0001157523-11-007349.txt : 20111230 0001157523-11-007349.hdr.sgml : 20111230 20111230090030 ACCESSION NUMBER: 0001157523-11-007349 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111229 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111230 DATE AS OF CHANGE: 20111230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Otter Tail Corp CENTRAL INDEX KEY: 0001466593 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 270383995 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53713 FILM NUMBER: 111288005 BUSINESS ADDRESS: STREET 1: 215 S CASCADE ST STREET 2: PO BOX 496 CITY: FERGUS FALLS STATE: MN ZIP: 56538-0496 BUSINESS PHONE: 866-410-8780 MAIL ADDRESS: STREET 1: 215 S CASCADE ST STREET 2: PO BOX 496 CITY: FERGUS FALLS STATE: MN ZIP: 56538-0496 FORMER COMPANY: FORMER CONFORMED NAME: Otter Tail Holding Co DATE OF NAME CHANGE: 20090618 8-K 1 a50117989.htm OTTER TAIL CORPORATION 8-K

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


Date of report (Date of earliest event reported):  December 29, 2011


OTTER TAIL CORPORATION
(Exact name of registrant as specified in its charter)

Minnesota

0-53713

27-0383995

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

215 South Cascade Street, P.O. Box 496, Fergus Falls, MN      

56538-0496

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:  (866) 410-8780

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 8.01     Other Events

On December 29, 2011, Otter Tail Corporation completed the sale of its trucking business, E.W. Wylie to Walden Smokey Point, Inc., a holding company based in Dallas, TX for approximately $25.0 million in cash. The proceeds from the sale are expected to be used for general corporate purposes.

Item 9.01     Financial Statement and Exhibits

(d)     Exhibits

99.1  Press Release issued December 29, 2011.

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, thereunto duly authorized.

OTTER TAIL CORPORATION

Date:

December 30, 2011

 

 

 

 

By:

/s/ George A. Koeck          

George A. Koeck

General Counsel & Corporate Secretary

2

EXHIBIT INDEX

Exhibit

Description of Exhibit

 
99.1

Press release, dated December 29, 2011

3

EX-99.1 2 a50117989ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Otter Tail Corporation Sells E.W. Wylie

Trucking Business sold to Walden Smokey Point, Inc.

December 29, 2011, Fargo, ND – Otter Tail Corporation today announced it has sold its trucking business, E.W. Wylie to Walden Smokey Point, Inc., a holding company based in Dallas, TX. Walden’s operating company, Smokey Point Distributing, is a leader in flatbed/heavy haul trucking based in the Pacific Northwest.

E.W Wylie will continue to be operated independently, with the trucking company headquarters remaining in West Fargo, ND.  “This is a great outcome for both Otter Tail Corporation and Walden Smokey Point,” said Otter Tail Corporation Interim CEO Edward J. “Jim” McIntyre. “It is consistent with our stated strategy of realigning our business portfolio, while also adding value to Walden Smokey Point’s complementary interests in the transportation field.” Don R. Daseke, Chief Executive Officer of Walden Smokey Point, Inc.,  added, “ This transaction will enable us to leverage the considerable industry expertise that exists between our flatbed/heavy haul trucking business, Smokey Point Distributing, and that of E.W. Wylie.  Smokey Point and Wylie will work together to better serve all customers.”

About E. W. Wylie:  Founded in 1938, E.W. Wylie Corporation specializes in flatbed trucking and trucking logistics. Wylie service lanes run within the 48 contiguous states as well as Alaska and Canada.  Wylie specializes in moving fabricated steel, agriculture machinery, tubing, construction equipment, as well as oil gas industry components. Wylie operates from its primary terminal in West Fargo with other terminals in Denver, CO and Tyler, TX.

About Smokey Point Distributing:  Smokey Point Distributing (SPD) is an established leader in the flatbed/heavy haul trucking industry. SPD specializes in the handling of large, irregular and difficult to transport cargo and aerospace parts, as well as less-than-truckload (LTL), truckload (TL) and general commodities transportation.  SPD has one of the largest fleets in the nation of retractable curtain vans in both flatbed and step deck trailers.  The Company was founded in 1979 and currently operates out of a primary terminal located in Arlington, WA, just north of Seattle with other terminals in Pomona, CA, Wichita, KS and Charleston, SC.

About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and energy services company, wind energy, health services, and infrastructure businesses that include manufacturing, construction and plastics. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.