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):
December 15, 1998
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Phoenix Gold International, Inc.
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(Exact name of registrant as specified in its charter)
Oregon 0-25866 93-1066325
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
9300 North Decatur Street, Portland, Oregon 97203
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(503) 288-2008
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Item 5. Other Events.
On December 15, 1998, Phoenix Gold International, Inc. announced that it
had completed the purchase of 216,000 shares of its common stock at the
prevailing market price on December 10, 1998, for an aggregate of approximately
$351,000. A copy of the news release dated December 15, 1998 disclosing the
purchase is attached as Exhibit 99(a) to this Current Report on Form 8-K.
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Item 7. Financial Statements and Exhibits
(c) Exhibits
99(a) Press release, dated December 15, 1998.
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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.
PHOENIX GOLD INTERNATIONAL, INC.
(Registrant)
Date: December 18, 1998 By: /s/ Joseph K. O'Brien
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Joseph K. O'Brien
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Page
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99(a) Press release, dated December 15, 1998 6
PRESS RELEASE
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION, CONTACT:
Joseph K. O'Brien Timothy G. Johnson
Chief Financial Officer Executive Vice President/
(503) 978-3306 Chief Operating Officer
(503) 978-3330
PHOENIX GOLD INTERNATIONAL, INC. ANNOUNCES PURCHASE
OF COMMON STOCK
PORTLAND, OREGON . . . December 15, 1998 --- Phoenix Gold International,
Inc. reported that it today completed the purchase of 216,000 shares of its
common stock at the prevailing market price on December 10, 1998, for an
aggregate of approximately $351,000. This purchase represented 6.2% of the
outstanding common shares of the Company. The shares were purchased from an
institutional investor.
Phoenix Gold International, Inc. designs, markets and sells innovative,
high quality, high performance electronics, accessories and speakers for the
domestic and international car audio aftermarket, the professional sound market
and the custom audio/video and home theater markets.
This press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995, including,
without limitation, statements as to expectations, beliefs and future financial
performance, and are based on current expectations and are subject to certain
risks, trends and uncertainties that could cause actual results to vary from
those projected, which variances may have a material adverse effect on the
Company. Among the factors that could cause actual results to differ materially
are the following: business conditions and growth in the car audio, professional
sound and custom audio/video and home theater markets and general economy;
business conditions in international markets; the timing and the size of orders
by distributors and OEM customers; competitive factors such as rival products
and price pressures; the failure of new products to compete successfully in
existing or new markets; the failure to achieve timely improvement in the
manufacturing ramp with respect to new products; changes in product mix;
availability and price of components, subassemblies and products supplied by
third-party vendors; and cost and yield issues associated with production at the
Company's factory.
