arvinmeritor_11k.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
| þ |
|
ANNUAL REPORT PURSUANT TO SECTION
15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the fiscal year ended December 31,
2009
OR
| c |
|
TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the transition period from
_____________ to _____________.
Commission file number: 1-15983
A. Full title of
the plan and address of the plan, if different from that of the issuer named
below:
ArvinMeritor, Inc. Hourly Employees
Savings Plan
B. Name of issuer
of the securities held pursuant to the plan and the address of its principal
executive office:
ArvinMeritor, Inc.
2135 West Maple
Road
Troy, Michigan 48084
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| TABLE OF CONTENTS |
|
| |
|
| |
Page |
| REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM |
1 |
| |
|
| FINANCIAL STATEMENTS: |
|
| |
|
| Statement of Net Assets
Available for Benefits |
2 |
|
as of December 31, 2009 and 2008 |
|
| |
|
| Statement of Changes in Net
Assets Available for Benefits |
3 |
|
for the Year Ended December 31, 2009 |
|
| |
|
| Notes to Financial
Statements |
4-10 |
| |
|
| SUPPLEMENTAL SCHEDULE AS OF
DECEMBER 31, 2009: |
|
| |
| Form 5500, Schedule H, Part
IV, Line 4i – Schedule of Assets (Held at End of Year) |
11 |
|
as of December 31, 2009 |
|
| |
|
| SIGNATURES |
12 |
| |
|
| EXHIBIT – Consent of Independent
Registered Public Accounting Firm |
13 |
Report of
Independent Registered Public Accounting Firm
To the
ArvinMeritor, Inc. Employee Benefit Plan Committee and Participants
We have audited the
accompanying statement of net assets available for benefits of ArvinMeritor,
Inc. Hourly Employees Savings Plan (the "Plan") as of December 31, 2009 and 2008
and the related statement of changes in net assets available for benefits for
the year ended December 31, 2009. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our
audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Plan is not required to have,
nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audit included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Plan’s internal control over financial reporting.
Accordingly, we express no such opinion. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the
financial statements referred to above present fairly, in all material respects,
the net assets of the Plan as of December 31, 2009 and 2008 and the changes in
net assets for the year ended December 31, 2009, in conformity with accounting
principles generally accepted in the United States of America.
Our audits were
performed for the purpose of forming an opinion on the basic financial
statements taken as a whole. The supplemental schedule of assets (held at end of
year) as of December 31, 2009 is presented for the purpose of additional
analysis and is not a required part of the basic financial statements but is
supplementary information required by the Department of Labor’s Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. This supplemental schedule is the responsibility of the
Plan’s management. The supplemental schedule has been subjected to the auditing
procedures applied in the audits of the basic financial statements and, in our
opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
/s/ Plante &
Moran, PLLC
Clinton Township,
Michigan
June 28, 2010
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS
PLAN
| STATEMENT OF NET ASSETS AVAILABLE
FOR BENEFITS |
|
|
|
|
|
|
| AS OF DECEMBER 31, 2009 AND
2008 |
|
|
|
|
|
|
| |
|
|
2009 |
|
2008 |
| ASSETS |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Participant-directed
investments |
|
|
|
|
|
|
| Mutual funds |
$ |
11,192,229 |
|
|
$ |
9,002,287 |
| Common collective fund |
|
9,283,558 |
|
|
|
10,380,569 |
| Common stock |
|
4,102,331 |
|
|
|
312,220 |
| Participant loans |
|
319,114 |
|
|
|
547,017 |
| Total
investments at fair value |
|
24,897,232 |
|
|
|
20,242,093 |
| |
|
|
|
|
|
|
| Accrued
receivables |
|
23,357 |
|
|
|
21,725 |
| |
|
|
|
|
|
|
| TOTAL ASSETS |
|
24,920,589 |
|
|
|
20,263,818 |
| |
|
|
|
|
|
|
| LIABILITIES - Accrued
administrative expenses |
|
13,819 |
|
|
|
821 |
| |
|
|
|
|
|
|
| Net assets at fair value |
|
24,906,770 |
|
|
|
20,262,997 |
| |
|
|
|
|
|
|
| Adjustment from fair value to
contract value for |
|
|
|
|
|
|
| interest in common collective trust
funds relating |
|
|
|
|
|
|
| to
fully benefit-responsive investment contracts |
|
(278,783 |
) |
|
|
97,309 |
| |
|
|
|
|
|
|
| NET ASSETS AVAILABLE FOR
BENEFITS |
$ |
24,627,987 |
|
|
$ |
20,360,306 |
See accompanying
notes to financial statements.
