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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) January 15, 1998
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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 January 15, 1998, the Company issued a press release relating to
the purchase of up to $2,832,000 of its Class A Common Stock on the
open market through December 1998. A copy of the January 15, 1998
press release is attached as Exhibit 99.
Item 7. Financial Statements and Exhibits.
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(c). Exhibits:
99 Press release dated January 15, 1998.
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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: January 20, 1998 By: /s/ 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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Page
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Exhibit
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99 Press release dated January 15, 1998. 5
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Contact: George Powlick
Chief Financial Officer
(818) 998-3388
For Immediate Release
K-SWISS INC. ANNOUNCES
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STOCK BUY BACK AUTHORIZATION
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CHATSWORTH, CA, January 15, 1998 - K-Swiss Inc. (NASDAQ-KSWS) announced today
that its Board of Directors has authorized the Company to purchase $2.832
million of its Class A Common Stock in an open market purchase program. The
amount of the authorization represents the remaining amount of the previous
$10,000,000 buy back authorization which expired December 31, 1997. Such open
market purchases, if any, will occur from time to time as market conditions
warrant, through December 31, 1998. Currently, there are 3,107,886 shares of
Class A Common Stock outstanding. 1,002,700 shares of Class A Common Stock, at
a total cost of approximately $12,389,000, have been purchased by the Company in
the open market from August, 1996 through December 31, 1997 under the Company's
prior buy back programs.
K-Swiss Inc. designs, develops and markets athletic footwear for high
performance sports and fitness activities. The Company presently offers
footwear for court, nautical, casual and children's categories.
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