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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): JULY 28, 1998
K.SWISS INC.
(Exact Name of Registrant as Specified in Charter)
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<S> <C> <C>
Delaware 000-18490 95-4265988
(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.)
Incorporation)
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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 July 28, 1998, 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
347,294 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 July 28, 1998 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
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99.1 Press Release of K.Swiss Inc. dated July 28, 1998
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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: July 30, 1998 By: /s/ George Powlick
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George Powlick
Vice President-Finance and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of K.Swiss Inc. dated July 28, 1998
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EXHIBIT 99.1
K.Swiss Inc. Registers with SEC 347,294 Shares of Class A Common Stock Held by
Stockholder
CHATSWORTH, Calif., July 28, 1998 -- K.Swiss Inc. announced today that the
Company filed a Form S-3 Registration Statement with the Securities and Exchange
Commission covering a proposed offering of 347,294 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 10,000 shares of Class A
Common Stock and 364,894 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 10,000 shares
of Class A Common Stock, it will convert the necessary number of shares of Class
B Common Stock to shares of Class A Common Stock. Biltrite has further
indicated that subsequent to the completion of this offering, it will no longer
hold any shares of the Company's Common Stock, provided that it converts its
remaining 27,600 shares of Class B Common Stock to Class A Common Stock and
sells such shares under a currently effective Form S-3 Registration Statement
filed October 15, 1997 with the Securities and Exchange Commission.
K.Swiss Inc. designs, develops and markets athletic footwear for high
performance sports use and casual 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.