2
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS |
|
|
|
| FOR THE YEAR ENDED DECEMBER 31,
2009 |
|
|
|
| |
| |
| CONTRIBUTIONS |
|
|
|
| Participant contributions |
$ |
459,850 |
|
| Employer contributions, net of
forfeitures |
|
1,161,352 |
|
| |
|
|
|
| Total
contributions, net of forfeitures |
|
1,621,202 |
|
| |
|
|
|
| INVESTMENT INCOME |
|
|
|
| Dividends and interest |
|
653,596 |
|
| Net appreciation in fair value of
investments |
|
5,985,663 |
|
| |
| Net investment income |
|
6,639,259 |
|
| |
| DEDUCTIONS |
|
|
|
| Benefits paid to
participants |
|
(3,940,833 |
) |
| Administrative expenses |
|
(51,947 |
) |
| |
| Total
deductions |
|
(3,992,780 |
) |
| |
| INCREASE IN NET ASSETS |
|
4,267,681 |
|
| NET ASSETS AVAILABLE FOR BENEFITS |
|
|
|
| Beginning of year |
|
20,360,306 |
|
| |
| End of year |
$ |
24,627,987 |
|
See accompanying notes to financial
statements.
3
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL
STATEMENTS |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
1. DESCRIPTION OF THE PLAN
The following description of ArvinMeritor, Inc. Hourly Employees Savings
Plan (the “Plan”) is provided for general information purposes only.
Participants should refer to the Plan document for complete
information.
General – The Plan is a defined contribution
retirement savings plan covering certain eligible hourly employees of
ArvinMeritor, Inc. (the “Company” or "ArvinMeritor"). Eligible employees may
participate in the Plan immediately on the date they become employees. The Plan
is administered by the Company’s Employee Benefit Plan Committee and the Plan
Administrator. The trustee for the Plan assets is T. Rowe Price Trust Company.
The Plan is subject to the provisions of the Employee Retirement Income Security
Act of 1974 (“ERISA”).
Employee
Contributions
– Eligible employees may elect to contribute up to 20% of their compensation, by
electing to defer receipt of compensation (pre-tax contribution) or authorizing
deductions from compensation (after-tax contribution), subject to the limits
prescribed under the Internal Revenue Code (“IRC”). Participants can elect to
have their contributions invested in 5% increments in various investment funds.
The Plan allows participants who are at least age 50 by the end of the
plan year to make additional pre-tax contributions up to the limits prescribed
under the IRC.
Employer Matching
Contributions
– Participants are immediately eligible for matching contributions. The
Company’s match varies based on the participant's work location within the
Company. Company matching contributions are invested according to the investment
mix participants have elected for their own contributions. Effective February 1,
2009, the Company suspended the 401(k) employer matching contribution for all
current and future non-union hourly plan participants. The Company match was
reinstated effective November 16, 2009.
Employer Pension
Contributions
– Non-union hourly employees hired on or after October 1, 2005 and certain union
hourly employees receive a Pension Contribution into the Plan in lieu of
accruing benefits under the Company's defined benefit plan. Effective January 1,
2008, hourly non-union employees hired prior to October 1, 2005 who were not 50
years old with at least 10 years of service with the Company, or had at least 20
years of service with the Company began receiving Pension Contributions into the
Plan in the same manner as it is currently done for employees hired after
October 1, 2005. Pension Contributions are fully funded by the Company and are
made to all eligible employees regardless of whether they choose to contribute
to the Plan. Pension Contributions range between 2% and 6% of participants’
compensation. Pension Contributions are invested according to the investment mix
participants have elected for their own contributions.
