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UNITED STATES
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 11, 2001
OTR EXPRESS, INC.
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(Exact name of registrant as specified in charter)
KANSAS 1-19773 48-0993128
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(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
804 N. MEADOWBROOK DRIVE, OLATHE, KS 66062
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(Address of Principal Executive Offices) (Zip Code)
(913) 829-1616
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
OLATHE, KS (May 11, 2001) - OTR Express, Inc. (Amex: OTR), announced today that
it has applied to the Securities and Exchange Commission ("Commission") to
remove its shares of Common Stock, par value $0.01 per share ("Common Stock"),
from listing on the American Stock Exchange ("AMEX").
William P. Ward, President and CEO of OTR, explained, "OTR has not met AMEX
continued listing requirements for some time and is no longer eligible for
continued dealings on AMEX." Mr. Ward noted that AMEX has consented to OTR's
filing with the SEC for such delisting.
Trading in shares of OTR Common Stock has been halted by AMEX since OTR
announced, on May 9, 2001, that it will cease operations within 60 days and
liquidate and that shareholders should not expect any distributions in such
liquidation. OTR has been informed by AMEX that it anticipates that trading will
remain halted until the delisting is completed. OTR expects that the delisting
will be granted by the SEC in the next several weeks, whereupon it is unknown
whether and to what extent a trading market will exist for the Common Stock.
For further information, please contact Steve Ruben, chief financial officer,
OTR Express, at (913) 829-1616, extension 3102, or visit www.otrx.com.
Various statements in this press release regarding the company's business which
are not historical facts are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such statements are based on current expectations and are
subject to risks and uncertainties. Actual results could differ materially from
current expectations due to a number of factors, including general economic and
market conditions, regulatory issues, fuel price volatility, pricing pressures,
the availability and compensation of qualified drivers and owner operators,
availability of cost-effective financing, interest rate fluctuations, the
ability of the Company to realize the benefits of its shut down plan, tractor
and trailer resale values and other factors. Readers should review and consider
the various disclosures made by the company in this press release, in its
reports to stockholders, and periodic reports on Form 10-K, 10-Q and 8-K filed
with the Securities and Exchange Commission (SEC). The Company undertakes no
obligation to update publicly or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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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 hereunto duly authorized.
OTR EXPRESS, INC.
Date: May 11, 2001 By: /s/ William P. Ward
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William P. Ward
President and Chief Executive Officer