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 1, 2011
SPARTAN MOTORS, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Michigan
(State or Other Jurisdiction
of Incorporation)
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0-13611
(Commission File No.)
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38-2078923
(IRS Employer
Identification No.)
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1541 Reynolds Road, Charlotte, Michigan
(Address of Principal Executive Offices)
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48813
(Zip Code)
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517-543-6400
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(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:
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£
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Written communications pursuant to Rule 425 under the Section Act (17 CFR 230.425)
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£
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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£
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events
On April 1, 2011, Spartan Motors, Inc. (the "Company") issued a press release announcing the completion of its acquisition of Ocala, FL-based Classic Fire. A copy of the press release is attached to this Current Report as Exhibit 99.1.
The information in this Item 8.01 and the attached Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Section 9.01 Financial Statements and Exhibits
(d) Exhibits
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99.1
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Press Release dated April 1, 2011 regarding the acquisition of Classic Fire.
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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.
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SPARTAN MOTORS, INC.
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Dated: April 1, 2011
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/s/ Joseph M. Nowicki | ||
| By: | Joseph M. Nowicki | ||
| Its: | Chief Financial Officer | ||
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Exhibit 99.1
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Spartan Motors, Inc.
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| 1541 Reynolds Rd. - Charlotte, MI 48813 - USA
Telephone 517.543.6400 - Facsimile 517.543.5403
Web Page – www.spartanmotors.com
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FOR IMMEDIATE RELEASE
Classic Fire Acquisition Completed by Spartan Motors
Charlotte, MI – April 1, 2011 – Spartan Motors, Inc. (NASDAQ: SPAR) today announced it has completed the acquisition of Classic Fire, a designer and manufacturer of fire apparatus known for performance, innovation and practicality. The acquisition was announced on March 7, 2011 with a transaction close date of April 1st.
“Today’s announcement supports Spartan Motors’ strategic intent of pursuing a blended growth strategy that is focused on three areas; organic growth through our existing markets and product innovation, corporate alliances such as that which we have solidified with Isuzu Commercial Trucks of America, and acquisitions; said John Sztykiel, President and CEO of Spartan Motors. “We are very optimistic about the improved opportunities and long-term growth potential in the emergency response market resulting from this acquisition,” said Sztykiel.
Strategic Fit
Classic Fire is a strategic acquisition that:
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Enables Spartan to cover more segments, applications, and customer needs than ever before due to the complementary product offerings
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Allows Spartan Motors to better meet the price points required of an industry challenged by weaknesses in municipal funding
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Provides expanded coverage of a key growth segment and enriches Spartan with industry experts that complement those in place at Spartan Chassis, Inc. and Crimson Fire, Inc.
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About Spartan Motors, Inc.
Spartan Motors, Inc. designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response, government services, defense, and service and delivery markets. The Company's brand names – SpartanTM, Crimson FireTM, Crimson Fire AerialsTM, Classic FireTM, and Utilimaster® - are known for quality, value, service and first-to-market innovation. The Company employs approximately 1,600 at facilities in Michigan, Pennsylvania, South Dakota, Indiana, Florida, and Texas. Spartan reported sales of $481 million in 2010 and is focused on becoming a global leader in the design, engineering and manufacture of specialty vehicles and chassis. Visit Spartan Motors at www.spartanmotors.com.
Contact:
Russell T. Chick
Corporate Director of Marketing
Spartan Motors, Inc.
517.997.3852
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