4
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
Participant
Accounts – Individual
accounts are maintained for each plan participant. Each participant’s account is
credited with the participant’s contributions, the Company’s matching
contributions, Pension Contributions, if applicable, and an allocation of Plan
earnings and is charged with withdrawals and an allocation of Plan losses and
administrative expenses. Allocations are based on participants’ account
balances, as defined. The benefit to which a participant is entitled is the
benefit that can be provided from the participant’s vested account.
Investments – Participants direct the investment of
their contributions and the employer contributions into various investment
options offered by the Plan. The Plan currently offers 20 mutual funds, a common
collective trust fund and the Company’s common stock as investment options for
participants.
Vesting – Amounts attributable to participant
contributions and Company matching contributions are fully vested at all times.
Pension Contributions vest in annual 20% increments beginning with the
completion of the second year of service. Participants become fully vested after
they reach six years of service. Forfeited Pension Contributions are netted
against employer contributions. During the year, the Plan experienced a partial
termination related to the Company’s sale of certain business units. Pension
Contributions of affected participants became fully vested.
Plan
Withdrawals –
Vested amounts contributed may be withdrawn by, or distributed to, a participant
only upon (1) termination of employment or (2) attaining the age of 59 ½.
Pre-tax withdrawals prior to attaining age 59 ½ are not permitted except in the
event of retirement, disability, or as a hardship distribution. Certain income
tax penalties may apply to withdrawals or distributions prior to age 59 ½. Upon
termination of service due to death, disability, retirement, or other reasons, a
participant would generally receive an amount equal to the value of the
participant’s vested interest in his or her account as a lump-sum
distribution.
Transfers – The Company also sponsors a separate
defined contribution savings plan for salaried employees and certain non-union
hourly employees. The Plan allows for employees changing status between union
hourly and certain non-union hourly or salaried to move invested assets to the
Plan that correlates to their current status. During 2009, there were no
transfers.
Participant
Loans
– Participants may borrow from their
accounts an amount not less than $1,000 and not greater than the lesser of (i)
$50,000 less the amount of loans outstanding during the preceding 12-month
period, (ii) amounts in the participant’s account attributable to participant
contributions, or (iii) one-half of the participant’s vested account balance.
The loans are secured by the balances in the respective participants’
accounts.
5
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
Interest is charged at 1% over the prime rate in place at the loan
origination date, which is defined as the base rate on corporate loans posted by
at least 75% of the 30 largest U.S. banks. At year end, interest rates charged
on outstanding balances ranged from 4.25% to 9.25%. The loans are repaid through
payroll deductions over periods not to exceed 60 months unless they are for the
purchase of a primary residence. Payments of principal and interest are
reinvested under the participant’s current investment election for new
contributions. Participants may have only one outstanding loan.
Plan
Termination –
Although the Company has not expressed any intent to terminate the Plan, it
reserves the right to do so at any time. In the event of termination of the
Plan, participants with Pension Contribution balances would become fully
vested.
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Basis of
Accounting –
The financial statements are prepared in accordance with accounting principles
generally accepted in the United States of America.
Investment
Valuation –
The Plan's investments are stated at fair value, except for a stable value
common collective trust fund that primarily invests in benefit-responsive
investment contracts (commonly referred to as a stable value fund), which is
valued at contract value. Contract value represents investments at cost plus
accrued interest income less amounts withdrawn to pay benefits. The fair value
of the stable value common collective trust fund is based on discounting the
related cash flows of the underlying guaranteed investment contracts based on
current yields of similar instruments with comparable durations. Mutual funds
and common stock are reported at fair value based on quoted market prices.
Participant loans are reported at their outstanding balances, which approximate
fair value. The methods described above may produce a fair value calculation
that may not be indicative of net realizable value or reflective of future fair
values. Furthermore, while the Plan believes its valuation methods are
appropriate and consistent with other market participants, the use of different
methodologies or assumptions to determine the fair value of certain financial
instruments could result in different fair value measurement at the reporting
date.
Security Transactions and Investment
Income – Purchases and
sales of securities are reported on a trade-date basis. Dividends are recorded
on the ex-dividend date and interest income is recorded on the accrual
basis.
