SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________
Amendment No. 5
Schedule TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
____________________________
AutoNation, Inc.
(Name of Subject Company (Issuer) and Filing Person (Offeror))
____________________________
Common Stock, par value $0.01 per share
(Titles of Class of Securities)
____________________________
05329W102
(CUSIP Number of Class of Securities)
____________________________
JONATHAN P. FERRANDO
EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
AUTONATION, INC.
AUTONATION TOWER
29th FLOOR
110 SE 6th STREET
FORT LAUDERDALE, FL 33308
(954) 769-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications on Behalf of the Filing Persons)
____________________________
Copy to:
GARY P. CULLEN
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
333 W. WACKER DRIVE
CHICAGO, IL 60606
CALCULATION OF FILING FEE
=========================================== ====================================
Transaction Valuation(1) Amount of Filing Fee(2)
------------------------------------------- ------------------------------------
$1,150,000,000 $123,050
=========================================== ====================================
(1) Estimated solely for purposes of calculating the filing fee only, based
on the purchase of 50,000,000 shares of common stock at the offer price
of $23.00 per share.
(2) The amount of the filing fee, calculated in accordance with Rule 0-11 of
the Securities and Exchange Act of 1934, as amended, equals $107.00 per
million of the value of the transaction.
[X} Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $123,050 Filing Party: AutoNation, Inc.
Form or Registration No.: Schedule TO Date Filed: March 10, 2006
[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[ ] third-party tender offer subject to Rule 14d-1.
[X] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
results of the tender offer: [ ]
This Amendment No. 5 amends and supplements the Tender Offer Statement
on Schedule TO ("Schedule TO") filed with the Securities and Exchange Commission
(the "Commission") on March 10, 2006, Amendment No. 1 to Schedule TO filed with
the Commission on March 28, 2006, Amendment No. 2 to Schedule TO filed with the
Commission on April 3, 2006, Amendment No. 3 to Schedule TO filed with the
Commission on April 5, 2006 and Amendment No. 4 to Schedule TO filed with the
Commission on April 6, 2006 by AutoNation, Inc., a Delaware corporation
("AutoNation" or the "Company"), pursuant to Rule 13e-4 under the Securities
Exchange Act of 1934, as amended, in connection with AutoNation's offer to
purchase for cash up to 50,000,000 shares of its common stock, par value $0.01
per share, or such lesser number of shares of Common Stock as are properly
tendered and not properly withdrawn (the "Shares"), at a price of $23.00 per
Share, net to the seller in cash, without interest. AutoNation's offer is being
made upon the terms and subject to the conditions set forth in the Offer to
Purchase, dated March 10, 2006 ("Offer to Purchase"), and in the related Letter
of Transmittal ("Letter of Transmittal") which, as amended or supplemented from
time to time, together constitute the Offer.
All information in the Offer to Purchase and in the related Letter of
Transmittal is hereby expressly incorporated in this Amendment No. 5 to Schedule
TO by reference in response to all of the applicable items in Schedule TO,
except that such information is hereby amended and supplemented to the extent
specifically provided herein.
ITEM 11. ADDITIONAL INFORMATION
Item 11 of the Schedule TO is hereby amended and supplemented by adding the
following:
1. On April 6, 2006, the Company issued a press release announcing an updated
earnings estimate for the fiscal quarter ended March 31, 2006. The press
release is incorporated herein by reference to Exhibit 99.1 to the
Company's Form 8-K filed on April 6, 2006.
ITEM 12. EXHIBITS
The information set forth in Item 12 is hereby amended and supplemented
by adding the following exhibits:
(a)(1)(Q) AutoNation's Form 8-K filed on April 6, 2006.
2
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
AUTONATION, INC.
By: /s/ Jonathan P. Ferrando
--------------------------------------
Name: Jonathan P. Ferrando
Title: Executive Vice President,
General Counsel and Secretary
Date: April 6, 2006
INDEX TO EXHIBITS
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(a)(1)(A)* Offer to Purchase dated March 10, 2006.
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(a)(1)(B)* Letter of Transmittal.
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(a)(1)(C)* Notice of Guaranteed Delivery.
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(a)(1)(D)* Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
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(a)(1)(E)* Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and
Other Nominees.
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(a)(1)(F)* Press Release dated March 10, 2006.
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(a)(1)(G)* Summary Advertisement.
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(a)(1)(H)* Letter to Participants in the AutoNation, Inc. 401(k) Plan.
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(a)(1)(I)* Letter to Stock Option Holders.
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(a)(1)(J) Annual Report on Form 10-K for the year ended December 31, 2005, filed on March 3, 2006.
