Napa Auto Parts 2012 Annual Report Download

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Please find the complete 2012 Napa Auto Parts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of
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Identification No.)
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(Address of principal executive offices) (Zip Code)
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Table of contents

  • Page 1
    ...-0254510 (I.R.S. Employer Identification No.) 2999 Cirgle 75 Parkway, Ttlanta, Georgia (Address of principal executive offices) 30339 (Zip Code) 770-953-1700 (Registrant's telephone number, ingluding area gode) Segurities registered pursuant to Segtion 12(b) of the Tgt: Title of Eagh Class Name...

  • Page 2
    .... Asousedoinothisoreport,otheo"Company"orefersotooGenuineoPartsoCompanyoandoitsosubsidiaries,oexceptoasootherwiseoindicatedobyotheocontext;oandothe termso"automotiveoparts"oando"industrialoparts"oreferotooreplacementopartsoinoeachorespectiveocategory. Financial Information about Segments...

  • Page 3
    TheoCompanyohasoao15%ointerestoinoMitchelloRepairoInformationo("MRIC"),oaosubsidiaryoofoSnap-onoIncorporated.oMRICoisoaoleadingoautomotive diagnosticoandorepairoinformationocompanyowithoovero40,000oNorthoAmericanosubscribersolinkedotooitsoservicesoandoinformationodatabases.oMRIC'socore product,o"...

  • Page 4
    ...-1. Service to NAPA AUTO PARTS Stores .ooooTheoCompanyobelievesothatotheoqualityoandotheorangeoofoservicesoprovidedotooitsoautomotiveopartsocustomers constituteoaosignificantoadvantageoforoitsoautomotiveopartsodistributionosystem...

  • Page 5
    ...oadvertisedoand promotedoaso"NAPA"olines.oTheoCompanyoisonotorequiredotoopurchaseoanyospecificoquantityoofopartsosoodesignatedoandomay...oaowholly-ownedosubsidiaryoofotheoCompanyoheadquarteredoin Birmingham,oAlabama.oMotionodistributesoindustrialoreplacementopartsoandorelatedosuppliesosuchoasobearings,...

  • Page 6
    TheoIndustrialoPartsoGroupoprovidesocustomersowithosupplyochainoefficienciesoachievedothroughoinventoryomanagementoandologisticalosolutionsocoupled withoMotion'sovastoproductoknowledgeoandosystemocapabilities.oTheoCompanyomeetsotheoMROodemandoofoaolargeoandofragmentedomarketowithohigholevelsoof ...

  • Page 7
    ....oRichardsoCanada,oaowholly-ownedosubsidiaryoofotheoCompanyoheadquarteredonear Toronto,oOntario.oS.oP....owhichoincludeoprintoandoelectronicocatalogsoandoflyers,oelectronicocontentofororeseller websites,oandoeducationoandotrainingoresources.oInoaddition,...

  • Page 8
    ELECTRICTL/ELECTRONIC MTTERITLS GROUP TheoElectrical/ElectronicoMaterialsoGroupowasoformedoonoJulyo1,o1998othroughotheoacquisitionoofoEIS,oInc.o("EIS"),oaowholly-ownedosubsidiaryoofothe CompanyoheadquarteredoinoAtlanta,oGeorgia.oThisoGroupodistributesomaterialsotoomoreothano20,...

  • Page 9
    subjectotootheosafeoharboroprovisionsoofotheoPrivateoSecuritiesoLitigationoReformoActoofo1995.oSenioroofficersomayoalsoomakeoverbalostatementsotooanalysts, investors,otheomediaoandoothersothatoareoforward-looking.oForward-lookingostatementsomayorelate,oforoexample,otoofutureooperations,oprospects,...

  • Page 10
    .... Uncertainty and/or deterioration in general macro-economic conditions, including unemployment, inflation or deflation, high energy costs, uncertain credit markets, or other economic conditions, could have a negative impact on our business, financial condition, results of operations and cash flows...

