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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 2059
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):
November 24, 1998
RIDDELL SPORTS INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-19298 22-2890400
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(State or Other (Commission IRS Employer
Jurisdiction of File Number) Identification No.)
900 Third Avenue, Floor 27, New York, New York 10022
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 826 4300
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. OTHER EVENTS
RECENT DEVELOPMENTS
On November 24, 1998 the Company finalized its agreement with UMBRO
International, Inc. to license the UMBRO(R) trademark for use in connection
with the manufacture and/or distribution of soccer apparel, footwear and
equipment to the team channel of distribution in the United States of
America. The license has an initial term of 5 years with a renewal option
for an additional 5 years if the Company achieves certain sales volume
requirements.
The Company and Signal Apparel Company, Inc. have agreed to share
certain marketing expenses and to jointly develop the UMBRO brand.
Concurrently with the Company's entering into its license, Signal entered
into a license agreement with UMBRO International, Inc. to sell UMBRO brand
soccer apparel, footwear and equipment to the branded channel in the United
States.
On December 1, 1998 the Company announced that Dan Cougill, President
and Chief Operating Officer of the Riddell Group Division, had resigned and
that the Company had no plans to hire a replacement. The Company's
President and Chief Executive Officer, David Mauer, will assume the duties
previously undertaken by Mr. Cougill.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) None
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
RIDDELL SPORTS INC.
DATED: December 1, 1998 By: /s/Lisa Marroni
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Lisa Marroni
Vice President
