ARNOLD PALMER GOLF CO, 10-C, 1996-07-17

ARNOLD PALMER GOLF CO
10-C, 1996-07-17
SPORTING & ATHLETIC GOODS, NEC
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<PAGE>   1
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                  FORM 10-C

               REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ

                         INTERDEALER QUOTATION SYSTEM

                 FILED PURSUANT TO SECTION 13 OR 15(d) OF THE

               SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17

                             OR 15d-17 THEREUNDER

                                ProGroup, Inc.
- - --------------------------------------------------------------------------------
                (Exact name of issuer as specified in charter)

                  6201 Mountain View Road Ooltewah, TN 37363
- - --------------------------------------------------------------------------------
                   (Address of principal executive offices)

Issuer's telephone number, including area code  (423) 238-8350
                                              ----------------------------------

                  I. CHANGE IN NUMBER OF SHARES OUTSTANDING

        Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:

1. Title of security  
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2. Number of shares outstanding before the change  
                                                   -----------------------------

        ------------------------------------------------------------------------

        ------------------------------------------------------------------------

3. Number of shares outstanding after the change  
                                                  ------------------------------

        ------------------------------------------------------------------------

        ------------------------------------------------------------------------

4. Effective date of change  
                             ---------------------------------------------------

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5. Method of change:

        Specify method (such as merger, acquisition, exchange, distribution,
        stock split, reverse split, acquisition of stock for treasury, etc.)


              ------------------------------------------------------------------

        Give brief description of transaction  
                                               ---------------------------------

              ------------------------------------------------------------------

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                         II. CHANGE IN NAME OF ISSUER

1. Name prior to change   ProGroup, Inc.
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2. Name after change   The Arnold Palmer Golf Company
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3. Effective date of charter amendment changing name  July 15, 1996
                                                     ---------------------------
                                                      
4. Date of shareholder approval of change, if required  July 15, 1996
                                                       -------------------------

Date 7/16/96                                /s/ David J. Kirby
    ----------------------                  ------------------------------------
                                            David J. Kirby
                                            Vice President Finance & Treasurer