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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 30, 2000
K2 INC.
(exact name of Registrant as specified in its charter)
DELAWARE 1-4290 95-2077125
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
4900 SOUTH EASTERN AVENUE, LOS ANGELES, CA 90040
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (323) 724-2800
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On June 30, 2000, K2 Inc. (the "Registrant"), completed the sale of
the assets and business of its Simplex building products division (the
"Division") to Ludlow Building Products, Inc. a subsidiary of Tyco
International Ltd. for $27.5 million in cash and the assumption of certain
liabilities.
During 1998, the Registrant adopted a plan to dispose of the Division.
Accordingly, the Division was reclassified as a discontinued operation and
prior years' operations were similarly reclassified.
A copy of the press release dated June 29, 2000 announcing the
agreement is included herein as Exhibit 99.1 and is incorporated by
reference into this Item 5.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(b) PRO FORMA FINANCIAL INFORMATION. No pro forma financial
information is included in this report as the disposition of the
Division did not involve a significant amount of assets.
(c) EXHIBITS.
The following exhibits are filed with this report on Form 8-K:
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated June 29, 2000, announcing the
agreement.
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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 hereunto duly authorized.
Date: July 5, 2000 K2 INC.
BY: /s/RICHARD M. RODSTEIN
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Richard M. Rodstein
President and Chief Executive Officer
K2 INC.
Dated: July 5, 2000
BY: /s/JOHN J. RANGEL
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John J. Rangel
Senior Vice President - Finance
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