-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RO3Gl4fuzKT0dXRNjrv/0vJzKmYR7SVcz23vQfZkkWGs+W73FeGOoydGFCVJaJ9l axtjLQeRbOmQlu1+azoxbw== 0000853816-04-000003.txt : 20040329 0000853816-04-000003.hdr.sgml : 20040329 20040329172447 ACCESSION NUMBER: 0000853816-04-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040329 ITEM INFORMATION: Other events FILED AS OF DATE: 20040329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LANDSTAR SYSTEM INC CENTRAL INDEX KEY: 0000853816 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 061313069 STATE OF INCORPORATION: DE FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21238 FILM NUMBER: 04697250 BUSINESS ADDRESS: STREET 1: 13410 SUTTON PARK DRIVE SOUTH CITY: JACKSONVILLE STATE: FL ZIP: 32224 BUSINESS PHONE: 9043901234 MAIL ADDRESS: STREET 1: LANDSTAR SYSTEM INC STREET 2: 13410 SUTTON PARK DRIVE SOUTH CITY: JACKSONVILLE STATE: FL ZIP: 32224 8-K 1 f8k0304.htm FORM 8-K 03-29-04 <SUBMISSION>
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION


Washington, D.C.  20549



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)      March 29, 2004



LANDSTAR SYSTEM, INC.

(Exact name of registrant as specified in its charter)


Delaware

021238

06-1313069

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)



13410 Sutton Park Drive South, Jacksonville, Florida

(Address of principal executive offices)


32224

(Zip Code)


(904) 398-9400

(Registrant's telephone number, including area code)


N/A

(Former name, former address and former fiscal year, if changed since last report)


















Item 5.  Other Events


Effective March 31, 2004, Landstar System, Inc. (“Landstar”) decreased its retained liability for individual commercial trucking claims from up to $10,000,000 per occurrence to up to $5,000,000 per occurrence


Potential liability associated with accidents in the trucking industry is severe and occurrences are unpredictable.  Landstar retains liability, after giving effect to the decrease of its retained liability described above, for individual commercial trucking claims incurred subsequent to March 30, 2004, up to $5,000,000 per occurrence.  For commercial trucking claims incurred from June 19, 2003 through March 30, 2004, Landstar retains liability up to $10,000,000 per occurrence.  For commercial trucking claims incurred from May 1, 2001 through June 18, 2003, Landstar retains liability up to $5,000,000 per occurrence.  For commercial trucking claims incurred prior to May 1, 2001, Landstar retains liability up to $1,000,000 per occurrence.  A material increase in the frequency or severity of accidents or the unfavorable development of existing claims could be expected to materially adversely affect Landstar’s results of operations.
































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, thereunto duly authorized.



LANDSTAR SYSTEM, INC.



    
    

Date:  March 29, 2004

 

/s/ Robert C. LaRose

 
  

Robert C. LaRose

 
  

Vice President, Chief Financial

 
  

Officer and Secretary

 
    
    



RCL/sm




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