-----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, AlXsWAEY49vlKuENjmQzglByFuMIWQSifdWH6bU0hARua8c7PzDfKsC9MUuiSitU TVFm8fBpyK/bV2+GP9cCbQ== 0000039273-09-000047.txt : 20090721 0000039273-09-000047.hdr.sgml : 20090721 20090721112656 ACCESSION NUMBER: 0000039273-09-000047 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090720 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090721 DATE AS OF CHANGE: 20090721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FROZEN FOOD EXPRESS INDUSTRIES INC CENTRAL INDEX KEY: 0000039273 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 751301831 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10006 FILM NUMBER: 09954503 BUSINESS ADDRESS: STREET 1: 1145 EMPIRE CENTRAL PLACE CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 2146308090 8-K 1 form8k.htm SECOND QUARTER EARNING RELEASE TIMING AND CONTINUED COST SAVINGS INITIATIVE form8k.htm
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 event reported)
July 20, 2009
 
FROZEN FOOD EXPRESS INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)

 
(State or Other Jurisdiction of Incorporation)
  1-10006
COMMISSION FILE NUMBER
75-1301831
(IRS Employer Identification No.)
 
1145 Empire Central Place
Dallas, Texas 75247-4305
(Address of Principal Executive Offices)
 
 
 
(214) 630-8090
(Registrant's telephone number, including area code)

 
 
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:
r
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
r
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
r
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
r
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 July 20, 2009, Frozen Food Express Industries, Inc. issued a news release announcing the timing of the second quarter earnings release and its continued cost savings initiatives.  A copy of the news release is furnished, but not filed, as Exhibit 99.1 to this Current Report on Form 8-K.
 
 

  ITEM 9.01.
Financial Statements and Exhibits
(a)
Financial statements of business acquired.
 
Not applicable.
(b)
Pro-forma financial information.
 
Not applicable.
(c)
Shell company transactions.
 
Not applicable.
(d)
Exhibits
 
99.1
Press Release dated July 20, 2009, regarding the timing of the second quarter earnings release and continued cost savings initiative.



 
 

 
 

 
 

 
 

 
 

 
 

 
 

 

 

 

 

 

 

 

   SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
FROZEN FOOD EXPRESS INDUSTRIES, INC.
 
 
Dated: July 21, 2009
 
By:
 
/s/ Ronald J. Knutson                             
   
Ronald J. Knutson  
Senior Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
 

 



 
 

 
 

 
 

 
 

 
 

 
 

 
 

 

 

 

 


   
     
Exhibit Title
 
99.1
Press Release dated July 20, 2009, regarding the timing of the second quarter earnings release and continued cost savings initiative. 
 
 

EX-99.1 CHARTER 2 exh99_1.htm PRESS RELEASE DATED 07-20-09 exh99_1.htm
EXHIBIT 99.1
Frozen Food Express Industries, Inc.
Announces 2nd Quarter Earnings Release Date And Continued Cost Savings Initiatives


 
DALLAS, July 20, 2009 (GLOBE NEWSWIRE) -- Frozen Food Express Industries, Inc. (Nasdaq:FFEX) today announced that it anticipates to release its 2nd quarter results on Thursday, August 6th after the market closes.
 
The company also announced that its truckload and less-than-truckload volumes and earnings continue to be negatively impacted by the severe economic recession.  “The company continues to experience downward pricing pressure as excess capacity continues within the transportation industry”, said Mit Stubbs, President and Chief Executive Officer. The company continues to focus on protecting its market share while providing the highest service levels to its customers and continues to execute on its comprehensive cost reduction initiative to reduce many of its non-variable costs. The company's non-driver headcount has been reduced approximately 200 positions or 23 percent since January 1st including approximately 50 positions that were eliminated within the last two weeks. Since the beginning of the year, the company has taken significant action to reduce many of its operating costs including, but not limited to, elimination of non-driver positions, suspension of its 401(k) match, reduction of standard work week hours, decrease of its recruiting efforts, early termination of equipment leases, reduction of travel expenses and streamlining existing processes.
 
While the company expects to generate an operating loss in the 2nd quarter, the company continues to be in a strong cash position with no debt outstanding under its revolving credit agreement as of the end of the quarter.
 
 
About FFEX
 
 
Frozen Food Express Industries, Inc. is one of the leading temperature-controlled truckload and less-than-truckload carriers in the United States with core operations in the transport of temperature-controlled products and perishable goods including food, health care and confectionery products. Service is offered in over-the-road and intermodal modes for temperature-controlled truckload and less-than-truckload, as well as dry truckload. We also provide brokerage/logistics services, as well as dedicated fleets to our customers. Additional information about Frozen Food Express Industries, Inc. can be found at the http://www.ffex.net.  To join our email alert list, please click on the following link: http://financials.ffex.net/alerts.cfm. FFE's common stock is traded on the Nasdaq Global Select market under the symbol FFEX.
 
 
Forward-Looking Statements
 
 
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Forward-looking statements include statements relating to plans, strategies, objectives, expectations, intentions, and adequacy of resources, and may be identified by words such as "will", "could", "should", "believe", "expect", "intend", "plan", "schedule", "estimate", "project", and similar expressions. Those statements are based on current expectations and are subject to uncertainty and change.
 
Although our management believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Should one or more of the risks or uncertainties underlying such expectations not materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected.
 
Among the key factors that are not within our management's control and that may cause actual results to differ materially from those projected in such forward-looking statements are demand for the company's services and products, and its ability to meet that demand, which may be affected by, among other things, competition, weather conditions and the general economy, the availability and cost of labor and owner-operators, the ability to negotiate favorably with lenders and lessors, the effects of terrorism and war, the availability and cost of equipment, fuel and supplies, the market for previously-owned equipment, the impact of changes in the tax and regulatory environment in which the company operates, operational risks and insurance, risks associated with the technologies and systems used and the other risks and uncertainties described in our filings with the Securities and Exchange Commission. Readers should review and consider these factors along with the various disclosures by the Company in its press releases, stockholder reports and filings with the Securities and Exchange Commission. The company does not assume, and specifically disclaims, any obligation to update or revise any forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking information.
 
 
CONTACT:  Frozen Food Express Industries, Inc.
          Stoney M. "Mit" Stubbs, Jr., Chairman and CEO
          Russell Stubbs, SVP and COO
          John Hickerson, SVP and CMO
          Ronald Knutson, SVP and CFO
          (214) 630-8090
          ir@ffex.net
 
 
 
 

 

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