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 - July 19, 2000
M.S. Carriers, Inc.
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(Exact name of Registrant as specified in its charter.)
Tennessee 0-14781 62-1014070
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(State of other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
3171 Directors Row, Memphis, TN 38131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (901)332-2500
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M.S. Carriers, Inc.
Index to Form 8-K
Contents
Item 1. Changes in Control of Registrant ...............................*
Item 2. Acqusition or Disposition of Assets.............................*
Item 3. Bankruptcy or Receivership......................................*
Item 4. Changes in Registrant's Certifying Accountant...................*
Item 5. Other Events....................................................2
Item 6. Resignation of Registrant's Directors...........................*
Item 7. Financial Statements and Exhibits...............................2
Signatures ..............................................................3
* No information submitted under this caption.
Item 5. Other Events
As previously announced, on July 1, 2000, M. S. Carriers, Inc., along
with five (5) other truckload carriers, conveyed its logistics business to
Transplace.com in exchange for a fourteen percent (14%) interest in
Transplace.com. A brief description of the operations of Transplace.com is
contained in its press release dated July 13, 2000, filed as an exhibit hereto
and incorporated by reference herein.
Item 7. Financial Statements and Exhibits
Exhibits numbered in accordance with Item 601 of Regulation S-K:
Exhibit Number Exhibits
99 Additional Exhibits -- Press Release of TRANSPLACE.COM,
dated July 13, 2000
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Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
M. S. Carriers, Inc.
(Registrant)
/s/ M.J. Barrow
Date: July 19, 2000 M. J. Barrow
Senior Vice President and Chief
Financial Officer
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Index to Exhibits
Sequentially
Numbered Page or
Incorporation
Exhibit Number Description by Reference
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99 Additional Exhibits -- Press 5
Release of TRANSPLACE.COM,
dated July 13, 2000
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Dallas, Texas, July 13, 2000 -- Transplace.com announced today that its
operations commenced as scheduled on July 1, 2000. The internet-based
logistics business is commonly owned by Covenant Transport, Inc.
(Nasdaq:CVTI); J. B. Hunt Transport Services, Inc. (Nasdaq:JBHT); M. S.
Carriers, Inc. (Nasdaq:MSCA); Swift Transportation Co., Inc. (Nasdaq:SWFT); U.
S. Xpress Enterprises, Inc. (Nasdaq:XPRSA), and Werner Enterprises, Inc.
(Nasdaq:WERN). All the six founding carriers completed the conversion of
their logistics businesses to Transplace.com effective July 1, 2000.
As previously announced, Transplace.com offers a web-enabled platform to bring
together shippers and carriers worldwide to collaborate on their
transportation logistics planning and execution in the most efficient and
effective manner. It provides the shipping public easy access to virtually
unlimited transportation capacity with operational efficiency unmatched by any
single shipper or carrier. It also provides carriers combined purchasing
power of fuel, equipment, maintenance and repair parts, insurance, and many
other services. Dr. Jun-Sheng Li, Chairman, President and Chief Executive
Officer said, "we are pleased with the smooth integration and transition of
the operations, and are now well positioned to provide the full spectrum of
services to our shippers and carriers".
Safe Harbor Disclaimer: Certain statements contained herein constituted
forward-looking statements within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. Forward-looking statements are
typically identified by the words believe, expect, anticipate, intend,
estimate, and similar expressions or words such as will, which by their nature
refer to future events.
The Companies caution investors that forward-looking statements made by the
Companies are not guarantees of future performance, and that the actual
results may differ materially from those in the forward-looking statements as
a result of various facts, including but not limited to, the Companies'
ability to be able to continue their substantial projected growth, or be able
to fully implement their business strategies, or that management will be able
to successfully integrate the operations of their various acquisitions.
Contact: Jun-Sheng Li
Chairman, President and Chief Executive Officer
(501) 820-0000
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