  • Page 11
    ... grow our sales and earnings, which could adversely affect our business, financial condition, results of operations and cash flows. Weohaveoimplementedonumerousoinitiativesoinoeachoofoourofourobusinessosegmentsotoogrowosalesoandoearnings,oincludingotheointroductionoofonewoand expandedoproductolines...

  • Page 12
    ITEM 1B. UNRESOLVED STAFF COMMENTS. Notoapplicable. ITEM 2. PROPERTIES . TheoCompany'soheadquartersoandoAutomotiveoPartsoGroupoheadquartersoareolocatedoinotwooofficeobuildingsoownedobyotheoCompanyoinoAtlanta,oGeorgia. TheoCompany'...

  • Page 13
    ...: Sales Prige of Common Shares 2012 High 2011 Low High Low Quarter... $ 55.70oo o 55.99oo o 57.66oo o 62.21oo $49.86oo o 49.74oo o 46.10oo o 48.53oo Dividends Deglared per Share 2012 2011 Quarter First Second Third Fourth $0.495 0.495 0.495 0.495 $ 0.450oo o 0.450oo o 0.450oo o 0.450oo 12

  • Page 14
    ...gumulative total shareholder return GenuineoPartsoCompany,oS&Po500oIndexoandopeerogroupocompositeoindex Cumulative Total Shareholder Return $ at Fisgal Year End 2007 2008 2009 2010 2011 2012 GenuineoPartsoCompany S&Po500 PeeroIndex o 100.00oo o 100.00oo o 100.00oo o 84.96oo o 63.00oo o 56...

  • Page 15
    ... Segment 2007 2008 2009 2010 2011 2012 AutomotiveoParts IndustrialoParts OfficeoProducts Electrical/ElectronicoMaterials o49%o... Total Number of Shares Purghased as Part of Publigly Tnnounged Plans or Programs(2) Maximum Number of Shares That May Yet be Purghased Under the Plans or Programs...

  • Page 16
    ... Operations"oofothisoreport. Year Ended Degember 31, 2012 2011 2010 (In... OVERVIEW MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. GenuineoPartsoCompanyoisoaoserviceoorganizationoengagedoinotheodistributionoofoautomotiveoparts,...

  • Page 17
    ...,o2012owasounchangedofromo$500omillionoatoDecembero31,o2011. RESULTS OF OPERTTIONS OuroresultsoofooperationsoareosummarizedobelowoforotheothreeoyearsoendedoDecembero31,o2012,o2011oando2010. Year Ended Degember 31, 2012 2011 (In thousands exgept per share data) 2010 NetoSales...

  • Page 18
    NetosalesoforoAutomotiveowereo$6.1obillionoino2011,oanoincreaseoofo8%ofromo2010.oSalesoimprovedoino2011odueoprimarilyotoopositiveocomparableostores salesogrowthoofoapproximatelyo6%.oOtherofactorsoimpactingoouroAutomotiveosalesoforotheoyearoincludeohigherotransactionovalueoassociatedowithoproduct ...

  • Page 19
    expansionoduringotheoyear,oasomeasuredobyotheoInstituteoforoSupplyoManagement'soPurchasingoManagersoIndex.oSalesoforoElectricaloincreasedobyo5%oinothe firstoquarter,oandowereoupo9%oinotheosecondoquarter,oupo5%oinotheothirdoquarteroandowereodowno2%oinotheofourthoquarter....

  • Page 20
    ...-termodebt,oeffectiveoNovembero2011. Ino"Other",ointerestoincomeoandononcontrollingointerestsoino2012oincreasedobyoapproximatelyo$8omillionofromo2011.oThisoincreaseoreflectsothe Company'soequityoincomeorecordedoino2012oforoitso30%oinvestmentointerestoinoExego. Income Before Income Taxes...

