-----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, HGL55vUVodyhX97IuGHZ+DtC12E0AXWwJ04SLSEZ+19xK8KPN73Ifp9EzllzpE5Z 62N649nMwl/zfBUJACd15Q== 0000793765-97-000012.txt : 19970929 0000793765-97-000012.hdr.sgml : 19970929 ACCESSION NUMBER: 0000793765-97-000012 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19970911 EFFECTIVENESS DATE: 19970911 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: KLLM TRANSPORT SERVICES INC CENTRAL INDEX KEY: 0000793765 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 640412551 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: S-8 SEC ACT: SEC FILE NUMBER: 333-35365 FILM NUMBER: 97678809 BUSINESS ADDRESS: STREET 1: 3475 LAKELAND DR CITY: JACKSON STATE: MS ZIP: 39288 BUSINESS PHONE: 6019392545 MAIL ADDRESS: STREET 1: P.O.BOX 6098 CITY: JACKSON STATE: MS ZIP: 39288 S-8 1 Registration No. ____________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM S-8 REGISTRATION STATEMENT Under the Securities Act of 1933 _______________ KLLM TRANSPORT SERVICES, INC. (Exact name of registrant as specified in its charter) Delaware 64-0412551 (State or other juris- (I.R.S. Employer diction of incorporation Identification or organization) No.) 3475 Lakeland Drive, Jackson, Mississippi 39208 (Address of Principal Executive Offices) (Zip Code) _______________ KLLM TRANSPORT SERVICES, INC. 1996 STOCK OPTION PLAN (Full title of the plan) STEVEN K. BEVILAQUA, PRESIDENT KLLM Transport Services, Inc. 3475 Lakeland Drive Jackson, Mississippi 39208 (601) 939-2545 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: WES DAUGHDRILL, ESQ. Young, Williams, Henderson & Fuselier, P.A. 2000 Deposit Guaranty Plaza Post Office Box 23059 Jackson, Mississippi 39225-3059 Approximate date of commencement of proposed sale to the public: September 11, 1997. CALCULATION OF REGISTRATION FEE Title of Amount to be Proposed Proposed Amount of Securities to be Registered Maximum Maximum Registration Registered Offering Price Aggregate Fee Per Unit Offering Price - ----------------------------------------------------------------------------- Common Stock $1 Par Value 5,835(1) $ 11.25(3) $65,643.75 $ 19.89 Common Stock $1 Par Value 7,000(1) $ 10.00(3) $70,000.00 $ 21.21 Common Stock $1 Par Value 20,618(1) $ 11.75(3) $242,261.50 $ 73.41 Common Stock $1 Par Value 166,547(2) $ 12.00(4) $1,998,564.00 $605.63 - ---------------------------------------------------------------------------- TOTALS 200,000 N/A $2,376,469.30 $720.14 ______________________________________________________________________________
(1) Shares subject to outstanding options granted under the Registrant's 1996 Stock Option Plan. (2) Shares which may be issued upon the exercise of options which may be granted in the future under the Registrant's 1996 Stock Option Plan. (3) Determined in accordance with Rule 457(h), the maximum offering price is based upon the price at which the options may be exercised. (4) Determined in accordance with Rule 457(h) and (c), the maximum offering price is based on the closing price of the Registrant's Common Stock as reported on the NASDAQ National Market System on September 8, 1997. KLLM TRANSPORT SERVICES, INC. Cross Reference Sheet Pursuant to Item 501(b) of Regulation S-K Item Number and Caption Caption or Location in Prospectus - ----------------------- --------------------------------- 1(a) General Plan Information Outside Front Cover of Prospectus; Description of the Stock Option Plan-- General, Administration, Amendment and Discontinuance of Plan; Adjustment of Shares 1(b) Securities to be Offered Outside Front Cover of Prospectus; Description of the Stock Option Plan-- General, Outstanding Stock Options; Unissued Stock Options 1(c) Employees Who May Participate Description of the Stock Option Plan-- in the Plan Administration 1(d) Purchase of Securities Description of the Stock Option Plan-- Pursuant to the Plan and General, Terms of Grant and Exercise of Payment for Securities Stock Options, Terms of Grant and Offered Exercise of Stock Appreciation Rights 1(e) Resale Restrictions Description of the Stock Option Plan- Restrictions on Resale 1(f) Tax Effects of Plan Description of the Stock Option Plan-- Participation General, Federal Income Tax Effects 1(g) Investment of Funds Not Applicable 1(h) Withdrawal from the Plan; Description of the Stock Option Plan-- Assignment of Interest Terms of Grant and Exercise of Stock Options, Terms of Grant and Exercise of Stock Appreciation Rights, Assignment of Interest 1(i) Forfeitures and Penalties Description of the Stock Option Plan - Terms of Grant and Exercise of Stock Options, Terms of Grant and Exercise of Stock Appreciation Rights 1(j) Description of the Stock Option Plan-- Assignment of Interest, Expenses 2. Registrant Information and Additional Information Employee Plan Annual Information
