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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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 21, 1998
MORROW SNOWBOARDS, INC.
(Exact name of registrant as specified in its charter)
OREGON 0-27002 93-1011046
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
2600 Pringle Road, S.E.
SALEM, OR 97302
(Address of principal executive offices)
(503) 375-9300
Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS.
The Morrow Snowboards, Inc. (the "Company") Board of Directors ("Board"),
at management's request, changed the titles of various executive management team
members, added management team members from Morrow Westbeach Canada ULC
(formerly Westbeach Snowboard Canada Ltd.) to the Company's management team and
added an additional executive management team member, Georell Bracelin. As
reorganized, the names and titles of the executive management team are as
follows:
<TABLE>
<CAPTION>
Name of Officer Title of Officer
- --------------- ----------------
<S> <C>
David E. Calapp Chairman of the Board, Chief Executive Officer and
President
Blair Mullin Chief Financial Officer, Treasurer and Secretary
Neil Morrow Team Leader, Boots & Bindings and Assistant Secretary
Tony Penca Team Leader, Snowboards and Assistant Secretary
Jim Morrow Team Leader, Operations and Assistant Secretary
Scott Sibley Team Leader, Global Sales
Georell Bracelin Team Leader, Marketing
Rob Morrow Team Leader, Advance Design, Hard Goods
Dennis Wilson Team Leader, Advance Design, Soft Goods
Marsha Richardson Assistant Secretary
</TABLE>
The responsibilities of a "Team Leader" are comparable to those of a "Vice-
President" in other organizations. Information regarding Messrs. Calapp, N.
Morrow, Penca, J. Morrow and R. Morrow are contained in Morrow's Proxy Statement
dated May 22, 1997 for the 1997 Annual Meeting. Information regarding Messrs.
Mullin, Sibley and Wilson are contained in Company's Current Report on Form 8-
K/A filed January 20, 1998. The following information is provided regarding
Georell Bracelin and Marsha Richardson:
Georell C. Bracelin, age 37, was Vice President, Senior Account Director at
the Ralston Group, an advertising agency based in Bend, Oregon, from November
1993 to December 1997 and prior thereto she worked with advertising agencies in
Portland, Oregon and Billings, Montana. She has received statewide and regional
"Addy" awards for client ads for clients in various industries.
Marsha Richardson, age 46, has been an Executive Assistant at Morrow since
February 1996. Prior thereto, she worked as a Customer Service Manager at II
Morrow, Inc., an avionics manufacturer. She worked at II Morrow, Inc. for over
ten years holding various positions.
Director Compensation. The Board, effective January 1, 1998, changed the
Board compensation to $750 per month for non-management directors, annual cash
compensation of $9,000. Such cash compensation for non-management directors is
in addition to the annual stock option grant to non-management directors of
2,450 shares each of Morrow Common Stock at the Company's annual meeting.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the registrant had duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized, in the
City of Salem, State of Oregon, on February 5, 1998.
MORROW SNOWBOARDS, INC.
By: /s/ David E. Calapp
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David E. Calapp
Chief Executive Officer
(Principal Executive Officer)
By: /s/ Blair Mullin
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Blair Mullin
Chief Financial Officer
(Principal Financial and Accounting Officer)
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