-----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, IwlEPLh4YYraFI6aEv4AMQGregop9V5HPdBji8XGwVvqGpNo2oSN2Qr2DildjAu7 tPNO8RV0uaIery1O3II9+w== 0000922907-06-000051.txt : 20060119 0000922907-06-000051.hdr.sgml : 20060119 20060119164944 ACCESSION NUMBER: 0000922907-06-000051 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060119 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060119 DATE AS OF CHANGE: 20060119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLLINS INDUSTRIES INC CENTRAL INDEX KEY: 0000021759 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 430985160 STATE OF INCORPORATION: MO FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12619 FILM NUMBER: 06538688 BUSINESS ADDRESS: STREET 1: 15 COMPOUND DR CITY: HUTCHINSON STATE: KS ZIP: 67502 BUSINESS PHONE: 6206635551 MAIL ADDRESS: STREET 1: 15 COMPOUND DRIVE STREET 2: PO BOX 648 CITY: HUTCHINSON STATE: KS ZIP: 67502 8-K 1 form8k_011906.htm FORM 8-K Form 8-K


--------------------------------------------------------------------------------
                                  UNITED STATES
                       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): January 19, 2006
                     --------------------------------------
                            Collins Industries, Inc.
             (Exact name of registrant as specified in its charter)
                     --------------------------------------

         Missouri                        0-12619                  43-0985160
(State or other jurisdiction          (Commission               (IRS Employer
     of incorporation)                File Number)           Identification No.)

         15 Compound Drive, Hutchinson, KS                          67502
     (Address of principal executive offices)                     (Zip Code)

       Registrant's telephone number, including area code: (620) 663-5551

                                 Not Applicable
         (Former name or former address, if changed since last report.)

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 (see General Instruction A.2. below):

[ ]  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))

- --------------------------------------------------------------------------------


                                       1





Item 8.01 Other Events.

     Collins Industries, Inc., a Missouri corporation (the "Company"), held a
Special Meeting of Shareholders on January 19, 2006 at 10:00 a.m., Central
Standard Time, at which time the shareholders voted in favor of a reverse stock
split of the outstanding shares of the Company's common stock (the "Common
Stock") in a ratio of 1-for-300, immediately followed by a forward stock split
of the outstanding shares of the Common Stock in a ratio of 300-for-1 (the
"Reverse/Forward Stock Split"). The proposal passed with a majority vote of the
holders of the outstanding shares of the Common Stock. The aggregate number of
shares of Common Stock represented in person or by proxy at the Special Meeting
represented 74.32% of the 6,633,013 issued and outstanding shares of Common
Stock and constituted a quorum for the transaction of business.

     The Reverse/Forward Stock Split became effective upon the filing of the
Certificates of Amendment to the Company's Articles of Incorporation on January
19, 2006 with the Missouri Secretary of State. Each shareholder holding fewer
than 300 shares of Common Stock immediately prior to the effectiveness of the
reverse stock split (the "Cashed Out Shareholders") had such shares cancelled
and converted into the right to receive $7.70 for each share of Common Stock
held immediately prior to the reverse stock split. The number of shares of
Common Stock held by each shareholder holding 300 or more shares of Common Stock
prior to the reverse stock split (the "Continuing Shareholders") remains
unchanged after the consummation of the Reverse/Forward Stock Split. The
Company's exchange agent will send a letter of transmittal to the Cashed Out
Shareholders and Continuing Shareholders with instructions for exchanging their
Common Stock certificates for cash or new stock certificates, as the case may
be.

     As a result of the Reverse/Forward Stock Split, the Company has fewer than
300 record holders of its Common Stock, permitting the Company to terminate the
registration of its Common Stock with the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended. Concurrently with the
filing of this Form 8-K, the Company is filing for termination of such
registration. The press release is furnished under Item 9.01 of this Form 8-K as
Exhibit 99.1, which is incorporated by reference herein.

