UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 5, 2006 (April 5, 2006)
Global Signal Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-32168 | 65-0652634 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 301 North Cattlemen Road, Suite 300, Sarasota, Florida | 34232 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (941) 364-8886
(Former name or former address, if changed since last report.)
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):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 2 - FINANCIAL INFORMATION
Item 2.02 Results of Operations and Financial Condition
Pursuant to Regulation S-K, the table below presents Global Signal Inc.’s Ratio of Earnings to Fixed Charges and Preferred Share Dividends for the years 2005, 2004 and 2003.
GLOBAL SIGNAL INC.
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS
(unaudited)
| For the Years Ended | ||||||||||||||
| 12/31/2003 | 12/31/2004 | 12/31/2005 | ||||||||||||
| Earnings |
||||||||||||||
| Pre-tax income (loss) from continuing operations before minority interest |
$ | 12,213,000 | $ | 6,584,000 | $ | (38,811,000 | ) | |||||||
| Add: Fixed charges |
31,859,805 | 39,822,872 | 119,640,549 | |||||||||||
| Less: Capitalized interest |
379,000 | 115,000 | 116,000 | |||||||||||
| Total earnings |
$ | 43,693,805 | $ | 46,291,872 | $ | 80,713,549 | ||||||||
| Fixed Charges |
||||||||||||||
| Interest Expense |
$ | 15,708,000 | $ | 22,554,000 | $ | 72,261,360 | ||||||||
| Capitalized interest |
379,000 | 115,000 | 116,000 | |||||||||||
| Interest factor in rents |
11,040,805 | 11,588,872 | 38,167,189 | |||||||||||
| Amortization of derivative settlement costs |
— | 1,153,000 | 914,000 | |||||||||||
| Amortization of deferred debt costs |
4,732,000 | 4,412,000 | 8,182,000 | |||||||||||
| Total fixed charges |
$ | 31,859,805 | $ | 39,822,872 | $ | 119,640,549 | ||||||||
| Preferred stock dividend requirements (1) |
0 | 0 | 0 | |||||||||||
| Combined fixed charges and preferred stock dividend |
$ | 31,859,805 | $ | 39,822,872 | $ | 119,640,549 | ||||||||
| Ratio of earnings to fixed charges |
1.37 | 1.16 | 0.67 | |||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
1.37 | 1.16 | 0.67 | |||||||||||
| ___________ |
||||||||||||||
| (1) We did not have any preferred capital outstanding for any of the periods presented |
| |||||||||||||
| Shortfall of earnings to combined fixed charges |
— | — | $ | 38,927,000 | ||||||||||
# #
SIGNATURE
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.
| GLOBAL SIGNAL INC. |
| (Registrant) |
| /s/ Jeffrey A. Klopf |
| Jeffrey A. Klopf |
| Executive Vice President, General Counsel and Secretary |
Date: April 5, 2006