-----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, JphSoBI2ZcPSt6GMJXBMDjuf7fD59OAPG5Gjp64Ehv+QTST7aPLZAVl7zjFiORnZ pZF3Tda39X5kOs5PGwVPHg== 0000063276-99-000006.txt : 19991020 0000063276-99-000006.hdr.sgml : 19991020 ACCESSION NUMBER: 0000063276-99-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991019 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTEL INC /DE/ CENTRAL INDEX KEY: 0000063276 STANDARD INDUSTRIAL CLASSIFICATION: DOLLS & STUFFED TOYS [3942] IRS NUMBER: 951567322 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05647 FILM NUMBER: 99730759 BUSINESS ADDRESS: STREET 1: 333 CONTINENTAL BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3102522000 8-K 1 PRESS RELEASE DATED OCTOBER 4, 1999 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: October 19, 1999 MATTEL, INC. ------------ (Exact name of registrant as specified in its charter) Delaware 001-05647 95-1567322 - ------------------------------------------------------------------------------ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File No.) Identification No.) 333 Continental Boulevard, El Segundo, California 90245-5012 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (310) 252-2000 ---------------------------- N/A - ------------------------------------------------------------------------------ (Former name or former address, if changed since last report) Item 5. Other Events - ------- ------------ Mattel, Inc. hereby incorporates by reference herein its press release dated October 4, 1999 regarding the impact of Learning Company issues on Mattel's third quarter 1999 earnings, a copy of which is included as Exhibit 99.0 attached hereto. Item 7. Financial Statements and Exhibits - ------- --------------------------------- (a) Financial statements of businesses acquired: None (b) Pro forma financial information: None (c) Exhibits: 99.0 Press release dated October 04, 1999 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. MATTEL, INC. Registrant By: /s/ Robert Normile ------------------------- Robert Normile Senior Vice President, General Counsel and Secretary Date: October 19, 1999 ---------------------- EX-99.0 2 PRESS RELEASE DATED 10/04/99 EXHIBIT 99.0 FOR IMMEDIATE RELEASE CONTACT: October 4, 1999 News Media Investor Relations Glenn Bozarth Jessica Fisher 310-252-3521 310-252-2703 LEARNING COMPANY ISSUES TO IMPACT MATTEL EARNINGS ------------------------- LOS ANGELES, October 4 -- Mattel, Inc. said today that its Learning Company division will have a significant third quarter revenue shortfall resulting primarily from a decision not to go forward with a planned licensing arrangement, as well as higher than expected product returns. The lower revenues, together with the write-off of bad debts, increased customer benefits and the termination of certain distributors, will result in a third quarter, after-tax loss at The Learning Company of between $50 million and $100 million, compared with an expected $50 million, after-tax profit for this division. Consequently, Mattel third quarter earnings per share will be approximately $.30 to $.40, with an estimated 2 to 4 percent decline in revenue. "Unfortunately, the Learning Company performance masks the underlying vitality of our core U.S. business," Jill E. Barad, Mattel's chairman and chief executive officer said. "This strength was most evident in over-the-counter sales improvements for Barbie, Fisher-Price and our Wheels brands, as well as the fact that third quarter shippable orders for these same brands exceeded what we could fulfill by more than $100 million. That $100 million will be shipped early in the fourth quarter," she said. -more- 2-2-2-2-2-2 Mattel said its full third quarter financial results will be released on October 21, 1999. Mattel is a worldwide leader in the design, manufacture and marketing of family products. With headquarters in El Segundo, California, Mattel has offices and facilities in 36 countries and sells its products in more than 150 nations throughout the world. Note: Forward-looking statements included in this release with respect to the financial condition, results of operations and business of the company, which include, but are not limited to sales levels, restructuring and integration charges, special charges, other non-recurring charges, cost savings, operating efficiencies and profitability, are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. These include without limitation: the company's dependence on the timely development, introduction and customer acceptance of new products; significant changes in buying patterns of major customers; possible weaknesses of international markets; the impact of competition on revenues and margins; the company's ability to successfully integrate the operations of The Learning Company following its merger into the company; the effect of currency fluctuations on reportable income; unanticipated negative results of litigation, governmental proceedings or environmental matters; and other risks and uncertainties as may be detailed from time to time in the company's public announcements and SEC filings. -###- -----END PRIVACY-ENHANCED MESSAGE-----