SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
KLLM Transport Services, Inc.
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
482498102
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(CUSIP Number)
Richard D. Hoedl
2740 N. Mayfair
Springfield, Missouri 65803
Telephone: (800) 848-4560
Facsimile: (417) 521-6864
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 30, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 240.13d-1(f) or 13d-1(g), check the following
box: |_|
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 482498102 13D Page 2 of 6 Pages
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1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only).
Robert E. Low
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2. Check the Appropriate Box if a Member of a Group
(a) |X| (See Instructions)
(b) |_|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF and OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e) |_|
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6. Citizenship or Place of Organization
United States Citizen
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Number of 7. Sole Voting Power
Beneficially
Owned by 539,600
Each -----------------------------------------------------------------
Reporting
Person With 8. Shared Voting Power
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9. Sole Dispositive Power
539,600
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10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
539,600
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
|_| (See Instructions)
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13. Percent of Class Represented by Amount In Row (11)
13.17%
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
CUSIP NO. 482498102 13D Page 3 of 6 Pages
- --------------------------------------------------------------------------------
1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only).
Richard D. Hoedl
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) |X| (See Instructions)
(b) |_|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF and OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e) |_|
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6. Citizenship or Place of Organization
United States Citizen
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Number of 7. Sole Voting Power
Shares
Beneficially 4,150
Owned by
Each -----------------------------------------------------------------
Reporting
Person With 8. Shared Voting Power
-----------------------------------------------------------------
9. Sole Dispositive Power
4,150
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10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,150
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
|_| (See Instructions)
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13. Percent of Class Represented by Amount In Row (11)
0.10%
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
CUSIP NO. 482498102 13D Page 4 of 6 Pages
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1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only).
C. Stephan Wutke
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2. Check the Appropriate Box if a Member of a Group
(a) |X| (See Instructions)
(b) |_|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF and OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e) |_|
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6. Citizenship or Place of Organization
United States Citizen
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Number of 7. Sole Voting Power
Shares
Beneficially 1,000
Owned by
Each ----------------------------------------------------------------
Reporting
Person With 8. Shared Voting Power
----------------------------------------------------------------
9. Sole Dispositive Power
1,000
----------------------------------------------------------------
10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,000
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
(See Instructions)
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13. Percent of Class Represented by Amount In Row (11)
0.02%
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
Schedule 13D- Amendment No. 4
Robert E. Low has previously reported his acquisition of 539,600 shares
of the common stock, $1.00 par value (the "KLLM Common Stock"), of KLLM
Transport Services, Inc., a Delaware corporation (the "Issuer"), 135 Riverview
Drive, Richland, Mississippi 39218, in an initial Schedule 13D filing dated
January 5, 2000 (the "Schedule 13D"), and amendments thereto dated February 1,
2000 and February 10, 2000. On March 16, 2000, Mr. Low, filed a third amendment
to his Schedule 13D disclosure for the limited purpose of confirming the
creation of a group relating to the beneficial ownership of KLLM Common Stock,
and to denote the membership of Mr. Low, Richard D. Hoedl and C. Stephan Wutke
in such group (Mr. Low, Mr. Hoedl and Mr. Wutke are sometimes referred to
hereinafter as the "Reporting Persons"). The Reporting Persons are filing this
Amendment No. 4 to amend and supplement Mr. Low's previously filed Schedule 13D,
as heretofore amended.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
On March 29, 2000, the Issuer, through John M. Grayson, Jr. of Morgan
Keegan & Company, Inc., Memphis, Tennessee, delivered to Mr. Low a form of a
confidentiality agreement, presumably as a condition to permitting Mr. Low
access to non-public confidential information required in connection with an
evaluation and due diligence review of the Issuer. Because the form of
confidentiality agreement submitted on behalf of the Issuer contained provisions
unacceptable to Mr. Low, including a two year standstill restriction, Mr. Low
would not sign it.
By letter dated March 30, 2000, Mr. Low responded to the form of
confidentiality agreement submitted on behalf of the Issuer. A copy of this
letter is attached hereto as Exhibit 99.3.
Item 7. Material to be Filed as Exhibits.
Exhibit 99.3 - Letter from Robert E. Low to John M. Grayson, Jr. of
Morgan Keegan & Company, Inc., dated March 30, 2000.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: March 31, 2000
/s/ Robert E. Low
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(Signature)
Robert E. Low
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(Name and Title)
/s/ Richard D. Hoedl
--------------------------------------
(Signature)
Richard D. Hoedl
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(Name and Title)
/s/ C. Stephan Wutke
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(Signature)
C. Stephan Wutke
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(Name and Title)
[Robert E. Low's Letterhead]
March 30, 2000
John M. Grayson, Jr.
Morgan Keegan & Company, Inc.
Morgan Keegan Tower
50 Front Street.
Memphis, Tennessee 38103
Dear Mr. Grayson:
This letter is to acknowledge receipt today of the confidentiality
agreement in letter form dated March 28, 2000 submitted by you on behalf of your
client, KLLM Transport Services, Inc.
Hopefully, your submission of the confidentiality agreement indicates
the willingness of your client in not only making available to me the
information necessary to conduct a due diligence review for the purpose of
evaluating a potential transaction with KLLM, but to begin exploratory
discussions with regard to such a transaction.
Although I fully expected and would be willing to sign a reasonable
confidentiality agreement providing KLLM with appropriate protection as to the
information furnished to me, I was disappointed in the form of confidentiality
agreement submitted to me primarily because of its inclusion of a two year
standstill provision. As you probably expect, I would be unwilling to undertake
such a "standstill" position. My interest is to pursue discussions with your
client on a friendly basis and I believe that the holding of such exploratory
discussions would be in the best interest of KLLM and its stockholders. However,
I will not sacrifice virtually all of the options and alternatives otherwise
available to me without assurances that we will be able to negotiate a
transaction supported by the KLLM Board.
I hope that the form of confidentiality agreement submitted to me
merely represents your firm's customary first attempt to obtain a
confidentiality agreement and does not indicate the unwillingness of the KLLM
Board to hold exploratory discussions and to permit the orderly conduct of a due
diligence review by inclusion of unacceptable provisions such as the standstill
paragraph.
I am enclosing for your information a form of confidentiality agreement
reflecting the type of agreement I would be willing to sign.
I would appreciate your prompt response.
Very truly yours,
/s/ Robert E. Low
Robert E. Low
