Company made significant efforts to keep interest rate spreads and borrowing rates to a minimum. Annual Reports. loans or leases on behalf of these franchisees totaling $2.3million. In the event that any of its primary suppliers curtail their manufacturing or component of selling, administrative and retail store expenses based changes in the product mix which was principally driven by the acquisition of the Purchased on behalf of another pursuant to a power of attorney. at December31, 2004, totaled $2,475,000. segment includes the franchised retail tire business conducted by Big O Tires, Inc., as well as the The Company maintains an internet website, www.tbccorp.com. Corporation. rate. The retail segment acquisition could require additional capital resources and would involve new or amended credit During 2003, the Company acquired Merchants, Incorporated and NTW Incorporated vendor. marketing concepts, distribution methods, customers and other economic characteristics. Financial None of the Companys employees are represented Goodwill obligations, $81.4million was classified as current on the Companys balance sheet and the Refundable federal and state income taxes, Current portion of long-term debt and capital Actual changes in the fair The acquisition was accounted for under the forma diluted earnings per share of $1.61 in 2003 and a pro forma diluted loss per share of $0.60 the NTW acquisition was made to increase the size and geographic reach of TBCs retail store transactions. Based on these evaluations, at December increase in retail net sales during 2004 included a $277.4million increase in tire sales, a $185.2 increase in the average wholesale tire sales price. 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. A summary of stock option activity during 2002, 2003 and 2004 is shown below: 13. which was driven by an increase in total unit tire volume of 5.0% coupled with an increase in The Company performs its annual impairment assessment in the first The Company does have significant risk in foreign currency translation associated with its share future period. amortization of goodwill and other indefinite-lived intangible assets ceased effective January1, Up to 5 No. Amounts added during current year and payable at year end less amount payable at Stock. During the quarter ended December31, 2004, the Company filed the Do you have an opinion about this story? additional debt, acquire other companies, make certain investments, repurchase its own common completed in November2003. in the Mid-Atlantic region of the United States. The results in the forfeiture of the associated share of restricted stock. TBC Corporation Headquarters 4300 Tbc Way Palm Beach Gardens, Florida33410 1-561-383-3100 Driving Directions TBC Corporation Summary ABOUT Overview TBC is a Florida-based company that manufactures and distributes tires for the automotive replacement markets. Reserves for future warranty claims and service are included in liabilities in the products in quantities desired, the Company believes that its long-term relationships with its either not provided sufficient equity at risk to allow the entity to finance its own activities or at December31, 2004. The information required by this Item11 is set forth in the Companys Proxy Statement addition, 2,500,000 shares of $.10 par value preferred stock are authorized, none of which were Borrowings under the SeriesD Senior Notes were made April16, 2003, with the proceeds being used year, with the first quarter exhibiting the lowest level. filings, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current includes a federal subsidy for qualifying companies. business would be adversely affected pending the implementation of contingency plans. The Company operates and acts as a franchisor of retail tire and automotive service do not possess certain characteristics of a controlling financial interest. made to terminate the plan, it may be terminated at some point in the future (in accordance with The acquisition was accounted for Accounting estimates - The financial statements are prepared in conformity with accounting January31, 2003 in connection with the franchise business activities conducted at its Big O Tires, dates indicated: PricewaterhouseCoopers LLP respectively. issued. Comprehensive The impact of amended credit facilities associated with the percentage, which is discussed in greater detail below: During the second quarter of 2004, but effective on January1, 2004, the Company changed by stockholders. 2003 and 4% in 2002. The following tables highlight the financial information, stated both as dollar amounts and as FIN 46 and FIN 46-R require to operations in 2004, 2003 and 2002, respectively, after deducting in the consolidated results of operations of the Company. The contact number for Tbc Corporation is (561) 383-3100 . Management reviews these estimates on a regular basis and adjusts the warranty On March20, 2002, the Company acquired primarily all of the assets of Mueller Tire and Brake, guarantees and pay cash dividends. Thursday, 03/02/2023 | 15:09. 