Administrative
Expenses –
Administrative expenses for services required by the plan document are paid by
the Plan. All expenses not required by the Plan are paid by the Company. The
amounts reported in the financial statements represent administrative expenses
paid by the Plan.
Benefit
Payments –
Benefit payments to participants are recorded upon distribution.
Use of
Estimates –
The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions
that affect the reported amounts of assets and liabilities and changes therein,
and disclosure of contingent assets and liabilities. Actual results could differ
from those estimates.
6
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
Risks and Uncertainties
–The Plan utilizes various investment
instruments which are exposed to various risks related to, among other things,
interest rate, foreign currency, credit, and overall market volatility. Due to
the level of risk associated with certain investment securities, it is
reasonably possible that changes in the values of investment securities will
occur in the near term and that such changes could materially affect the amounts
reported in the financial statements.
Change in Presentation
– The Plan
expanded the presentation of the investment categories in the fair value table
in Note 4 from the prior year’s presentation in accordance with applicable
authoritative guidance.
3. INVESTMENTS
The Plan’s significant investments as of December 31, 2009 and 2008 are
as follows:
| |
|
2009 |
|
2008 |
| |
Mutual Funds - At fair
value: |
|
|
|
|
|
| |
Pimco U.S. Total Return
Admin |
$ |
1,527,568 |
|
$ |
1,533,496 |
| |
Vanguard Institutional Index
Fund |
|
3,499,160 |
|
|
3,243,137 |
| |
Common Collective Trust Fund - At contract value: |
|
|
|
|
|
| |
T. Rowe Price Stable Value Common
Trust Fund |
|
9,004,775 |
|
|
10,477,878 |
| |
Common stock- At fair
value: |
|
|
|
|
|
| |
ArvinMeritor, Inc. |
|
4,102,331 |
|
|
312,220 |
During 2009, the Plan’s investments (including gains and losses on
investments bought and sold, as well as held during the year) appreciated in
value as follows:
| |
Mutual funds |
$ |
2,349,678 |
| |
Common stock - ArvinMeritor, Inc. |
|
3,635,985 |
| |
|
| |
Net appreciation |
$ |
5,985,663 |
| |
|
|
|
7
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
4. FAIR VALUE MEASUREMENTS
Effective January 1, 2008, the Plan adopted the guidance in ASC Topic
820, Fair Value Measurements and
Disclosures. The
guidance provides a fair value hierarchy that prioritizes the inputs to
valuation techniques used to measure fair value. The hierarchy gives the highest
priority to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).
The three levels of the fair value hierarchy under ASC Topic 820 are described
below:
- Fair values determined by
Level 1 inputs use quoted prices in active markets for identical assets or
liabilities that the Plan has the ability to access.
- Fair values determined by
Level 2 inputs use other inputs that are observable, either directly or
indirectly. These Level 2 inputs include quoted prices for similar assets and
liabilities in active markets, and other inputs such as interest rates and
yield curves that are observable at commonly quoted
intervals.
- Level 3 inputs are
unobservable inputs, including inputs that are available in situations where
there is little, if any, market activity for the related asset or
liability.
In instances where inputs used to measure fair value fall into different
levels in the above fair value hierarchy, fair value measurements in their
entirety are categorized based on the lowest level input that is significant to
the valuation. The Plan's assessment of the significance of particular inputs to
these fair value measurements requires judgment and considers factors specific
to each asset or liability.
The Plan also holds other assets and liabilities not measured at fair
value on a recurring basis, including accrued income, accrued liabilities and
payables and unsettled trades. The fair value of these assets and liabilities is
equal to the carrying amounts in the accompanying financial statements due to
the short maturity of such instruments.
