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): JANUARY 31, 2000
STEWART & STEVENSON SERVICES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 0-8493 74-1051605
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation)
2707 NORTH LOOP WEST
HOUSTON, TEXAS 77008
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (713) 868-7700
Item 5. Other Events.
On January 31, 2000, Stewart & Stevenson Services, Inc. (the "Company") issued
the press release attached hereto as Exhibit 99.1 announcing the receipt of a
contract for the sale of generators.
Item 7. Exhibits.
Exhibit 99.1 Company Press Release dated January 31, 2000, titled
"Stewart & Stevenson Receives Generator Contract".
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.
STEWART & STEVENSON SERVICES, INC.
Date: January 31, 2000 By:/s/ LAWRENCE E. WILSON
Name: Lawrence E. Wilson
Title: Vice President, Secretary and
General Counsel
EXHIBIT INDEX
99.1 Company Press Release dated January 31, 2000, titled "Stewart &
Stevenson Receives Generator Contract."
Exhibit 99.1
Exhibit 99.1
News From: Stewart & Stevenson
Corporate Headquarters
P.O. Box 1637
Houston, TX 77251-1637
FOR IMMEDIATE RELEASE:
STEWART & STEVENSON RECEIVES GENERATOR CONTRACT
HOUSTON, TX - January 31, 2000 - STEWART & STEVENSON SERVICES, INC.
(NASDAQ:SSSS), a leading manufacturer and distributor of industrial and energy
related equipment, announced today that the Company has received a contract from
GE Energy Rentals, a division of GE Power Systems to provide diesel-powered
generator sets valued at approximately $13 million. The contract includes an
assortment of fully EPA compliant units, including 1350 kW generator sets
powered by Detroit Diesel 12V 4000 engines, and 800 kW generator sets powered by
Detroit Diesel 16V 2000 engines. These custom generator sets will be enclosed
for sound attenuation and trailer mounted for mobility. Each of the units will
have its own control system and power distribution components. All generator
sets are scheduled to be delivered between March and June of 2000.
GE Energy Rentals which was launched June of 1999, in response to a
growing demand for temporary distributed power generation, will add the units to
its rental fleet and offer them for short and long term rentals supporting
applications such as back up generation, peak demand shaving, and emergency
response. In November, 1999, GE introduced its 22.8 megawatt TM2500, the largest
mobile gas turbine package in the rental industry at the Power Generation
International Show. They recently announced their signing of an agreement to
acquire Showpower, a California based rental competitor, supporting the global
special events and entertainment market.
This press release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Stewart & Stevenson believes that its expectations, as
expressed in these statements, are based on reasonable assumptions regarding the
risks and uncertainties inherent in achieving those expectations. These
statements are not, however, guarantees of future performance and actual results
may differ materially. The most important factors that may cause actual results
to differ from our expectations are the timely performance of suppliers of the
specified diesel engines and other major components, unilateral changes ordered
by the customer, and the risk of cancellation or adjustment of the order. Other
risk factors are listed in Stewart & Stevenson Services, Inc. annual report to
the Securities and Exchange Commission on Form 10-K for the year ended January
31, 1999 and the most recent quarterly report to the Securities and Exchange
Commission on Form 10-Q.
Contact: Mr. David R. Stewart, Treasurer
Phone: (713) 868-7657
Fax: (713) 863-1519
Email: [email protected]
HTTP://www.ssss.com
