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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
August 16, 2001
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Date of Report (Date of earliest event reported)
Wabash National Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-10883 52-1375208
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File No.) Identification No.)
1000 Sagamore Parkway South, Lafayette, Indiana 47905
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(765) 771-5310
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Not applicable
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(Former name or former address, if changed since last report)
Exhibit Index on Page 4
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Item 5. Other Events.
On August 16, 2001, Wabash National Corporation announced it had
substantially completed a comprehensive review of operations and had received
approval from its Board of Directors to implement certain restructuring and cost
reduction plans. These plans involve consolidating physical facilities and
reducing the Company's workforce by approximately 900 employees, as previously
discussed on July 24, 2001. The consolidation of physical facilities includes
the closing of its trailer assembly plants in Ft. Madison, IA, and Scott Co.,
TN, and a parts distribution facility in Montebello, CA. As a result, the
Company expects to take a one-time, pre-tax charge of approximately $40 million
during the third quarter of 2001. In addition, the Company plans to immediately
implement actions that will result in a substantial reduction of the Company's
used trailer inventories. As a result, the Company expects to incur pre-tax
losses of approximately $28 million on the disposal of these used trailers.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
99.1 Press Release, dated August 16, 2001.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.
Wabash National Corporation
Date: August 17, 2001 By: /s/ Mark R. Holden
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Mark R. Holden
Vice President - Chief Financial
Officer (Principal Financial Officer
and Principal Accounting Officer)
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release, dated August 16, 2001.
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