-----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, SJQfugnOUdjaWOhNwsZtpMtlVMXdlvxTkxuAl7lMeBhrsZ9lZMDbkqsUrvOMuyhm 8pTLcNBwEKh+UR0QTYqvZQ== 0001047469-03-013807.txt : 20030418 0001047469-03-013807.hdr.sgml : 20030418 20030417181044 ACCESSION NUMBER: 0001047469-03-013807 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030417 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEWART & STEVENSON SERVICES INC CENTRAL INDEX KEY: 0000094328 STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510] IRS NUMBER: 741051605 STATE OF INCORPORATION: TX FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11443 FILM NUMBER: 03655082 BUSINESS ADDRESS: STREET 1: 2707 N LOOP W CITY: HOUSTON STATE: TX ZIP: 77008 BUSINESS PHONE: 7138687700 MAIL ADDRESS: STREET 1: P O BOX 1637 CITY: HOUSTON STATE: TX ZIP: 77251-1637 8-K 1 a2108833z8-k.txt 8-K ================================================================================ 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 (DATE OF EARLIEST EVENT REPORTED): APRIL 17, 2003 STEWART & STEVENSON SERVICES, INC. (Exact name of registrant as specified in its charter) TEXAS 0-8493 74-1051605 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 2707 NORTH LOOP WEST HOUSTON, TEXAS 77008 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (713) 868-7700 ================================================================================ Item 7. EXHIBITS. Exhibit 99.1 Stewart & Stevenson Services, Inc. (the "Company") Press Release dated April 17, 2003, titled "Stewart & Stevenson Wins FMTV A1 Competitive Rebuy Contract". Exhibit 99.2 Company Press Release dated April 17, 2003, titled "Stewart & Stevenson Wins FMTV A1 Competitive Rebuy Contract". Item 9. REGULATION FD DISCLOSURE. On April 17, 2003, the "Company" issued the two press releases attached hereto as Exhibits 99.1 and 99.2. 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 hereto duly authorized. STEWART & STEVENSON SERVICES, INC. Date: April 17, 2003 By: /s/ John B. Simmons Name: John B. Simmons Title: Vice President and Chief Financial Officer. EXHIBIT INDEX 99.1 Company Press Release dated April 17, 2003, titled "Stewart & Stevenson Wins FMTV A1 Competitive Rebuy Contract". 99.2 Company Press Release dated April 17, 2003, titled "Stewart & Stevenson Wins FMTV A1 Competitive Rebuy Contract". EX-99.1 3 a2108833zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 PRESS RELEASE [STEWART & STEVENSON LOGO] Contacts: John Simmons, V.P., CFO Stewart & Stevenson Services, Inc. 713-868-7700 Paul Justice, Director of Public Relations Stewart & Stevenson Tactical Vehicle Systems, LP p.justice@ssss.com / 713-867-1774 Ken Dennard, DRG&E kdennard@drg-e.com / 713-529-6600 STEWART & STEVENSON WINS FMTV A1 COMPETITIVE REBUY CONTRACT HOUSTON, TX, APRIL 17, 2003 - The United States Army today awarded the Family of Medium Tactical Vehicles (FMTV) A1 Competitive Rebuy production contract to Stewart & Stevenson Tactical Vehicle Systems, LP (TVS), a division of Stewart & Stevenson Services, Inc. (NYSE: SVC). The contract, potentially worth more than $2 billion, was issued by the Army's Tank-automotive and Armament Command (TACOM) and includes production that could reach nearly 11,000 FMTV trucks and trailers over five years, with an option for 12,000 additional vehicles. "Stewart & Stevenson is deeply honored that the U.S. Army has selected us to continue providing the FMTV to our soldiers in the field," said Michael L. Grimes, President and Chief Executive Officer of Stewart & Stevenson Services, Inc. "Stewart & Stevenson's FMTVs have proven their mettle time and again serving in a wide variety of operations at home and abroad. We will continue our strong tradition of excellence and innovation as we serve the Army of today and the Objective Force of tomorrow." Stewart & Stevenson's winning proposal features enhancements to the FMTV A1 - the most capable and reliable medium truck family ever - including an EPA 2004 compliant engine, soldier-suggested enhancements, even greater reliability and additional reductions in life cycle costs and logistics burden. Stewart & Stevenson has been the exclusive supplier of the FMTV, including trucks and companion trailers for on and off-road use, to the U.S. Army since 1991. During this period the company has manufactured and delivered more than 20,000 trucks and trailers and has achieved 34 consecutive months of 100 percent on time delivery of trucks and 25 consecutive months of on time trailer delivery performance. The company has continuously improved quality, inventory management and workflow which has resulted in a 98% Operational Readiness rating, world-class quality, significantly reduced life cycle costs and recognition as a benchmark manufacturing facility for the Army's industrial activities. "Today's win further establishes Stewart & Stevenson as one of the world's preeminent military wheeled vehicle manufacturers," said Dennis M. Dellinger, President and Chief Operating Officer of Stewart & Stevenson Tactical Vehicle Systems, LP. "Stewart & Stevenson TVS is a leader in Lean Manufacturing techniques and pursues continuous improvement through the application of Six Sigma principles not just in manufacturing, but across