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 - February 13, 1997
Commission file Number 0-14781
M.S. Carriers, Inc.
(Exact name of Registrant as specified in its charter.)
Tennessee 62-1014070
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3171 Directors Row, Memphis, TN 38131
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (901) 332-2500
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M.S. Carriers, Inc.
Index to Form 8-K
Contents
Item 1. Changes in Control of Registrant ...............................*
Item 2. Acquisition or Disposition of Assets............................*
Item 3. Bankruptcy or Receivership......................................*
Item 4. Changes in Registrant's Certifying Accountant...................*
Item 5. Other Events....................................................2
Item 6. Resignation of Registrant's Directors...........................*
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits........................................*
Signatures ..............................................................25
* No information submitted under this caption.
Item 5. Other Events
On February 13, 1997, M.S. Carriers, Inc.'s Chairman and Chief Executive
Officer, Michael S. Starnes, made a presentation to the Seventh Annual
Transportation Conference sponsored by Alex. Brown & Sons, Inc. The
presentation included (i) an oral discussion of the financial performance
of M.S. Carriers, Inc., and (ii) handout (described below) which included
a compilation of information regarding the financial performance of M.S.
Carriers, Inc., including some forward-looking statements. The following
is a description of the handout materials used by Mr. Starnes during his
presentation.
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Description: Cover Page of Handout with M.S. Carriers, Inc.'s name and
registered service mark
Content: M.S. Carriers, Inc.
February 13, 1997
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Description: Introductory Letter from Michael S. Starnes on
M.S. Carriers, Inc.'s Letterhead
Content:
M.S. Carriers
Mike Starnes
Chairman/CEO
February 13, 1997
Dear Ladies & Gentlemen:
Attached is a copy of the slides from my February 13, 1997
presentation to the Seventh Annual Transportation Conference sponsored
by Alex. Brown & Sons, Inc. This presentation contains some forward-looking
statements of the financial performance of M.S. Carriers, Inc.
These statements are made in accordance with our current expectations
and depend on the assumptions that 1) M.S. Carriers will have
reasonable access to recruiting and retaining experienced drivers,
students for our driving academy, and owner operators at our current
compensation level; 2) demand and pricing for the markets served by
M.S. Carriers will remain at recent levels; 3) fuel prices will remain
at or below current levels; and 4) our accident experience will remain
at historical levels.
Sincerely,
s/ Mike Starnes
Mike Starnes
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Description: Bar Graph for Operating Ratio
Content: 1995 - 92.6
1996 - 93.0
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Description: Bar Graph for Operating Ratio
Content: 1995 - 92.6
1996 - 94.7
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Description: Bullet Chart for Influential Factors Affecting OR
Content: Influential Factors Affecting OR:
- Rate Per Mile
- Fuel
- Accidents
- Driver Pay
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Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion
Content: Rate Per Mile 1.6
Operating Points
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Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion
Content: Rate Per Mile 1.6
Fuel 0.6
Operating Points
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Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion
Content: Rate Per Mile 1.6
Fuel 0.6
Accident 0.8
Operating Points
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Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion
Content: Rate Per Mile 1.6
Fuel 0.6
Accident 0.8
Driver Pay 0.7
Operating Points
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Description: Complete Pie Chart for 1995 vs. 1996 OR Erosion
Content: Rate Per Mile 1.6
Fuel 0.6
Accident 0.8
Driver Pay 0.7
Operating Points
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Description: Bullet Chart for 1997 Plan of Action
Content: 1997 Plan of Action
Driving Profitable Growth
- Capacity
- Revenue Growth
- Operating and Overhead Cost
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Description: Bar Graph for Truck Capacity showing unchanging levels of
company-owned trucks and increasing numbers of owner-operator
trucks for 1995, 1996, and 1997
Contents: Truck Capacity
Driving Profitable Growth
1995 - 2,310
1995 - 2,465
1996 - 2,800
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Description: Bar Graph for Revenue for years 1995, 1996, 1997 in millions
of dollars
Content: Revenue
Driving Profitable Growth
1995 - $333 million
1996 - $340 million
1997 - $400 million
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Description: Pie Chart for 1997 Anticipated Trucking Growth
Contents: 1997 Anticipated Trucking Growth
Driving Profitable Growth
80% - Existing Customers
20% - New Customers
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Description: Bar Graph for M.S. Logistics Revenue for 1995, 1996 and
1997 in millions of dollars
Content: M.S. Logistics Revenue
Driving Profitable Growth
1995 - $18 million
1996 - $23 million
1997 - $46 million
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Description: Bullet Chart for 1997 Revenue Plan of Action
Content: 1997 Revenue Plan of Action
Driving Profitable Growth
- Realistic - Not Pie in the Sky
- Basic Blocking and Tackling
- Stable Utilization
- Holding Revenue Per Mile
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Description: Pie Chart for 1995 vs. 1996 OR Erosion
Content: 1995 vs. 1996 OR Erosion
What Does This Mean For 1997?
Rate Per Mile 1.6
Fuel 0.6
Accident 0.8
Driver Pay 0.7
Operating Points
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Description: Bullet Chart for Driver Issues
Content: Driver Issues
Driving Profitable Growth
- Wait and See on Pay Issue
- Adding Owner Operators
- M.S. Driving Academy
- Full Capacity
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Description: 1997 Century Trucks with Photograph of a M.S. Carriers, Inc.
tractor and trailer
Content: 1997 Century Trucks
Driving Profitable Growth
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Description: Combination Bar and Line Graph for Revenue/Non-Driver Trend
for 1995, 1996, and 1997 showing number of employees (bar
graph) compared to revenue in millions of dollars (line graph)
Content: Revenue/Non-Driver Trend
Driving Profitable Growth
1995 - employees - 841
- revenue - $333 million
1996 - employees - 799
- revenue - $340 million
1997 - employees - 767
- revenue - $400 million
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Description: Bar Graph for Capital Expenditures for 1995, 1996, and 1997
in millions of dollars
Content: Capital Expenditures
Driving Profitable Growth
1995 - $74 million
1996 - $34 million
1997 - $55 million
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Description: Photograph of a M.S. Carriers, Inc. tractor and trailer
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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 thereunto duly authorized.
M.S. Carriers, Inc.
(Registrant)
Date: February 13, 1997 s/ Daniel P. Goodspeed
Daniel P. Goodspeed, Controller
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