<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
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): OCTOBER 15, 1997
K.SWISS INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-18490 95-4265988
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
20664 Bahama Street
CHATSWORTH, CALIFORNIA 91311
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (818) 998-3388
None
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
This report is qualified in its entirety by reference to the documents
described herein and attached as exhibits hereto, which are incorporated herein
by this reference.
On October 15, 1997, K.Swiss Inc., a Delaware corporation, announced the
filing of a registration statement on Form S-3 (the "Registration Statement")
with the Securities and Exchange Commission covering a proposed offering of
300,000 shares of Class A Common Stock of K.Swiss Inc., which are to be offered
by The Biltrite Corporation. K.Swiss Inc. will not receive any of the proceeds
of this offering.
The Press Release of K.Swiss Inc. dated October 15, 1997 announcing the
filing of the Registration Statement is filed herewith as Exhibit 99.1.
ITEM 7. EXHIBITS.
The following exhibits are filed with this current report on Form 8-K:
Exhibit No. Description
- ----------- -----------
99.1 Press Release of K.Swiss Inc. dated October 15, 1997
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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.
K.SWISS INC.
Date: October 15, 1997 By: /s/ George Powlick
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George Powlick
Vice President-Finance,
Chief Financial Officer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<C> <S>
99.1 Press Release of K.Swiss Inc. dated October 15, 1997
</TABLE>
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONTACT: GEORGE POWLICK
CHIEF FINANCIAL OFFICER
(818) 998-3388
K.SWISS INC. REGISTERS WITH SEC 300,000 SHARES
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OF CLASS A COMMON STOCK HELD BY STOCKHOLDER
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CHATSWORTH, CA, [October 15, 1997] - K.Swiss Inc. (NASDAQ - KSWS) announced
today that the Company filed a Form S-3 Registration Statement with the
Securities and Exchange Commission covering a proposed offering of 300,000
shares of Class A Common Stock, which are to be offered by The Biltrite
Corporation pursuant to certain registration rights held by Biltrite. The
Company will not receive any of the proceeds from the offering. The two
principal officers of Biltrite are directors of the Company.
K.Swiss Inc. is advised that Biltrite currently holds 30,000 shares of Class A
Common Stock and 637,294 shares of Class B Common Stock, each share of which is
freely convertible into one share of Class A Common Stock. Biltrite has
indicated to the Company that in the event it sells in excess of 30,000 shares
of Class A Common Stock, it will convert the necessary number of shares of its
Class B Common Stock to shares of Class A Common Stock.
K.Swiss Inc. designs, develops and markets athletic footwear for high
performance sports use and fitness activities. The Company presently offers
footwear for court, nautical, casual and children's categories.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any State in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such State. Written prospectuses may be
obtained from K.Swiss Inc., 20664 Bahama Street, Chatsworth, California 91311,
Attn.: Chief Financial Officer -- Telephone, 818-998-3388.
