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 6, 2006
(Exact name of Registrant as specified in its charter)
Nevada | 0-24806 | 62-1378182 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
4080 Jenkins Road Chattanooga, TN | 37421 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (423) 510-3000
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 | Entry into a Material Definitive Agreement. |
On April 6, 2006, the Compensation Committee of the Board of Directors (the “Committee”) of U.S. Xpress Enterprises, Inc., a Nevada corporation (the “Company”), approved restricted stock awards to certain executive officers of the Company under the Company’s 2002 Stock Incentive Plan (the “Plan”), previously filed as Annex A to the Company’s Proxy Statement for its 2002 Annual Meeting of Stockholders on April 15, 2002. Subject to the terms of the award notices, twenty-five percent (25%) of the restricted stock awards will vest on each of the first through fourth anniversaries of the date of grant.
The following table sets forth the awards to each executive officer.
Name and Position | Restricted Shares |
Patrick E. Quinn Co-Chairman, President, and Treasurer | 25,000 |
Max L. Fuller Co-Chairman, Chief Executive Officer, Secretary, and President – Xpress Global Systems, Inc. | 25,000 |
Ray M. Harlin Executive Vice President – Finance and Chief Financial Officer | 10,000 |
Jeffrey S. Wardeberg Executive Vice President – Operations | 10,000 |
William K. Farris Senior Vice President and General Manager of Dedicated Strategic Business Unit | 4,412 |
The terms of the restricted stock awards are governed by the Plan and a written award notice in the form attached to this report as Exhibit 10.50.
Item 9.01 | Financial Statements and Exhibits. |
| (d) Exhibits. |
| EXHIBIT NUMBER | EXHIBIT DESCRIPTION |
| 10.50 | Form of Restricted Stock Award Notice under 2002 Stock Incentive Plan |
SIGNATURE
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.
| | U.S. XPRESS ENTERPRISES, INC. |
Date: April 12, 2006 | BY: | /s/Ray M. Harlin Ray M. Harlin
Chief Financial Officer |
| | |
EXHIBIT INDEX
| EXHIBIT NUMBER | EXHIBIT DESCRIPTION |
| 10.50 | Form of Restricted Stock Award Notice under 2002 Stock Incentive Plan |
