FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
March 8, 1999
Date of Report
AJAY SPORTS, INC.
(Exact Name of Registrant as specified in its charter)
Delaware 0-18204 39-1644025
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(State or other (Commission (I.R.S. Employer
jurisdiction of file number) Identification Number)
incorporation or
organization)
1501 E. Wisconsin Street
Delavan, WI 53115
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (414) 728-5521
N/A
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Former name or former address, if changed from last report
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ITEM 5: Other Events
On March 8, 1999, Ajay Sports, Inc. (the "Registrant") announced that it
had signed a license agreement with Gary Player Group, Inc. that will cover the
Registrant's design, manufacture, promotion, distribution and sale of golf bags,
golf gloves, pull-type golf carts and golf accessories sold throughout the
United States. The license with Gary Player Group will succeed the Spalding
license as the Registrant's predominant golf accessory license. Earlier that
same date, the Registrant announced a limited extension of its existing license
agreement with Spalding Sports Worldwide, Inc. on selected golf products to
provide a phase-out period for the Registrant's Spalding product line. The
Registrant has had a license agreement with Spalding since 1983, with numerous
amendments and renewals in response to marketplace changes. This limited
extension agreement will run for a maximum of 18 months as inventory is sold and
the Registrant moves from the Spalding-licensed product line to a newly licensed
Gary Player product line.
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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 thereunto duly authorized.
Date: March 9, 1999
AJAY SPORTS, INC.
By s\Robert R. Hebard
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Robert R. Hebard, Secretary
