Supreme Industries Declares 5% Stock Dividend
GOSHEN, Ind.--(BUSINESS WIRE)-- Supreme Industries, Inc. (NYSE MKT: STS), a leading manufacturer of vehicles, including truck bodies, buses, armored vehicles and specialty vehicles, today announced a five percent (5%) stock dividend on its outstanding Class A and Class B Common Stock. Stockholders of record as of May 20, 2013, will receive the stock dividend for each share owned on that date, payable on June 3, 2013.
Future dividend payments are necessarily subject to business conditions, the Companys financial position, and requirements for working capital, property, plant, and equipment expenditures, and other corporate purposes.
Cash in lieu of fractional shares will be paid to stockholders based on the closing sales price of the Companys Class A Common Stock on the record date. As of May 7, 2013, Supreme Industries (STS) had 15,370,565 shares of Common Stock outstanding consisting of 13,653,628 shares of Class A Common Stock and 1,716,937 shares of Class B Common Stock.
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About Supreme Industries
Supreme Industries, Inc. (NYSE MKT: STS) is a nationwide manufacturer of specialized truck bodies produced to the specifications of its customers. Supreme also manufactures the StarTrans® line of special-purpose shuttle-type buses. The Companys transportation equipment products are used by a wide variety of industrial, commercial, and law enforcement customers.
This report contains forward-looking statements, other than historical facts, which reflect the view of management with respect to future events. When used in this report, words such as believe, expect, anticipate, estimate, intend, should, and similar expressions, as they relate to the Company or its plans or operations, identify forward-looking statements. Such forward looking statements are based on assumptions made by, and information currently available to, management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward-looking statements are reasonable, and it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, an economic slowdown in the specialized vehicle industry, limitations on the availability of chassis on which the Companys product is dependent, availability of raw materials, raw material cost increases, and severe interest rate increases. Furthermore, the Company can provide no assurance that such raw material cost increases can be passed on to its customers through implementation of price increases for the Companys products. The forward-looking statements contained herein reflect the current view of management with respect to future events and are subject to those factors and other risks, uncertainties, and assumptions relating to the operations, results of operations, cash flows, and financial position of the Company. The Company assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements.
Supreme Industries, Inc.
Mark D. Weber, 574-642-4888
President and Chief Executive Officer
Source: Supreme Industries, Inc.Copyright Business Wire 2013