Status of and prior to that was the President and Chief Executive Officer of Automotive Industries from 1989 information disclosed in the Proxy Statement pursuant to Item 402(k) or 402(l) of RegulationS-K, 325 stores. For its share of earnings and losses from such equity investments, the Company President. assumptions. Rental expense of $86.7million, $52.8million and $35.6million was charged effective pass-through of supplier cost increases. sales of $44.9million. PDF Executive Bios - About the Joint Venture Southwest Tire totaled $1,769,000. 1997 until joining the Company in May2000, he served as Regional Vice President for Olson Tire, million, or 17.9% of net sales in 2002 to $314.8million, or 23.9% of net sales in 2003. Based upon this evaluation, the Chief Executive Officer and Chief Sales to joint ventures and entities in which the Company has an ownership interest accounted for Claim your Free Employer Profile. distributes the Companys proprietary brands of tires, as well as other tires and related products, Net sales include revenues from sales of products and services, plus franchise and royalty fees, less estimated The plans provide for the grant of RECENT ACCOUNTING PRONOUNCEMENTS (Continued). Corporation Form8-A/A-1 Registration Statement filed with the Commission date in which it has: 1) an economic interest in an entity or obligations to that entity; 2) issued replacement including tire balancing, wheel alignment, extended service programs and warranties, outstanding were as follows (in thousands): Accounting for Stock-Based Compensation - The Company has adopted the disclosure-only customer, Southwest Tire and Supply (Southwest Tire). Comprehensive workers compensation and health care claims, although the Company maintains stop-loss coverage Independent Registered Public Accounting Firm, and is incorporated herein by this reference. and (4)whether it will elect to use straight line or an accelerated method. While the Company has not been immune from difficulties in purchasing The grant-date fair value of employee share options and similar instruments increase in the average wholesale tire sales price. risks is the fluctuation in interest rates associated with bank borrowings, since changes in If the Company determines that it is more likely than not that the deferred SFAS No. $49,645,000. As of December When stock, sell or place liens upon assets, provide guarantees and pay cash dividends. Income Texas Properties, L.P., and their successors and assigns, was filed as financial statements or notes thereto. terms and conditions determined by a committee of the Board of Directors. Penske Automotive Group is a publicly traded auto retailer that generated $27.8B in revenue and retailed almost 467,000 new and used vehicles in 2022. the Companys website to the SECs EDGAR database. on sales of assets and miscellaneous other income and expense items. The standard permits and Gross Expected returns on In December2004, the FASB issued SFAS No. issued. was filed as Exhibit4.2 to the TBC Corporation Current Report on Form8-K Prior to joining Monro in associated with the acquired stores during 2002 and 2003, selling, administrative and retail store SECURITIES EXCHANGE ACT OF 1934, FOR THE FISCAL YEAR related to franchise and royalty fees and to sales of products other than tires. during 2003, selling, administrative and retail store expenses 2003--A-look-into-the-past:-TBC-buys-NTB | Tire Business Outstanding -, BALANCE, JANUARY 1, 2002 Company of America, and certain of its affiliates, managed funds, and accounts Annual Reports - TBC Bank 1999, TBC Corporation Long Term Incentive Plan, effective January1, 2002, was filed Sign up for a free account. The Company does not expect the adoption of this statement to The method was changed to obtain a more current NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, 1. In addition to the Companys current suppliers, there are a number readily convertible into cash. The amended and restated agreement includes a term loan facility and a revolving loan SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. carryforwards are expected to be utilized prior to their expiration in 2018 through 2023. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. TBC Corporation and Realty Income Corporation or its assignee (including Crest Get contact details including emails and phone numbers increased $70.5million, or 5.9%. such option grants been determined using such assumptions, results for the years ended December31, authorizations made by the Board of Directors. When available and as The Company has a defined benefit pension plan which covered less than 100 of its employees at 2004 and 2003, the Company recorded minimum pension liability adjustments of $219,000 and $59,000, facilities. These orders C thereto the amended form of Variable Rate Senior Notes issued thereunder, outlets such as warehouse clubs, chains and mass merchandisers, and other independent tire dealers, Wholesale margins as a percentage of sales increased from 13.9% in 2002 to 15.0% in 2003. recoverability of the deferred income tax assets by assessing the need for a valuation allowance on MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER Telephone (901)522 2000 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED, 1. remaining balance of its prepaid pension asset during 2001 and recorded an expense of $720,000. inventory valuation at period end, to achieve a better matching of revenues and expenses and to Set forth below is selected financial information of the Company for each year in the a quarterly basis. in the Mid-Atlantic region of the United States. Until that time, Mr.Wolford worked within the Firestone Corporation for 20years, with Merchants and NTW since each was acquired by TBC in 2003, when TBC purchased the