UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
AND EXCHANGE ACT OF 1934
Date
of
Report (Date of Earliest Event Reported) September 12, 2007
HUB
GROUP, INC.
(Exact
name of registrant as specified in its charter)
DELAWARE
(State
or Other Jurisdiction of
Incorporation)
|
0-27754
|
36-4007085
|
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
Downers
Grove, Illinois 60515
(Address
and zip code of principal executive offices)
(630)
271-3600
(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 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))
ITEM
8.01 OTHER EVENTS
On
September 12, 2007, Hub Group, Inc. issued the press release attached as Exhibit
99.1 to this Form 8-K.
The
following documents are filed as part of the report:
|
(a)
|
Not
Applicable.
|
|
|
(b)
|
Not
Applicable.
|
|
|
(c)
|
Not
Applicable.
|
|
|
(d)
|
A
list of exhibits filed herewith is contained on the
Exhibit
|
|
|
Index
which immediately precedes such exhibits and is
|
||
|
incorporated
herein by reference.
|
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.
|
HUB
GROUP, INC.
|
|
|
DATE:
September 12, 2007
|
By
/s/ David P. Yeager
|
|
David
P. Yeager
|
|
|
Chief
Executive Officer and Vice Chairman
|
|
|
|
EXHIBIT
INDEX
Exhibit
No.
|
99.1
|
Press
release, issued on September 12, 2007, announcing Comtrak Logistics,
Inc.,
a wholly owned subsidiary of Hub Group, Inc., has entered into a
definitive purchase agreement regarding the acquisition of the assets
of
DNJ Transportation and its
affiliates.
|
Hub
Group, Inc. Announces a Definitive Agreement to Acquire DNJ
Transportation
Downers
Grove, Ill., September 12, 2007 / PRNewswire- First Call/-- Hub Group, Inc.
(Nasdaq: HUBG) announced today that Comtrak Logistics, Inc., its wholly owned
subsidiary, has entered into a definitive agreement to acquire the assets
of DNJ
Transportation, Inc. and its affiliates.
DNJ
is a
privately-held intermodal trucking company whose primary focus is international
drayage for the intermodal sector. DNJ was established in 1975 and is
headquartered in Cicero, Illinois. It has 116 drivers, of which 60%
are owner operators. DNJ has four terminals located in Illinois and
Indiana. DNJ’s revenue in 2006 was approximately $14
million. Hub Group estimates the DNJ acquisition will be accretive to
its annual earnings per share by approximately $0.03.
The
total
purchase price is approximately $12.1 million. Hub will pay $9.6
million in cash at closing, which is expected to occur at the beginning of
October. The purchase price will be subject to adjustment based on
DNJ’s working capital at closing. In addition, the agreement provides
for an earn-out for the remainder of 2007, 2008 and 2009, which combined
will
not exceed $2.5 million. The closing is subject to certain customary
closing conditions and approvals.
David
P.
Yeager, Hub’s CEO, commented, “We are excited about adding DNJ to our Comtrak
drayage business. DNJ’s international intermodal business will provide us with
immediate growth in this key market. The acquisition is consistent with our
strategic plan to increase the amount of drayage we perform.” Yeager
finished his comments by saying, “We’re pleased that Joe Tovo III, Vice
President of DNJ, will join the Comtrak team as Manager of International
Drayage. We welcome all of the DNJ employees and customers and look
forward to serving the market with our combined resources.”
ABOUT
HUB
GROUP: Hub Group, Inc. is a leading asset light freight transportation
management company providing comprehensive intermodal, truck brokerage and
logistics services. The Company operates through a network of over 30 offices
throughout the United States, Canada and Mexico.
ABOUT
DNJ: DNJ Transportation is a full-service intermodal trucking company
with headquarters in Cicero, Illinois. DNJ’s web address is www.godnj.com.
CERTAIN
FORWARD-LOOKING STATEMENTS: Statements in this press release that are not
historical, including statements about Hub Group's or management's intentions,
beliefs, expectations, representations, projections, plans or predictions
of the
future, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
inherently uncertain and subject to risks. Such statements should be viewed
with
caution. Actual results or experience could differ materially from the
forward-looking statements as a result of many factors. Factors that could
cause
actual results to differ materially include the factors listed from time
to time
in Hub Group's SEC reports including, but not limited to, the annual report
on
Form 10-K for the year ended December 31, 2006 and the reports on Form 10-Q
for
the periods ended March 31, 2007 and June 30, 2007. Hub Group assumes
no liability to update any such forward-looking statements.
SOURCE:
HUB GROUP, INC.
CONTACT:
Amy Lisek of Hub Group, Inc., +1-630-795-2214