SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report: As of September 20, 1999
TRISM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-23210 13-3491658
(State of Other Jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4174 Jiles Road,
Kennesaw, GA 30144
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (770) 795-4600
<PAGE>
Item 5. Other Events
On September 20, 1999, the Registrant issued a press released,
included as an exhibit to this Report, announcing that it and its nine
principal subsidiaries have filed petitions for reorganization under
Chapter 11 of the United States Bankruptcy Code as part of its
previously announced plan to restructure the Registrant. The
information set forth in the press release is hereby incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Exhibit
99.1 Press Release issue Sept. 20, 1999
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.
TRISM, INC.
By: /s/ James G. Overley
James G. Overley, Senior Vice
President of Finance and Treasurer
Date: September 20, 1999
TRISM, Inc. Petitions for Reorganization
KENNESAW, Ga., Sept. 20 /PRNewswire/ -- TRISM, Inc. (OTC Bulletin
Board: TRSME - news) announced today that it had filed petitions
to effect a previously announced Senior Subordinated Notes
restructuring agreement pursuant to a ``prearranged'' Chapter 11
plan.
TRISM, Inc., on September 16, 1999, filed petitions for its
previously announced financial reorganization under Chapter 11 of
the United States Bankruptcy Code 11, U.S. C. Sections 101 et
seq. The petitions were filed in the United States Bankruptcy
Court for the District of Delaware. Simultaneously, TRISM filed a
Plan of Reorganization which embodies the ``pre- arranged''
restructuring agreement and a proposed disclosure statement.
TRISM received interim court approval for a $42.4 million
debtor-in-possession financing facility to be provided by the
CIT Group/Business Credit, Inc. The foregoing summary does not
purport to be complete and is subject to a final court approval
scheduled for mid-October.
TRISM and its operating subsidiaries are continuing to operate
their business and assets as debtors-in-possession. As previously
announced TRISM will satisfy all trade and leasing obligations,
significantly reduce long-term debt, and meet all other debt
obligations in full.
TRISM, Inc. is the nation's leading transportation company that
specializes in the transportation of heavy weight, over-
dimensional, environmental, and secured materials. TRISM provides
a full range of logistics services for specialized markets,
intermodal management services, and worldwide super heavy haul
project services.
Certain statements in this release are forward-looking statements
that are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause TRISM's actual results in future periods to differ
materially from forecasted results. Those risks are described in
TRISM's filings with the Securities and Exchange Commission (SEC)
over the last twelve months, copies of which are available from
the SEC or may be obtained upon request from TRISM. In addition,
there can be no assurance that the restructuring will occur as
described or at all.
SOURCE: TRISM, Inc.