  • Page 21
    ...,oupo$79omillionoor approximatelyo16%ofromoDecembero31,o2011,oisoprimarilyodueotooaochangeoinofundedostatusoofotheoCompany'sopensionoandootheropost-retirementoplansoin 2012. LIQUIDITY TND CTPITTL RESOURCES TheoCompany'sosourcesoofocapitaloconsistoprimarilyoofocashoflowsofromooperations...

  • Page 22
    .... Sources and Uses of Net Cash AosummaryoofotheoCompany'soconsolidatedostatementsoofocashoflowsoisoasofollows: Year Ended Degember 31, Net Cash Provided by (Used in): Pergent Change 2012 2011 (In thousands) 2010 2012 vs. 2011 2011 vs. 2010 OperatingoActivities InvestingoActivities...

  • Page 23
    ...,otoomakeofuture paymentsounderospecifiedocontractualoobligationsoasoofoDecembero31,o2012: Contractual Obligations Payment Due by Period Less Than Total 1 Year 1-3 Years (In thousands) 3-5 Years Over 5 Years Creditofacilities Operatingoleases Totalocontractualocashoobligations $ 543,504oo...

  • Page 24
    ... Total Tmount of Commitment Expiration per Period Less Than Tmounts Committed 1 Year 1-3 Years (In thousands) 3-5 Years Over 5 Years Lineoofocredit Standbyolettersoofocredit Guaranteedoborrowingsoofoindependentsoandoaffiliates Totalocommercialocommitments $ -oo o 61,119oo o 231,500oo $292...

  • Page 25
    ... resultingoimpairmentolossocouldohaveoaomaterialoadverseoimpactoonotheoCompany'sofinancialoconditionoandoresultsoofooperations. Employee Benefit Plans TheoCompany'sobenefitoplanocommitteesoinotheoU.S.oandoCanadaoestablishoinvestmentopoliciesoandostrategiesoandoregularlyomonitorotheoperformanceoof...

  • Page 26
    ... OF OPERTTIONS TheofollowingoisoaosummaryoofotheoquarterlyoresultsoofooperationsoforotheoyearsoendedoDecembero31,o2012oando2011: Margh 31, Three Months Ended rune 30, Sept. 30, (In thousands exgept per share data) Deg. 31, 2012 NetoSales GrossoProfit NetoIncome EarningsoPeroShare: $ 3,181,288 919...

  • Page 27
    ...-1. ITEM 9. None. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE . ITEM 9T. CONTROLS AND PROCEDURES. Management's gonglusion regarding the effegtiveness... management,oincludingotheoChiefoExecutiveoOfficero(CEO)oandoChiefoFinancialoOfficero(CFO),...

  • Page 28
    ...-1. Changes in internal gontrol over finangial reporting ThereohaveobeenonoochangesoinotheoCompany'sointernalocontrolooverofinancialoreportingoduringotheoCompany'sofourthofiscaloquarteroendedoDecembero31, 2012othatohaveomateriallyoaffected,ooroareoreasonablyolikelyotoomateriallyoaffect,otheoCompany...

  • Page 29
    ... ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE . EXECUTIVE OFFICERS OF THE COMPTNY....,oremoval,oretirementoorodisqualification.oTheocurrentoexecutiveoofficersoofotheoCompanyoare: Thomas C. Gallagher, ageo65,...

  • Page 30
    ... Weighted Tverage Exergise Prige of Outstanding Options, Warrants and Rights Number of Segurities Remaining Tvailable for Future Issuange Under Equity Compensation Plans (Exgluding Segurities Reflegted in Column (a)) EquityoCompensationoPlansoApprovedobyoShareholders: o o o o 870,117(2)o 4,229...

  • Page 31
    ... ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. (a)ooDocumentsofiledoasopartoofothisoreport ... AmendedoandoRestatedoArticlesoofoIncorporationoofotheoCompany,oasoamendedoAprilo23,o2007.o(Incorporatedohereinobyoreferenceofromothe Company'soCurrentoReportoonoFormo8-K,odatedoAprilo23,o2007.) By-...

