-----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, AVwxcMnG59wRJXoK/zTOvOwJxdijuIlIYUtYzUsFg3O6AooYe0GUU5pPKZ1IR8zI O7fz7tE4VePvZa2OS+lwVw== 0000898430-01-500824.txt : 20010531 0000898430-01-500824.hdr.sgml : 20010531 ACCESSION NUMBER: 0000898430-01-500824 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010529 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: K SWISS INC CENTRAL INDEX KEY: 0000862480 STANDARD INDUSTRIAL CLASSIFICATION: FOOTWEAR, (NO RUBBER) [3140] IRS NUMBER: 954265988 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-18490 FILM NUMBER: 1650459 BUSINESS ADDRESS: STREET 1: 31248 OAK CREST DRIVE CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 8187065100 MAIL ADDRESS: STREET 1: 31248 OAK CREST DR CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 8-K 1 d8k.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 Act of 1934 Date of Report (Date of earliest event reported) May 29, 2001 -------------------------- K-Swiss Inc. ------------ (Exact name of registrant as specified in its charter) Delaware 0-18490 95-4265988 - ------------------- ----------- ------------------ (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 31248 Oak Crest Drive, Westlake Village, California 91361 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (818) 706-5100 --------------- Item 5. Other Events. ------------ On May 29, 2001, the Company issued a press release announcing that it has formed a joint venture with Rugged Shark to license, produce and market a line of National Geographic footwear. A copy of the May 29, 2001 press release is attached as Exhibit 99. Item 7. Financial Statements and Exhibits. --------------------------------- (c) Exhibits: 99 Press release dated May 29, 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. K-Swiss Inc. Date: May 29, 2001 By: /s/ George Powlick --------------------------- George Powlick, Vice President Finance and Chief Financial Officer 3 EXHIBIT INDEX ------------- Page ---- Exhibit - ------- 99 Press release dated May 29, 2001. 5 4 EX-99 2 dex99.txt PRESS RELEASE DATED MAY 29, 2001 EXHIBIT 99 Contact: George Powlick Chief Financial Officer (818) 706-5100 K-SWISS ACQUIRES LICENSE FOR NATIONAL GEOGRAPHIC FOOTWEAR WESTLAKE VILLAGE, Calif. (May 29, 2001) - K-Swiss Inc. (Nasdaq/NM:KSWS) today announced that it has formed a joint venture with Rugged Shark, a leading cutting-edge designer and manufacturer of young, active-oriented footwear, to license, produce and market a men's, women's and children's collection of National Geographic outdoor-oriented and casual footwear. The joint venture will launch a full-scale line of outdoor and casual footwear in fall 2002 after an initial introduction of technical outdoor product in fall 2001. Under terms of the joint venture, K-Swiss will own 75% of the new company and provide the infrastructure to manufacture, distribute and market the line of National Geographic footwear. Rugged Shark, which was founded by footwear designer Jonathan Werman, will own 25% of the venture and will provide its design and development expertise. Additional industry veterans are expected to join the new joint venture in various management positions in the near future. Over the next 15 months, K-Swiss expects to incur expenses estimated at $1.0 million, or $0.10 per share, related to the full-scale launch of this product line in fall 2002. Commenting on the announcement, Steven Nichols, Chairman of the Board and President of K-Swiss, stated, "We are excited about this new direction. Over the past 100 years, National Geographic has established itself as one of the most recognizable brands in the world. It is the world's leading nonprofit scientific and educational organization with more than 40 million loyal readers of its magazines. The National Geographic brand, combined with design expertise and extensive manufacturing capabilities, will create a powerful force in the footwear industry." K-Swiss Inc. designs, develops and markets athletic footwear for high performance sports use and fitness activities. The Company presently offers footwear for court, casual and children's categories. Certain matters discussed in this press release are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not limited to: non-achievement of the assumptions contained herein, general and regional economic conditions, industry trends, merchandise trends, including market acceptance of the Company's new training shoe line, market acceptance of the Company's casual product being introduced in Europe, customer demand, competition, and the success of the new joint venture. A complete description of these factors, as well as others which could affect the Company's business, is set forth in the Company's periodic filings, including its Form 10Q for the quarter ended March 31, 2001. "Backlog" as of any date, represents orders scheduled to be shipped within the next six months. Backlog does not include orders scheduled to be shipped on or prior to the date of determination of backlog. The mix of "future" and "at-once" orders can vary significantly from quarter to quarter and year to year and, therefore, "futures" are not necessarily indicative of revenues for subsequent periods. 5 -----END PRIVACY-ENHANCED MESSAGE-----