PART II INFORMATION REQUIRED IN REGISTRATION STATEMENT Item 3. Incorporation of Certain Documents by Reference The following documents filed with the Securities and Exchange Commission are incorporated by reference in this Registration Statement: (a) The Annual Report on Form 10-K (including consolidated financial statements together with the reports of independent auditors thereon) for the year ended January 3, 1997, filed by KLLM Transport Services, Inc. (the "Company") pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, File No. 0-14759. (b) All other reports filed by the Company pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 since January 3, 1997. (c) The description of the Company's Common Stock contained in its Registration Statement, filed by the Company on July 2, 1986, pursuant to Section 12 of the Securities Exchange Act of 1934, Registration No. 33-5881. (d) All documents subsequently filed by the Company or the Plan, pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. Item 4. Description of Securities Not applicable. Item 5. Interests of Named Experts and Counsel James Leon Young, who is a director and the Secretary of the Company, is a shareholder and officer of the Jackson, Mississippi, law firm of Young, Williams, Henderson & Fuselier, P.A., counsel to the Company. Young, Williams, Henderson & Fuselier, P.A. is providing a legal opinion in connection with this Registration Statement. Item 6. Indemnification of Directors and Officers Subsection (a) of Section 145 of the General Corporation Law of Delaware empowers a corporation to indemnify any person who was or is or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), by reason of the fact that he is or was a director, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and with respect to any criminal action or proceeding, had no reason to believe his conduct was unlawful. Subsection (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such person acted in any of the capacities set forth above, against expenses (including attorneys' fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted under similar standards, except that no indemnification may be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine that despite the adjudication of liability such person is fairly and reasonably entitled to indemnity for such expenses which the court shall deem proper. Section 145 further provides that to the extent a director or officer of a corporation has been successful in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145 or in the defense of any claim, issue or matter therein, he shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by him in connection therewith; that indemnification provided by Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled; and that the corporation is empowered to purchase and maintain insurance on behalf of a director or officer of the corporation against any liability asserted against him or incurred by him in any such capacity or arising out of his status as such whether or not the corporation would have the power to indemnify him against such liabilities under Section 145. Article Eight of the Company's Bylaws provides for indemnification of the Company's officers and directors to the extent authorized by the General Corporation Law of Delaware. The provisions of Delaware law may be sufficiently broad to permit indemnification for liabilities arising under the Securities Act of 1933. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Item 7. Exemption from Registration Claimed Not applicable. Item 8. Exhibits 4.1 The Company's Certificate of Incorporation, as amended (incorporated by reference from the Company's Annual Report on Form 10-K for the year ended January 1, 1989 (File No. 0-14759)) 4.2 The Company's Certificate of Amendment to Certificate of Incorporation (incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement on Form S-8 as filed on December 4, 1992 (Registration No. 33-14545)) 4.3 The Company's 1996 Stock Option Plan (incorporated by reference from the Company's Annual Report on Form 10-K for the year ended January 3, 1997 (File No. 0-14759)). 5 Opinion of Young, Williams, Henderson & Fuselier, P.A. 23.1 Consent of Young, Williams, Henderson & Fuselier, P.A. (included in Exhibit 5) 23.2 Consent of Ernst & Young LLP Item 9. Undertakings (a) The Company hereby undertakes: (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: (i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; (ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; (iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement. Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Company pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement. (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities being offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (b) The Company hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Company's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Flowood, State of Mississippi, on September 10, 1997. KLLM TRANSPORT SERVICES, INC. By: s/Steven K. Bevilaqua Steven K. Bevilaqua President, Chief Executive Officer and Director
