-----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, Aina8KgAd2i3oWNIOeyL4pwX1pf6nARr32cO1sVxZRjD0zFKcXbjVX9uhCkX9ddC omdPVoX/nHkSGiLwq9NRPQ== 0000911137-96-000002.txt : 19960131 0000911137-96-000002.hdr.sgml : 19960131 ACCESSION NUMBER: 0000911137-96-000002 CONFORMED SUBMISSION TYPE: PRE13E3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960129 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CANNON EXPRESS INC CENTRAL INDEX KEY: 0000801558 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 710650141 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: PRE13E3 SEC ACT: 1934 Act SEC FILE NUMBER: 005-42887 FILM NUMBER: 96507840 BUSINESS ADDRESS: STREET 1: 1457 ROBINSON STREET 2: P O BOX 364 CITY: SPRINGDALE STATE: AR ZIP: 72765 BUSINESS PHONE: 5017519209 MAIL ADDRESS: STREET 2: PO BOX 364 CITY: SPRINGDALE STATE: AR ZIP: 72765 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CANNON EXPRESS INC CENTRAL INDEX KEY: 0000801558 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 710650141 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: PRE13E3 BUSINESS ADDRESS: STREET 1: 1457 ROBINSON STREET 2: P O BOX 364 CITY: SPRINGDALE STATE: AR ZIP: 72765 BUSINESS PHONE: 5017519209 MAIL ADDRESS: STREET 2: PO BOX 364 CITY: SPRINGDALE STATE: AR ZIP: 72765 PRE13E3 1 - - PRELIMINARY COPY SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13E-3 Rule 13e-3 Transaction Statement (Pursuant to Section 13(e) of the Securities Exchange Act of 1934) CANNON EXPRESS, INC. (Name of Issuer) CANNON EXPRESS, INC. (Name of Person(s) Filing Proxy Statement) Class B Common Stock (Title or Class of Securities) 137694-20-4 (CUSIP Number of Class of Securities) Dean G. Cannon 1457 Robinson P.O. Box 364 Springdale, AR 72764 (501)751-9209 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Person(s) Filing Statement) Copies to: Richard N. Massey, Esq. Rose Law Firm 120 East Fourth Street Little Rock, AR 72201 (501)375-9131 This Statement is filed in connection with (check appropriate box): a. X The filing of solicitation materials or an information statement subject to Regulation 14A [17 CFR 240.14a-1 to 240.14b-1], Regulation 14C [17 CFR 240.14c-1 to 240.14c-101] or Rule 13e-3(c) [Section 240.13e-3(c)] under the Securities Exchange Act of 1934. b. __ The filing of a registration statement under the Securities Act of 1933. c. __ A tender offer. d. __ None of the above. Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: X ___________________________________________________________________________ Instruction: Eight copies of this statement, including all exhibits, should be filed with the Commission. ___________________________________________________________________________ Calculation of Filing Fee: Transaction Amount of filing fee valuation* $19,497,168 $3,899.43 * Transaction valuation calculated by the number of shares proposed to be acquired (2,166,352) by the amount of cash or the value of securities to be exchanged therefor, as applicable (in each case, $9.00 per share). __ Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid:____________ Form or Registration No.:__________ Filing Party:______________________ Date Filed:________________________ CANNON EXPRESS, INC. ______________________________ SCHEDULE 13E-3 CROSS REFERENCE SHEET ______________________________ The following cross reference sheet is supplied pursuant to General Instruction F to Schedule 13E-3 and shows the location in the Schedule 14A Proxy Statement (the "Proxy Statement") filed concurrently herewith by the Issuer with the Securities and Exchange Commission in connection with the Rule 13e-3 transaction of the information required to be included in response to the Items of this Schedule 13E-3. The information in the Proxy Statement is hereby expressly incorporated herein by reference in this Schedule 13E-3 and the responses to each item in this Schedule 13E-3 are qualified in their entirety by the provisions of the Proxy Statement. Item in Schedule 13E-3 Location and Caption in Information Statement Item 1 - Issuer and Class of Security Subject to the Transaction (a) . . . . . . . . . . . . . . . . Outside Front Cover Page, "Summary" (b) . . . . . . . . . . . . . . . . "Purpose of Special Meeting" (c) . . . . . . . . . . . . . . . . "Market for the Common Stock; Dividends" (d) . . . . . . . . . . . . . . . . "Market for the Common Stock; Dividends" (e) . . . . . . . . . . . . . . . . * (f) . . . . . . . . . . . . . . . . "Security Ownership of Management, "Principal Shareholders; Class A Dilution" Item 2 - Identity and Background . . . . Outside Front Cover Page, "Purpose of Special Meeting" Item 3 - Past Contacts, Transactions or Negotiations (a) . . . . . . . . . . . . . . . . * (b) . . . . . . . . . . . . . . . . * Item 4 - Terms of the Transaction (a) . . . . . . . . . . . . . . . . "Summary - The Recapitalization Plan," "Description of the Transaction - The Recapitalization Plan" __________________________ *The item is inapplicable or the answer is