THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING
SUBMITTED PURSUANT TO RULE 901(d) OF REGULATION S-T
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): February 13, 1997
COLLINS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Missouri
(State or other jurisdiction of incorporation)
0-12619 43-0985160
Commission File Number (IRS Employer Identification No.)
421 East 30th Avenue, Hutchinson, Kansas 67502
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (316)663-5551.
N/A
(Former name or former address, if changed since last report)
11022959
Item 5. Other Events.
News Release of February 12, 1997 is hereby incorporated by reference
as Exhibit 1.
SIGNATURE
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.
COLLINS INDUSTRIES, INC.
By: /s/ Larry W. Sayre
Larry W. Sayre
Vice President - Finance and
Chief Financial Officer
Date: February 13, 1997
EXHIBIT INDEX
Exhibit Description Page
1 Press release of February 12, 1997 1
Exhibit 1
NEWS RELEASE
FOR IMMEDIATE RELEASE: CONTACT: Larry W. Sayre
Vice President - Finance & CFO
Telephone: (316) 663-5551
COLLINS TO SELL ASSETS OF WHEELCHAIR LIFT PRODUCT LINE
Hutchinson, Kansas, February 12, 1997 ---- COLLINS
INDUSTRIES, INC. (Nasdaq: "COLL") announced today that
it has entered into a letter of intent to sell certain
assets of the Company's wheelchair lift product line to
The Braun Corporation. This transaction is subject to,
among other things, due diligence and the negotiation
and execution of a definitive agreement.
The wheelchair lift products have historically
represented approximately three percent (3%) of the
Company's consolidated sales and have not contributed
to the Company's net earnings in recent years. Based
on the letter of intent the Company should realize a
pretax gain of approximately $2 million on the sale.
The Company expects to complete the sale in mid March
and to record the gain in its second fiscal quarter
ending April 30, 1997.
Don L. Collins, Chairman and CEO said "this sale is
further evidence of the Company's continued strategy to
focus on our primary products of specialty vehicles".
Collins Industries, Inc. is a leading manufacturer of
ambulances, small school buses, commercial buses and
terminal trucks. The Company sells its products
throughout the United States and, to a lesser extent,
abroad.