the company from administration to engineering, setting the platform for the success of the next-generation FMTV." Production of the FMTV A1CR is expected to begin in the fourth quarter of 2004. Stewart & Stevenson has designed, manufactured and supported the Family of Medium Tactical Vehicles for the U.S. Army since 1991. The FMTV, which includes 2.5-ton and 5-ton trucks in more than 15 variants, is produced in Stewart & Stevenson's state-of-the-art facilities located 50 miles west of Houston in Sealy, Texas. The company has produced more than 20,000 FMTV trucks and trailers for the U.S. Army. Stewart & Stevenson will hold a conference call to discuss the FMTV A1 Competitive Rebuy Competition contract win on THURSDAY, APRIL 17, 2003, AT 6:30 P.M. EDT. To participate in the conference call, dial 1-800-245-3043 at least ten minutes before the call begins and ask for the STEWART & STEVENSON REBUY conference call. A replay of the call will be available approximately one hour after the live broadcast ends and will be accessible until April 29, 2003. To access the replay, dial (888) 566-0856 or (402) 220-0446. ABOUT STEWART & STEVENSON SERVICES Stewart & Stevenson Services, Inc., founded in 1902, is a billion-dollar company that manufactures, distributes, and provides service for a wide range of industrial products and diesel-powered equipment to key industries worldwide, including petroleum, power generation, defense, airline, marine, and transportation. More information can be found at HTTP://WWW.SSSS.COM. Stewart & Stevenson Tactical Vehicle Systems, LP is the prime contractor for the U.S. Army's Family of Medium Tactical Vehicles (FMTV). More information can be found at HTTP://WWW.FMTVTRUCK.COM. This press release contains forward-looking statements that are based on management's current expectations, estimates, and projections. These statements are not guarantees of future performance and involve a number of risks, uncertainties, and assumptions and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Many factors, including those discussed more fully elsewhere in this release and in the Company's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. Specific important factors that could cause actual results, performance, or achievements to differ materially from such forward-looking statements include risk of competition, risks relating to technology, risks of general economic conditions, risks of oil and gas industry economic conditions, risks of airline industry economic conditions, risks as to terrorist attacks on the U.S. and their impact on the U.S. economy, risks relating to personnel, risks of dependence on government and failure to obtain new government contracts, inherent risks of government contracts, risks of claims and litigation, risks of product defects, risks as to foreign sales and global trade matters, risks as to cost controls, risks as to acquisitions, risks as to currency fluctuations, risks as to environmental and safety matters, risks as to distributorships, risks as to licenses, and credit risks, all as more specifically outlined in the Company's latest annual report on Form 10-K. In addition, such forward-looking statements could be affected by general industry and market conditions and growth rates, general domestic and international conditions including interest rates, inflation and currency exchange rates and other future factors. Actual outcomes and results may differ materially from what is expressed or forecasted forward-looking statements. EX-99.2 4 a2108833zex-99_2.txt EXHIBIT 99.2 EXHIBIT 99.2 PRESS RELEASE [STEWART & STEVENSON LOGO] Contacts: John Simmons, V.P., CFO Stewart & Stevenson Services, Inc. 713-868-7700 Paul Justice, Director of Public Relations Stewart & Stevenson Tactical Vehicle Systems, LP p.justice@ssss.com / 713-867-1774 Ken Dennard, DRG&E kdennard@drg-e.com / 713-529-6600 STEWART & STEVENSON WINS FMTV A1 COMPETITIVE REBUY CONTRACT HOUSTON, TX, APRIL 17, 2003 - The United States Army today awarded the Family of Medium Tactical Vehicles (FMTV) A1 Competitive Rebuy production contract to Stewart & Stevenson Tactical Vehicle Systems, LP (TVS), a division of Stewart & Stevenson Services, Inc. (NYSE: SVC). The contract, potentially worth more than $2 billion, was issued by the Army's Tank-automotive and Armament Command (TACOM) and includes production that could reach nearly 11,000 FMTV trucks and trailers over five years, with an option for 12,000 additional vehicles. "Stewart & Stevenson is deeply honored that the U.S. Army has selected us to continue providing the FMTV to our soldiers in the field," said Michael L. Grimes, President and Chief Executive Officer of Stewart & Stevenson Services, Inc. "Stewart & Stevenson's FMTVs have proven their mettle time and again serving in a wide variety of operations at home and abroad. We will continue our strong tradition of excellence and innovation as we serve the Army of today and the Objective Force of tomorrow." Stewart & Stevenson's winning proposal features enhancements to the FMTV A1 - the most capable and reliable medium truck family ever - including an EPA 2004 compliant engine, soldier-suggested enhancements, even greater reliability and additional