-----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, GsybyvRje2+zFuAFmkDAH/hCPMeQtE5J8bVP/HVpfsvPfvtYgdyEUWxJ6E8tDOWW gwP6PlC8ez4sXcSWn5viDA== 0000950148-99-001443.txt : 19990618 0000950148-99-001443.hdr.sgml : 19990618 ACCESSION NUMBER: 0000950148-99-001443 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990608 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DECKERS OUTDOOR CORP CENTRAL INDEX KEY: 0000910521 STANDARD INDUSTRIAL CLASSIFICATION: RUBBER & PLASTICS FOOTWEAR [3021] IRS NUMBER: 953015862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22446 FILM NUMBER: 99647999 BUSINESS ADDRESS: STREET 1: 495A SOUTH FAIRVIEW AVENUE CITY: GOLETA STATE: CA ZIP: 93117 BUSINESS PHONE: 805-967-7611 MAIL ADDRESS: STREET 1: 495-A S FAIRVIEW AVE CITY: GOLETA STATE: CA ZIP: 93117 FORMER COMPANY: FORMER CONFORMED NAME: DECKERS FOOTWEAR CORP DATE OF NAME CHANGE: 19930811 8-K 1 FORM 8-K (06/08/99) 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) : June 8, 1999 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 Item 5. Other Events. Attached hereto as Exhibit 99.1 and incorporated by reference herein is a press release issued by the Company on June 8, 1999, announcing that it signed a new exclusive footwear licensing agreement with licensor Mark Thatcher that will become effective January 1, 2000, as well as an option to acquire all worldwide rights to all Teva products. Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit No. Description ----------- ----------- 99.1 Press release, dated June 8, 1999. 1 3 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: June 17, 1999 /s/ M. Scott Ash ------------------------------------- M. Scott Ash, Chief Financial Officer 2 4 DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES EXHIBIT INDEX
SEQUENTIALLY NUMBERED EXHIBIT NO. DOCUMENT PAGE - ----------- -------- ------------ Exhibit 99.1 Press release, dated June 8, 1999 4
3 EX-99.1 2 EXHIBIT 99.1 1 Exhibit 99.1 FOR: DECKERS OUTDOOR CORPORATION APPROVED BY: Scott Ash Chief Financial Officer (805) 967-7611 CONTACT: Integrated Corporate Relations, Inc. Chad A. Jacobs/Thomas M. Ryan (203) 222-9013 FOR IMMEDIATE RELEASE DECKERS OUTDOOR CORPORATION SIGNS TEVA LICENSE THROUGH 2011 AND OBTAINS AN OPTION TO BUY ALL TEVA RIGHTS GOLETA, California, June 8, 1999 -Deckers Outdoor Corporation (NASDAQ - DECK) announced today that it signed a new exclusive footwear licensing agreement with licensor Mark Thatcher that will become effective January 1, 2000. Under the new license agreement, Deckers receives the exclusive worldwide rights for the manufacture and distribution of Teva footwear through 2011, provided that minimum sales levels are achieved. As with the previous arrangement, the new agreement provides for a sliding scale of royalty rates, depending on sales levels. Additionally, the Company has agreed to increase the contractual marketing expenditure, depending on sales levels and varying by territory. As additional consideration, the Company will pay the licensor a licensing fee of $1,000,000 and issue him 428,743 shares of previously unissued common stock, subject to various contractual and other holding period requirements. Deckers also received an option to buy all worldwide rights to all Teva products. The option price is based on formulas tied to net sales and varies depending on when the option is exercised. If Deckers does not exercise its option before January 1, 2010, Mr. Thatcher has the option to acquire the Teva distribution rights from Deckers for the remainder of the license term. Chairman and Chief Executive Officer Doug Otto commented, "We are pleased that we were able to successfully negotiate a favorable arrangement with Mr. Thatcher. We have enjoyed a very successful relationship with Teva over the past 12 years, growing the brand together into the leading sport sandal in the market today, as well as one of the premier outdoor brands worldwide. We look forward to continued prosperity in the future." Mark Thatcher commented, " I expect Deckers' recent management restructuring will enhance our existing relationship and will allow us to work closer with Deckers going forward. I am enthusiastic about the new deal and look forward to being a part of Deckers in the future." Deckers Outdoor Corporation designs 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 and Picante brand names. 4 -----END PRIVACY-ENHANCED MESSAGE-----