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated. Date: September 10, 1997 s/Benjamin C. Lee, Jr. Benjamin C. Lee, Jr. Chairman of the Board of Directors Date: September 10, 1997 s/Steven K. Bevilaqua Steven K. Bevilaqua President, Chief Executive Officer and Director Date: September 10, 1997 s/ James Leon Young James Leon Young Secretary and Director Date: September 10, 1997 s/ Walter P. Neely Walter P. Neely Director Date: _____________ ___________________ Leland R. Speed Director Date: _____________ ____________________ C. Tom Clowe, Jr. Director Date: September 10, 1997 s/ Steven L. Dutro Steven L. Dutro Vice President-Finance and Acting Chief Financial Officer Date: September 10, 1997 s/ Daniel M. Thomas Daniel M. Thomas Corporate Controller
EXHIBIT INDEX 4.1 The Company's Certificate of Incorporation, as amended (incorporated by reference from the Company's Annual Report on Form 10-K for the year ended January 1, 1989 (File No. 0-14759)) 4.2 The Company's Certificate of Amendment to Certificate of Incorporation (incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement on Form S-8 as filed on December 4, 1992 (Registration No. 33-14545)) 4.3 The Company's 1996 Stock Option Plan (incorporated by reference from the Company's Annual Report on Form 10-K for the year ended January 3, 1997 (File No. 0-14759)). 5 Opinion of Young, Williams, Henderson & Fuselier, P.A. 23.1 Consent of Young, Williams, Henderson & Fuselier, P.A. (included in Exhibit 5) 23.2 Consent of Ernst & Young LLP
EX-5 2 September 10, 1997 KLLM Transport Services, Inc. P.O. Box 6098 Jackson, MS 39288 Re: KLLM Transport Services, Inc. 1996 Stock Option Plan -- Form S-8 Registration Statement Gentlemen: We have acted as counsel for KLLM Transport Services, Inc., a Delaware corporation (the "Company"), in the preparation of the referenced Form S-8 Registration Statement relating to the Company's 1996 Stock Option Plan (the "Plan") and the proposed offer of up to 200,000 shares of the Company's common stock, $1.00 par value (hereinafter referred to as "Common Stock"). In connection with the preparation of said Registration Statement, we have examined such corporate records and documents relating to the authorization and issuance of such shares of Common Stock as we have deemed relevant and necessary for the opinion hereinafter expressed. On the basis of the foregoing, it is our opinion that: 1. The Company is duly organized, incorporated and is validly existing under the laws of the State of Delaware, with an authorized capitalization consisting of 10,000,000 shares of Common Stock, par value $1.00 per share, and 5,000,000 shares of preferred stock, par value $0.01 per share. 2. The Plan and the proposed offer thereunder of up to 200,000 shares of Common Stock have been duly authorized by the Board of Directors of the Company, and the shares, when issued in accordance with the terms and conditions of the Plan, will be legally issued, fully paid and nonassessable. We hereby consent to the filing of this opinion as an exhibit to said Registration Statement on Form S-8 and further consent to the use of our name wherever appearing on the Form S-8. Sincerely, YOUNG, WILLIAMS, HENDERSON & FUSELIER, P.A. By:s/ James H. Neeld, IV James H. Neeld, IV JHN,IV:mc EX-23.2 3 Consent of Ernst & Young, LLP, Independent Auditors We consent to the incorporation by reference in the Registration Statement Form S-8 dated September 11, 1997 pertaining to the KLLM Transport Services, Inc. 1996 Stock Option Plan of our report dated January 31, 1997, except for Note B as to which the date is March 7, 1997, with respect to the consolidated financial statements of KLLM Transport Services, Inc., incorporated by reference in its Annual Report (Form 10-K) for the year ended January 3, 1997, and the related financial statement schedule included therein, filed with the Securities and Exchange Commission. s/Ernst & Young LLP ERNST & YOUNG LLP Jackson, Mississippi September 9, 1997 -----END PRIVACY-ENHANCED MESSAGE-----