-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BoeOUcm8X/QSD74TGlZ3Tyf0qQrxciKgvpoXKdTsJZ9UsBItHB7+muWYhkZOK4nQ YSxeqO8o/ajMqZZG0JOvRw== 0001000577-02-000010.txt : 20020610 0001000577-02-000010.hdr.sgml : 20020610 20020607155425 ACCESSION NUMBER: 0001000577-02-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020607 ITEM INFORMATION: Other events FILED AS OF DATE: 20020607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIMON TRANSPORTATION SERVICES INC CENTRAL INDEX KEY: 0001000577 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 870545608 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27208 FILM NUMBER: 02673768 BUSINESS ADDRESS: STREET 1: 5175 W 2100 SOUTH STREET 2: P O BOX 26297 CITY: SALT LAKE CITY STATE: UT ZIP: 84123 BUSINESS PHONE: 8007779100 MAIL ADDRESS: STREET 1: P O BOX 26297 CITY: SALT LAKE CITY STATE: UT ZIP: 84126-0297 8-K 1 f8k060702.txt CURRENT REPORT UNITED STATES 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 reported) June 7, 2002 Simon Transportation Services, Inc. ----------------------------------- (Exact name of registrant as specified in its chapter) Nevada 0-27208 87-0545608 ------ ------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 5175 W. 2100 S. P.O.Box 26297 West Valley City, UT 85123 - -------------------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (800) 777-9100 -------------- ----------------------------------------------------------- Former name or former address, if changed since last report Item 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 Press release announcing intention to file liquidation plan and cancel interests of common shareholders. Item 9. Regulation FD Disclosure. The issuer announced on June 7, 2002 its intention to file a liquidation plan in its bankruptcy proceedings which would cancel the interests of all common shareholders. A copy of the press release is attached as an exhibit to this Report. SIGNATURE 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. SIMON TRANSPORTATION SERVICES INC., a Nevada corporation ------------------------------------------ (Registrant) Date: June 7, 2002 By: /s/ Robert T. Goates - -------------------- -------------------------------------- (Signature) Robert T. Goates Chief Financial Officer (Principal Financial and Accounting Officer) EX-99 3 pr060702.txt PRESS RELEASE DATED JUNE 7, 2002 EXHIBIT INDEX Exhibit Page in Sequentially Numbered Copy 99.1 Press release announcing intention to file 1 liquidation plan and cancel interests of common shareholders. Simon Transportation Announces Intention to File a Liquidation Plan and to Cancel the interests of all common shareholders. Salt Lake City, Utah, June 7, 2002 - - Simon Transportation Services, Inc. (OTCBB SIMQE) and its subsidiary, Dick Simon Trucking, Inc. (the "Company") announced today several important developments in its bankruptcy proceedings, including its intention to file a liquidation plan and cancel the interests of all common shareholders. On April 8, 2002, the Bankruptcy Court for the District of Utah, Central Division in Salt Lake City issued an order approving the previously announced (see the Company's March 11, 2002 press release) bid for the acquisition of substantially all of the assets of the Company from Central Freight Refrigerated Services ("Central Freight"), a wholly owned subsidiary of Central Freight Lines, Inc. an entity controlled by Mr. Jerry Moyes (the Company's current majority stockholder). On April 22, 2002, the Company closed the sale of substantially all of its assets to Central Freight. In addition, Central Freight assumed certain of the Company's liabilities. Although this transaction represented a significant benefit to the Company, the Company's liabilities currently exceed its assets by a substantial margin. The Company expects that unsecured creditors will receive, at best, cents on the dollar for their claims. Accordingly, the Company does not expect the holders of its common stock to receive any return of their investment or any distribution under the liquidation plan. With regard to the sale to Central and the future of the Company, Chief Financial Officer Rob Goates said: "We are very pleased that after the sale of substantially all of our assets, the Company's former operations and employees have continued under the ownership and management of Central Freight Refrigerated Services. However, following the sale it is clear that the Company does not have sufficient assets or revenue-generating capacity to pay its liabilities or to continue operations of any kind. It is therefore our intention to file a liquidating plan, part of which will be a proposal to cancel the interests of the holders of the Company's common stock. On June 6, 2002 we sent notification to market makers in the Company's stock and major broker-dealers of our intentions and requested that they cease making markets and trading in our stock." For additional information contact: Rob Goates, Chief Financial Officer (801) 924-7000 -----END PRIVACY-ENHANCED MESSAGE-----