0000912057-01-535473.txt : 20011019 0000912057-01-535473.hdr.sgml : 20011019 ACCESSION NUMBER: 0000912057-01-535473 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011010 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TEAM SPORTS INC CENTRAL INDEX KEY: 0000820242 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 411545748 STATE OF INCORPORATION: MN FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16442 FILM NUMBER: 1759329 BUSINESS ADDRESS: STREET 1: 1201 LUND BLVD CITY: ANOKA STATE: MN ZIP: 55303 BUSINESS PHONE: 6127804454 MAIL ADDRESS: STREET 1: 1201 LUND BLVD CITY: ANOKA STATE: MN ZIP: 55303-1092 8-K 1 a2060839z8-k.txt FORM 8-K 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): OCTOBER 10, 2001 FIRST TEAM SPORTS, INC. (Exact Name of Registrant as Specified in Its Charter) MINNESOTA (State or Other Jurisdiction of Incorporation) 0-16442 41-1545748 (Commission File Number) (I.R.S. Employer Identification Number) 1201 LUND BOULEVARD ANOKA, MINNESOTA 55303 (Address of Principal Executive Offices) (Zip Code) (763) 576-3500 (Registrant's Telephone Number, Including Area Code) -------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. First Team Sports, Inc., a Minnesota corporation ("First Team") today announced the results of the Special Meeting of First Team's shareholders held on October 10, 2001, at which First Team's shareholders approved the Agreement and Plan of Merger dated July 13, 2001 (the "Merger Agreement") with Gen-X Sports Inc., a Delaware corporation ("Gen-X"), and FTS Merger Corp., a Minnesota corporation and wholly-owned subsidiary of Gen-X. The Merger closed earlier today, October 15, 2001. Attached hereto as Exhibit 99 is a press release that First Team issued today, the contents of which are incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial statements: None. (b) Pro forma financial information: None. (c) Exhibits: Exhibit 99. First Team Sports press release dated October 15, 2001. 2 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. Dated: October 15, 2001 FIRST TEAM SPORTS, INC. By /s/ John J. Egart ---------------------------------- John J. Egart, President and Chief Executive Officer 3 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 EXHIBIT INDEX TO FORM 8-K FIRST TEAM SPORTS, INC.
EXHIBIT NO. DESCRIPTION ----------- ----------- 99 Press Release dated October 15, 2001
4 EX-99 3 a2060839zex-99.txt EXHIBIT 99 EXHIBIT 99 FOR IMMEDIATE RELEASE CONTACT: For Gen-X Sports Inc. - John Collins, President (416) 630-4996 CONTACT: For First Team Sports, Inc. - Debbie Favilla, Investor Relations (763) 576-3543 FIRST TEAM SPORTS, INC. SHAREHOLDERS APPROVE MERGER WITH GEN-X SPORTS INC. Minneapolis, October 15, 2001 -- First Team Sports, Inc. ("First Team") (Nasdaq: FTSP), announced today that First Team's shareholders approved the Agreement and Plan of Merger dated July 13, 2001, by and among Gen-X Sports Inc. ("Gen-X"), FTS Merger Corp. and First Team (the "Merger Agreement") at the Company's Special Meeting of Shareholders held on October 10, 2001. Votes representing 3,588,062 shares of First Team common stock were cast for adoption of the Merger Agreement. The affirmative vote represents approximately 60.6% of the number of shares outstanding, and 97.6% of the shares that voted. Upon the closing of the Merger, which took place earlier today, First Team Sports became a wholly-owned subsidiary of Gen-X, a Toronto-based company that designs, manufactures, markets and distributes various branded sporting goods products including Tommy Armour(R), Ram(R), TearDrop(R), Zebra(R), Limited(R), Lamar(R), Oxygen(R), Rage(R) and Dukes(R). Under terms of the Merger Agreement, each share of First Team common stock outstanding at the effective time of the Merger was converted into the right to receive $1.76 per share in cash. First Team manufactures and distributes high quality inline roller skates and accessories, and ice hockey products under the trademarks UltraWheels(R), Skate Attack(R) and Hespeler(R). First Team's products are manufactured and assembled to its specifications abroad. 1