SUPREME INDUSTRIES,INC. (NYSEMKT:STS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive
Agreement.
On November 16, 2016, Supreme Industries,Inc. (the
Borrower) entered
into an amendment of its April29, 2013 Amended and Restated
Credit Agreement (the Credit Agreement)
with Wells Fargo Bank, National Association, a national banking
association, and BMO Harris Bank, N.A. (the
Lenders), dated to be effective
November16, 2016. Supreme Corporation and certain other
subsidiaries of the Borrower (collectively, the
Guarantors),
have acknowledged this amendment.
The amendment (Amendment No.4 to Credit
Agreement) permits the Borrower to issue a special
dividend of up to $6,500,000 on or about January2, 2017.
The foregoing description of the Amendment No.4 to Credit
Agreement is qualified in its entirety by reference to the
complete terms and conditions of the Amendment No.4 to Credit
Agreement which is filed as Exhibit10.1 to this report and
incorporated herein by reference.
Item 8.01 Other Events.
On November17, 2016, Supreme Industries,Inc. issued a press
release announcing a special cash dividend of $0.265 per share on
its outstanding ClassA and ClassB Common Stock in addition to its
regular quarterly $0.035 per share cash dividend on its
outstanding ClassA and ClassB Common Stock. The full text of the
press release is set forth in Exhibit99.1 to this Current Report
on Form8-K.
Item 9.01 Financial Statements and
Exhibits.
(d)Exhibits.
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ExhibitNo. |
|
ExhibitDescription |
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10.1 |
Amendment No.4 to Credit Agreement by and among Supreme |
|
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99.1 |
Press release of Supreme Industries,Inc. dated November17, |
About SUPREME INDUSTRIES, INC. (NYSEMKT:STS)
Supreme Industries, Inc. (Supreme) is a manufacturer of specialized vehicles, including truck bodies, trolleys and specialty vehicles. The Company operates through two segments, which include specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis. The Company’s truck bodies are offered in aluminum, FiberPanel PW, FiberPanel HC, or SignaturePlate. The Company’s products include Signature van bodies, Iner-City cutaway van bodies, Spartan service bodies, Spartan cargo vans, Kold King insulated van bodies, stake bodies, armored sport utility vehicles (SUVs), armored trucks and specialty vehicles, and trolleys. Its products are attached to light-duty truck chassis and medium-duty truck chassis. Supreme integrates a range of options into its truck bodies, including liftgates, cargo-handling equipment, customized doors, special bumpers, ladder racks and refrigeration equipment. SUPREME INDUSTRIES, INC. (NYSEMKT:STS) Recent Trading Information
SUPREME INDUSTRIES, INC. (NYSEMKT:STS) closed its last trading session up +0.46 at 14.25 with 267,980 shares trading hands.