  • Page 32
    ...odatedoMarcho3,o2006.) GenuineoPartsoCompanyo2006oLong-TermoIncentiveoPlan,oeffectiveoAprilo17,o2006.o(Incorporatedohereinobyoreferenceofromothe Company'soCurrentoReportoonoFormo8-K,odatedoAprilo18,o2006.) AmendmentotootheoGenuineoPartsoCompanyo2006oLong-TermoIncentiveoPlan,odatedoNovembero20,o2006...

  • Page 33
    Exhibito10.17* AmendmentoNo.o2otootheoGenuineoPartsoCompanyo2006oLong-TermoIncentiveoPlan,odatedoNovembero19,o2007,oeffective Novembero19,o2007.o(IncorporatedohereinobyoreferenceofromotheoCompany'soAnnualoReportoonoFormo10-K,odatedoFebruaryo29, 2008.) ...

  • Page 34
    Exhibito101 InteractiveodataofilesopursuantotooRuleo405oofoRegulationoS-T: (i)otheoConsolidatedoBalanceoSheetsoasoofoDecembero31,o2012oando2011;o(ii)otheoConsolidatedoStatementsoofoIncomeoandoComprehensive IncomeoforotheoYearsoendedoDecembero31,o2012,o2011oando2010;o(iii)...

  • Page 35
    ...(d)oofotheoSecuritiesoExchangeoActoofo1934,otheoRegistrantohasodulyocausedothisoReportotoobeosignedoon itsobehalfobyotheoundersigned,othereuntoodulyoauthorized. GENUINE PTRTS COMPTNY /s/ Thomas C. Gallagher Thomas C. Gallagher ChairmanoandoChiefoExecutiveoOfficer o2/26/13oo o (Date)oo...

  • Page 36
    ... Donahue Director o2/18/13oo o (Date)oo /s/ rean Douville rean Douville Director o2/18/13oo o (Date)oo /s/ Thomas C. Gallagher Thomas C. Gallagher Director ChairmanoandoChiefoExecutiveoOfficero(PrincipaloExecutive Officer) o2/18/13oo o (Date)oo /s/ George C. Guynn George C. Guynn Director o2...

  • Page 37
    TNNUTL REPORT ON FORM 10-K INDEX TO CONSOLIDTTED FINTNCITL STTTEMENTS TND FINTNCITL STTTEMENT SCHEDULE Page ReportoofoManagementoonoInternaloControloOveroFinancialoReporting ReportoofoIndependentoRegisteredoPublicoAccountingoFirmoonoInternaloControlooveroFinancialoReporting ...

  • Page 38
    Report of Management Genuine Parts Company Management's Responsibility for the Finangial Statements...&oYoungoLLPohasoissuedoanoauditoreportoonotheoCompany'sooperatingoeffectivenessoofointernalocontrolooverofinancialoreportingoasoofoDecembero31, 2012.oThisoreportoappearsoonopageoF-3. Tudit Committee...

  • Page 39
    ... Publig Tggounting Firm on Internal Control over Finangial Reporting The Board of Diregtors and Shareholders of Genuine Parts Company and Subsidiaries WeohaveoauditedoGenuineoPartsoCompanyoandoSubsidiaries'ointernalocontrolooverofinancialoreportingoasoofoDecembero31,o2012,obasedoonocriteria...

  • Page 40
    Report of Independent Registered Publig Tggounting Firm on the Finangial Statements The Board of Diregtors and Shareholders of Genuine Parts Company..., 2012.oOuroauditsoalsooincludedotheofinancialostatementoscheduleolistedoinotheoIndexoatoItemo15...

