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<PAGE>
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 September 21, 1995
REEBOK INTERNATIONAL LTD.
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(Exact name of registrant as specified in its charter)
Massachusetts 1-9340 04-2678061
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State of incorporation (Commission (IRS Employer
or organization) File Number) Identification No.)
100 Technology Center Drive, Stoughton, MA 02072
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (617) 341-5000
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N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
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The attached Exhibit 12, Computation of Ratio of Earnings to Fixed
Charges, is filed herewith to reflect computations of the pro forma ratio of
earnings to fixed charges for the year ended December 31, 1994 and for the six
months ended June 30, 1995, amending Exhibit 12 to the Company's Registration
Statement on Form S-3 (No. 33-62301) filed with the Securities and Exchange
Commission on September 1, 1995, which was declared effective on September 12,
1995.
<PAGE>
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.
REEBOK INTERNATIONAL LTD.
Date: September 21, 1995 By: /s/ Kenneth I. Watchmaker
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Title: Executive Vice President and
Chief Financial Officer
<PAGE>
Exhibit 12
REEBOK INTERNATIONAL LTD.
(Amounts in Thousands)
Exhibit 12 - Statement RE: Computation of Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
Year Ended December 31,
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Pro Forma
1990 1991 1992 1993 1994 1994*
-------- -------- -------- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
Earnings
Pretax Income $ 294,835 $ 389,886 $ 257,964 $ 363,247 $ 408,472 $ 411,514
Add:
Interest on indebtedness 18,857 29,295 20,080 25,021 16,515 13,515
Amortization of debt discount
and issuance costs 96 1,741 1,914 1,368 816 774
Interest on letters of credit 1,503 87 4 0 0 0
Portion of rent representative
of the interest factor 4,297 5,393 6,764 7,876 9,625 9,625
------- ------- ------- ------- ------- -------
Income as adjusted $ 319,588 $ 426,402 $ 286,762 $ 397,512 $ 435,428 $ 435,428
======= ======= ======= ======= ======= =======
Fixed Charges
Interest on indebtedness $ 18,857 $ 29,295 $ 20,080 $ 25,021 $ 16,515 $ 13,515
Amortization of debt discount
and issuance costs 96 1,741 1,914 1,368 816 774
Interest on letters of credit 1,503 87 4 0 0 0
Portion of rent representative
of the interest factor 4,297 5,393 6,764 7,876 9,625 9,625
------- ------- ------- ------- ------- --------
Fixed charges $ 24,753 $ 36,516 $ 28,798 $ 34,265 $ 26,956 $ 23,914
======= ======= ======= ======= ======= =======
Ratio of earnings to fixed charges 12.9 11.7 10.0 11.6 16.2 18.2
<CAPTION>
Six Months Ended
Pro Forma
June 30, 1994 June 30, 1995 June 30, 1995*
------------- ------------- --------------
<S> <C> <C> <C>
Earnings
Pretax Income $ 188,382 $ 140,162 $ 141,683
Add:
Interest on indebtedness 9,242 12,287 10,787
Amortization of debt discount
issuance costs 477 246 225
Interest on letters of credit 0 0 0
Portion of rent representative
of the interest factor 4,812 4,826 4,826
------- ------- -------
Income as adjusted $ 202,913 $ 157,521 $ 157,521
======= ======= =======
Fixed Charges
Interest on indebtedness $ 9,242 $ 12,287 $ 10,787
Amortization of debt discount
and issuance costs 477 246 225
Interest on letters of credit 0 0 0
Portion of rent representative
of the interest factor 4,812 4,826 4,826
------- ------- -------
Fixed charges $ 14,531 $ 17,359 $ 15,838
======= ======= =======
Ratio of earnings to fixed charges 14.0 9.1 9.9
</TABLE>
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* The pro forma ratio of earnings to fixed charges for the year ended
December 31, 1994 and the six months ended June 30, 1995 assumes that the
net proceeds from the sale of the Debentures are used to redeem the 9 3/4%
Debentures and that the sale of the Debentures offered hereby occurred on
January 1, 1994 and January 1, 1995, respectively. The ratio has been
computed using an interest rate on the Debentures of 6 3/4%.
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