UNITED STATES
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 (Date of earliest event reported): May 1, 2000
KITTY HAWK, INC.
(Exact name of registrant as specified in charter)
Delaware 0-25202 75-2564006
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
1515 West 20th Street
P.O. Box 612787
Dallas/Fort Worth
International Airport,
Texas
(Address of principal 75261
executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 456-2200
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On May 1, 2000, Kitty Hawk, Inc. (the "Company") filed voluntary petitions
for the Company and all of its subsidiaries for relief under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court for the
Northern District of Texas, Fort Worth Division. Attached as Exhibit 99.1 is a
copy of the Company's press release announcing the filing, which is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press release dated May 1, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
KITTY HAWK, INC.
Date: May 4, 2000
By: /s/ TILMON J. REEVES
---------------------
Name: Tilmon J. Reeves
Title: Chairman of the Board and
Chief Executive Officer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Press release dated May 1, 2000.
EXHIBIT 99.1
KITTY HAWK ANNOUNCES VOLUNTARY CHAPTER 11 FILING FOR REORGANIZATION
DALLAS - MAY 1, 2000 - Kitty Hawk, Inc. (Nasdaq:KTTYE) today announced that the
company has filed voluntary petitions for protection under the Chapter 11
Bankruptcy Code for the company and all of its subsidiaries. The petitions were
filed in U.S. Bankruptcy Court, Northern District of Texas, Fort Worth Division,
case number 400-42141-BJH.
The company filed for Chapter 11 protection to seek a financial reorganization.
Under Chapter 11, the company and its subsidiaries, will seek to continue to
operate their businesses in the ordinary course under the protection of the
bankruptcy court while seeking to finalize a plan of reorganization to implement
its anticipated restructuring.
The company also announced that Conrad Kalitta has resigned from the Board of
Directors, effective Saturday, April 29, 2000.
In addition, the company announced that, as part of the previously announced
suspension of service of its Kitty Hawk International division, the company is
no longer operating its daily scheduled service between Los Angeles and
Honolulu, Hawaii inter-island service, and weekly service around the Pacific
Rim.
Kitty Hawk, Inc. provides scheduled overnight air cargo service through its hub
in Fort Wayne, Indiana, and also provides ACMI aircraft charter services and air
charter logistics management services. The Company trades on the NASDAQ stock
market under the symbol KTTYE. For more information on the Company, visit Kitty
Hawk's Web site at www.kha.com.
THIS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS RELATING TO FUTURE FINANCIAL
RESULTS OR BUSINESS EXPECTATIONS. BUSINESS PLANS MAY CHANGE AS CIRCUMSTANCES
WARRANT. ACTUAL RESULTS MAY DIFFER MATERIALLY AS A RESULT OF FACTORS OVER WHICH
THE COMPANY HAS NO CONTROL. SUCH FACTORS INCLUDE, BUT ARE NOT LIMITED TO:
WORLD-WIDE BUSINESS AND ECONOMIC CONDITIONS; ACQUISITIONS, RECRUITING AND NEW
BUSINESS SOLICITATION EFFORTS; PRODUCT DEMAND AND THE RATE OF GROWTH IN THE AIR
CARGO INDUSTRY; THE IMPACT OF COMPETITORS AND COMPETITIVE AIRCRAFT AND AIRCRAFT
FINANCING AVAILABILITY; THE ABILITY TO ATTRACT AND RETAIN NEW AND EXISTING
CUSTOMERS; JET FUEL PRICES; NORMALIZED AIRCRAFT OPERATING COSTS AND RELIABILITY,
AIRCRAFT MAINTENANCE DELAYS AND DAMAGE, AND REGULATORY ACTIONS. THESE RISK
FACTORS AND ADDITIONAL INFORMATION ARE INCLUDED IN THE COMPANY'S REPORTS ON FILE
WITH THE SECURITIES AND EXCHANGE COMMISSION.
Contact: Kitty Hawk, Inc.
Heather I. Fedele
972/456-2358