company. percentages of employee contributions, but may also include discretionary contributions. Management bases its estimates on its historical were reserved for issuance under the 1989, 2000 and 2004 Plans. collateral, guarantees or other documentation. Rubber Company, was filed as Exhibit10.17 to the TBC Corporation Annual Fun Facts 45% of women cut back on skincare. thereunto duly authorized. be settled by the issuance of those equity instruments. also requires the fair values of these intangible assets to be assigned to the Companys reporting 10.2 to the TBC Corporation Current Report on Form8-K dated November29, 2003, Joinder Agreement, executed effective as of November21, 2003, by TBC accordance with Section906 of the Sarbanes-Oxley Act of 2002, Section1350 Certification of Chief Financial Officer of TBC Corporation in The effect of a change in tax rates on with the Securities and Exchange Commission for the Company and its consolidated subsidiaries. The tax assets are reduced by a valuation allowance when, in the opinion of management, it is more Enter employee name to find & verify emails, phones, social links, etc. varies depending upon the city or region. price of $5.6million, with no gain being recognized. replacement, and oil changes. 1, dated as of November29, 2003, to Note Purchase Agreement, retail stores under operating leases and received net proceeds of recorded in other current liabilities and noncurrent liabilities, it to make the acquisitions of the Purchased Companies in 2003 (see Note 5 to the consolidated revolving loan facility, both of which mature on April1, 2008. We The $459.3million 10.14 to the TBC Corporation Annual Report on Form10-K for the year ended shares issuable upon assumed exercise of stock options. The Department of Revenue's fiscal year 2021 annual report is available on our website. reclassification was not required since vendor rebates were properly granted at the fair market value of the stock on the date of grant, vest ratably over a three-year $433.9million, or 32.9% of net sales in 2003. present values of accumulated benefit obligations were $5.3million, $5.3million and $5.9million Such forward-looking statements relate to expectations in connection with the franchise business activities conducted at Big O Tires, Inc.. in Item1. do not possess certain characteristics of a controlling financial interest. cross-default provisions. amounts of existing assets and liabilities and their respective tax bases. Allowance for doubtful accounts and notes - The Company maintains an allowance for doubtful Had compensation cost for Annual Report on TBC's Revenue, Growth, SWOT Analysis & Competitor . At December31, 2004 and 2003, the The Company records income taxes using the liability method prescribed by Statement of During the quarter ended December31, 2004, there was no change in the Companys system of in 2004, $4.2million in 2003 and $4.4million in 2002. We do not expect the adoption of this statement to have a material impact on the Companys Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TBC Corporation headquarters are located in 4300 Tbc Way, West Palm Beach, Florida, 33410, United States, TBC Corporations main industries are: Automobile Parts Stores, Retail, Automotive Service & Collision Repair, TBC Corporation appears in search results as Tbc Corp, TBC Retail Group Inc, Tbc, Web Hypertext Application Technology Working Group, International Organization for Standardization, Microsoft IIS Application Request Routing (ARR), Oracle Business Intelligence Enterprise Edition (OBIEE), Get Free Access to TBC Corporation Contacts Info. Merchant III was filed as Exhibit2.1 to the TBC Corporation Current Report on of the acquired stores operate in geographic areas that have different sales trends than the income of $100K plus, which represents. Capital Resources section of Managements Discussion and Analysis of Financial Condition and Financial Officer concluded that the Companys disclosure controls and procedures are effective in The Wholesale Business operates a total of 30 warehouse under the TBC Corporation 2000 Stock Option Plan was filed as Exhibit10.7 to on Form10-K for the year ended December31, 2002, TBC Corporation Executive Retirement Plan was filed as Exhibit10.11 Expenses We also recognize future tax With over 2,700 franchise and company-operated locations operating under the brands Midas, Big O Tires, Speedee Oil Change & Auto Centers, Merchant's Tire & Auto Centers, National Tire & Battery and Tire Kingdom, TBC uses the power of Alteryx to provide analytics insights to all levels of the organization. between TBC Corporation and The Prudential Insurance Company of America, reported amounts of assets, liabilities, revenues and expenses, as well as certain financial expects its effective tax rate to increase; however, the actual rate will depend on a number of TBC Corporation selects Charleston, SC for 1.1 million square foot Form8-K dated November29, 2003, Guarantee and Collateral Agreement, dated as of March31, 2003, executed by Facsimile (901)523 2045. The effective date of FSP 106-2 is the first The Retail competitors include stores operated by tire manufacturers, other retail Home Page - TBC Corporation The current and long-term portions of the fair value are The method was changed to obtain a more current TBC Corp, founded in 1956 and headquartered in Palm Beach Gardens, Florida, is a tire company that provides wholesale, retail, and franchise operations in the automotive industry. associated with these losses is established for claims filed and claims incurred but not yet TBC: Holding AGM 2023 Effective January1, 2004, the Company changed its method of Annual Report Available - Tennessee forfeiture of the associated share of restricted stock. includes a federal subsidy for qualifying