-----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, Wqaagb7iKIk7JmK+Au6sceIeqdRbUxtv32gud2b6tBdb281CdgzMh9HnRC4fXzQo H2tLUhHT67ENZsN9JapEUg== 0001089355-02-000591.txt : 20021010 0001089355-02-000591.hdr.sgml : 20021010 20021010143443 ACCESSION NUMBER: 0001089355-02-000591 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020927 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOGISTICS MANAGEMENT RESOURCES INC CENTRAL INDEX KEY: 0000820408 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 680133692 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-16417-LA FILM NUMBER: 02786228 BUSINESS ADDRESS: STREET 1: 10602 TIMBERWOOD CIRCLE CITY: LEXINGTON STATE: KY ZIP: 40223 BUSINESS PHONE: 8439722055 MAIL ADDRESS: STREET 1: 10602 TIMBERWOOD CIRCLE CITY: LEXINGTON STATE: KY ZIP: 40223 FORMER COMPANY: FORMER CONFORMED NAME: NORTHERN DANCER CORP DATE OF NAME CHANGE: 19930723 FORMER COMPANY: FORMER CONFORMED NAME: U S TRUCKING INC DATE OF NAME CHANGE: 19980923 8-K 1 lmri8k8043.txt CURRENT REPORT 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 September 27, 2002 ------------------------------------------------ Date of Report (date of earliest event reported) Logistics Management Resources, Inc. --------------------------------------------------- Exact Name of Registrant as Specified in its Charter Colorado 33-9640-LA 68-0133692 - ---------------------------- ---------------------- --------------------- State or other Jurisdiction Commission File IRS Employer of Incorporation Number Identification Number 10602 Timberwood Circle, Louisville, Kentucky 40203 ----------------------------------------------------------------------- Address of Principal Executive Office, Including Zip Code (503) 339-4000 ----------------------------------------------------------------------- Registrant's Telephone Number, Including Area Code U.S. TRUCKING, INC. - -------------------------------------------------------------------------------- (Former name and former address, as changed since last report) Exhibit Index Exhibit 99.1 Press Release dated October 7, 2002 Item 5 Other Events On September 27, 2002, the Company settled a lawsuit with General Electric Capital Corp. ("GECC") in which GECC was seeking to recover an amount in excess of $22,000,000 in the action General Electric Capital Corp. v. Logistics Management Resources, Inc., et. al. Settlement of the action was achieved through the execution of mutual general releases between GECC, the Company and the other defendants, and a settlement payment of $875,000. All claims and counterclaims against the parties in the action are to be dismissed with prejudice. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 9, 2002 LOGISTICS MANAGEMENT RESOURCES, INC. By:/s/ Danny L. Pixler ------------------------------------ Name: Danny L. Pixler Title: President Item 7(c). Exhibits 99.1 Press Release dated October 7, 2002 EX-99.1 3 x99-1.txt PRESS RELEASE EXHIBIT 99.1 PRESS RELEASE LOUISVILLE, Ky. (BUSINESS WIRE) - Logistics Management Resources, Inc. (LMRI)(OTC BB:LMRI) today announced that it has settled its lawsuit with General Electric Corporation, Inc. Case No. 3:01CV-573-R. In October, 2001, G.E. Capital Corporation commenced an action in the United States District Court for the Western District of Kentucky, Louisville Division, Index No. 3:01CV-573-R, styled General Electric Capital Corp. v. Logistics Managements Resources, Inc., et. al., seeking to recover sums in excess of $22 million in connection with a dispute over certain loan obligations guaranteed by the company. By agreement dated September 27, 2002, this lawsuit was settled with mutual general releases between GECC and each of the defendants, including the company, in consideration for a payment in the sum of $875,000 which was tendered to GECC on Sept. 27, 2002. The complaint against the company and the other defendants will be voluntarily dismissed with prejudice in accordance with the terms of the parties' agreement. Commenting on the settlement, Dan L. Pixler, President and CEO of Logistics Management Resources, Inc. stated that "We feel this settlement is a major accomplishment for the company in that it removes the largest obstacle to the company's rehabilitation. The company has been restructuring since putting its operating subsidiaries in bankruptcy in November of 2000. The company currently has approximately 43 million shares outstanding. The stock is widely held and traded and when combined with cumulative losses in excess of fifty million dollars, a substantial portion of which is available as a tax loss carry forward, make it an ideal candidate to merge with or acquire a profitable business. Pixler further stated "With this settlement, we now can assess all of the alternatives available, and proceed with shareholder value in mind." Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent the management's opinion. Where management believes such representations to be true and accurate based on information available to the Company at this time, actual results may differ materially from those described. In addition to the matters described in the press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-KSB for the year ended December 31, 2001 or its report on Form 10-QSB for the quarter ended June 30, 2002, may affect the results achieved by the Company. -----END PRIVACY-ENHANCED MESSAGE-----