# EDGAR Filing Document

**Accession Number:** 0000923571
**File Stem:** 0001008886-23-000014
**Filing Date:** 2023-2
**Character Count:** 7353
**Document Hash:** 7446fc1351a6529459eb1f1ec685eb34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001008886-23-000014.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001008886-23-000014

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US XPRESS ENTERPRISES INC
- **CENTRAL INDEX KEY:** 0000923571
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRUCKING (NO LOCAL) [4213]
- **IRS NUMBER:** 621378182
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38528
- **FILM NUMBER:** 23631021

**BUSINESS ADDRESS:**
- **STREET 1:** 4080 JENKINS ROAD
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37421
- **BUSINESS PHONE:** 4235103000

**MAIL ADDRESS:**
- **STREET 1:** 4080 JENKINS ROAD
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37421

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#### UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

### FORM 8-K/A
**(Amendment No. 1)** 

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the

#### Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported):&nbsp;&nbsp;&nbsp;&nbsp; February 9, 2023
![graphic](logousx.jpg)

#### US XPRESS ENTERPRISES INC
(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Nevada**<br>| **001-38528**<br>| **62-1378182**<br>|
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |

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| | |
|:---|:---|
|  **4080 Jenkins Road**<br>|  |
| **Chattanooga, Tennessee** | **37421**<br>|
| (Address of Principal Executive Offices) | (Zip Code) |

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(423) 510-3000 <br> (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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, $0.01 par value<br>| USX<br>| NYSE<br>|

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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.

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| | |
|:---|:---|
|  | **Explanatory Note.** |
|  | On February 9, 2023, U.S. Xpress Enterprises, Inc., a Nevada corporation (the "Company"), issued a press release announcing its financial and operating results for the quarter and year ended December 31, 2022. A copy of the earnings release was furnished with a Current Report on Form 8-K on February 9, 2023 (the "Original Form 8-K"). This Amendment No. 1 on Form 8-K/A is being filed to amend Item 2.02 and Item 9.01 of the Original Form 8-K, solely for the purpose of updating certain financial and operating results for the quarter and year ended December 31, 2022, based upon information that became available subsequent to the filing of the Original Form 8-K (this amendment, the "Amended Form 8-K"). |
| **Item 2.02** | **Results of Operations and Financial Condition.** |
|  | On February 10, 2023, following the issuance of the press release announcing the Company's financial and operating results for the quarter and year ended December 31, 2022, and the filing of the Original Form 8-K, the Company reached a settlement in principle with the representatives of the plaintiff class in a class action lawsuit against the Company and a subsidiary in the U.S. District Court for the Central District of California (the "California Class Action"). More information on the California Class Action can be found in Note 7 to our unaudited condensed consolidated financial statements contained in our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2022, which is incorporated herein by reference.<br>The settlement is subject to Court approval, and upon approval the Company will pay approximately $4.7 million before tax. The expected settlement results in the following updates of the Company's financial and operating results for the quarter and year ended December 31, 2022: |

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| | | | |
|:---|:---|:---|:---|
|  | As Previously Reported <br> Quarter ended<br> December 31, | Legal Settlement | As Adjusted Quarter ended December 31, |
| ***(in thousands)*** | 2022 |  | 2022 |
| Operating loss | $(5668) | $(4700) | $(10368) |
| Net Loss attributable to controlling interest | $(11211) | $(3531) | $(14742) |
| Basic losses per share | $(0.22) | $(0.07) | $(0.29) |
| Operating ratio | 101.0% | 0.9% | 101.9% |

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| | | | |
|:---|:---|:---|:---|
|  | As Previously Reported Year ended<br> December 31, | Legal Settlement | As Adjusted <br> Year ended December 31, |
| ***(in thousands)*** | 2022 |  | 2022 |
| Operating loss | $(22150) | $(4700) | $(26850) |
| Net Loss attributable to controlling interest | $(40457) | $(3531) | $(43988) |
| Basic losses per share | $(0.79) | $(0.07) | $(0.86) |
| Operating ratio | 101.0% | 0.2% | 101.2% |

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |
| (d) | **Exhibits.** |
|  | Exhibit 99 to the Original Form 8-K is hereby amended to reflect the updates to the Company's financial and operating results for the quarter and year ended December 31, 2022, as set forth in Item 2.02 hereof. |
|  | The information contained in Items 2.02 and 9.01 of this report 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. |

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#### 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.

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| | | |
|:---|:---|:---|
|  | **U.S. Xpress Enterprises, Inc**. | **U.S. Xpress Enterprises, Inc**. |
|  | (Registrant) | (Registrant) |
| Date: February 14, 2023 | By: | /s/ Eric A. Peterson |
|  |  | **Eric A. Peterson** |
|  |  | *Chief Financial Officer and Treasurer* |

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