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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): September 3, 1997
CANNONDALE CORPORATION
(Exact name of registrant as specified in charter)
Delaware 0-24884 06-0871823
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
9 Brookside Place, Georgetown, Connecticut 06829-0122
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(203) 544-9800
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ITEM 5. OTHER EVENTS.
On September 3, 1997, the Board of Directors of Cannondale Corporation
(the "Company") authorized a stock repurchase program under which the Company
may repurchase up to 1,000,000 shares of its common stock. A copy of a press
release issued on September 3, 1997, relating to such stock repurchase program,
is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) EXHIBITS
Exhibit No. Description
99.1 Press Release of Cannondale Corporation, dated September 3, 1997.
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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.
CANNONDALE CORPORATION
Registrant
Date: September 3, 1997 By: /s/ WILLIAM A. LUCA
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Name: William A. Luca
Title: Vice President of Finance,
Treasurer and Chief
Executive Officer
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EXHIBIT INDEX
Exhibit No. Exhibit
99.1 Press Release of Cannondale Corporation,
dated September 3, 1997.
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CONTACT:
WILLIAM A. LUCA
VICE PRESIDENT OF FINANCE
(203) 544-9800
FOR IMMEDIATE RELEASE
CANNONDALE CORPORATION
ANNOUNCES STOCK REPURCHASE PROGRAM
Georgetown, CT (September 3, 1997) -- Cannondale Corporation's Board of
Directors today authorized the repurchase by the Corporation of up to 1,000,000
shares of its common stock. Purchases by the Corporation may be made from time
to time in the open market or in private transactions. The repurchase program
may be suspended or discontinued at any time. Shares repurchased by the
Corporation will be available for general corporate purposes, including
issuance upon the exercise of employee options.
Cannondale (NASDAQ: BIKE) is a leading manufacturer of high-performance
aluminum bicycles. The Company's bicycles and bicycle accessories, which include
clothing, packs and bags, bike trailers and components, are marketed under the
Cannondale brand name and "Handmade in USA" logo. Based in Georgetown,
Connecticut, Cannondale operates two factories in Pennsylvania and has
subsidiaries in Europe, Japan and Australia.
