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EX-99 - EXHIBIT 99 - US XPRESS ENTERPRISES INCexhibit99.htm

UNITED STATES
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 17, 2019


U.S. Xpress Enterprises, Inc.
(Exact name of registrant as specified in its charter)

Nevada
(State or Other Jurisdiction of Incorporation)

001-38528
62-1378182
(Commission File Number)
(I.R.S. Employer Identification No.)


4080 Jenkins Road
   
Chattanooga, Tennessee
 
37421
(Address of Principal Executive Offices)
 
(Zip Code)

 
 
(423) 510-3000
 
 
(Registrant’s telephone number, including area code)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
  Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange Act.


Item 7.01
Regulation FD Disclosure.
   
 
On January 18, 2019, U.S. Xpress Enterprises, Inc., a Nevada corporation (the "Company"), issued a press release announcing the disposition of its equity interest in Xpress Internacional, S. de R.L. de C.V., a Mexican sociedad de responsabilidad limitada de capital variable (“XI”) to existing management of XI, effective January 17, 2019.  A copy of the press release is attached hereto as Exhibit 99 and incorporated herein by reference.
   
Item 9.01
Financial Statements and Exhibits.
   
 
(d)
Exhibits.
     
 
EXHIBIT
NUMBER
EXHIBIT DESCRIPTION
     
 
U.S. Xpress Enterprises, Inc. press release announcing the disposition of its equity interest in XI.
   
 
The information contained in Items 7.01 and 9.01 of this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
   
 
The information in Items 7.01 and 9.01 of this report and the exhibit hereto may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended.  Such statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties.  Actual results or events may differ from those anticipated by the forward-looking statements.  Please refer to the paragraph entitled “Forward-Looking Statements” at the end of the attached press release and various disclosures by the Company in its press releases, stockholder reports, and filings with the Securities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect future results.

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.

   
U.S. Xpress Enterprises, Inc.
   
(Registrant)
       
Date: January 24, 2019
By:
/s/ Eric A. Peterson
     
Eric A. Peterson
     
Chief Financial Officer, Treasurer, and Secretary




EXHIBIT INDEX

EXHIBIT
NUMBER
EXHIBIT DESCRIPTION
   
U.S. Xpress Enterprises, Inc. press release announcing the disposition of its equity interest in XI.