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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) March 29, 2000
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Brunswick Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-1043 36-0848180
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(Commission File Number) (IRS Employer Identification No.)
1 North Field Court, Lake Forest, Illinois 60045-4811
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 735-4700
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On March 24, 2000, the United States Court of Appeals for the Eighth
Circuit issued an opinion reversing and vacating the $133.2 million verdict
entered against the Company in the case Concord Boat Corporation, et al. v.
Brunswick Corporation (Concord). In June 1998, a jury awarded the Concord
plaintiffs treble damages totaling $133.2 million based on alleged antitrust
violations involving the sale of sterndrive and inboard marine engines. The
Concord plaintiffs were also awarded attorney fees and costs. The Company
appealed the verdict and award of fees and costs and the appellate court heard
argument on the appeal in September 1999. The appellate court reversed and
vacated the judgement in favor of the Concord plaintiffs, including the award of
fees and costs, and remanded the case for entry of judgement in favor of the
Company. The Company expects the Concord plaintiffs to seek to overturn the
decision by the appellate court.
The Company previously reached agreements to settle or dismiss six
additional suits, including five class-action lawsuits, filed after the 1998
Concord verdict, seeking to rely on the allegations and findings in the Concord
suit. As a part of a settlement with a subset of one of the classes, additional
payments could have been required based on the final resolution of the Concord
suit. Based on the appellate court's decision, the Company is not required to
make any additional payments under this settlement. Refer to Note 6 to the
Company's consolidated financial statements contained in Form 10-K for the
fiscal year ended December 31, 1999, for a more detailed description of the
Concord and settled actions.
Forward Looking Statements
Certain statements in this Form 8-K are forward looking as defined in the
Private Securities Litigation Reform Act of 1995. These statements involve
certain risks and uncertainties that may cause actual results to differ
materially from expectations as of the date of this filing. These risks include,
but are not limited to, the outcome of pending or potential litigation.
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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.
BRUNSWICK CORPORATION
DATE: March 29, 2000 By: /s/ Dustan E. McCoy
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Name: Dustan E. McCoy
Title: Vice President, Secretary
and General Counsel
