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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) November 8, 1996
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[LOGO OF K SWISS INC.]
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(Exact name of registrant as specified in its charter)
Delaware 0-18490 95-4265988
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number Identification No.)
of incorporation)
20664 Bahama Street, Chatsworth, California 91311
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (818) 998-3388
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Item 5. Other Events.
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On November 8, 1996, the Company issued a press release relating to the
purchase of up to $10,000,000 of its Class A common stock on the open
market through December 1997. A copy of the November 8, 1996 press
release is attached as Exhibit 99.
Item 7. Financial Statements and Exhibits.
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(c). Exhibits:
99 Press release dated November 8, 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.
K.Swiss Inc.
Date: November 8, 1996 By: George Powlick
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George Powlick
Vice President Finance and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
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99 Press release dated November 8, 1996. 5
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EXHIBIT 99
Contact: George Powlick
Chief Financial Officer
(818) 998-3388
For Immediate Release
K.SWISS INC. ANNOUNCES EXTENSION AND INCREASE OF
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STOCK BUY BACK AUTHORIZATION
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CHATSWORTH, CA, November 8, 1996 - K.Swiss Inc. (NASDAQ-KSWS) announced
today that its Board of Directors has extended its previously announced Class A-
Common Stock open market purchase program from December 31, 1996 to December 31,
1997. In addition, the authorization was increased by approximately $5,200,000
from $4,800,000 (the remaining amount of the previous $10,000,000 authorization)
to $10,000,000. Such open market purchases, if any, will occur from time to time
as market conditions warrant, through December 31, 1997. Currently, there are
3,583,851 shares of Class A-Common Stock outstanding. As previously announced in
the Company's Form 10-Q for the quarter ended September 30, 1996, 502,000 shares
of Class A-Common Stock, at a total cost of approximately $5,200,000, has been
purchased in the open market to date under the previously authorized buy back
program.
K.Swiss Inc. designs, develops and markets athletic footwear for high
performance sports and fitness activities. The Company presently offers
footwear for court, nautical, sports, hiking and walking.
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