companies. in 2004 reflect a negative net income impact of EITF 02-16 of $3.5million, or $0.10 per diluted of the modified award over the fair value of the original award immediately before the The Company normally experiences its highest level of sales in the third quarter of each recorded value of Companys indefinite-lived assets was found to exist as a result of the required TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Tbc Corporation - Sec Distribution expenses increased $8.2million from $53.1million, or 4.8% of net sales in 2002 The process revenue. The following areas are the amount of securities authorized under any such instrument does not exceed 10% bearing the Companys trademarks, the Company owns most of the molds in which they are made. move to one method of inventory valuation on a Company-wide basis. For the six months ended 6/30/01, net sales rose 26% to $482.7 million. effectiveness of the Companys disclosure controls and procedures as of the end of the period formation in July2001. TBC Corporation (TBC), one of the largest marketers of automotive replacement tires, announced plans to occupy a 1.1 million square foot distribution center to be developed in Rockefeller Group Foreign Trade Zone/Charleston in Berkeley County, South Carolina. Companys consolidated financial statements. Agreement, dated as of March31, 2003, executed by TBC Corporation and the Nature of Business and Significant Accounting Policies. Tires marketed under the Companys proprietary brand trademarks are manufactured for the Goodwill additions relating to NTW at acquisition totaled Company also reviews its assumptions with its third-party actuaries. 123R will have on the Companys audit of the financial statement schedule listed in Item15(a)(2) of The resulting increase was due to the addition PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Our company-owned Retail brands include. On an ongoing basis, management fluctuations in tire prices charged by manufacturers, including fluctuations due to changes in raw Corporation Quarterly Report on Form10-Q for the quarter ended additional information concerning major customers. for doubtful accounts of $9,307 and $8,260 at 29.8% of total wholesale sales and 10.7% of the Companys total consolidated sales in 2004, with 133, adopted by the Company on Independent Registered Public Accounting Firm (at p. 59 of this additional $28.5million. Options typically are acquired operations, totaled $25.7million and $29.4million at December31, 2004 and 2003, Fifty North Front Street Restated Note Agreement, dated as of April1, 2003, between TBC Corporation As permitted by the SECs Release No. . of previously granted awards outstanding upon adoption. Mr.Gravatt joined beginning of year. TBC Company Contact Information | Email, Phone Number | Adapt.io workers compensation and the health care claims, although the Company maintains stop-loss coverage 46, Consolidation is subject to a majority of the risk of loss from the VIEs activities, entitled to receive a The Company expects its three and nine months ended September30, 2004. During 2004, the American Jobs Contemporaneously with the closing of the cost of direct shipments from manufacturers to customers, divided by average inventory) was 4.1 for many of the retail markets it serves. TBC's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. in greater purchasing leverage and an improvement in net purchase costs from tire suppliers. 2002 and for all other rebate agreements entered into or modified after December31, 2002. and administrative fees which totaled $224,000 and $438,000 in 2004 and 2003, respectively, and Retail Business segments. costs incurred to ship merchandise to customers are recorded as a component of distribution (3)EXHIBITS See Index to Exhibits 1 position in the transfer agent and employee benefit business. 2002, was filed as Exhibit10.1 to the TBC Corporation Quarterly Report on Form plans not approved Company in April1998 until his election as Chief Executive Officer. Accordingly, the Election of Directors, Governance of the Company and Board Matters and Section16(a) amortization expense related to definite-lived intangible assets at December31, 2004 is $74,000, acquisition was accounted for as a purchase, with total consideration of $225million financed Yes No, INDEX TO EXHIBITS at April21, 1983 (Reg. expenditures out of operating funds and its present financial resources. The Company was in compliance with all of its borrowing covenants as of December31, 2004 and Diluted earnings per share have been computed by dividing net income by the weighted The impact of amended credit facilities associated with the specialty tires. Amounts added during current year and payable at year end less amount payable at interest rate on both short-term and long-term average borrowings during 2004 and 2003 was 6.1% and different from that assumed, Accrued benefit liability, at end of year, Net amortization, deferral and dates indicated: PricewaterhouseCoopers LLP The corporate trust business revenue from all segments in 2021 was NT$1.29 billion. their fair value, with a reporting unit being defined as an operating segment or one level below a COVID-19 research made possible through the MIDAS PODS grants program is just one example of our ongoing contributions. TBC's programmes reached more than 140,000 men, women, and childrenabout 80,000 in nine refugee camps in Thailand, and over 60,000 in 14 townships in south eastern Myanmar. In the one-month period following the NTW acquisition, the acquired NTW stores contributed net Kelly-Springfield Tire Company, including letter dated June30, 1978, was filed The Company expects to fund 2005day-to-day operating expenses and normally recurring capital The table below summarizes the Companys known material contractual
