-----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, RZe5w+SrPyttoSyMNOgJpbnCpcQ6Cso6M22h0oWlTJufjn2lpruJFapl5OUbZRtt axuULXkUn8QRj5pO7piXDQ== 0000898430-99-000398.txt : 19990209 0000898430-99-000398.hdr.sgml : 19990209 ACCESSION NUMBER: 0000898430-99-000398 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990208 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990208 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: 99524052 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 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) February 8, 1999 ----------------------- 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 February 8, 1999, the Company's Board of Directors approved a two-for- one stock split for both Class A and Class B common stock. This stock split will be in the form of a 100 percent stock dividend to be distributed on March 26, 1999 to stockholders of record at the close of business on March 15, 1999. The Board of Directors also approved an increase in the cash dividend per share to an annual rate, on a post-split basis, of 6 cents per common share from an annual rate of 4 cents per common share. A copy of the February 8, 1999 press release is attached as Exhibit 99. Item 7. Financial Statements and Exhibits. --------------------------------- (c) Exhibits: 99 Press release dated February 8, 1999. 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: February 8, 1999 By: /s/ George Powlick --------------------- George Powlick, Vice President Finance and Chief Financial Officer 3 EXHIBIT INDEX ------------- Page ---- Exhibit - ------- 99 Press release dated February 8, 1999. 5 4 EX-99 2 PRESS RELEASE EXHIBIT 99 Contact: George Powlick Chief Financial Officer (818)706-5100 K-SWISS ANNOUNCES TWO-FOR-ONE STOCK SPLIT AND 50% INCREASE IN QUARTERLY CASH DIVIDEND WESTLAKE VILLAGE, California (February 8, 1999) - K-Swiss Inc. (Nasdaq/NM:KSWS) today announced that its Board of Directors has declared a two-for-one split of the Company's Class A and Class B common stock. On March 26, 1999, stockholders will receive one additional share of common stock for each share of the Company's common stock they own on the record date of March 15, 1999. The Company expects that its outstanding Class A common stock will begin to trade on a post-split basis on March 29, 1999. Following the effective date of the split, the Company will have approximately 10,740,000 shares of Class A and Class B outstanding. The Board of Directors also approved an increase in the Company's cash dividend effective with the first quarter dividend. On a post-split basis, the cash dividend will be increased from the annual rate of $0.04 per share to $0.06 per share. The increased cash quarterly dividend of $0.015 per share will be payable on April 15, 1999 to stockholders of record on March 31, 1999. 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. -END- 5 -----END PRIVACY-ENHANCED MESSAGE-----