-----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, FyFntkauFZfgXYKeGsmVQeVqJG5eCxiKiO/75n90yO9ylgoHMUo/4C7oaOfmCi+e Y3MtQiYBHR3CDdN6PpmaiQ== 0000950148-97-002455.txt : 19971002 0000950148-97-002455.hdr.sgml : 19971002 ACCESSION NUMBER: 0000950148-97-002455 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970922 ITEM INFORMATION: FILED AS OF DATE: 19971001 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DECKERS OUTDOOR CORP CENTRAL INDEX KEY: 0000910521 STANDARD INDUSTRIAL CLASSIFICATION: RUBBER & PLASTICS FOOTWEAR [3021] IRS NUMBER: 770346633 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22446 FILM NUMBER: 97689384 BUSINESS ADDRESS: STREET 1: P O BOX 5022 CITY: CARPINTERIA STATE: CA ZIP: 93013 BUSINESS PHONE: 8056847722 FORMER COMPANY: FORMER CONFORMED NAME: DECKERS FOOTWEAR CORP DATE OF NAME CHANGE: 19930811 8-K 1 FORM 8-K 1 UNITED STATES 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) : September 22, 1997 DECKERS OUTDOOR CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-22446 95-3015862 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 495A South Fairview Avenue, Goleta, California 93117 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code (805) 967-7611 ------------------------------ None - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES Table of Contents
Page Item 1. Changes in Control of the Registrant 1 Item 2. Acquisition or Disposition of Assets 1 Item 3. Bankruptcy or Receivership 1 Item 4. Changes in Registrant's Certifying Accountants 1 Item 5. Other Events 1 Item 6. Resignations of Registrant's Directors 1 Item 7. Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired 1 (b) Pro Forma Financial Information 1 (c) Exhibits 1 Item 8. Change in Fiscal Year 1 Item 9. Sale of Equity Securities Pursuant to Regulation S 1 Signature 2
3 DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES Item 1. Changes in Control of the Registrant. Not applicable. Item 2. Acquisition or Disposition of Assets. Not applicable. Item 3. Bankruptcy or Receivership. Not applicable. Item 4. Changes in Registrant's Certifying Accountants. Not applicable. Item 5. Other Events. On September 22, 1997, the Company issued a press release announcing that it had reached a settlement in its arbitration involving a group of former shareholders of Ugg Holdings Inc. See Exhibit 99.1. Item 6. Resignations of Registrant's Directors. Not applicable. Item 7. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. 99.1 Press release, dated September 22, 1997, related to Deckers Outdoor Corporation's settlement of Ugg arbitration. Item 8. Change in Fiscal Year. Not applicable. Item 9. Sale of Equity Securities Pursuant to Regulation S. Not applicable. 4 DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES SIGNATURE 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. Deckers Outdoor Corporation Date: September 30, 1997 /s/ M. Scott Ash ---------------- M. Scott Ash, Chief Financial Officer EX-99.1 2 EXHIBIT 99.1 1 Exhibit 99.1 DECKERS OUTDOOR CORPORATION REACHES SETTLEMENT IN UGG ARBITRATION Settlement calls for a one-time fixed payment to replace all future earn-out payments GOLETA, Calif. (September 22, 1997) - Deckers Outdoor Corporation (Nasdaq: DECK) today announced that it has settled its on-going arbitration with a group of former shareholders of Ugg Holdings Inc. who had a 77% interest in Ugg before Deckers acquired the company in 1995. In addition, the remaining former Ugg shareholders who were not a party to the arbitration have agreed to accept the same economic terms as those involved in the arbitration. Under the terms of the agreements, Deckers will make a final payment to all former Ugg shareholders in the amount of $2.6 million on January 2, 1998. This one-time lump sum payment replaces all future earn-out payments that were to be paid through the year 2000 in accordance with the original agreement. "We are pleased that these arbitration proceedings have been resolved and that the claims against Deckers have been dropped," said Doug Otto, chairman and chief executive officer of Deckers. "We believe that their claims were without merit and feel that the outcome is a favorable one. We view the financial package as reasonable based on expected future payments due under the original terms and on the costs associated with the arbitration. This settlement allows us to put the dispute behind us and return our attention to successfully running our business, especially at this important time of growth and renewed enthusiasm in the Company." Deckers Outdoor Corporation designs, manufactures and markets innovative, function oriented footwear and apparel, developed specifically for high performance outdoor, sports and other lifestyle-related activities as well as for casual use. The Company's products are offered under the Teva, Simple, Ugg, Trukke and Picante brand names. -----END PRIVACY-ENHANCED MESSAGE-----