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 28, 2004
SPARTAN MOTORS, INC.
(Exact name of registrant as
specified in its charter)
|
Michigan |
0-13611 |
38-2078923 |
|
|
1165 Reynolds Road |
|
|
|
Registrant's telephone number,
including area code: (517) 543-6400
|
Item 7. |
Financial Statements, Pro Forma Financial Information, and Exhibits. |
|
(c) |
Exhibits: The following document is included as an exhibit to this report on Form 8-K: |
|
99.1 |
Spartan Motors, Inc. Press Release dated April 28, 2004. |
|
Item 9. |
Regulation FD Disclosure and Results of Operations and Financial Condition. |
On April 28, 2004, Spartan Motors, Inc. issued the press release attached as Exhibit 99.1 to this Form 8-K concerning its regular cash dividend. This report and the exhibit are "furnished" and are not considered "filed" with the Securities and Exchange Commission.
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 thereunto duly authorized.
|
|
SPARTAN MOTORS, INC. |
|
|
|
|
|
|
|
|
|
|
Date: April 28, 2004 |
By /s/ James W. Knapp |
|
|
James W. Knapp |
EXHIBIT INDEX
|
Exhibit Number |
|
Document |
|
|
|
|
|
99.1 |
|
Spartan Motors, Inc. Press Release dated April 28, 2004. |
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONTACT: John Sztykiel, CEO, or Jim Knapp, CFO
Spartan Motors, Inc. (517) 543-6400
or
Jeff Lambert, Tim Hanson (mail@lambert-edwards.com)
Lambert, Edwards & Associates, Inc. (616) 233-0500
Spartan Motors Increases Regular Cash Dividends
CHARLOTTE, Michigan, April 28, 2004 - Spartan Motors, Inc. (NASDAQ: SPAR) today announced a 60 percent increase in its regular cash dividends, reflecting the Company's strong financial position and desire to bring value to its shareholders. Spartan's board of directors declared bi-annual cash dividends of $0.08 per share, or $0.16 per share for the year.
The Charlotte, Mich.-based manufacturer of custom motorhome chassis, fire truck chassis and emergency-rescue vehicles said the first $0.08 per share dividend is payable on June 14, 2004 to shareholders of record at the close of business on May 14, 2004.
Spartan said the second dividend payment of $0.08 per share will be paid in the fourth quarter of 2004 and its board intends to announce the record and pay dates for the second payment following its October board meeting. Special dividends for 2004 will also be considered at that meeting. In 2003, Spartan's board of directors instituted bi-annual regular cash dividends. This marks the 16th consecutive year Spartan Motors has paid dividends to its shareholders.
"Last year we initiated bi-annual dividends to supplement Spartan's tradition of paying special cash dividends and to enhance the value of Spartan shares," said John Sztykiel, chief executive officer of Spartan Motors. "This year we have significantly increased the regular cash dividends. In addition, the board remains committed to considering special dividends on an annual basis as part of its desire to provide shareholders with a maximum rate of return on their investment."
About Spartan Motors
Spartan Motors, Inc. (www.spartanmotors.com) designs, engineers and manufactures custom chassis and vehicles for the recreational vehicle, fire truck, ambulance and emergency-rescue markets. The company's brand names - SpartanTM, Crimson FireTM, Crimson Fire AerialsTM and Road RescueTM - are known in their market niches for quality, value, service and being the first to market with innovative products. Spartan Motors employs approximately 700 at facilities in Michigan, Alabama, Pennsylvania, South Carolina, and South Dakota and is publicly traded on The Nasdaq Stock Market under the ticker symbol SPAR.
###