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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): July 15, 1996
THE ARNOLD PALMER GOLF COMPANY
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(Exact name of registrant as specified in its charter)
Tennessee 0-921 62-0331019
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(State of (Commission File No.) (IRS Employer
incorporation) Identification No.)
6201 Mountain View Road, Ooltewah, Tennessee 37363
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(Address of principal executive offices, including zip code)
(423) 238-5890
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
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At the Company's annual meeting of shareholders held on July 15,
1996, the shareholders of the Company voted to change the name of the Company to
The Arnold Palmer Golf Company. The name change was effected on July 15, 1996
by the filing of Articles of Amendment to the Restated Charter of the Company
with the Tennessee Secretary of State.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits. The following exhibit is being filed herewith;
99.1 Press Release of the Company dated July 16, 1996
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SIGNATURES
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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.
July 16, 1996 THE ARNOLD PALMER GOLF COMPANY
By: /s/ David Kirby
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David Kirby, Vice President Finance
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EXHIBIT 99.1
THE ARNOLD PALMER
GOLF COMPANY
A P A S S I O N F O R T H E G A M E
FOR IMMEDIATE RELEASE Contact: Mike Alday
July 16, 1996 Alday Communications
(615)791-1535
PROGROUP OFFICIALLY CHANGES
NAME AND STOCK TRADING SYMBOL
OOLTEWAH, Tenn - At its annual meeting yesterday, ProGroup, Inc.
shareholders voted to change the company name to The Arnold Palmer Golf Company
and approved the change of its NASDAQ stock trading symbol from "PRGR" to
"APGC" as of July 17, said George H. Nichols, president and chief operating
officer.
The company had been operating under The Arnold Palmer Golf Company
name since January. However, the name change had to be voted on by
shareholders before legal paperwork could be filed. It should become official
within the next two weeks, said Nichols.
"We are now recognizing and utilizing our greatest asset as never
before. Arnold Palmer is one of the most well known and respected figures in
the world and this gives us instant name recognition with golfers everywhere,"
said Nichols.
Along with its name, the company has also changed its stock trading
symbol on the NASDAQ SmallCap Market from "PRGR" to "APGC." This will take
effect on Wednesday, July 17, 1996.
Based in Ooltewah, Tenn., The Arnold Palmer Golf Company manufactures,
markets and distributes a full line of golf products including Palmer Golf
Equipment and Hot-Z bags and luggage. The company owns, subject to certain
exceptions, the exclusive worldwide rights to the Arnold Palmer trade name in
connection with the company's manufacture, sale and distribution of golf
products.
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ProGroup, Inc. - 6201 Mountain View Road, Ooltewah, TN 37363 - 800/735-6300 -
423/258-5890 - Fax 423/258-9831
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