reductions in life cycle costs and logistics burden. Stewart & Stevenson has been the exclusive supplier of the FMTV, including trucks and companion trailers for on and off-road use, to the U.S. Army since 1991. During this period the company has manufactured and delivered more than 20,000 trucks and trailers and has achieved 34 consecutive months of 100 percent on time delivery of trucks and 25 consecutive months of on time trailer delivery performance. The company has continuously improved quality, inventory management and workflow which has resulted in a 98% Operational Readiness rating, world-class quality, significantly reduced life cycle costs and recognition as a benchmark manufacturing facility for the Army's industrial activities. "Today's win further establishes Stewart & Stevenson as one of the world's preeminent military wheeled vehicle manufacturers," said Dennis M. Dellinger, President and Chief Operating Officer of Stewart & Stevenson Tactical Vehicle Systems, LP. "Stewart & Stevenson TVS is a leader in Lean Manufacturing techniques and pursues continuous improvement through the application of Six Sigma principles not just in manufacturing, but across the company from administration to engineering, setting the platform for the success of the next-generation FMTV." Production of the FMTV A1CR is expected to begin in the fourth quarter of 2004. Stewart & Stevenson's win will have a positive impact on the state of Texas. TVS LP currently employs over 800 employees at its Sealy, Texas facility. An economist at The University of Texas at Austin recently completed an economic analysis of the impact of the FMTV contract on the state and concluded that further production of the FMTV would increase gross state product by more than $5 billion, and that there would be continued significant benefits to the local tax base and employment. Stewart & Stevenson will hold a conference call to discuss the FMTV A1 Competitive Rebuy Competition contract win on THURSDAY, APRIL 17, 2003, AT 6:30 P.M. EDT. To participate in the conference call, dial 1-800-245-3043 at least ten minutes before the call begins and ask for the STEWART & STEVENSON REBUY conference call. A replay of the call will be available approximately one hour after the live broadcast ends and will be accessible until April 29, 2003. To access the replay, dial (888) 566-0856 or (402) 220-0446. Stewart & Stevenson has designed, manufactured and supported the Family of Medium Tactical Vehicles for the U.S. Army since 1991. The FMTV, which includes 2.5-ton and 5-ton trucks in more than 15 variants, is produced in Stewart & Stevenson's state-of-the-art facilities located 50 miles west of Houston in Sealy, Texas. The company has produced more than 20,000 FMTV trucks and trailers for the U.S. Army. ABOUT STEWART & STEVENSON SERVICES Stewart & Stevenson Services, Inc., founded in 1902, is a billion-dollar company that manufactures, distributes, and provides service for a wide range of industrial products and diesel-powered equipment to key industries worldwide, including petroleum, power generation, defense, airline, marine, and transportation. More information can be found at HTTP://WWW.SSSS.COM. Stewart & Stevenson Tactical Vehicle Systems, LP is the prime contractor for the U.S. Army's Family of Medium Tactical Vehicles (FMTV). More information can be found at HTTP://WWW.FMTVTRUCK.COM. This press release contains forward-looking statements that are based on management's current expectations, estimates, and projections. These statements are not guarantees of future performance and involve a number of risks, uncertainties, and assumptions and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Many factors, including those discussed more fully elsewhere in this release and in the Company's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. Specific important factors that could cause actual results, performance, or achievements to differ materially from such forward-looking statements include risk of competition, risks relating to technology, risks of general economic conditions, risks of oil and gas industry economic conditions, risks of airline industry economic conditions, risks as to terrorist attacks on the U.S. and their impact on the U.S. economy, risks relating to personnel, risks of dependence on government and failure to obtain new government contracts, inherent risks of government contracts, risks of claims and litigation, risks of product defects, risks as to foreign sales and global trade matters, risks as to cost controls, risks as to acquisitions, risks as to currency fluctuations, risks as to environmental and safety matters, risks as to distributorships, risks as to licenses, and credit risks, all as more specifically outlined in the Company's latest annual report on Form 10-K. In addition, such forward-looking statements could be affected by general industry and market conditions and growth rates, general domestic and international conditions including interest rates, inflation and currency exchange rates and other future factors. Actual outcomes and results may differ materially from what is expressed or forecasted forward-looking statements. -----END PRIVACY-ENHANCED MESSAGE-----