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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
Date of Report (Date of Earliest Event Reported): May 18, 2000
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THE TIMBERLAND COMPANY
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(Exact name of Registrant as Specified in Charter)
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DELAWARE 1-09548 02-0312554
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(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
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200 Domain Drive, Stratham, NH 03885
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(Address of Principal Executive Offices) (Zip Code)
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(603) 772-9500
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(Registrant's telephone number including area code)
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ITEM 5. OTHER EVENTS.
On May 18, 2000, The Timberland Company (the "Company") announced that its
Board of Directors approved a 2-for-1 stock split of its Class A and Class B
Common Stock. The additional shares will be distributed July 17, 2000, to the
shareholders of record on June 30, 2000.
The Company also announced that, in connection with the stock split, its
Board of Directors increased in the number of shares that the Company is
authorized to repurchase under its previously announced repurchase plan to up to
four million shares.
A copy of the Company's press release dated May 18, 2000 is attached hereto
as Exhibit 99 and is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit 99 Press release of The Timberland Company
dated May 18, 2000.
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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.
THE TIMBERLAND COMPANY
Date: May 23, 2000 By /s/ Brian McKeon
Name: Brian McKeon
Title: Senior Vice President-Finance
and Administration and Chief
Financial Officer
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EXHIBIT INDEX
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EXHIBIT NUMBER DESCRIPTION
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99 Press Release of The Timberland Company dated May 18, 2000.
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EXHIBIT NO. 99
[TIMBERLAND LOGO] P R E S S R E L E A S E
FOR IMMEDIATE RELEASE CONTACT: Susan Ostrow
Senior Manager, Investor Relations
(603) 773-1212
TIMBERLAND ANNOUNCES TWO-FOR-ONE STOCK SPLIT
STRATHAM, NH, May 18, 2000 -- The Timberland Company today announced that
its Board of Directors approved a 2-for-1 split of its Class A and Class
B Common Stock. The additional shares will be distributed on July 17, 2000,
to shareholders of record on June 30, 2000. This announcement follows
shareholder approval at the Company's May 18, 2000 Annual Meeting to increase
the authorized number of shares of Class A Common Stock from 30 million to 60
million. The Company had approximately 15.5 million shares of Class A Common
Stock and 4.7 million shares of Class B Common Stock issued and outstanding
as of May 18, 2000.
In connection with the stock split, the Board also increased the number of
shares authorized under its previously announced repurchase program to up to
four million shares. As of May 18, 2000, the Company had approximately 1.3
million shares remaining, post-split, under its current share repurchase
authorization.
The Timberland Company designs, engineers and markets premium-quality
footwear, apparel and accessories for consumers who value the outdoors and
their time in it. Timberland(R) products offer quality workmanship and
detailing and are built to withstand the elements of nature. Timberland is
headquartered in Stratham, NH.
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