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 7, 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 February 7, 1997) is
hereby incorporated by reference.
Exhibit 2 - (Press Release of January 27, 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
Date: February 11, 1997
EXHIBIT INDEX
Exhibit Description Page
1 Press release of February 7, 1997 1
2 Press release of January 27, 1997 2
Exhibit 1
NEWS RELEASE
FOR IMMEDIATE RELEASE: CONTACT: Larry W. Sayre
Vice President - Finance & CFO
Telephone: (316) 663-5551
Hutchinson, Kansas, February 7, 1997 --- COLLINS
INDUSTRIES, INC. (Nasdaq: COLL) announced today that
delays in chassis deliveries will negatively impact the
Company's operating results for its first fiscal
quarter which ended January 31, 1997. The Company
said that deliveries of both the Chevrolet GMT 600
chassis and Ford Motor Company's E350 and E450 chassis
were significantly delayed due to production problems
encountered by both Ford and Chevrolet. The Company
estimated that the impact on net earnings during the
first fiscal quarter to be approximately $300,000
($.04 per share) due to these production delays.
Currently, Chevrolet has informed the Company that
it can meet its future delivery requirements of the GMT
600 chassis. The Company added that its ability to meet
future production requirements is highly dependent on
Chevrolet meeting its currently scheduled delivery
dates. The production losses incurred in the first
fiscal quarter ended January 31, 1997 are not expected
to be recovered in future fiscal quarters.
Additionally, the Company said that its bus
operations also would be impacted in its second fiscal
quarter as a result of Ford's anticipated shutdown of
its Lorain, Ohio production plant. Ford's shutdown of
this plant, which produces the Ford E350 and E450
chassis, stems from a labor dispute between the UAW and
Johnson Controls, the principal supplier of Ford's
seats for these chassis. The Company added that a
prolonged strike of more than five weeks also would
ultimately impact the Company's ambulance operations.
Ford is currently unable to predict when the labor
dispute may be settled. Due to the nature of this
situation, the Company is unable to predict with any
degree of certainty when its normally scheduled chassis
deliveries from Ford will be resumed.
The Company has experienced no cancellation of
orders from these shortages and its sales backlogs were
$43.3 million at January 31, 1997 compared to $41.4
million at January 31, 1996.
Collins Industries, Inc. is a leading manufacturer
of ambulances, small school buses, commercial buses,
terminal trucks and wheelchair lifts and accessories
for the disabled. The Company sells its products
throughout the United States and, to a lesser extent,
abroad.
Page 1
Exhibit 2
NEWS RELEASE
FOR IMMEDIATE RELEASE: CONTACT: Larry W. Sayre
Vice President - Finance & CFO
Telephone: (316) 663-5551
Hutchinson, Kansas, January 27, 1997 .....Collins
Industries, Inc. (Nasdaq: "COLL") announced the final
extension of the expiration date of its outstanding
warrants to purchase common stock. These warrants,
which were to expire on February 28, 1997, have been
extended for a one-year period to February 28, 1998.
THE COMPANY ALSO INTENDS FOR THIS TO BE THE FINAL
EXTENSION OF THE EXPIRATION DATE.
The exercise price of $9.75 remains unchanged. Each
warrant outstanding may be exercised to purchase 1.25
shares of the Collins Industries, Inc. common stock.
The warrants were issued in conjunction with a public
units offering in November, 1984. At January 1, 1997,
there were 479,999 warrants outstanding. These are the
only warrants to purchase common stock of the Company,
which are presently outstanding.
Collins Industries, Inc. is a leading manufacturer of
ambulances, small school buses, commercial buses,
terminal trucks and wheelchair lifts and accessories
for the handicapped. The Company sells its products
throughout the United States and, to a lesser extent,
abroad.
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