negative. (b) . . . . . . . . . . . . . . . . "Description of Transaction - Interests of Certain Persons" Item 5 - Plans or Proposals of the Issuer or Affiliate (a) . . . . . . . . . . . . . . . . * (b) . . . . . . . . . . . . . . . . * (c) . . . . . . . . . . . . . . . . "Description of Transaction - Conduct of the Company's Business After the Recapitalization Plan;" Special Factors - Opinion of Financial Advisor" (d) . . . . . . . . . . . . . . . . * (e) . . . . . . . . . . . . . . . . * (f) . . . . . . . . . . . . . . . . "Description of Transaction - Conduct of the Company's Business After the Recapitalization Plan" (g) . . . . . . . . . . . . . . . . "Description of Transaction - Conduct of the Company's Business After the Recapitalization Plan" Item 6 - Source and Amounts of Funds or Other Consideration (a) . . . . . . . . . . . . . . . . "Description of Transaction - Source of Funds" (b) . . . . . . . . . . . . . . . . "Expenses" (c) . . . . . . . . . . . . . . . . * (d) . . . . . . . . . . . . . . . . * Item 7 - Purpose(s), Alternatives, Reasons and Effects (a) . . . . . . . . . . . . . . . . "Special Factors - Background and Reasons for the Recapitalization Plan" (b) . . . . . . . . . . . . . . . . "Special Factors - Background and Reasons for the Recapitalization Plan" (c) . . . . . . . . . . . . . . . . "Special Factors - Background and Reasons for the Recapitalization Plan" __________________________ *The item is inapplicable or the answer is negative. 2 (d) . . . . . . . . . . . . . . . . "Special Factors - Background and Reasons for the Recapitalization Plan;" "Description of Transaction - The Recapitalization Plan, Conduct of the Company's Business after the Recapitalization Plan, Comparison of Capital Stock Before and After Recapitalization Plan, Federal Income Tax Consequences, Interests of Certain Persons" Item 8 - Fairness of the Transaction (a) . . . . . . . . . . . . . . . . "Special Factors - Recommendation of Special Committee" (b) . . . . . . . . . . . . . . . . "Special Factors - Recommendation of Special Committee" (c) . . . . . . . . . . . . . . . . "Outstanding Stock and Voting Rights;" "Special Factors - Recommendation of Special Committee" (d) . . . . . . . . . . . . . . . . "Special Factors - Recommendation of Special Committee" (e) . . . . . . . . . . . . . . . . "Special Factors - Recommendation of Special Committee" (f) . . . . . . . . . . . . . . . . * Item 9 - Reports, Opinions, Appraisals and Certain Negotiations (a) . . . . . . . . . . . . . . . . "Special Factors - Opinion of Financial Advisor" (b) . . . . . . . . . . . . . . . . "Special Factors - Opinion of Financial Advisor" (c) . . . . . . . . . . . . . . . . "Special Factors - Opinion of Financial Advisor" Item 10 - Interest in Securities of the Issuer (a) . . . . . . . . . . . . . . . . "Security Ownership of Management", "Principal Shareholders; Class A Dilution" (b) . . . . . . . . . . . . . . . . * __________________________ *The item is inapplicable or the answer is negative. 3 Item 11 - Contracts, Arrangements or * Understandings with Respect to the Issuer's Securities Item 12 - Present Intention and Recommendation of Certain Persons with Regard to the Transaction (a) . . . . . . . . . . . . . . . . "Outstanding Stock and Voting Rights" (b) . . . . . . . . . . . . . . . . "Special Factors - Recommendation of Special Committee" Item 13 - Other Provisions of the Transaction (a) . . . . . . . . . . . . . . . . "Description of the Transaction - Dissenters' Appraisal Rights" (b) . . . . . . . . . . . . . . . . * (c) . . . . . . . . . . . . . . . . * Item 14 - Financial Information (a) . . . . . . . . . . . . . . . . "Historical Financial Information"; "Pro Forma Financial Information" (b) . . . . . . . . . . . . . . . . "Pro Forma Financial Information" Item 15 - Persons and Assets Employed, Retained or Utilized (a) . . . . . . . . . . . . . . . . * (b) . . . . . . . . . . . . . . . . * Item 16 - Additional Information * Item 17 - Material to Be Filed as Exhibits (a) . . . . . . . . . . . . . . . . * (b) . . . . . . . . . . . . . . . . "Opinion of Llama Company," Exhibit B to Proxy Statement on Schedule 14A (c) . . . . . . . . . . . . . . . . * (d) . . . . . . . . . . . . . . . . Proxy Statement on Schedule 14A (e) . . . . . . . . . . . . . . . . * (f) . . . . . . . . . . . . . . . . * __________________________ *The item is inapplicable or the answer is negative. 4 SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. CANNON EXPRESS, INC. By: /s/ Dean G. Cannon Dean G. Cannon President, Chairman of the Board, Chief Executive Officer and Chief Accounting Officer Date: January 26, 1996 5 CANNON EXPRESS, INC. ________________________ SCHEDULE 13E-3 EXHIBIT INDEX ________________________ Exhibit Number Exhibit (b) Fairness Opinion of Llama Company (attached as Exhibit B to the Proxy Statement filed as Exhibit (d) hereto). (d) Proxy Statement dated January 26, 1996 filed concurrently herewith and incorporated herein by this reference. 6 -----END PRIVACY-ENHANCED MESSAGE-----