  • Page 41
    Genuine Parts Company and Subsidiaries Consolidated Balange Sheets Degember 31 2012 2011 (In thousands, exgept share data and per share amounts) Tssets Currentoassets: Cashoandocashoequivalents Tradeoaccountsoreceivable,onet Merchandiseoinventories,onet Prepaidoexpensesoandootherocurrentoassets ...

  • Page 42
    Genuine Parts Company and Subsidiaries Consolidated Statements of Ingome and Comprehensive Ingome Year Ended Degember 31 2012 2011 (In thousands, exgept per share amounts) 2010 Netosales Costoofogoodsosold Grossomargin Operatingoexpenses: Selling,oadministrative,oandootheroexpenses ...

  • Page 43
    ...Parts Company and Subsidiaries Consolidated Statements of Equity (In thousands, exgept share and per share amounts) Common Stogk Tdditional Paid-In Capital...benefit... o -oo Retained Earnings Total Parent Equity $ 2,733,081oo o 475...$ - 154,841,438 Balange at Degember 31, 2012 - $ 154,841 - - - - -...

  • Page 44
    Genuine Parts Company and Subsidiaries Consolidated Statements of Cash Flows Year Ended Degember 31 2012 2011 (In thousands) 2010 Operating agtivities Netoincome Adjustmentsotooreconcileonetoincomeotoonetocashoprovidedobyooperatingoactivities: Depreciationoandoamortization ...

  • Page 45
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements Degember 31, 2012 1. Summary of Signifigant Tggounting Poligies Business GenuineoPartsoCompanyoandoalloofoitsomajority-ownedosubsidiarieso(theoCompany)oisoaodistributoroofoautomotiveoreplacementoparts,oindustrial ...

  • Page 46
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) ando2010;otherefore,...,o2012,o2011,oando2010. Degember 31, 2011 Ts Previously Reported Tdjustment (In thousands) Ts Revised Merchandiseoinventories,onet Totalocurrentoassets...

  • Page 47
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) first-in,ofirst-outo(FIFO...and Other Current Assets ...Otheroassetsoareocomprisedoofotheofollowing: Degember 31 2012 (In thousands)...

  • Page 48
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) Property, Plant, and Equipment ...Term Liabilities Otherolong-termoliabilitiesoareocomprisedoofotheofollowing: Degember 31 2012 (In thousands) 2011 Post-employmentoandootherobenefit/...

  • Page 49
    ...Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) Accumulated Other Comprehensive Loss Accumulatedootherocomprehensiveolossoisocomprisedoofotheofollowing: Degember 31 2012...Value of Financial Instruments ...

  • Page 50
    ...Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) Net Income per Common Share Basiconetoincomeoperocommonoshareoisocomputedobyodividingonetoincomeobyotheoweightedoaverageonumberoofocommonosharesooutstandingoduringothe year...05owasoeffectiveoforothe Company'...

  • Page 51
    ...Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) TheogrossocarryingoamountsoandoaccumulatedoamortizationorelatingotoootherointangibleoassetsoatoDecembero31,o2012oando2011oisoasofollows (inothousands): 2012...(inothousands): 2013 2014 2015...Credit...

  • Page 52
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) AmountsooutstandingounderotheoCompany'socreditofacilitiesoconsistoofotheofollowing: Degember 31 2012 (In ...wasoapproximatelyotheofollowingoatoDecembero31,o2012o(inothousands): 2013 2014 2015 2016 ...

  • Page 53
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) ...oand $9,200,000,orespectively. AosummaryoofotheoCompany'soshare-basedocompensationoactivityoandorelatedoinformationoisoasofollows: 2012 WeightedTverage Exergise Prige (2) Shares (1) (In thousands...

  • Page 54
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) ForotheoyearsoendedoDecembero31,o2012,o2011,oando2010oapproximatelyo$11,000,000,o$5,400,000,oando...000othatowilloexpireoino2013. Theocomponentsoofoincomeobeforeoincomeotaxesoareoasofollows: 2012 2011 (In ...