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(a)(1)(K) Press release dated March 24, 2006 (incorporated by reference to Exhibit 99.1 to
AutoNation's Form 8-K filed on March 24, 2006).
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(a)(1)(L) Press release dated March 27, 2006 (incorporated by reference to Exhibit 99.1 to
AutoNation's Form 8-K filed on March 27, 2006).
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(a)(1)(M) AutoNation's Form 8-K filed on April 3, 2006.
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(a)(1)(N) AutoNation's Form 8-K filed on April 5, 2006.
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(a)(1)(O)** Reminder Notice to Participants in the AutoNation, Inc. 401(k) Plan.
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(a)(1)(P) AutoNation's Form 8-K filed on April 6, 2006.
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(a)(1)(Q) AutoNation's Form 8-K filed on April 6, 2006.
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(b) Not applicable.
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(d)(1)* Letter Agreement, dated March 6, 2006, regarding agreement by ESL Investments, Inc. and
certain affiliated entities to tender all of their shares in the tender offer.
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(d)(2) AutoNation, Inc. 1991 Stock Option Plan, as amended to date (incorporated by reference
to Exhibit 10.1 to AutoNation's Quarterly Report on Form 10-Q for the quarter ended June
30, 2000).
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(d)(3) AutoNation, Inc. 1995 Amended and Restated Employee Stock Option Plan, as amended to
date (incorporated by reference to Exhibit 10.2 to AutoNation's Quarterly Report on Form
10-Q for the quarter ended June 30, 2000).
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(d)(4) AutoNation Enterprises Incorporated Amended and Restated 1995 Employee Stock Option
Plan, as amended to date (incorporated by reference to Exhibit 10.3 to AutoNation's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2000).
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(d)(5) AutoNation, Inc. Amended and Restated 1995 Non-Employee Director Stock Option Plan
(incorporated by reference to Exhibit 10.10 to AutoNation's Annual Report on Form 10-K
for the year ended December 31, 1998).
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(d)(6) AutoNation, Inc. Amended and Restated 1997 Employee Stock Option Plan, as amended to
date (incorporated by reference to Exhibit 10.4 to AutoNation's Quarterly Report on Form
10-Q for the quarter ended June 30, 2000).
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(d)(7) AutoNation, Inc. Amended and Restated 1998 Employee Stock Option Plan, as amended to
date (incorporated by reference to Exhibit 10.5 to AutoNation's Quarterly Report on Form
10-Q for the quarter ended June 30, 2000).
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(d)(8) AutoNation, Inc. Senior Executive Incentive Bonus Plan (incorporated by reference to
Exhibit A to AutoNation's Proxy Statement on Schedule 14A filed with the Commission on
April 12, 2002).
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(d)(9) AutoNation, Inc. Deferred Compensation Plan (incorporated by reference to Exhibit 10.1
to AutoNation's Form 8-K filed on November 23, 2005)
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(d)(10) Employment Agreement dated December 30, 2004, between AutoNation, Inc. and Michael J.
Jackson, Chairman and Chief Executive Officer (incorporated by reference to Exhibit 10.1
to AutoNation's Form 8-K filed on January 3, 2005).
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(d)(11) Amendment No. 1 dated March 25, 2005 to December 30, 2004 Employment Agreement with
Michael J. Jackson (incorporated by reference to Exhibit 10.15 to AutoNation's Form 8-K
filed on March 31, 2005).
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(d)(12) Letter Agreement dated March 26, 1999 between AutoNation, Inc. and Michael E. Maroone,
President and Chief Operating Officer (incorporated by reference to Exhibit 10.1 to
AutoNation's Quarterly Report on Form 10-Q for the quarter ended September 30, 1999).
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(d)(13) Employment Agreement dated July 27, 2005, between AutoNation, Inc. and Michael E.
Maroone, President and Chief Operating Officer (incorporated by reference to Exhibit
10.1 to AutoNation's Form 8-K filed on July 27, 2005).
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(d)(14) Letter Agreement dated April 18, 2000 between AutoNation, Inc. and Craig T. Monaghan,
Chief Financial Officer (incorporated by reference to Exhibit 10.6 to AutoNation's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2000).
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(d)(15) Form of Stock Option Agreement for stock options granted under the AutoNation, Inc.
employee stock option plans (incorporated by reference to Exhibit 10.12 to AutoNation's
Annual Report on Form 10-K for the year ended December 31, 2004).
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(g) Not applicable.
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(h) Not applicable.
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_________
* Previously filed with the Schedule TO on March 10, 2006.
** Previously filed with the Amendment No. 3 to Schedule TO on April 5, 2006.