SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC
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): February 15, 2000
TRISM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-23210 13-3491658
(State or Other Jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4174 Jiles Road, Kennesaw, Georgia 30144
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (770) 795-4600
ITEM 5. OTHER EVENTS
On February 15, 2000, the Registrant issued a press release, included as an
exhibit to this Report, announcing that it had consummation of its Plan of
Reorganization. The information set forth in the press release is hereby
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NO. EXHIBIT
----------- -------
99.1 Press Release issued February 15, 2000
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.
TRISM, INC.
By: /S/ JAMES G. OVERLEY
-----------------------------------------
James G. Overley
Senior Vice President and Chief Financial
Officer
Date: February 18, 2000
Exhibit 99.1
TRISM, Inc. Announces Exit from Chapter 11
KENNESAW, Ga., Feb. 16 /PRNewswire/ -- TRISM, Inc. (OTC Bulletin Board: TRSMQ -
news), the nation's leading transportation company that specializes in the
transportation of heavy weight, over-dimensional, environmental, and secured
materials (the "Company") announced today the consummation of its Plan of
Reorganization. In accordance with the Plan, the Company converted $86.2 million
of existing Senior Subordinated Notes into an aggregate principal amount of $30
million of New Senior Subordinated Notes, due 2005, bearing interest at the rate
of 12% per annum and 95% of the new common stock of the reorganized TRISM.
Existing common stockholders will receive 5% of the new common stock of the
reorganized TRISM. Under the Plan, the Company significantly reduced its
long-term debt, will pay all trade debt in full, secured a multiyear $42.5
million financing arrangement and, under the direction of its current management
team, will continue with its multifaceted specialized transportation and
logistics operations.
Ed McCormick, Chairman of the Board and Chief Executive Officer of TRISM, Inc.
stated the following, "We are pleased to bring closure to this process and look
forward to successfully building on a leaner and well capitalized TRISM. I would
like to personally thank our customers, suppliers, lenders and management team
for their support and efforts during this process. Our entire Company is excited
about the opportunities at TRISM as we continue setting the standard of being
the premier specialized transportation company in North America."
This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. Although the Company believes the expectations
contained in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct. This information may
involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Factors which could cause or
contribute to such differences include but are limited to, factors detailed in
the Company's Securities and Exchange Commission filings.
For more information on TRISM, visit their website at www.trism.com.