U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
----------------
NOTIFICATION OF LATE FILING SEC FILE NUMBER
333-562
----------------
----------------
(Check One): CUSIP NUMBER
----------------
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [X] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1997
...............................................
[ ]Transition Report on Form 10-K
[ ]Transition Report on Form 20-F
[ ]Transition Report on Form 11-K
[ ]Transition Report on Form 10-Q
[ ]Transition Report on Form N-SAR
- --------------------------------------------------------------------------------
For the Transition Period Ended:
...............................................
- --------------------------------------------------------------------------------
Real Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
- --------------------------------------------------------------------------------
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: Not Applicable
.......................
................................................................................
- --------------------------------------------------------------------------------
Part 1--Registrant Information
- --------------------------------------------------------------------------------
Full Name of Registrant Knight Transportation, Inc.
(Knight Transportation, Inc. 401(k) Plan and
Trust Agreement)
Former Name if Applicable Not Applicable
- --------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
5601 West Buckeye Road
- --------------------------------------------------------------------------------
City, State and Zip Code Phoenix, Arizona 85043
- --------------------------------------------------------------------------------
<PAGE>
Part II--Rules 12b-25(b) and (c)
- --------------------------------------------------------------------------------
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
[X] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
- --------------------------------------------------------------------------------
Part III--Narrative
- --------------------------------------------------------------------------------
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period. (Attach extra sheets if
needed)
The audit of the Company's 401(k) Plan could not be timely
completed, without unreasonable effort or expense, due to the difficulties in
reconciling the records of Smith Barney, who previously handled Plan
investments, with the information provided by Prudential Company, which
succeeded Smith Barney in handling the assets of the Plan. Smith Barney has been
unable to provide the Company with adequate information to complete
reconciliation of records and the audit. During 1997, Smith Barney held the
401(k) Plan assets; in mid-year the assets were transferred to Prudential. The
Company has been unable to obtain adequate information from Smith Barney to
reconcile its accounts with those of Prudential. As a result of these
difficulties, neither the Company nor its accountants have been able to obtain
the information necessary to complete the audit in a timely manner. The audit of
the 401(k) Plan will be completed and Form 11-K filed within 15 days of its due
date (June 29, 1998).
- --------------------------------------------------------------------------------
Part IV--Other Information
- --------------------------------------------------------------------------------
(1) Name and telephone number of person to contact in regard to this
notification
Clark Jenkins (602) 269-2000
-----------------------------------------------------------------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
<PAGE>
(3) Is it anticipated that any significant change in results of operations
from the correspondence period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and if appropriate, state the reasons why a reasonable estimate
of the results cannot be made. See below.
It is anticipated that the financial statements for the Company's 401(k) Plan
for the year ending December 31, 1997, will show an increase in Plan assets due
to employer and employee contributions and an increase in the balance of
participants' accounts due to earnings from asset appreciation during the year
ending December 31, 1997. For the year ended December 31, 1997, the Plan
received contributions of 545,672, interest and dividends of $57,053, and had
unrealized appreciation of $130,290. The Plan paid distributions of $91,820 for
the year ended December 31, 1997. The Plan's net increase in assets for the same
year was $641,195. The net assets of the Plan for the year ended December 31,
1997, were $1,797,716, compared to $1,156,521 for the year ended December 31,
1996.
Knight Transportation, Inc.
(401(k) Plan and Trust Agreement)
...............................................................
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
- --------------------------------------------------------------------------------
Date June 29, 1998 By /s/ Clark A. Jenkins, Chief Financial Officer
........................ .............................................
Clark A. Jenkins, Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
- --------------------------------------------------------------------------------
ATTENTION
Intention misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
- --------------------------------------------------------------------------------
<PAGE>
Tull Forsberg & Olson
TF&O
Certified Public Accountants
Part 2. Accountants' Statement
The undersigned, the independent public accountants for the Knight
Transportation, Inc. 401(k) Plan (the "Plan"), hereby certify that the audit of
the Plan required to be filed as part of the Form 11-K for the fiscal year
ending December 31, 1997, could not be timely completed, without unreasonable
effort or expense, due to the inability of the Company and its accountants to
obtain adequate information from Smith Barney to reconcile balances held by
Smith Barney prior to the transfer of Plan assets from Smith Barney to
Purdential in mid-1997. This inability to obtain information has not resulted
from any delay by the Company or its independent public accountants.
Dated this 26th day of June 1998.
/s/ Tull Forsberg & Olson
John J. Tull
Franklin C. Forsberg
Lynn C. Olson
Philip D. Miller
Richard A. Kobasic
5225 N. Central Ave. o Suite 220 o Phoenix, Arizona 85012
602 277-5447
FAX 602 285-9872