Investments measured at fair value on a recurring basis at December 31,
2009 are as follows:
| |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
| |
Mutual Funds: |
|
|
|
|
|
|
|
|
|
|
|
| |
Equity investments |
$ |
6,877,649 |
|
$ |
- |
|
$ |
- |
|
$ |
6,877,649 |
| |
Fixed income investments |
|
1,527,568 |
|
|
- |
|
|
- |
|
|
1,527,568 |
| |
Balanced investments |
|
65,626 |
|
|
- |
|
|
- |
|
|
65,626 |
| |
Retirement-year based
investments |
|
2,721,386 |
|
|
- |
|
|
- |
|
|
2,721,386 |
| |
Common collective fund (1) |
|
- |
|
|
9,283,558 |
|
|
- |
|
|
9,283,558 |
| |
Common stock - ArvinMeritor,
Inc. |
|
4,102,331 |
|
|
- |
|
|
- |
|
|
4,102,331 |
| |
Participant loans |
|
- |
|
|
- |
|
|
319,114 |
|
|
319,114 |
| |
|
| |
Total investments at fair
value |
$ |
15,294,560 |
|
$ |
9,283,558 |
|
$ |
319,114 |
|
$ |
24,897,232 |
8
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
Investments
measured at fair value on a recurring basis at December 31, 2008 are as follows:
| |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
| |
Mutual Funds: |
|
|
|
|
|
|
|
|
|
|
|
| |
Equity investments |
$ |
6,485,313 |
|
$ |
- |
|
$ |
- |
|
$ |
6,485,313 |
| |
Fixed income investments |
|
1,533,496 |
|
|
- |
|
|
- |
|
|
1,533,496 |
| |
Balanced investments |
|
54,127 |
|
|
- |
|
|
- |
|
|
54,127 |
| |
Retirement-year based
investments |
|
929,351 |
|
|
- |
|
|
- |
|
|
929,351 |
| |
Common collective fund (1) |
|
- |
|
|
10,380,569 |
|
|
- |
|
|
10,380,569 |
| |
Common stock - ArvinMeritor,
Inc. |
|
312,220 |
|
|
- |
|
|
- |
|
|
312,220 |
| |
Participant loans |
|
- |
|
|
- |
|
|
547,017 |
|
|
547,017 |
| |
|
| |
Total investments at fair
value |
$ |
9,314,507 |
|
$ |
10,380,569 |
|
$ |
547,017 |
|
$ |
20,242,093 |
(1) This category represents investments in the T. Rowe Price Stable
Value Common Trust Fund that invests primarily in investment contracts, a
variety of fixed income investments which may include corporate bonds, both U.S.
and non-U.S. municipal securities, and wrapper contracts. Investments are valued
at the net asset value per share multiplied by the number of shares held as of
the measurement date.
The following table sets forth a summary of the changes in the fair value
of the Plan's level 3 investment assets for the year ended December 31, 2009:
| |
|
Participant |
| |
|
Loans |
| |
Balance, beginning of
year |
$ |
547,017 |
|
| |
Loan issuances, payments and settlements - net |
|
(227,903 |
) |
| |
Balance, end
of year |
$ |
319,114 |
|
5. TAX STATUS
The Internal Revenue Service has determined and informed the Company by a
letter dated March 17, 2010, that the Plan was designed in accordance with
applicable sections of the IRC.
The Plan Administrator believes that the Plan is currently designed and
being operated in compliance with the applicable requirements of the IRC and is
exempt from federal taxes as of December 31, 2009 and 2008. Therefore, no
provision for income taxes has been included in the Plan’s financial statements.
9
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
6. EXEMPT PARTY-IN-INTEREST TRANSACTIONS
Certain Plan investments are shares of mutual funds managed by T. Rowe
Price Trust Company. T. Rowe Price Trust Company is the trustee as defined by
the Plan and, therefore, these transactions qualify as exempt party-in-interest
transactions.
At December 31, 2009 and 2008, the Plan held 366,935 and 109,551 shares,
respectively, of common stock of ArvinMeritor, with a fair value of $4,102,331
and $312,220, respectively. During the year ended December 31, 2009, the Plan
recorded no dividend income from common stock of ArvinMeritor.
7. RECONCILIATION TO FORM 5500
The net assets on the financial statements differ from the net assets on
the Form 5500 due to a common collective trust fund being recorded at contract
value on the financial statements and at fair value on the Form 5500. The net
assets on the financial statements were lower than those on Form 5500 at
December 31, 2009 by $278,783 and higher at December 31, 2008 by $97,309.
Additionally, the investment
income on the Form 5500 for the year ended December 31, 2009 is higher than that
on the financial statements by $376,092.
