UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
May 14, 2007
HEARTLAND EXPRESS, INC.
(Exact name of registrant as specified in its charter)
Commission File Number - 0-15087
NEVADA 93-0926999
(State of other Jurisdiction (IRS Employer ID No.)
of Incorporation)
2777 HEARTLAND DRIVE, CORALVILLE, IOWA 52241
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number (including area code): 319-545-2728
ITEM 8.01. OTHER EVENTS
On May 14, 2007, Heartland Express, Inc. (the "Company") announced the
declaration of a quarterly cash dividend and special dividend. A copy of the
press release issued by the Company is attached as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
The Exhibit listed on the Exhibit Index accompanying Form 8-K is furnished
herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the undersigned
thereunto duly authorized.
HEARTLAND EXPRESS, INC.
Date: May 14, 2007 BY: /s/ John P. Cosaert
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JOHN P. COSAERT
Vice-President
Finance and Treasurer
EXHIBIT INDEX
99.1 Press release issued by the Company on May 14, 2007, announcing the
declaration of a quarterly cash dividend and a special dividend.
Exhibit No. 99.1
Monday, May 14, 2007, FOR IMMEDIATE RELEASE
Press Release
Heartland Express, Inc. Declares Quarterly and Special Dividends
CORALVILLE, IOWA - May 14, 2007 - Heartland Express, Inc. (Nasdaq:HTLD) The
Board of Directors of Heartland Express, Inc. announced today the declaration of
a regular quarterly cash dividend. The $0.02 per share quarterly dividend is
expected to be paid on May 30, 2007 to stockholders of record at the close of
business on May 24, 2007. A total of approximately $2 million will be paid on
the Company's 98.3 million outstanding shares of common stock as a result of the
quarterly dividend.
Heartland Express, Inc. implemented a quarterly cash dividend program in the
third quarter of 2003. This is the Company's sixteenth consecutive quarterly
cash dividend.
The Company also announced a special dividend of $2.00 per share. The $2.00 per
share special dividend is also expected to be paid on May 30, 2007 to
stockholders of record at the close of business on May 24, 2007. A total of
approximately $197 million will be paid on the Company's 98.3 million
outstanding shares of common stock as a result of the special dividend.
Stockholders will receive one check representing dividends paid under both the
quarterly and special dividend.
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, relating to our quarterly and
special dividend. Actual events may differ from those anticipated by
forward-looking statements. There can be no assurance that future dividends will
be declared. Future dividends, whether quarterly or special, will depend upon
the financial condition, results of operations, and capital requirements of the
Company, as well as other factors deemed relevant by the Board of Directors.
Declaration of future dividends is also subject to various risks and
uncertainties, including: our cash flow and cash needs; compliance with
applicable law; restrictions on the payment of dividends under future financing
arrangements; changes in tax laws relating to corporate dividends; future
deterioration in our financial condition or results, and those risks,
uncertainties, and other factors identified from time-to-time in our filings
with the Securities and Exchange Commission.
For further information contact Michael J. Gerdin, President, or John P.
Cosaert, Executive Vice President-Finance, Chief Financial Officer, and
Treasurer; Heartland Express, Inc. 319-545-2728.