Spartan Motors
Following is news about Spartan Motors. If you have any questions, please
give me a call at 616.233.0500.
Thank you for your interest in Spartan Motors.
Mary Ann
Mary Ann Sabo
Senior Associate
Lambert, Edwards & Associates, Inc.
Public & Investor Relations
P: 616.233.0500
F: 616.233.0600
FOR IMMEDIATE RELEASE
CONTACT: John Gaedert
Spartan Motors, Inc. (517) 543-6400
or
Jeff Lambert, Mary Ann Sabo (mail@lambert-edwards.com)
Lambert, Edwards & Associates, Inc. (616) 233-0500
Spartan Motors Announces Special Cash Dividend for 13th Consecutive Year
Hosting Annual Meeting June 12 at its Michigan Headquarters
CHARLOTTE, Michigan, May 14, 2001 - Spartan Motors, Inc.
today announced its board of directors has approved a special cash dividend
of $0.07 per share on the Company's common stock.
The Charlotte, Mich.-based manufacturer of custom chassis and emergency
vehicles said the special dividend is payable on June 29, 2001 to
shareholders of record at the close of business on May 29, 2001. Spartan
Motors has paid a special cash dividend in each of the past 13 years.
"As we look at the operational improvements we have been able to achieve
over the past two quarters, we are excited about the opportunities that lie
ahead," said John Sztykiel, president and chief operating officer of Spartan
Motors. "This dividend reflects our faith in the future of the Company."
Spartan's board also announced it will hold its annual meeting of
shareholders on June 12, 2001 at 5:30 p.m. at the Company's corporate
headquarters in Charlotte.
Spartan Motors, Inc. (www.spartanmotors.com) is a leading developer and
manufacturer of custom chassis for motorhomes, fire trucks, ambulances and
other specialty vehicles. The Company also owns three fire and rescue
vehicle manufacturers, Luverne Fire Apparatus and Quality Manufacturing, and
ambulance maker Road Rescue, Inc.
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