<SUBMISSION>
<ACCESSION-NUMBER>0000950144-01-004223
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20010131
<ITEMS>5
<ITEMS>7
<FILING-DATE>20010329
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>DORSEY TRAILERS INC
<CIK>0000924117
<ASSIGNED-SIC>3715
<IRS-NUMBER>582110729
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-24354
<FILM-NUMBER>1583576
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ONE PACES WEST STE 1700
<STREET2>2727 PACES FERRY RD
<CITY>ATLANTA
<STATE>GA
<ZIP>30339
<PHONE>7704389595
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2727 PACES FERRY RD
<STREET2>ONE PACES W SUITE 1700
<CITY>ATLANTA
<STATE>GA
<ZIP>30339
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g68137ae8-k.txt
<DESCRIPTION>DORSEY TRAILERS, INC.
<TEXT>

<PAGE>   1

                       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):  January 31, 2001

Commission File Number:                 0-24354
                        --------------------------------------------------------

                              DORSEY TRAILERS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                                        58-2110729
------------------------                                 ----------------------
(State of Incorporation)                                 (IRS Employer
                                                         Identification Number)

 1201 Peachtree Street N.E.
         Suite 1022
      Atlanta, Georgia                                        30361
----------------------------------------                 ----------------------
(Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code:      (404) 815-6717
                                                         -----------------------




<PAGE>   2


                              DORSEY TRAILERS, INC.

                                    FORM 8-K


ITEM 5.  Other Information

         As previously announced, Dorsey Trailers, Inc. (the "Company") filed a
voluntary petition for Relief under the provisions of Chapter 11 of the U.S.
Bankruptcy Court for the Middle District of Alabama, Montgomery, Alabama
(Bankruptcy Case No. 00-6792-WRS) on December 4, 2000. The Company is in the
process of requesting that the Securities and Exchange Commission ("SEC") modify
the reporting requirements as they apply to the Company as permitted under SEC
Act Release No. 9660. As such the Company will report under cover of Form 8-K
the Company's monthly financial statements as required by the Bankruptcy Court.
Attached as Exhibit 99.1 are the Company's financial statements as of December
31, 2000 and for the period December 4, 2000 through December 31, 2000 as filed
with the Bankruptcy Court on January 31, 2001.


ITEM 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (a)      Financial Statements.

                           None.

         (b)      Pro Forma Financial Information.

                           None.

         (c)      Exhibits.

                           99.1 Financial statements as of December 31, 2000 and
                           for the period December 4, 2000 through December 31,
                           2000.


<PAGE>   3


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.

                                         DORSEY TRAILERS, INC.

Date:       March 28, 2001               By:    /s/ Lorri M. Palko
       -----------------------                -------------------------
                                               Lorri M. Palko
                                               President




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>g68137aex99-1.txt
<DESCRIPTION>FINANCIAL STATEMENTS
<TEXT>

<PAGE>   1

                                                                    Exhibit 99.1

              DORSEY TRAILERS, INC. CASE NO. 00-06792-WRS
                             Balance Sheet
                       As of December 31, 2000


                    ASSETS

Current assets
Cash
      Pre-petition bank accounts                         $    269,405
      Post-petition bank accounts
              Operating                                       297,962
              Payroll                                          57,836
              Tax                                              11,236
      Petty cash                                                1,263
                                                         ------------
        Total Cash                                            637,702

Accounts receivable
   Pre-petition                                               769,810
   Post-petition                                              872,870
  Allowance for doubtful accounts                             (17,368)
  Other receivable                                             46,011
                                                         ------------
    Total accounts receivable                               1,671,323

Inventory
  Raw materials                                             7,148,759
  Work-in-process                                             125,000
  Finished goods                                              583,864
  Used trailers                                               184,919
  Inventory reserves                                       (4,948,070)
                                                         ------------
    Total inventory                                         3,094,472

Other current assets                                          103,060
                                                         ------------
Total current assets                                        5,506,557

Property, plant & equipment                                 6,140,000

Other assets
  Note receivable                                             444,632
  Deposits                                                    125,594
                                                         ------------
    Total other assets                                        570,226

Total assets                                             $ 12,216,783
                                                         ============

       LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable Pre-petition                          $ 16,051,030
  Accounts payable  Post-petition                             155,167
  Accrued expenses  Pre-petition                            4,097,846
  Accrued expenses  Post-petition                             113,447
  Revolving line of credit                                  2,513,549
  Other debt                                                8,172,946
                                                         ------------
    Total current liabilities                              31,103,985

Long-term pension liability Pre-petition                    1,600,000
Long-term warranty reserve Pre-petition                       516,000
                                                         ------------
Total liabilities                                          33,219,985

Stockholders' deficit
Preferred stock, $0.1 par value, 500,000 shares
     authorized, none issued or outstanding                        --
Common Stock, $0.1 par value, 30,000,000 shares
     authorized, 5,054,049 issued and outstanding              50,540
Additional paid-in-capital                                  2,731,378
Accumulated deficit                                       (23,785,120)
                                                         ------------
  Total stockholders' deficit                             (21,003,202)
                                                         ------------

Total liabilities and stockholders' deficit              $ 12,216,783
                                                         ============



