-----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, F1rFXA7wF3fWuGeQG6ujwdjrcS0lQbO+aLOhTbaF56NCka7stZU4o3l47DDToB4I H6Qru13VpYGRS6KMKcslCA== 0001104659-05-000436.txt : 20050105 0001104659-05-000436.hdr.sgml : 20050105 20050105170852 ACCESSION NUMBER: 0001104659-05-000436 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041231 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050105 DATE AS OF CHANGE: 20050105 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: 05513472 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 a05-1143_18k.htm 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):  December 31, 2004

 

 

 

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

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

 

o

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 

o

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 

o

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01.  Entry Into a Material Definitive Agreement

 

                On December 6, 2004, Stewart & Stevenson Services, Inc. (the “Company”) and S&S TUG Service Centers, Inc. (collectively, the “Sellers”) entered into a definitive agreement to sell substantially all of the assets and business of the Company’s Airline Products Division (the “Business”) to TUG Manufacturing Corp, formerly known as Tug Acquisition Corp. (the “Buyer”).  The Buyer was formed for the purpose of acquiring the Business and is affiliated with Jacobson Partners, a New York private equity firm.  The consideration for the acquired assets will be $60 million in cash (plus or minus any working capital adjustment) and the assumption of specified liabilities.

 

                On December 31, 2004, Sellers and the Buyer entered into Amendment No. 1 to Asset Purchase Agreement to, among other things, (i) eliminate the deferred portion of the consideration and modify the terms of the working capital adjustment, (ii) limit the events which could be deemed to be a “material adverse change” in the operations, assets or financial condition of the Business, and (iii) provide for the execution of certain documentation by the Sellers in connection with the Buyer’s financing of the purchase price.

 

                The sale is expected to close in January 2005 subject to receipt of required approvals and other customary conditions to closing.

 

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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 hereunto duly authorized.

 

 

 

STEWART & STEVENSON SERVICES, INC.

 

 

 

Dated: January 5, 2005

By:

/s/ John B. Simmons

 

 

Name:

John B. Simmons

 

 

Title:

Vice President/Chief Financial Officer

 

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