Anyone here anything From Spartan?????

[CanadianFyrTrks]

Has anyone heard any news coming out of Spartan? I've been hearing rumours of another law suit and the President Stepping down.

Can anyone confirm?

[firepundit]

31-Dec-2008

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 29, 2008, Richard J. Schalter resigned as Executive Vice President of Spartan Motors, Inc., and as President of its Spartan Motors Chassis, Inc. subsidiary.

[firepundit]

Oh, it wasn't just 1.7 million they are paying either. I found this on Yahoo Finance:

begin Fair Use quote,

"CHARLOTTE, Mich., Dec. 18 /PRNewswire-FirstCall/ -- Spartan Chassis announced it has reached an agreement with the U.S. government in connection with an investigation of military contracting in South Carolina. The plea is expected to be finalized at a hearing in U.S. District Court in South Carolina on Monday, Dec. 22, 2008. Spartan Chassis, a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR - News), said it will plead guilty to one charge of making a false statement related to the terms and conditions in a military contract and will pay a total of $6 million in related fines and penalties. The plea, along with a civil settlement with the Department of Justice, will provide for a global resolution to all civil and criminal matters related to the investigation."

end Fair Use quote.

6 million dollars.

[CanadianFyrTrks]

Thanks FirePundit!

That's what I was talking about (now lets wait and see what fights break out!)

[RoofTopTrucky]

Thanks FirePundit!

That's what I was talking about (now lets wait and see what fights break out!)

Fight ....most likely not.... maybe a small scuffle at best. Now if it were something abour Pierce....there would already be about pages.

[rfdmn09]

RTT,

Watch out!!! I've heard a rumor the webteam is cracking down on those using vulgar language such as that "P" word!!!

Be safe everyone and buckle up!!!