Item 9.01  Financial Statements and Exhibits.

     (c)  Exhibits

     99.1 Collins Industries, Inc. Press Release dated January 19, 2006.


                                       2





                                    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.



                                       COLLINS INDUSTRIES, INC.


Date:  January 19, 2006
                                       By:  /s/ Cletus C. Glasener
                                          --------------------------------------
                                       Name:    Cletus C. Glasener
                                       Title:   Vice President of Finance and
                                                Chief Financial Officer


                                       3


EX-99 2 form8kexh991_011906.htm EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1
NEWS RELEASE


Collins Industries, Inc.             Contact:  Cletus Glasener
15 Compound Drive                              Vice President of Finance and CFO
Hutchinson, Kansas 67502-4349                  620-663-5551

For Immediate Release
January 19, 2006


                          Collins Announces Shareholder
                  Approval of Shareholder Reduction Transaction

Hutchinson, Kansas, January 19, 2006 ...... Collins Industries, Inc. (COLL.PK)
announced today that at a Special Meeting of Shareholders held on January 19,
2006, a majority of its shareholders approved a 1-for-300 reverse stock split of
the Company's outstanding common stock to be followed immediately by a 300-for-1
forward stock split (the "Reverse/Forward Stock Split"). The Reverse/Forward
Stock Split will take effect upon the filing of the Certificates of Amendment to
the Company's Articles of Incorporation on January 19, 2006 with the Missouri
Secretary of State. As a result of the transaction, the Company is expected to
have fewer than 300 shareholders of record, permitting the Company to terminate
the registration of its common stock with the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended. The Company intends to
file for termination of such registration on or prior to January 20, 2006. The
Company anticipates that its common stock will continue to be quoted on the Pink
Sheets, which is the current platform upon which the Company's common stock is
quoted.

As of January 19, 2006, shareholders who had fewer than 300 shares of the
Company's common stock held of record in their name immediately before the
transaction will have such shares cancelled and converted into the right to
receive a cash payment equal to $7.70 per pre-split share. Shareholders holding
300 or more shares of the Company's common stock immediately before the
transaction will not be entitled to receive cash payment and will continue to
hold the same number of shares after completion of the transaction.

Approximately three weeks from now, the Company's exchange agent will send a
letter of transmittal to the cashed out shareholders and continuing shareholders
with instructions for exchanging their Common Stock certificates for cash or new
stock certificates, as the case may be. Shareholders should not do anything with
their stock certificates until they receive instruction.

Collins Industries, Inc. is a leading manufacturer of ambulances (including
medical attack vehicles, rescue vehicles and fire emergency vehicles), North
America's largest producer of Type "A" small school buses, the nation's second
largest manufacturer of terminal trucks and a leader in the road construction
and industrial sweeper markets. Since 1971, the Company has grown to
approximately 1000 employees in six plants comprising over one million combined
square feet of manufacturing space. The Company sells its products throughout
the United States and abroad.

This press release contains historical and forward-looking information. The
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. The Company believes the
assumptions underlying these forward-looking statements are reasonable; however,
any of the assumptions could be inaccurate, and therefore, actual results may
differ materially from those projected in the forward-looking statements due to
certain risks and uncertainties, including, but not limited to, the availability
of key raw materials, components and chassis, changes in funds budgeted by
Federal, state and local governments, changes in competition, various inventory
risks due to changes in market conditions, changes in product demand,
substantial dependence on third parties for product quality, interest rate
fluctuations, adequate direct labor pools, development of new products, changes
in tax and other governmental rules and regulations





applicable to the Company, reliability and timely fulfillment of orders and
other risks as indicated in the Company's filings with the Securities and
Exchange Commission. The Company undertakes no obligation to publicly release
any revisions to any forward-looking statements contained herein to reflect
events or circumstances occurring after the date released or to reflect the
occurrence of unanticipated events.


                                   ##########


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-----END PRIVACY-ENHANCED MESSAGE-----