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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 2, 1998
DECKERS OUTDOOR CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-22446 95-3015862
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(Commission File Number) (IRS Employer Identification No.)
495A South Fairview Avenue, Goleta, California 93117
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (805) 967-7611
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None
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(Former name or former address, if changed since last report)
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DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
Table of Contents
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PAGE
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Item 1. Changes in Control of the Registrant 1
Item 2. Acquisition or Disposition of Assets 1
Item 3. Bankruptcy or Receivership 1
Item 4. Changes in Registrant's Certifying Accountants 1
Item 5. Other Events 1
Item 6. Resignations of Registrant's Directors 1
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired 1
(b) Pro Forma Financial Information 1
(c) Exhibits 1
Item 8. Change in Fiscal Year 1
Item 9. Sale of Equity Securities Pursuant to Regulation S 1
Signature 2
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DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
ITEM 1. CHANGES IN CONTROL OF THE REGISTRANT. Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP. Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS. Not applicable.
ITEM 5. OTHER EVENTS.
On November 2, 1998, the Company issued a press release announcing
that Mark Thatcher, owner of Teva Sports Sandals, Inc., has engaged
an investment firm for purposes of exploring various strategic
options for the Teva brand. See Exhibit 99.1.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS. Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(A) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED. Not applicable.
(B) PRO FORMA FINANCIAL INFORMATION. Not applicable.
(C) EXHIBITS.
99.1 Press release, dated November 2, 1998, related to owner of
Teva Sport Sandals, Inc., Mark Thatcher's announcement to
explore various strategic options for the Teva brand.
ITEM 8. CHANGE IN FISCAL YEAR. Not applicable.
ITEM 9. SALE OF EQUITY SECURITIES PURSUANT TO REGULATION S. Not applicable.
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DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
SIGNATURE
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.
Deckers Outdoor Corporation
Date: November 6, 1998 /s/ M. SCOTT ASH
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M. Scott Ash, Chief Financial Officer
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Exhibit 99.1
FOR: DECKERS OUTDOOR CORPORATION
APPROVED BY: Scott Ash
Chief Financial Officer
(805) 967-7611
CONTACT: Integrated Corporate Relations, Inc.
Chad A. Jacobs/Thomas M. Ryan
(203) 222-9013
FOR IMMEDIATE RELEASE
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Deckers Outdoor Corporation Announces that Mark Thatcher, Owner of Teva Sports
Sandals, Inc., Will Explore Strategic Options.
GOLETA, California, November 2, 1998 - Deckers Outdoor Corporation (Nasdaq:
DECK) announced today that Mark Thatcher, owner of Teva Sport Sandals, Inc.,
will explore various strategic options for the Teva brand. Thatcher has engaged
Sutro & Co., Incorporated to act as his financial advisor to commence this
process.
Deckers is in continuing negotiations with Thatcher, pursuing various options
including a renewal of the existing license. Deckers is hopeful that it will be
able to successfully negotiate a favorable arrangement with Thatcher.
Deckers currently has an exclusive licensing agreement for Teva footwear and
apparel, which expires August 31, 2001. Deckers has been the exclusive licensee
of the products beginning in 1986, and has since extended or renewed the
licensing agreement three times.
Deckers Outdoor Corporation designs and markets innovative, function oriented
footwear and apparel, developed specifically for high performance outdoor,
sports and other lifestyle-related activities as well as for casual use. The
Company's products are offered under the Teva, Simple, Ugg and Picante brand
names.
