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): April 15, 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.
Exhibit 1 - (Press Release of April 15, 1997) is hereby incorporated
by reference.
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
(Principal Accounting Officer)
Date: April 18, 1997
EXHIBIT INDEX
Exhibit Description Page
1 Press release of April 15, 1997 1
NEWS RELEASE
FOR IMMEDIATE RELEASE: CONTACT: Larry W. Sayre
Vice President - Finance & CFO
Telephone: (316) 663-5551
COLLINS TO SELL UVL PRODUCT LINE
Hutchinson, Kansas, April 15, 1997 ---- COLLINS
INDUSTRIES, INC. (Nasdaq: "COLL") announced today that
it has entered into a definitive agreement to sell
certain assets of its Mobile-Tech subsidiary to The
Braun Corporation.
The Company previously announced a letter of intent and
the eventual failure to reach a definitive agreement to
sell substantially all the assets of Mobile-Tech to
Braun.
The Company has now reached a definitive agreement to
sell only the UVL (Under Vehicle Lift) product line to
Braun. This transaction is subject to customary
closing conditions. This product line accounted for
less than two percent (2%) of fiscal 1996 consolidated
sales and has not contributed to the Company's net
earnings in recent years. Terms of the sale include a
purchase price of assets in excess of net book value of
approximately $1.1 million. This pretax gain should be
realized and recorded in the Company's fiscal third
quarter ending July 31, 1997.
Don L. Collins, Chairman and CEO said, "we are pleased
to consumate this transaction, so as to further reduce
our debt and continue to focus on our specialty vehicle
products of ambulances, buses and trucks".
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.