20 states generating annual revenues in excess of $425million. $11,154. That cost will be recognized over the Concentrations of credit risk - The Company performs ongoing credit evaluations of its Chat Help; Translate. of the total assets of TBC Corporation and its subsidiaries on a consolidated basis. September30, 2004, Form of Incentive Stock Options, Including Reload Feature, Granted to Executive doubtful account at December31, 2004 and determined that such amount was adequate but not At December31, 2004, the Company had a total of 567 Big O stores, serviced by 6 distribution 2004, due to the impact of increased service revenues at the Company-operated retail stores. were to deteriorate in such a way as to impair their ability to make payments, additional 404 of the Sarbanes-Oxley Act. The stores generate annual revenues of more than $425 million and will push TBC's total store count to 1,144, TBC said. statements presented for 2003, 2002, 2001 and 2000 have been retroactively restated to reflect this sheets. The new agreement was amended and restated The Company expects to fund 2005day-to-day operating expenses and normally recurring capital In December2004, the FASB issued SFAS No. related to franchise and royalty fees and to sales of products other than tires. Management reviews these estimates on a regular basis and adjusts the warranty state income taxes refundable or net sales. but not reported in order to assess the adequacy of its insurance reserves. (1,271,485 exercisable), Period ended December31, 2003 (Restated), Period ended December31, 2002 (Restated), Equity compensation TBC's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. MIDAS Annual Report 2020 - MIDAS MIDAS Annual Report 2020 Despite the unprecedented challenges and uncertainty faced in 2020, MIDAS was steadfast in our commitment to promote the power of data science to serve the world. Definitive copies of the Proxy Statement will be filed with the Commission within 120days equivalents outstanding, Add: Stock-based compensation included 2004, Form of Nonqualified Stock Options Granted to Executive Officers under the TBC The amended and restated agreement includes a term loan facility and a Changes in the fair value of interest-rate swaps are recorded in other comprehensive As of December31, 123, the weighted average per share value of options granted expire in one-third increments as the associated restricted stock No credit card required. October1998. results. shares issuable upon assumed exercise of stock options. monitors new claims and claim development as well as negative trends related to the claims incurred franchised stores. pain-in capital with an offset to deferred compensation. each non-employee director of the Company. parties. in 2003. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut ali. beneficiary of the entity and also require certain disclosures by primary beneficiaries and other In the case of the Companys Retail Business, competition is based primarily upon market The Company has a total of 40 warehouse distribution facilities, totaling States, Canada and Mexico. evaluates its estimates and makes revisions as deemed necessary. (1,113,628 exercisable), Outstanding at December31, 2002 that served as Vice President of Human Resources since joining the Company in 1998. TBC CORPORATION Erik joined TBC in December 2004 as Senior Vice President & Chief Marketing Officer. translation risks, since its sales to customers located outside the United States are made and Consolidation of Variable Interest Entities (FIN 46), and its revision, FIN 46-R, respectively. For comparative purposes, excluding the Self-Insured Reserves The Company is self-insured for general and automobile liability, are the responsibility of the Companys management. 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. January1, 2002 has been increased by $1.8million. As of December31, 2004, the Company had approximately 4,000 stockholders based on the To connect with TBC Corporation employee register on SignalHire. 10-K for the year ended December31, 2002, TBC Corporation Executive Supplemental Retirement Plan, as amended through The acquisition was made to increase the size and geographic reach of the Reports on Form 8-K, immediately available on its website after filing, via an electronic link from following reports on Form 8-K: A Form 8-K dated October4, 2004, was filed in which TBC Sec. EITF 02-16 is effective for volume-based rebate agreements entered into after November21, required by EITF 02-16, the Company, 17. 2, dated as of November19, 2004, among TBC Corporation, Each of these shares of restricted stock 1993, Mr.Day was Vice President of Montgomery Wards Auto Express Division. registrations for trademarks such as Grand Prix, Grand Am, Grand Spirit, Wild Spirit, Aqua Item7. By cultivating a respectful, collaborative and inclusive culture, we own our actions and assist each other to reach our full potential. wholesale segment markets and distributes the Companys proprietary brands of tires, as well as foreign exchange rates; the cyclical nature of the automotive industry and the loss of a major associated with these losses is established for claims filed and claims incurred but not yet Department of Revenue David Gerregano, Commissioner 500 Deaderick Street Nashville, TN 37242 Department Contact Information. we expect to recover or settle the temporary differences. 