-----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, WuhRmwYLpXhePnBC8DTXBXeqBwSgdBfxlvaTBGpN9WeDC5Z2IIUlvT+tUs9tp9ei /hlAdQ+knOUGUbM6OUxmcw== 0000790372-97-000002.txt : 19970222 0000790372-97-000002.hdr.sgml : 19970222 ACCESSION NUMBER: 0000790372-97-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970213 ITEM INFORMATION: Other events FILED AS OF DATE: 19970213 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MS CARRIERS INC CENTRAL INDEX KEY: 0000790372 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 621014070 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14781 FILM NUMBER: 97530896 BUSINESS ADDRESS: STREET 1: 3171 DIRECTORS ROW STREET 2: P O BOX 30788 CITY: MEMPHIS STATE: TN ZIP: 38131 BUSINESS PHONE: 9013322500 8-K 1 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 - February 13, 1997 Commission file Number 0-14781 M.S. Carriers, Inc. (Exact name of Registrant as specified in its charter.) Tennessee 62-1014070 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 3171 Directors Row, Memphis, TN 38131 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (901) 332-2500 - 1 - M.S. Carriers, Inc. Index to Form 8-K Contents Item 1. Changes in Control of Registrant ...............................* Item 2. Acquisition or Disposition of Assets............................* Item 3. Bankruptcy or Receivership......................................* Item 4. Changes in Registrant's Certifying Accountant...................* Item 5. Other Events....................................................2 Item 6. Resignation of Registrant's Directors...........................* Item 7. Financial Statements, Pro Forma Financial Information and Exhibits........................................* Signatures ..............................................................25 * No information submitted under this caption. Item 5. Other Events On February 13, 1997, M.S. Carriers, Inc.'s Chairman and Chief Executive Officer, Michael S. Starnes, made a presentation to the Seventh Annual Transportation Conference sponsored by Alex. Brown & Sons, Inc. The presentation included (i) an oral discussion of the financial performance of M.S. Carriers, Inc., and (ii) handout (described below) which included a compilation of information regarding the financial performance of M.S. Carriers, Inc., including some forward-looking statements. The following is a description of the handout materials used by Mr. Starnes during his presentation. - 2 - Description: Cover Page of Handout with M.S. Carriers, Inc.'s name and registered service mark Content: M.S. Carriers, Inc. February 13, 1997 - 3 - Description: Introductory Letter from Michael S. Starnes on M.S. Carriers, Inc.'s Letterhead Content: M.S. Carriers Mike Starnes Chairman/CEO February 13, 1997 Dear Ladies & Gentlemen: Attached is a copy of the slides from my February 13, 1997 presentation to the Seventh Annual Transportation Conference sponsored by Alex. Brown & Sons, Inc. This presentation contains some forward-looking statements of the financial performance of M.S. Carriers, Inc. These statements are made in accordance with our current expectations and depend on the assumptions that 1) M.S. Carriers will have reasonable access to recruiting and retaining experienced drivers, students for our driving academy, and owner operators at our current compensation level; 2) demand and pricing for the markets served by M.S. Carriers will remain at recent levels; 3) fuel prices will remain at or below current levels; and 4) our accident experience will remain at historical levels. Sincerely, s/ Mike Starnes Mike Starnes - 4 - Description: Bar Graph for Operating Ratio Content: 1995 - 92.6 1996 - 93.0 - 5 - Description: Bar Graph for Operating Ratio Content: 1995 - 92.6 1996 - 94.7 - 6 - Description: Bullet Chart for Influential Factors Affecting OR Content: Influential Factors Affecting OR: - Rate Per Mile - Fuel - Accidents - Driver Pay - 7 - Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion Content: Rate Per Mile 1.6 Operating Points - 8 - Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion Content: Rate Per Mile 1.6 Fuel 0.6 Operating Points - 9 - Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion Content: Rate Per Mile 1.6 Fuel 0.6 Accident 0.8 Operating Points - 10 - Description: Partial Pie Chart for 1995 vs. 1996 OR Erosion Content: Rate Per Mile 1.6 Fuel 0.6 Accident 0.8 Driver Pay 0.7 Operating Points - 11 - Description: Complete Pie Chart for 1995 vs. 1996 OR Erosion Content: Rate Per Mile 1.6 Fuel 0.6 Accident 0.8 Driver Pay 0.7 Operating Points - 12 - Description: Bullet Chart for 1997 Plan of Action Content: 1997 Plan of Action Driving Profitable Growth - Capacity - Revenue Growth - Operating and Overhead Cost - 13 - Description: Bar Graph for Truck Capacity showing unchanging levels of company-owned trucks and increasing numbers of owner-operator trucks for 1995, 1996, and 1997 Contents: Truck Capacity Driving Profitable Growth 1995 - 2,310 1995 - 2,465 1996 - 2,800 - 14 - Description: Bar Graph for Revenue for years 1995, 1996, 1997 in millions of dollars Content: Revenue Driving Profitable Growth 1995 - $333 million 1996 - $340 million 1997 - $400 million - 15 - Description: Pie Chart for 1997 Anticipated Trucking Growth Contents: 1997 Anticipated Trucking Growth Driving Profitable Growth 80% - Existing Customers 20% - New Customers - 16 - Description: Bar Graph for M.S. Logistics Revenue for 1995, 1996 and 1997 in millions of dollars Content: M.S. Logistics Revenue Driving Profitable Growth 1995 - $18 million 1996 - $23 million 1997 - $46 million - 17 - Description: Bullet Chart for 1997 Revenue Plan of Action Content: 1997 Revenue Plan of Action Driving Profitable Growth - Realistic - Not Pie in the Sky - Basic Blocking and Tackling - Stable Utilization - Holding Revenue Per Mile - 18 - Description: Pie Chart for 1995 vs. 1996 OR Erosion Content: 1995 vs. 1996 OR Erosion What Does This Mean For 1997? Rate Per Mile 1.6 Fuel 0.6 Accident 0.8 Driver Pay 0.7 Operating Points - 19 - Description: Bullet Chart for Driver Issues Content: Driver Issues Driving Profitable Growth - Wait and See on Pay Issue - Adding Owner Operators - M.S. Driving Academy - Full Capacity - 20 - Description: 1997 Century Trucks with Photograph of a M.S. Carriers, Inc. tractor and trailer Content: 1997 Century Trucks Driving Profitable Growth - 21 - Description: Combination Bar and Line Graph for Revenue/Non-Driver Trend for 1995, 1996, and 1997 showing number of employees (bar graph) compared to revenue in millions of dollars (line graph) Content: Revenue/Non-Driver Trend Driving Profitable Growth 1995 - employees - 841 - revenue - $333 million 1996 - employees - 799 - revenue - $340 million 1997 - employees - 767 - revenue - $400 million - 22 - Description: Bar Graph for Capital Expenditures for 1995, 1996, and 1997 in millions of dollars Content: Capital Expenditures Driving Profitable Growth 1995 - $74 million 1996 - $34 million 1997 - $55 million - 23 - Description: Photograph of a M.S. Carriers, Inc. tractor and trailer - 24 - 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. M.S. Carriers, Inc. (Registrant) Date: February 13, 1997 s/ Daniel P. Goodspeed Daniel P. Goodspeed, Controller - 25 - -----END PRIVACY-ENHANCED MESSAGE-----