  • Page 55
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) Theocomponentsoofoincomeotaxoexpenseoareoasofollows: 2012 2011 (In thousands) 2010 Current: Federal State Foreign Deferred $288,135 44,653 23,352 14,751 $370,891 $ 260,222oo o 41,511oo o 26,294oo o ...

  • Page 56
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) $493,000,o$759,000,oando$272,000,orespectively.oTheoCompanyohadoapproximatelyo$12...Employee Benefit Plans ... Pension Benefits Benefits 2012 2011 (In thousands) 2012 2011 Changes in benefit ...

  • Page 57
    ... Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) TheoassumptionsousedotoomeasureotheopensionoandootheropostretirementoplanobenefitoobligationsoforotheoplansoatoDecembero31,o2012oando2011,owere: Pension Benefits Other Postretirement Benefits 2012 2011 2012...

  • Page 58
    ...Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) Index,o5%oRusselloMidoCapoIndex,o8%oRussello2000oIndex,o5%oMSCIoEAFEoIndex,o5%oDJoGlobaloModerateoIndex,oando28%oBarCapoU.S.oGovt/Credit.... 2012 Quoted...

  • Page 59
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) 2011 Quoted Priges in Tgtive Markets for Signifigant Identigal Observable Tssets Inputs (Level 1) (Level 2)...Other Postretirement Pension Benefits Benefits 2012 2011 (In thousands) 2012 2011 Otherolong...

  • Page 60
    ... 103,708oo o 612,723oo Pension Benefits $ $ o o o o o 1,122oo 1,122oo 9 6 5oo 824oo 644oo 451oo 1,232oo Expegted benefit payments 2013 2014 2015 2016 2017 2018othrougho2022 Netoperiodicobenefitocostoincludedotheofollowingocomponents: Other Postretirement Benefits 2012 2011 2010 (In thousands...

  • Page 61
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) Otherochangesoinoplanoassetsoandobenefitoobligationsorecognizedoinootherocomprehensiveoincomeo(loss)oareoasofollows: Pension Benefits Other Postretirement Benefits 2012 2011 2010 (In thousands) 2012...

  • Page 62
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) 8. Guarantees ...maximumoexposureotoolossoasoaoresultoofoitsoinvolvementowithotheseoindependentsoandoaffiliatesoisogenerallyoequalotootheototaloborrowingsosubjectotoothe Company'soguarantee...

  • Page 63
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) dateoforotheoQuakeroCityoacquisitionoandoisoobtainingothird-partyovaluationsoofocertainotangibleoandointangibleoassets.oTheoacquisitionoaccountingoisotherefore preliminaryoandosubjectotoorevision. ...

  • Page 64
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) ...oincentives,oandofreightobilledotoocustomersothatoareoreportedoasoaocomponentoofonetosalesoinotheoCompany's consolidatedostatementsoofoincomeoandocomprehensiveoincome. 2012 2011 2010 (In thousands...

  • Page 65
    Genuine Parts Company and Subsidiaries Notes to Consolidated Finangial Statements - (Continued) 2012 2011 2010 (In thousands) 2009 2008 Depreciationoandoamortization: Automotive Industrial Officeoproducts Electrical/electronicomaterials Corporate Intangibleoassetoamortization ...

  • Page 66
    Tnnual Report on Form 10-K Item 15(a) Finangial Statement Sghedule II - Valuation and Qualifying Tggounts Genuine Parts Company and Subsidiaries Balange at Beginning of Period Charged to Costs and Expenses Dedugtions Balange at End of Period YearoendedoDecembero31,o2010: ...

  • Page 67
    TNNUTL REPORT ON FORM 10-K INDEX OF EXHIBITS Theofollowingoexhibitsoareofiledo(orofurnished,oifosooindicated)oherewithoasoaopartoofothisoReport: oo10.27* oo10.28* AmendmentoNo.o2otootheoGenuineoPartsoCompanyoDirector'soDeferredoCompensationoPlan,odatedoDecembero7,o2012,oeffectiveoDecembero7, 2012...

