SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 17, 2002
U.S. XPRESS ENTERPRISES, INC.
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(Exact name of registrant as specified in its charter)
Nevada 0-24806 62-1378182
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4080 Jenkins Road, Chattanooga, Tennessee 37421
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (423) 510-3000
Item 4. Changes in Registrant's Certifying Accountant
On May 17, 2002, the Board of Directors of U.S. Xpress Enterprises, Inc. (the
"Company"), upon recommendation of its Audit Committee, made a determination not
to engage Arthur Andersen LLP ("Arthur Andersen") as the Company's independent
public accountants and engaged Ernst & Young LLP to serve as the Company's
independent public accountants for the fiscal year 2002.
Arthur Andersen's reports on the Company's consolidated financial statements for
each of the fiscal years ended December 31, 2001 and December 31, 2000 did not
contain an adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2001 and December 31, 2000 and the
interim period between December 31, 2001 and the filing date of this Current
Report on Form 8-K, there were no disagreements between the Company and Arthur
Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which, if not resolved to
Arthur Andersen's satisfaction, would have caused them to make reference to the
subject matter of the disagreement in connection with their report on the
Company's consolidated financial statements for such periods. Additionally,
during such periods there were no reportable events as defined in Item
304(a)(1)(v) of Regulation S-K.
The Company provided Arthur Andersen with a copy of the foregoing disclosures.
Attached as Exhibit 16 is a copy of Arthur Andersen's letter dated May 17, 2002,
stating its agreement with such statements.
During the fiscal years ended December 31, 2001 and December 31, 2000 and
through the filing date of this Current Report on Form 8-K, the Company did not
consult Ernst & Young LLP with respect to the application of accounting
principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's consolidated financial
statements, or any other matters or reportable events as set forth in Items
304(a)(2)(i) and (ii) of Regulation S-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16 Letter from Arthur Andersen LLP to the U.S. Securities and
Exchange Commission dated May 17, 2002.
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.
Date: May 23, 2002 U.S. XPRESS ENTERPRISES, INC.
By: /s/ Patrick E. Quinn
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Patrick E. Quinn
President
By: /s/ Ray M. Harlin
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Ray M. Harlin
Principal Financial Officer