0001104659-04-039778.txt : 20041215 0001104659-04-039778.hdr.sgml : 20041215 20041215160609 ACCESSION NUMBER: 0001104659-04-039778 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041214 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041215 DATE AS OF CHANGE: 20041215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUNT J B TRANSPORT SERVICES INC CENTRAL INDEX KEY: 0000728535 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 710335111 STATE OF INCORPORATION: AR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11757 FILM NUMBER: 041204991 BUSINESS ADDRESS: STREET 1: 615 JB HUNT CORPORATE DR CITY: LOWELL STATE: AR ZIP: 72745 BUSINESS PHONE: 5018200000 8-K 1 a04-14916_18k.htm 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 14, 2004

J.B. HUNT TRANSPORT SERVICES, INC.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

Arkansas	0-11757	71-0335111
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION	Commission File Number	(IRS EMPLOYER IDENTIFICATION NO.)

615 J.B. Hunt Corporate Drive Lowell, Arkansas	72745	(479) 820-0000
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)	(ZIP CODE)	(Registrant’s telephone number)

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:

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

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

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

o 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 14, 2004, the registrant issued a news release announcing that its Board of Directors raised the Company’s quarterly dividend from 3 cents to 12 cents per outstanding share of common stock and authorized the repurchase of up to $100 million of its common stock over the next year. A copy of the news release is filed as an exhibit to this Form 8-K.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

99.1 Press Release dated December 14, 2004.

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 thereunto duly authorized, in the city of Lowell, Arkansas, on the 14th day of December 2004.

	J.B. HUNT TRANSPORT SERVICES, INC.


	BY:	/s/ Kirk Thompson
		Kirk Thompson
		President and Chief Executive Officer


	BY:	/s/ Jerry W. Walton
		Jerry W. Walton
		Executive Vice President, Finance and Administration, Chief Financial Officer


	BY:	/s/ Donald G. Cope
		Donald G. Cope
		Senior Vice President, Controller, Chief Accounting Officer

EX-99.1 2 a04-14916_1ex99d1.htm EX-99.1

Exhibit 99.1

J.B. Hunt Transport Services, Inc.	Contact: Kirk Thompson
615 J.B. Hunt Corporate Drive	President and
Lowell, Arkansas 72745	Chief Executive Officer
(NASDAQ: JBHT)	(479) 820-8110

FOR IMMEDIATE RELEASE

J. B. HUNT TRANSPORT SERVICES, INC. RAISES DIVIDEND AND AUTHORIZES SHARE
REPURCHASE PROGRAM

LOWELL, ARKANSAS, December 14, 2004 - J. B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced today that its Board of Directors raised the Company’s quarterly dividend from 3 cents to 12 cents per outstanding share of common stock and authorized the repurchase of up to $100 million of its common stock over the next year.

“J.B. Hunt Transport Services has shown tremendous success in improving margins over the last several years. We have been executing a clear strategy of rebuilding our Truck and Dedicated Contract Services’ earnings potential while paying off virtually all of our debt on the balance sheet. At this point, we are likely facing a prolonged, sustainable period of strong cash generation from operating activities associated with those businesses and our industry leading Intermodal franchise. Acquisitions have never been our preferred method of growth and we do not anticipate a situation that would warrant a large investment of cash for such a purpose. We project our cash flow to be more than adequate to fund the internal growth anticipated across our three business segments. We fully expect to have the flexibility to invest in these growth opportunities while returning value to our shareholders through a substantial increase in the dividend and a share repurchase program. This action is based upon our long-term expectations of strong cash flow and not upon any change in our outlook for earnings for the current quarter or for 2005,” stated Kirk Thompson, President and Chief Executive Officer.

The cash dividend is payable February 18, 2005, to shareholders of record on January 31, 2005.

This press release contains forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 7 of our Annual Report filed on Form 10-K for the year ended December 31, 2003. We assume no obligation to update any forward looking statement to the extent we become aware that it will not be achieved for any reason. This press release and related information will be available immediately to interested parties at the Company’s web site: www.jbhunt.com.

Date of Report (Date of earliest event reported):

December 14, 2004

Arkansas

0-11757

71-0335111