  • Page 68
    -o10.9* -o10.10* AmendmentoNo.o4otootheoGenuineoPartsoCompanyoTax-DeferredoSavingsoPlan,odatedoJuneo5,o2003,oeffectiveoJuneo5,o2003. GenuineoPartsoCompanyoDirectors'oDeferredoCompensationoPlan,oasoamendedoandorestatedoeffectiveoJanuaryo1,o2003,oandoexecuted Novembero11,o2003. -o10.11* -o10.12* -...

  • Page 69
    ... as of the date set forth herein. W I T N E S S E T H: WHEREAS, the Company maintains The Genuine Parts Company Directors' Deferred Compensation Plan (the "Plan"), and such Plan is currently in effect; WHEREAS, the Company desires to amend the Plan; and WHEREAS, pursuant to Section 7.01 of the...

  • Page 70
    ... Parts Company Tax-Deferred Savings Plan (the "Plan"), and such Plan is currently in effect; WHEREAS, the Company desires to amend the Plan; and WHEREAS, pursuant to Section 7.01 of the Plan, the Company has reserved the right to amend the Plan through action of the Pension and Benefits Committee...

  • Page 71
    IN WITNESS WHEREOF, the Pension and Benefits Committee has caused this Amendment to the Plan to be executed on the date shown below, but effective as of the date indicated above. PENSION AND BENEFITS COMMITTEE By: Name Frank M Howard Title Chairman of Committee Date: Dec. 7 2012 Attest: By: -2-

  • Page 72
    ... Genuine Parts Company Supplemental Retirement Plan (the "Plan"), and such Plan is currently in effect; WHEREAS, the Company desires to amend the Plan; and WHEREAS, pursuant to Section 12.08 of the Plan, the Company has reserved the right to amend the Plan through action of the Pension and Benefits...

  • Page 73
    2. A new paragraph is added to the end of Section 1.02 as follows: "Because of the Pension Plan Freeze, Credited Service, Earnings, Average Earnings and Anticipated Social Security Benefits will be frozen under the Pension Plan. As described later in this Plan, the Plan assumes Earnings and Credited...

  • Page 74
    ...Plan as a Key Employee, The employee is employed as an officer of the Employer for the previous two complete calendar years, (ii) (iii) The employee has annual, regular Earnings that either (A) have been equal to or greater than the compensation limits of Code Section 401(a)(17) ($255,000 in 2013...

  • Page 75
    ...Plan (if their Accrued Benefits under the Pension Plan were not previously frozen)." In Section 4.02, a new paragraph is added to the end of such section: "Impact of Pension Plan Freeze . As a result of the Pension Plan Freeze, effective on December 31, 2013, Credited Service under the Pension Plan...

  • Page 76
    ... 5.01, a new paragraph (c) is added to the end of such section: "(c) Impact of Pension Plan Freeze . As a result of the Pension Plan Freeze, effective on December 31, 2013, Credited Service under the Pension Plan and Earnings under the Pension Plan are frozen for all Key Employees described in this...

  • Page 77
    ... Frozen Accrued Benefit under the Pension Plan. For clarity, if the NR70 Key Employee has not yet attained his Early Retirement Date as of December 31, 2013, then the Frozen Accrued Benefit would be calculated under Section 4.05 (Termination of Employment) of the Pension Plan which is applicable to...

  • Page 78
    ... Benefit will be determined based on whether or not he or she has attained his or her Early Retirement Date, Normal Retirement Date, or Delayed Retirement Date as of December 31, 2013." In Section 6.02, a new paragraph (c) is added to the end of such section: "(c) Impact of Pension Plan Freeze...

