Supreme Industries Inc. entered into an Amended and Restated Credit Agreement (the Credit Agreement) with Wells Fargo Bank, National Association, a national banking association, as Administrative Agent, Swingline Lender, and Issuing Lender (the Lender) dated to be effective April 29, 2013. The Credit Agreement amends and restates the Credit Agreement dated as of December 19, 2012. Under the terms of the Credit Agreement, Lender agrees to provide to the Borrower a revolving line of credit of up to $35,000,000 and a term loan in the amount of $10,000,000. The term of the revolving line of credit is for a period ending on the earliest to occur of (a) December 19, 2017, (b) the date of termination of the entire revolving credit commitment by the Borrower pursuant to Section 2.5 of the Credit Agreement, and (c) the date of termination of the revolving credit commitment pursuant to Section 10.2(a) of the Credit Agreement. The revolving line of credit bears interest at (i) LIBOR plus a margin which varies from 1.50% to 2.50% based upon a leverage ratio of total indebtedness to trailing four quarter EBITDA or (ii) the higher of (a) the prime rate and (b) the federal funds rate plus 0.50% plus a margin which varies from 0.50% to 1.50% based upon the debt to EBITDA leverage ratio. The term loan bears interest at the high of (a) the prime rate and (b) the federal funds rate plus 0.50% plus a margin which varies from 0.75% to 1.75% or (ii) the LIBOR rate plus a margin which varies from 1.75% to 2.75%. The term loan maturity date is the first to occur of (a) December 19, 2017, and (b) the date of acceleration of the term loans pursuant to Section 10.2(a) of the Credit Agreement. As additional security for the term loan, certain subsidiaries of the Borrower will mortgage certain parcels of real property as more specifically detailed in the Credit Agreement.

Supreme Industries Inc. announced consolidated earnings results for the first quarter ended March 30, 2013. Consolidated net sales of $65.9 million for the first quarter declined 8.7% from $72.2 million in last year's comparable period. Net income for the first quarter of 2013 was $2.3 million or $0.15 per diluted share, compared with net income of $2.5 million or $0.16 per diluted share, last year. Applying the 2013 effective tax rate to results in the first quarter of 2012, would have resulted in net income of $1.7 million or $0.11 per diluted share. Operating income was $3.5 million against $2.7 million for the same period last year. Income before income tax was $3.4 million against $2.5 million for the comparable period last year. During the quarter, Supreme invested $1.7 million in facilities and equipment primarily to complete capital projects initiated in 2012. Total debt increased to $14.8 million at quarter end, compared with $14.1 million at December 29, 2012. Net cash used by operating activities for the first quarter of 2013 totaled $0.3 million, compared with $2.6 million in the first quarter of 2012.

Supreme Industries Inc. announced that Mark D. Weber has been selected by Supreme's Board of Directors to be the President and Chief Executive Officer effective May 6, 2013. Mr. Weber, 55, has served since 1996 as an executive at Federal Signal Corporation. Since 2003, Mr. Weber served as the Group President responsible for five divisions with revenues in excess of $500 million supporting global customers in the firefighting, municipal cleaning, industrial access, and industrial cleaning market segments.