UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 6, 2018
SPARTAN MOTORS, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Michigan (State or Other Jurisdiction of Incorporation) |
001-33582 (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. ☐
Explanatory Note
This current report on Form 8-K/A is being filed as an amendment (“Amendment No. 1”) to the Form 8-K dated April 10, 2018 (the “Original 8-K”) filed by Spartan Motors, Inc. (the “Company”), and updates disclosures made under Item 5.02, Departure of Directors or Certain Officers; Election of Director; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers regarding the appointment of Thomas R. Clevinger to the Company’s Board of Directors. The sole purpose of this Amendment No. 1 is to replace the version of the press release previously filed as Exhibit 99.1 to the Original 8-K with the version attached to this Form 8-K/A as Exhibit 99.1.
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Item 9.01 |
Financial Statements and Exhibits |
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(d) |
Exhibits |
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99.1 |
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 16, 2018 |
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/s/ Thomas T. Kivell |
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By: Thomas T. Kivell |
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Its: Vice President, Secretary and Chief Counsel |
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Exhibit 99.1
Spartan Motors Announces Addition of Thomas Clevinger to its Board of Directors
Bringing Deep Domain Expertise in Aftermarket Parts and Service as Incumbent Directors Richard Current and James Orchard Retire
CHARLOTTE, Mich., April 10, 2018 – Spartan Motors, Inc. (NASDAQ:SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today announced that Thomas R. Clevinger has been appointed to the Company’s Board of Directors. Additionally, Spartan announced that incumbent Directors Richard R. Current and James C. Orchard are both retiring and will be stepping down from the Company’s Board of Directors following the annual meeting of shareholders on May 23, 2018.
As Spartan works aggressively to achieve its strategic growth plans into 2020, strengthening the Board-level leadership of the Company has been an ongoing focus. The addition of Mr. Clevinger to the Board of Directors brings extensive expertise in the global commercial vehicle business through his 30 year career, which includes Navistar, Inc. and PACCAR, Inc. Most recently, Mr. Clevinger was Senior Vice President/Managing Director – Global at Navistar, where he managed all lines of business outside of the U.S. and Canada, accounting for in excess of $1 billion in annual revenue. At PACCAR, Mr. Clevinger was responsible for the parts operations in Europe and was on the senior management team for parts operations in North America, which is an area of focus for Spartan. Mr. Clevinger was also appointed to the Board’s Audit Committee.
James Sharman, Chairman of the Board, commented on Mr. Clevinger’s appointment, “We are excited to welcome Tom to Spartan’s Board of Directors. We are confident that his significant career experience with two major commercial vehicle manufacturers will benefit Spartan as we continue on our growth path. We look forward to his contribution to our Board, particularly as we look to continuously grow and improve our parts and service offerings.”
Mr. Clevinger previously served on the board of management of DAF Trucks N.V., a leading manufacturer of trucks and subsidiary of PACCAR, based in the Netherlands, and as an Executive Board Member of the International Service Logistics Association, a network of professionals dedicated to Customer Service and Service Logistics that focuses on service management and spare parts logistics on an international level. Mr. Clevinger holds a Bachelor of Science Degree in Business and a Master of Arts degree in Leadership and Organizational Development from the City University of Seattle.
"I am pleased to join Spartan Motors' Board of Directors, and am confident my background and experience, particularly with the parts business and logistics, will enhance Spartan’s focus on building its aftermarket parts and service business into a world-class operation,” commented Mr. Clevinger. “I look forward to working together with such a strong Board of Directors and management team to achieve the Company’s long-term strategic vision.”
Mr. Sharman concluded, “Additionally, we would like to thank Rick and Jim for their service to the Board. Their insights and experience have been highly valued by the Board and executive management of Spartan. We acknowledge their years in steadfast support of Spartan and wish them the best in their future endeavors.”
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 2,300 associates, and operates facilities in Michigan, Indiana, Pennsylvania, Missouri, Wisconsin, Nebraska, South Dakota; Saltillo, Mexico; and Lima, Peru. Spartan reported sales of $707 million in 2017. Visit Spartan Motors at www.spartanmotors.com.
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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. |
| (517) 997-3860 | (517) 997-3862 |
Spartan Motors, Inc.