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): May 25, 2017
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
| (b) | Departure of Certain Officers |
On May 25, 2017, Spartan Motors, Inc. (the “Company”) announced that John Forbes, President of Fleet Vehicles and Services, will be retiring effective June 2, 2017. Attached is a press release issued May 25, 2017 announcing Mr. Forbes’ retirement and the appointment of Tom Ninneman as President of the Company’s Fleet Vehicles and Services segment.
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Item 9.01 |
Financial Statements and Exhibits |
| (d) | Exhibits |
| 99.1 Press release dated May 25, 2017 announcing the retirement of John Forbes and appointment of Tom Ninneman as President of Fleet Vehicles and Services. |
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: May 25, 2017 |
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/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
Spartan Motors Appoints Tom Ninneman as President, Fleet Vehicles and Services
CHARLOTTE, Mich., May 25, 2017 - Spartan Motors, Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today announced the appointment of Tom Ninneman as President of Fleet Vehicles and Services (FVS), which includes the Utilimaster® and Spartan Upfit Services brands, effective June 2. Ninneman will succeed John Forbes, who is retiring from the role he has served in since July, 2010.
Ninneman most recently served as the Chief Operating Officer of Smeal Fire Apparatus Co., an industry-leading innovator and manufacturer of fire apparatus in North America, which Spartan acquired earlier this year. Prior to joining Smeal, he served as the President of Taylor Corporation, and has also served in a variety of operating and managerial roles at Oshkosh Corporation, a manufacturer of specialty vehicles and vehicle bodies. He brings over 25 years of business and leadership experience to the FVS segment, including 10 years anchored in custom vehicle manufacturing across the emergency response, construction, and defense markets.
“We are pleased to welcome Tom as the new president of our Fleet Vehicles and Services business unit,” said Daryl Adams, President and Chief Executive Officer. “We have already begun this transition and are confident that Tom is the right fit to help drive operational performance to the next level. He brings extensive industry experience and expertise in client management and problem solving, which will benefit our team and our customers for years to come.”
John Forbes joined the Utilimaster Corporation as its Chief Financial Officer in 2009. Less than one year later, he transitioned into the role of President, where he has since focused on building the team, supporting customers, increasing revenues, and improving profitability. Forbes will continue to work with the Company until June 2 to support a seamless transition.
“John and his team have grown Fleet Vehicles and Services sales from $113 million in 2010 to over $278 million last year,” added Adams. “After many years of manning the helm, he has graciously assisted us in transitioning the role to Tom, and we could not be more grateful for his service to the Company. I want to thank him, on behalf of everyone at Spartan and our Board of Directors, for his numerous contributions over the past several years. We wish him all the best going forward.”
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) markets. The Company's brand names — Spartan Motors, Spartan Specialty Vehicles, Spartan Emergency Response, Spartan Parts and Accessories; Smeal® and its family of brands, including Ladder Tower™ and UST®; and Utilimaster®, a Spartan Motors Company — are known for quality, durability, performance, customer service and first-to-market innovation. The Company employs approximately 2,200 associates and operates facilities in Michigan, Indiana, Pennsylvania, Missouri, Wisconsin, Nebraska, South Dakota; Saltillo, Mexico; and Lima, Peru. Spartan reported sales of $591 million in 2016. Visit Spartan Motors at www.spartanmotors.com.
Spartan Motors, Inc.
This release contains several forward-looking statements that are not historical facts, including statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations. These statements can be identified by words such as "believe," "expect," "intend," "potential," "future," "may," "will," "should," and similar expressions regarding future expectations. These forward-looking statements involve various known and unknown risks, uncertainties, and assumptions that are difficult to predict with regard to timing, extent, and likelihood. Therefore, actual performance and results may materially differ from what may be expressed or forecasted in such forward-looking statements. Factors that could contribute to these differences include operational and other complications that may arise affecting the implementation of our plans and business objectives; continued pressures caused by economic conditions and the pace and extent of the economic recovery; challenges that may arise in connection with the integration of new businesses or assets we acquire or the disposition of assets; restructuring of our operations, and/or our expansion into new geographic markets; issues unique to government contracting, such as competitive bidding processes, qualification requirements, and delays or changes in funding; disruptions within our dealer network; changes in our relationships with major customers, suppliers, or other business partners, including Isuzu; changes in the demand or supply of products within our markets or raw materials needed to manufacture those products; and changes in laws and regulations affecting our business. Other factors that could affect outcomes are set forth in our Annual Report on Form 10-K and other filings we make with the Securities and Exchange Commission (SEC), which are available at www.sec.gov or our website. All forward-looking statements in this release are qualified by this paragraph. Investors should not place undue reliance on forward-looking statements as a prediction of actual results. We undertake no obligation to publicly update or revise any forward-looking statements in this release, whether as a result of new information, future events, or otherwise.
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CONTACT:
| Media: | Investors: |
| Samara Hamilton | Juris Pagrabs |
| Corporate Director of Marketing | Group Treasurer & Director of Investor Relations |
| Spartan Motors, Inc. | Spartan Motors, Inc. |
| samara.hamilton@spartanmotors.com | juris.pagrabs@spartanmotors.com |
| (517) 997-3860 | (517) 997-3862 |
Spartan Motors, Inc.