<PAGE> 1
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): July 21, 1997
POLK AUDIO, INC.
(Exact Name of Registrant as Specified in Charter)
<TABLE>
<S> <C> <C>
MARYLAND 000-14729 52-0954180
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
</TABLE>
5601 METRO DRIVE, BALTIMORE, MARYLAND 21215
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (410) 358-3600
(Former Name or Former Address, if Changed Since Last Report)
<PAGE> 2
Item 5. Other Events
On July 21, 1997, Polk Audio, Inc. (the "Company") announced a new
licensing agreement with Hewlett-Packard Company Home Products Division. The
license covers a package of trademarks, patents and designs for loudspeakers
which will be sold as part of the HP Pavilion line of multimedia computer
systems. Actual manufacturing of the licensed product will be done by third
parties in Asia under Polk's and HP's joint direction. Polk Audio expects to
realize royalty income from this licensing agreement beginning in its June 1997
fiscal quarter.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) and (b) Financial Statements and Pro Forma Information. Not applicable.
(C) Exhibits. The following exhibits are filed with this report, and the
foregoing description is modified by reference to such exhibits:
(1) Polk Audio, Inc. Press Release dated July 21, 1997.
<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 hereunto duly authorized.
Polk Audio, Inc.
By: /s/ George M. Klopfer
----------------------------------
George M. Klopfer
Chief Executive Officer
Date: August 5, 1997
<PAGE> 1
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: GEORGE M. KLOPFER, CEO
(410) 358-3600
JULY 21, 1997
================================================================================
Baltimore, MD - Polk Audio, Inc. (Amex: PKA) announced today that it
has negotiated a licensing agreement with Hewlett-Packard Company Home Products
Division. The license covers a package of trademarks, patents and designs for
loudspeakers which will be sold as part of the HP Pavilion line of multimedia
computer systems.
Actual manufacture of the licensed products will be done by third
parties in Asia under Polk's and HP's joint direction.
It is expected that the products will be available to consumers from
various retailers of HP products in the US market and in certain Asian and
European markets this summer. Polk Audio expects to realize royalty income
from this licensing agreement beginning in its June 1997 fiscal quarter.
Polk Audio is a manufacturer of high-quality loudspeaker systems
headquartered in Baltimore, MD.
# # #
