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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) March 11, 1996
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P.A.M. Transportation Services, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-15057 71-0633135
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
Highway 412 West, P.O. Box 188, Tontitown, Arkansas 72770
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (501) 361-9111
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Not applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On March 11, 1996, P.A.M. Transportation Services, Inc., a Delaware
corporation (the "Company"), closed the purchase of all of the outstanding
capital stock (the "Shares") of Allen Freight Services, Inc. ("AFS"), a
Missouri corporation pursuant to a Stock Purchase Agreement by and among the
Company, AFS and the AFS shareholders (the "Agreement"). The total purchase
price for the Shares was $200,000, which was negotiated by the parties at
arms-length. Pursuant to the Agreement, certain officers and employees of AFS
have entered into employment agreements and non-competition agreements with AFS
and the Company. Haddon N. Allen will continue to serve as the President of
AFS. The Company paid the purchase price by utilizing its existing line of
credit with First Tennessee Bank National Association.
AFS is engaged in the truckload common and contract motor carrier
business, and is based in Jacksonville, Florida.
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SIGNATURES
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.
P.A.M. TRANSPORTATION SERVICES, INC.
By: /s/ Larry J. Goddard
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Larry J. Goddard
Vice President Finance
Dated: March 21, 1996
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