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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
April 22, 1998
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(Date of earliest event reported)
RIDE, INC.
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(Exact name of registrant as specified in its charter)
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Washington 1-13042 91-1571027
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(State or other jurisdiction of Commission File Number (I.R.S. Employer Identification No.)
Incorporation)
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8160 304th Avenue Southeast
Preston, Washington 98050
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(Address of principal executive offices) (Zip Code)
(425) 222-6015
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(Registrant's telephone number, including area code)
Page 1 of 3
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ITEM 8. CHANGE IN FISCAL YEAR
Ride, Inc. will change its year end from December 31 to a July 1
through June 30 fiscal year. This change was approved by the Company's Board of
Directors on April 22, 1998. A report covering the six-month transition period
of January 1, 1998 through June 30, 1998 will be filed on Form 10-K no later
than September 28, 1998.
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SIGNATURES
In accordance with the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RIDE, INC.
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(Registrant)
Dated: May 5, 1998 By /s/ G. Scott Stewart
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G. Scott Stewart
Senior Vice President and
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Description Page
99.1 Press Release dated May 4, 1998
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RIDE SPORTS
8160 304th Avenue S E Preston WA USA 98050
Phone 425 222-8247 Fax 425 222-4865
CONTACT: Brian Young
Investor Relations
425-222-8247
RIDE SPORTS CHANGES YEAR END
PRESTON, Wash., May 4, 1998 -- Ride Sports (Nasdaq: RIDE), a leader in
innovative snowboard technology, today announced that it will change its year
end from December 31 to a July 1 through June 30 fiscal year. This change was
approved by the Company's Board of Directors on April 22, 1998. A report
covering the six-month transition period of January 1, 1998 through June 30,
1998 will be filed on Form 10-K no later than September 28, 1998.
"Several factors prompted us to change our fiscal year end," said
Scott Stewart, Ride's Chief Financial Officer. "Because we begin shipping our
new products to retailers in July, the new fiscal year will better reflect our
business cycle. In addition, we believe that this change will simplify
communications with investors and shareholders."
Established in 1992, Ride is headquartered at the foothills of the
Cascade Mountains, in Preston, Washington. Ride is a leading manufacturer of
contemporary sports equipment including snowboard equipment, wakeboards, and
apparel under the brand names: Ride, Liquid, 5150, Smiley Hats, SMP and
Fulltilt.
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To the extent this press release discusses financial projections,
information or expectations about the Company's products or markets,
otherwise makes statements about the future, such statements are
forward-looking statements within the meaning of that term in the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
are subject to a number of risks and uncertainties that could cause actual
results to differ materially from the statements made. Factors which could
cause actual results to differ materially include, but are not limited to,
those set forth in the "Risk Factors" of the Company's 1997 Form 10-K as
filed with the Securities and Exchange Commission.
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