<PAGE> 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) JANUARY 21, 2000
SPALDING HOLDINGS CORPORATION
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
DELAWARE 333-14569 59-2439656
(State or other jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification No.)
425 MEADOW STREET, CHICOPEE, MASSACHUSETTS 01013
(Address of principal executive offices) (Zip code)
</TABLE>
Registrant's telephone number, including area code: (413) 536-1200
<PAGE> 2
ITEM 5. OTHER EVENTS
On December 23, 1999, Spalding Holdings Corporation sold its remaining 42.4%
investment in Evenflo Company, Inc.
ITEM 7. EXHIBITS
(c) The following is filed as an Exhibit to this Report
Exhibit No. Description of Exhibit
99.1 Press Release Dated January 19, 2000
<PAGE> 3
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, thereunto duly authorized.
Spalding Holdings Corporation
(Registrant)
By: /s/ Daniel Frey
----------------
Daniel Frey
Chief Financial Officer
(an officer and authorized signatory)
Date: January 21, 2000
<PAGE> 1
Exhibit 99.1
News Release
425 MEADOW STREET DANIEL S. FREY
Chicopee, MA 01013 Chief Financial Officer
(413) 536-1200
SPALDING HOLDINGS CORPORATION
ANNOUNCES SALE OF INVESTMENT IN EVENFLO
CHICOPEE, MASSACHUSETTS, JANUARY 19, 2000 - Spalding Holdings Corporation (the
"Company"), the parent company of Spalding Sports Worldwide, Inc. ("Spalding"),
today announced that Spalding has sold its 42.4% common stock ownership interest
in Evenflo Company, Inc. to KKR 1996 Fund, L.P., an affiliate of Kohlberg Kravis
Roberts & Co., L.P. The net proceeds from the $23.6 million sale were used to
repay term loans under the Company's senior credit facilities.
Founded in 1876, Spalding is a leading manufacturer and licensor of branded
consumer products serving the golf and sporting goods markets under the SPALDING
(R), TOP-FLITE(R), BEN HOGAN (R), STRATA (R), ETONIC (R), and DUDLEY (R) brand
names. Headquartered in Chicopee, Massachusetts, Spalding markets a broad range
of professional quality recreational and athletic goods, including products used
in golf, basketball, softball, baseball, volleyball, soccer and football.
