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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: December 11, 1998
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SPALDING HOLDINGS CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-14569 59-2439656
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
425 Meadow Street, Chicopee, Massachusetts 01013
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(Address of Principal Executive Offices) (Zip Code)
(413) 536-1200
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
Appointment of Chief Executive Officer -- Spalding Holdings
Corporation (the "Company") announced the appointment of Mr. James Craigie to
the position of President and Chief Executive Officer of the Company and its
subsidiary Spalding Sports Worldwide, Inc. He joined the Company on Monday,
December 7, 1998.
Mr. Craigie brings to Spalding over 15 years of sales, marketing,
and general management experience at Philip Morris Companies, Inc. where he most
recently was the Executive Vice President of Kraft Foods, Inc. and President of
its Beverage and Desserts Division. After starting his career with the U.S. Navy
and U.S. Department of Energy, he received an MBA from Harvard as a Baker
Scholar, and joined Kraft Foods, Inc. in 1983. He progressed through a series of
marketing and general management positions in the General Foods and Kraft Foods
subsidiaries of Philip Morris. As President of the Beverage and Desserts
Division he was responsible for over $2.5 billion in worldwide sales.
Mr. Craigie will replace Kevin Martin who resigned. Mr. Martin
joined the Company in 1997 as President and COO, and was appointed President and
CEO in 1998.
Founded in 1876, Spalding is a leading manufacturer of products
servicing sporting goods markets under the Spalding, Top-Flite, Ben Hogan,
Strata, Etonic, and Dudley brand names. Headquartered in Chicopee,
Massachusetts, Spalding markets a broad range of recreational and athletic
goods, including products used in golf, basketball, softball, baseball,
volleyball, soccer, tennis, racquetball, and football.
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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.
By: /s/ William K. Breaden
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William K. Breaden
Corporate Controller
Date: December 11, 1998
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