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) MARCH 7, 1999
MARKER INTERNATIONAL
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(Exact Name of Registrant as Specified in Charter)
UTAH 0-24556 87-037275
(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
1070 WEST 2300 SOUTH, SALT LAKE CITY, UTAH 84119
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number,
including area code: (801) 972-2100
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. OTHER EVENTS.
On March 7, 1999, Marker International ("Marker") signed a letter of
intent with CT Sports Holding AG ("CTSH"), a corporation organized and existing
under the laws of Switzerland, regarding the restructuring of Marker. CTSH is a
newly formed joint venture between Tecnica S.p.A. and H.D. Cleven, the principal
shareholder of the Volkl Group. The letter of intent contemplates the formation
of a new entity which will succeed to Marker's assets and assume Marker's
liabilities. CTSH will own 85% of the new entity and have the right to acquire
the other 15% from the shareholders of Marker at some time in the future at the
then fair market value. The entire transaction is subject to several conditions,
including the successful restructuring of Marker's obligations to its lending
banks and the completion of mutually acceptable definitive agreements.
On March 8, 1999, Marker issued the press release set forth as Exhibit
20.1 hereto.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS.
None.
(b) PRO FORMA FINANCIAL INFORMATION.
None.
(c) EXHIBITS.
20.1 Press Release, dated March 8, 1999.
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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 hereunto duly authorized.
MARKER INTERNATIONAL
By: /s/ Kevin Hardy
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Name: Kevin Hardy
Title: Chief Financial Officer
Dated: March 12, 1999
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
20.1 Press Release, dated March 8, 1999.
