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 JULY 23, 2004 --------------------------------------------------------------- Date of report (Date of earliest event reported) SMITHWAY MOTOR XPRESS CORP. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) NEVADA 000-20793 42-1433844 - ------------------------ ------------------------ ------------------- (State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 2031 QUAIL AVENUE, FORT DODGE, IOWA 50501 ---------------------------------------- --------- (Address of Principal Executive Offices) (Zip Code) (515) 576-7418 ------------------------------------------------------------------------ (Registrant's Telephone Number, Including Area Code) Item 7. Financial Statements and Exhibits. (c) Exhibit ------- 99 Press Release dated July 23, 2004 Item 12. Results of Operations and Financial Condition. On July 23, 2004, Smithway Motor Xpress Corp. (the "Company") reported its financial results for its second fiscal quarter ended June 30, 2004. See the Company's press release dated July 23, 2004, which is furnished as Exhibit 99 hereto. In the press release, the Company provides net earnings for the six months ended June 30, 2004 and the related per share amount excluding the effects of tax-free life insurance proceeds. The measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from operational income and per share measures used by other companies. We believe that the presentation of net earnings and the related per share amount excluding the one-time effect of our receipt of life insurance proceeds provides useful information to investors regarding business trends relating to our financial condition and results of ongoing operations. 2 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. SMITHWAY MOTOR XPRESS CORP. Date: July 23, 2004 /s/ Douglas C. Sandvig ----------------------------------- Douglas C. Sandvig Senior Vice President, Chief Financial Officer and Treasurer 3 EXHIBIT INDEX No. Description Manner of Filing - --- ----------- ---------------- 99 Press Release dated July 23, 2004 ......... Filed Electronically