10
ARVINMERITOR, INC.
HOURLY EMPLOYEES SAVINGS PLAN
| FORM 5500, SCHEDULE H, PART IV,
LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
| AS OF DECEMBER 31,
2009 |
EIN 38-3354643, Plan No.
335 |
|
|
|
|
Description of
Investment |
|
|
|
|
|
| Identity of
Issuer, |
|
Including Maturity
Date, |
|
|
|
|
|
| Borrower, Lessor |
|
Rate of Interest,
Collateral, |
|
Cost |
|
Current |
| or Similar Party |
|
Par or Maturity
Value |
|
|
|
Value |
|
|
|
|
Mutual Funds |
|
|
|
|
|
| |
Alliance Bernstein |
|
Value
Fund |
|
** |
|
$ |
48,615 |
|
|
Goldman Sachs |
|
Core International Equity
Fund |
|
** |
|
|
600,749 |
|
|
Lord Abbett |
|
Small Cap Value |
|
** |
|
|
175,508 |
|
|
Pimco |
|
U.S. Total Return Admin |
|
** |
|
|
1,527,568 |
|
|
Vanguard |
|
Institutional Index Fund |
|
** |
|
|
3,499,160 |
| * |
T. Rowe Price |
|
Mid-Cap Growth Fund |
|
** |
|
|
968,406 |
| * |
T. Rowe Price |
|
Growth and Income Fund |
|
** |
|
|
1,120,866 |
| * |
T. Rowe Price |
|
Growth Stock Fund |
|
** |
|
|
464,345 |
| * |
T. Rowe Price |
|
Retirement 2005
Fund |
|
** |
|
|
4,605 |
| * |
T. Rowe Price |
|
Retirement 2010
Fund |
|
** |
|
|
70,800 |
| * |
T. Rowe Price |
|
Retirement 2015
Fund |
|
** |
|
|
320,185 |
| * |
T. Rowe Price |
|
Retirement 2020
Fund |
|
** |
|
|
752,760 |
| * |
T. Rowe Price |
|
Retirement 2025
Fund |
|
** |
|
|
268,197 |
| * |
T. Rowe Price |
|
Retirement 2030
Fund |
|
** |
|
|
650,415 |
| * |
T. Rowe Price |
|
Retirement 2035
Fund |
|
** |
|
|
341,560 |
| * |
T. Rowe Price |
|
Retirement 2040
Fund |
|
** |
|
|
274,044 |
| * |
T. Rowe Price |
|
Retirement 2045
Fund |
|
** |
|
|
28,482 |
| * |
T. Rowe Price |
|
Retirement 2050
Fund |
|
** |
|
|
3,622 |
| * |
T. Rowe Price |
|
Retirement 2055
Fund |
|
** |
|
|
6,716 |
| * |
T. Rowe Price |
|
Retirement Income Fund |
|
** |
|
|
65,626 |
| |
|
|
|
|
Common collective trust
fund |
|
|
|
|
|
| * |
T. Rowe Price |
|
Stable Value Common Trust
Fund |
|
** |
|
|
9,283,558 |
| |
| * |
ArvinMeritor |
|
ArvinMeritor, Inc. common
stock |
|
** |
|
|
4,102,331 |
|
|
|
|
|
|
|
|
|
|
| * |
Participant loans |
|
Interest recorded at 1% over
prime, |
|
|
|
|
|
|
|
|
|
(4.25%-9.25%) and
maturities |
|
|
|
|
|
|
|
|
|
up to 60 months |
|
|
|
|
319,114 |
|
|
|
|
|
|
|
|
$ |
24,897,232 |
|
|
|
|
|
|
|
|
|
|
| * |
Party- in-interest |
| ** |
Cost information not
required |
11
SIGNATURES
The Plan. Pursuant to the requirements of the
Securities Exchange Act of 1934, the Plan Administrator has duly caused this
annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
|
ARVINMERITOR,
INC. HOURLY
|
|
|
EMPLOYEES
SAVINGS PLAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Danielle
Riddell |
| |
|
|
|
Danielle Riddell, Plan
Administrator |
June 28, 2010
12