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 (Date of earliest event reported): July 21, 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) (Zip Code)
Registrant's telephone number, including area code: (770) 795-4600
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Item 5. Other Events
On July 21, 1999, the Registrant issued a press released, included as
an exhibit to this Report, announcing that the Company's Common Stock
will no longer be listed on the NASDAQ Stock Market. 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 July 21, 1999
<PAGE>
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: July 23, 1999
KENNESAW, Ga., July 21, 1999/PR--- TRISM, Inc. (NASDAQ: TRSM) today
announced the Company's Common Stock will no longer be listed on the
NASDAQ Stock Market. This decision by NASDAQ is a result of the
Company not being in compliance with certain listing requirements, as
defined by NASDAQ, including the market value of the public float of
the Company's outstanding Common Stock and the net tangible
assets/market capitalization requirement. Accordingly, the Company's
Common Stock will be delisted from the NASDAQ Stock Market effective
immediately. The securities of the Company will be eligible for trade
on the OTC Bulletin Board.
As previously announced on July 15, 1999, the Company has reached an
agreement in principle with the steering committee representing major
holders of the Company's approximately $86.2 million of 10.75% Senior
Subordinated Notes due 2000. TRISM expects that this agreement will
significantly reduce its existing long term debt, pay off all of its
other debt in full, and fully satisfy its trade and leasing
obligations in accordance with their terms.
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 in
partnership with Econofreight Group Limited.
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.
