------------------------------------------------------------------------------------------
Propshaft Various Various *** 9,484,368 8/01/00- *** 80
7/31/04
----------------------------------------------------------------------------------------------------------------------------------
Supplier Various Various *** Various N/A *** 80
==================================================================================================================================
Note: Price increase subject to change based on actual volumes attained in
order to provide a ***, and assumes GMT-800 program timing remains on
schedule per GM NAO LCR 9/25/96. Volume attainment to be mutually
tracked and agreed to by AAM and GM.
* Not included in 97-01 capacity/mix program - separate business case to be
provided.
Dates Referenced Herein
| Referenced-On Page |
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This ‘S-1/A’ Filing | | Date | | First | | Last | | | Other Filings |
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| | |
Filed on: | | 6/5/98 | | | | | | | None on these Dates |
| | 12/20/96 | | 2 |
| | 12/13/96 | | 1 | | 2 |
| | 12/8/96 | | 2 |
| | 8/9/96 | | 1 |
| | 2/20/96 | | 2 |
| List all Filings |
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