                                       1
<PAGE>   2

                   DORSEY TRAILERS, INC. CASE NO. 00-06792-WRS
                             Statement of Operations
                           For Period December 4, 2000
                            through December 31, 2000



Sales                                            $ 1,507,570
Cost of sales                                      1,535,895
                                                 -----------
Gross loss                                           (28,325)

Selling, general and
     administrative expenses                         190,279
                                                 -----------
Loss from operations                                (218,604)

Interest expense, net                                 53,155
                                                 -----------
Loss before income taxes                            (271,759)

Provision for (benefit from) income taxes                 --
                                                 -----------
Net loss                                         $  (271,759)
                                                 ===========



                                       2
<PAGE>   3

                   DORSEY TRAILERS, INC. CASE NO. 00-06792-WRS
                AGING OF ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE
                             AS OF DECEMBER 31, 2000

                       ACCOUNTS PAYABLE       ACCOUNTS
                          & ACCRUED          RECEIVABLE
                          EXPENSES          (PRE & POST-
                        (POST-PETITION)       PETITION)
                       ----------------     ------------

Current to 30 days        $   268,614        $   865,802

31 to 60 days                      --            350,291

61 to 90 days                      --            343,848

91 to 120 days                     --             (1,327)

121 days and older                 --             84,066
                          -----------        -----------

Total                     $   268,614        $ 1,642,680
                          ===========        ===========



                                       3
<PAGE>   4

                   DORSEY TRAILERS, INC. CASE NO. 00-06792-WRS
                              OTHER MONIES ON HAND
                             AS OF DECEMBER 31, 2000



 Other Monies on hand:
 (identify any other monies on hand such as petty cash, etc. and amount)

                        1  Petty Cash                            $ 1,263
                                                                 =======



                                       4
<PAGE>   5

                   DORSEY TRAILERS, INC. CASE NO. 00-06792-WRS
                         STATEMENT OF STATUS OF PAYMENTS
                      MADE TO SECURED CREDITORS AND LESSORS
               FOR THE PERIOD DECEMBER 4 THROUGH DECEMBER 31, 2000


 Secured creditors:

<TABLE>
<S>     <C>                                                                   <C>           <C>
        1.)   Foothill Capital Corp.

              Regular contracted payment:                           $ -  per            -
                                                         ---------------     -------------
              Adequate protection payment offered:                  $ -  per            -
                                                         ---------------     -------------
              Current period adequate protection payments made by wire:          Date      Amount

                                                                              12/11/2000    $   420,332
                                                                              12/20/2000      1,012,504
                                                                              12/22/2000        126,687
                                                                              12/29/2000        133,591
                                                                                            -----------
                                                                                            $ 1,693,114
                                                                                            ===========

              Number of Post-petition adequate protection payments not made since filing: #           -    Amount           $ -
                                                                                            ------------          --------------


        2.)   Bankhead Enterprises

              Regular contracted payment:                      $ 89,251  per  quarter.
                                                         ---------------
              Adequate protection payment offered:                  $ -  per            -
                                                         ---------------     -------------
              Check number of current period adequate protection payment                          Amount       $ -
                                                                             -------------               ----------
              Number of Post-petition adequate protection payments not made since filing: #      1          Amount      $ 89,251
                                                                                            ------------          --------------


        3.)   Small Business Administration

              Regular contracted payment:                      $ 40,500  per  month.
                                                         ---------------
              Adequate protection payment offered:                  $ -  per            -
              Check number of current period adequate protection payment                -         Amount       $ -
                                                                             -------------               ----------
              Number of Post-petition adequate protection payments not made since filing: #            -    Amount           $ -
                                                                                            ------------          --------------

              Note:  SBA payments had been deferred until February 3rd, 2001 per a moratorium granted July 17, 2000.
</TABLE>

 Lessors whose leases have not been rejected:

              None for this period




                                       5
<PAGE>   6

                   DORSEY TRAILERS, INC. CASE NO. 00-6792-WRS
                             PREPARER'S CERTIFICATE


As the preparer of the foregoing report, I hereby certify under penalty of
perjury that the information contained herein is truthful, complete, and
accurate to the best of my knowledge and belief.


Dated: January 25, 2001            /s/ Allyson V. Turnbull
      -----------------            -----------------------
                                   Preparer's Signature


                                   /s/ Keith B. Lonergan
                                   ---------------------
                                   Debtor's Signature


                                   Allyson V. Turnbull, Corporate Controller
                                   -----------------------------------------
                                   Preparer's name (typed/printed)


                                   1315 Hickman St.
                                   ---------------------
                                   Preparer's address


                                   Elba, Alabama   36323
                                   ---------------------------------
                                   City          State         Zip




                             CERTIFICATE OF SERVICE

The undersigned hereby certifies that a copy of the foregoing report has this
date been served on all parties in interest and the bankruptcy administrator by
placing a copy of the sale in the United State mail with sufficient postage
prepaid.


Done this 31st day of January, 2001.


                                                     /s/ Cameron A. Metcalf
                                                     ----------------------
                                                     Signature


                                       6
</TEXT>
</DOCUMENT>
</SUBMISSION>