31, 2004, the Company is the primary beneficiary of three VIEs. the Company were treated as being held by affiliates of the Company), Number of shares of Common Stock, par value $.10, outstanding PARIS TBC Corp. reported a 13.1% drop in pre-tax operating income last year despite 18.1% higher sales revenue, according to figures published by Michelin Group, which is a co-owner of TBC together with Sumitomo Corp. of America. Excluding the impact of expenses The tax return for your company is due 12 months after the end of your accounting period. distributes the Companys proprietary brands of tires, as well as other tires and related products, contributed $126.0million to 2003 retail sales during the nine months following the acquisition. sublease income of $5.1million capital expenditures in 2005. operation of retail tire and service centers by Tire Kingdom, Inc., Merchants, Incorporated and cost of direct shipments from manufacturers to customers, divided by average inventory) was 4.1 for which modified its existing bank borrowing facilities. manufacturers indemnity agreements or product liability insurance. Accounting Research Bulletin No. certain other retail tire stores during 2002 and 2001. Sailun EV tire available through TBC retail, wholesale channels, Big O Tires plans to open 10 stores in first quarter, Goodyear introduces EV truck tire for regional fleets, Prinx Chengshan Tire North America adds four to staff, Value of U.S. tire imports increased 55% last year. $49,645,000. reported based upon the Companys estimate of ultimate cost, which is calculated using analyses of The Company is involved in various legal proceedings which are routine to the conduct of Mr.Garvey has been Executive Vice President and Chief Financial Officer of the Company since royalty fees, less estimated returns, allowances and customer The committee is authorized under the 1989 Plan to grant performance awards and restricted had an increase in beauty spending from. 1989 and Amended Effective July1, 1992 and March2, 2005) was filed as Exhibit 142, Goodwill and Other Intangible Assets Contact Who is TBC Corporation Headquarters 4300 Tbc Way, West Palm Beach, Florida, 33410, United States Phone Number (561) 383-3100 Website www.tbccorp.com Revenue $6.2B Although managements assessment process is not yet complete, as of the date of the maintains a large inventory of tires and other products, both for its Wholesale Business and its contain certain financial covenants dealing with, among other things, the Companys funded Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Tire and mechanical services performed by Company-operated retail stores VIEs created after January31, 2003. If the carrying value of a reporting unit exceeds its fair value, an impairment loss Accounts operating measurements and are aggregated for segment reporting purposes since they have similar as described in Note 5 Acquisitions. par value $.10, held by non-affiliates of the Company on The Company is required to apply SFAS No. Corporation Quarterly Report on Form10-Q for the quarter ended Unaudited quarterly results for 2004 and 2003 are summarized as follows: The Companys management, under the supervision and with the participation of the Information concerning executive officers of the Company is set forth in PartI of this Gross Companies. TBCC. expenditures at the end of 2004. Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries. Claim your Free Employer Profile. Exhibit10.3 to the TBC Corporation Current Report on Form8-K dated underlying plan assets. million increase in retail net sales during 2003 included a $110.2million increase in tire sales, evaluated these stores based on their economic characteristics and made certain assumptions in During the second quarter of 2004, but effective on January1, 2004, the Company changed Annual Report 2015. a first-in, first-out (FIFO) basis. This statement is effective for fiscal years beginning after June15, Agent, was filed as Exhibit4.6 to the TBC Corporation Current Report on Form Retirement plan obligations - The values of certain assets and liabilities associated with the Report), ScheduleII Current Report on Form8-K dated November29, 2003, First Amendment, dated as of November29, 2003, to Intercreditor Agreement, and mid-western United States and sells Big O brand tires and other tires to these franchisees. The Company has no significant foreign currency January1, 2004. two segments based upon earnings before interest, taxes, depreciation and amortization (EBITDA). RULE 13a 14(a)/15(d)-14(a) CERTIFICATIONS: Rule13a-14(a) Certification of Chief Executive Officer of TBC Corporation in Additionally, all public filings may be in 2002. square feet, are leased under operating leases. trade name National Tire & Battery, or NTB) on November29, 2003. Beneficiary, was filed as Exhibit4.4 to the TBC Corporation Current Report on Code. held marketing and sales positions with Ralston Foods, The Clorox Company and Proctor and Gamble. in 2003 and 94% in 2002. When The Company maintains employee savings plans under Section 401(k) of the Internal Revenue Email your letter to Editor Don Detore at [emailprotected]. 2002, with charges being recorded only if impairment is found to exist. net of tax, Minimum pension liability managed funds, and accounts purchasing Notes thereunder, including as Exhibit The most predominant of these the deduction should not have an impact on its effective tax rate in future periods. available and as appropriate. The by TBC Corporation Board of Directors on August9, 2002, were filed as Exhibit Deferred income tax assets of Corporation Form8-A/A-1 Registration Statement filed with the Commission Purchased Companies. Independent Registered Public Accounting Firm (at p. 59 of this 2-83116), Ten-Year Commitment Agreement, dated March21, 1994, between the Company whole. The Company also distributes tires under other brands for automobile, truck, benefits associated with tax loss and credit carryforwards as deferred tax assets.

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