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): September 22, 2016
SPARTAN MOTORS, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Michigan (State or Other Jurisdiction of Incorporation) |
0-13611 (Commission File No.) |
38-2078923 (IRS Employer Identification No.) |
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1541 Reynolds Road, Charlotte, Michigan (Address of Principal Executive Offices) |
48813 (Zip Code) |
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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Written communications pursuant to Rule 425 under the Section Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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)) |
Item 8.01 Other Events
On September 22, 2016, Spartan Motors, Inc. (the "Company") issued a press release announcing an award from the United States Postal Service to build fully functional prototypes for the Next Generation Delivery Vehicle program. A copy of the press release is attached to this Current Report as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated September 22, 2016 announcing the award from the United States Postal Service to build a prototype for a delivery vehicle.
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: September 23, 2016 |
/s/ Frederick J. Sohm |
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By: Frederick J. Sohm |
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Its: Chief Financial Officer |
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Exhibit 99.1
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United States Postal Service Awards Spartan Motors’ Utilimaster
Prototype Contract for Next Generation Delivery Vehicle Program
CHARLOTTE, Mich., September 21, 2016 - Spartan Motors, Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today announced that its Spartan Fleet Vehicles and Services (FVS) business unit — which encompasses the Utilimaster go-to-market brand—received an award from the United States Postal Service (USPS) to build fully functional prototypes for the Next Generation Delivery Vehicle (NGDV) Program. The NGDV Program is a part of the Postal Service’s test and evaluation process undertaken as part of its plans to replace its aging delivery fleet.
Utilimaster was one of six vehicle manufacturers selected to receive the prototype award as part of a comprehensive USPS Request for Proposal (RFP) process. Utilimaster has previously supplied the USPS with mail route delivery vehicles and is recognized as a leader in fleet vehicle design and production.
“We are pleased to be among a select group of vehicle makers to win the USPS prototype award, further validating our focus on and investments in engineering, forward-looking technology and world-class manufacturing,” said Daryl Adams, President and Chief Executive Officer of Spartan Motors. “We are approaching this opportunity with the goal of providing the USPS with both improved performance, operating efficiency, and improved cost effectiveness. We expect our NGDV protoypes will incorporate new technologies to better accommodate a diverse mail and package mix, enhance safety, improve service and reduce emissions. With our proprietary R&D process and manufacturing know-how, our vehicles and upfits will be customized to align with the USPS’ universal service mandate to deliver the mail almost every day to every address.”
The USPS awarded $3.6 million to Spartan for the working prototypes, which are to be delivered no later than Sept. 16, 2017, one year from the prototype award. The USPS has indicated they will test prototypes for a six-month period. Production requirements and future vehicle replacement award(s) will be determined by the Postal Service after NGDV Prototype testing.
About Spartan Motors
Spartan Motors, Inc. is a leading designer, engineer, manufacturer and marketer of a broad range of specialty vehicles, specialty chassis, vehicle bodies and parts for the fleet and delivery, recreational vehicle (RV), emergency response, defense forces and contract assembly (light/medium duty truck: Class 3, 4 and 5) markets. The Company's brand names - Spartan Motors, Spartan Specialty Vehicles, Spartan Emergency Response, Spartan Parts and Accessories, and Utilimaster®, a Spartan Motors Company - are known for quality, durability, performance, customer service and first-to-market innovation. The Company employs approximately 1,800 associates at facilities in Michigan, Pennsylvania, South Dakota and Indiana. Spartan reported sales of $550 million in 2015. Visit Spartan Motors at www.spartanmotors.com.
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CONTACT:
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Samara Hamilton |
Juris Pagrabs |
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Corporate Director of Marketing |
Treasurer & Director of Investor Relations |
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Spartan Motors, Inc. |
Spartan Motors, Inc. |
| (517) 997-3860 | (517) 997-3862 |