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: September 4, 1998
Commission File Number: 0-19582
OLD DOMINION FREIGHT LINE, INC.
(Exact name of registrant as specified in its charter)
VIRGINIA 56-0751714
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1730 Westchester Drive
High Point, NC 27262
(Address of principal executive offices)
Telephone Number (336) 889-5000
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Item 5. Other Events
On August 24, 1998, Old Dominion Freight Line, Inc. (the "Registrant" or
the "Company" ) completed an agreement to purchase selected assets of Goggin
Truck Line Company, Inc. ("Goggin"), a regional less-than-truckload carrier
based in Shelbyville, Tennessee. Goggin operated 44 service centers in 11
states, primarily in the Southeast. The Company will operate eight of the
previous Goggin Service Centers as new locations and will consolidate the
remaining Goggin Service Centers into existing Company operations. The purchase
price of $25,250,000 for the assets was determined in arms-length negotiations
between the parties and consisted of approximately $17,305,000 that was paid
from existing cash and borrowings on lines of credit and approximately
$7,945,000 in assumed Goggin debt and capital lease obligations.
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 thereunto duly authorized.
Old Dominion Freight Line, Inc.
(Registrant)
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DATE: September 4, 1998 J. WES FRYE
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J. Wes Frye
Senior Vice President - Finance and Chief
Financial Officer (Principal Financial Officer)
DATE: September 4, 1998 JOHN P. BOOKER III
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John P. Booker III
V.P. - Controller (Principal Accounting Officer)
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