UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 2, 2006
(Date of report; date of
earliest event reported)
Commission file number: 1-3754
GENERAL MOTORS ACCEPTANCE CORPORATION
| Delaware | 38-0572512 | |
| (State or other jurisdiction of | (I.R.S. Employer | |
| incorporation or organization) | Identification No.) |
200 Renaissance Center
P.O. Box 200 Detroit, Michigan
48265-2000
(Address of principal executive offices)
(Zip Code)
(313) 556-5000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
We have revised our reporting segments to reflect how our chief operating decision makers decide to allocate resources and assess performance effective for the quarter ended March 31, 2006. Specifically, we have consolidated our previously reported ‘GMAC Residential’ and ‘GMAC-RFC’ segments into one reportable segment: ResCap, and we have reclassified our ‘GMAC Commercial Mortgage’ segment into our ‘Other’ segment.
The information in this Current Report on Form 8-K affects only disclosures related to segment results, and does not impact the consolidated financial position, results of operations or cash flows for the years ended December 31, 2005, 2004 and 2003 of General Motor’s Acceptance Corporation and its consolidated subsidiaries (GMAC) as reported in the 2005 Annual Report on Form 10-K filed on March 28, 2006.
As required by Statement of Financial Accounting Standards 131, Disclosures about Segments of an Enterprise and Related Information, consolidated financial statements issued by GMAC in the future will reflect modifications to our reportable segment information resulting from this revision, including reclassifications of all comparative prior period segment information. In this Current Report on Form 8-K, we are providing the reclassification of our segment information for the years ended December 31, 2005, 2004 and 2003.
Item 9.01(c) Financial Statements and Exhibits
(C) Exhibits
The following exhibits are filed herewith:
| 23.1 | Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm. | |||
| 99.1 | Items 6, 7, 7a and 8 of GMAC’s Annual Report on Form 10-K for the year ended December 31, 2005, including audited Consolidated Balance Sheets of GMAC for the years ended December 31, 2005, and 2004, and related Consolidated Statements of Income, Changes in Stockholder’s Equity and Cash Flows for each of the three years in the period ended December 31, 2005, revised to reflect the revisions to our reportable segments described herein. Also included is the report of our independent registered public accounting firm dated March 28, 2006 (June 2, 2006, as to Notes 10, 12 and 23). | |||
These financial statements, conformed to reflect the 2006 revision in segments, are our historical financial statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GENERAL MOTORS ACCEPTANCE CORPORATION (Registrant) | ||||
| Dated: June 2, 2006 | /s/ Sanjiv Khattri
Sanjiv Khattri Executive Vice President, Chief Financial Officer and Director |
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| Dated: June 2, 2006 | /s/ Linda K. Zukauckas
Linda K. Zukauckas Vice President and Corporate Controller |
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Exhibits
The following exhibits are filed herewith:
| 23.1 | Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm. | |||
| 99.1 | Items 6, 7, 7a and 8 of GMAC’s Annual Report on Form 10-K for the year ended December 31, 2005, including audited Consolidated Balance Sheets of GMAC for the years ended December 31, 2005, and 2004, and related Consolidated Statements of Income, Changes in Stockholder’s Equity and Cash Flows for each of the three years in the period ended December 31, 2005, revised to reflect the revisions to our reportable segments described herein. Also included is the report of our independent registered public accounting firm dated March 28, 2006 (June 2, 2006, as to Notes 10, 12 and 23). | |||