  • Page 79
    ..., as a result of the Pension Plan Freeze, Anticipated Social Security Benefits are frozen in the Pension Plan as of December 31, 2013. However, for purposes of computing a benefit under this Plan, Anticipated Social Security Benefits are not frozen." A new paragraph is added to the end of section...

  • Page 80
    ... Normal Retirement Date will not be less than the NR70 Key Employee's Minimum Benefit computed as of December 31, 2013 under Section 5.02 (see Section 5.02(c) for more specific guidance)." In Section 7.02, a new paragraph (c) is added to the end of section 7.02: "(c) Impact of Pension Plan Freeze...

  • Page 81
    ...his Normal Retirement Date cannot be less than the NR70 Key Employee's Minimum Benefit computed as of December 31, 2013 under Section 5.02 (see Section 5.02(c) for more specific guidance)." In Section 8.02, a new paragraph (c) is added to the end of section 8.02: "(c) Impact of Pension Plan Freeze...

  • Page 82
    ... In Section 13.03, a new paragraph is added to the end of section 13.03(a): "Impact of Pension Plan Freeze . Section 13.03(a) provides that all Key Employees and all Key Participants continue to earn Credited Service under this Plan even if Credited Service under the Pension Plan is frozen for some...

  • Page 83
    ...following new subsections (c) and (d) shall be added to Section 15 of the Agreement: (c) Whenever in this Agreement a payment or benefit is conditioned on Executive's execution of a release of claims, such release must be executed and all revocation periods shall have expired within thirty (30) days...

  • Page 84
    ...to the provisions of the Genuine Parts Company 2006 Long-Term Incentive Plan (the "Plan") and to the terms and ...Employment after Grant Date Shares Vested Less than 1 Year 1 Year 2 Years 3 Years 0% 33% 33% 34% IN WITNESS WHEREOF, Genuine Parts Company has caused this Agreement to be executed...

  • Page 85
    ... other than by reason of the Grantee's death, Disability, Early or Normal Retirement. Twelve months after the effective date of termination of the Grantee's employment with the Company by reason of Early Retirement. (b) (c) (d) (e) Four years after the effective date of termination of the Grantee...

  • Page 86
    Atlanta, Georgia 30339 Attn: Secretary or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company.

  • Page 87
    ...AUTO PARTS (Eastern) BTD. SERVICES FINANCIERS UAP INC. WTC PARTS CANADA PIECES DE CAMION DE BA BEAUCE GPC GBOBAB SOURCING BIMITED GENUINE PARTS SOURCING (SHENZHEN) COMPANY BIMITED ABTROM CANADA CORP. GENUINE PARTS... GEORGIA GEORGIA DEBAWARE GEORGIA MICHIGAN DEBAWARE GEORGIA GEORGIA GEORGIA GEORGIA ...

  • Page 88
    ... and schedule of Genuine Parts Company and Subsidiaries and the effectiveness of internal control over financial reporting of Genuine Parts Company and Subsidiaries included in this Annual Report (Form 10-K) for the year ended December 31, 2012. /s/ Ernst & Young LLP Atlanta, Georgia February 26...

  • Page 89
    EXHIBIT 31.1 CERTIFICATIONS I, Thomas C. Gallagher, certify that: 1. I have reviewed this annual report on Form 10-K of Genuine Parts Company; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the ...

  • Page 90
    EXHIBIT 31.2 CERTIFICATIONS I, Jerry W. Nix, certify that: 1. I have reviewed this annual report on Form 10-K of Genuine Parts Company; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements ...

  • Page 91
    ... In connection with the Annual Report of Genuine Parts Company (the "Company") on Form 10-K for the year ended December 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Thomas C. Gallagher, Chairman and Chief Executive Officer, certify, pursuant to...

  • Page 92
    ... STATEMENT OF CHIEF FINANCIAL OFFICER OF GENUINE PARTS COMPANY PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO § 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Genuine Parts Company (the "Company") on Form 10-K for the year ended December 31, 2012 as filed...

  • Page 93