SPARTAN MOTORS, INC. (NASDAQ:SPAR) Files An 8-K Regulation FD DisclosureItem 7.01Regulation FD Disclosure
On October 12, 2017, at an analyst and investor presentation, Daryl Adams, CEO of Spartan Motors, Inc. (the “Company”), announced the award to the Company of a $214 million contract from the United States Postal Service to supply delivery vehicles. The vehicles will be produced during 2018 and 2019. Daryl Adams also announced that the Company’s Emergency Response Vehicles (ER) segment will be profitable on a GAAP (generally accepted accounting principles) basis for the third and fourth quarters of 2017. The Company had previously said that the ER segment will be profitable on an adjusted EBITDA basis for fiscal year 2017. A Post-event replay of the analyst and investor presentation, along with a PowerPoint presentation, are available on the Company’s website at www.spartanmotors.com/investor-relations.
The information in this Item 7.01 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
About SPARTAN MOTORS, INC. (NASDAQ:SPAR)
Spartan Motors, Inc. is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment. The Delivery and Service Vehicles segment manufactures delivery and service vehicles through the Company’s subsidiary, Utilimaster Corporation (Utilimaster). The Company’s Specialty Chassis and Vehicles segment consists of the operations of Spartan Motors Chassis, Inc. (Spartan Chassis) that engineer and manufacture motor home chassis, defense vehicles and other specialty chassis, and distribute related aftermarket parts and assemblies. The Company markets its products under brands, such as Spartan ERV, Aeromaster, Trademaster, Metromaster and Utilivan.