UNITED STATES
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): September 2, 1997
Swing-N-Slide Corp.
(Exact name of registrant as specified in its charter)
Delaware 0-20450 36-3808989
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
1212 Barberry Drive, Janesville, Wisconsin 53545
(Address of principal executive offices, including zip code)
(608) 755-4777
(Registrant's telephone number)
<PAGE>
Item 5. Other Events.
On September 2, 1997, Richard G. Mueller resigned as Chairman,
President and Chief Executive Officer and as a director of Swing-N-Slide
Corp. (the "Company"). Mr. Mueller will remain as an employee during the
pendency of discussions regarding the terms of a severance agreement,
which will reflect (and supersede) the terms of Mr. Mueller's current
Severance, Change of Control and Noncompetition Agreement, dated as of May
21, 1997, with the Company.
The Board of Directors has elected Terence S. Malone to replace Mr.
Mueller as Chief Executive Officer pending the outcome of a search for a
new Chief Executive Officer. Mr. Malone has served as a director of the
Company since September 1992 and was the Chairman or President as well as
the Chief Executive Officer of Johnson Worldwide Associates, Inc. from
1984 until his retirement in 1994.
The press release issued in connection with Mr. Mueller's
resignation is filed as an exhibit to this Current Report on Form 8-K and
is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
The exhibit listed in the accompanying Exhibit Index is filed
as part of this Current Report on Form 8-K.
<PAGE>
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 thereunto duly authorized.
SWING-N-SLIDE CORP.
Date: September 5, 1997 By: /s/ Richard E. Ruegger
Richard E. Ruegger
Vice President-Finance and
Chief Financial Officer
<PAGE>
SWING-N-SLIDE CORP.
EXHIBIT INDEX TO FORM 8-K
Report Dated September 2, 1997
Exhibit
(99) Swing-N-Slide Corp. Press Release, dated
September 3, 1997.
Exhibit (99)
SWING-N-SLIDE CORPORATION
1212 Barberry Drive
Janesville, WI 53545
FOR FURTHER INFORMATION
AT THE COMPANY: THE FINANCIAL RELATIONS BOARD:
Richard Ruegger Mike Arneth and Jeff Wilhoit
VP Finance/CFO General Inquiries
(608) 755-4777 (312) 266-7800
FOR IMMEDIATE RELEASE
WEDNESDAY, SEPTEMBER 3, 1997
Swing-N-Slide Corp. Announces Mueller Resignation
Janesville, Wisconsin, September 3, 1997-Swing-N-Slide Corp. (AMEX: SWG)
announced today that Richard G. Mueller, Chairman and Chief Executive
Officer has informed the company of his decision to resign as company
officer and director effective immediately. Mr. Mueller began his career
with Swing-N-Slide Corp. in May 1993 as President and Chief Operating
Officer. In January 1994, he became Chief Executive Officer and has
served as Chairman of the Board of Directors since February 1996.
On behalf of all its employees and Board of Directors, David S. Evans,
Chairman of the Executive Committee of the Board, stated: "The company
expresses its thanks to Rich Mueller for his dedication to Swing-N-Slide
Corp. and his special efforts in the company's recent acquisition of
GameTime, Inc., a leading manufacturer of modular and custom commercial
outdoor playground equipment. He has been a key player in corporate
management which has positioned the company for substantial growth in the
future."
Terence S. Malone, a company director since September 1992, and former
Chairman and Chief Executive Officer of Johnson Worldwide Associates,
Inc., a $350 million in revenues international manufacturer and marketer
of outdoor recreational products, will serve as the Chief Executive
Officer of Swing-N-Slide Corp. until a successor for Mr. Mueller is named.
Swing-N-Slide Corp. is a leading commercial and consumer playground
equipment company. The company designs, manufacturers and markets modular
and custom commercial outdoor playground equipment sold directly to
schools, parks and municipalities by a network of independent
representatives. Its do-it-yourself consumer wooden playground equipment
is sold nationwide through more than 8,000 home center, building supply
and hardware stores.
