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UNITED STATES
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): July 17, 2003
Johnson Outdoors Inc.
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(Exact name of registrant as specified in its charter)
Wisconsin 0-16255 39-1536083
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
555 Main Street, Racine, Wisconsin 53403
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(Address of principal executive offices, including zip code)
(262) 631-6600
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(Registrant's telephone number, including area code)
Item 7. Financial Statements and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibit is being furnished with this
Current Report on Form 8-K (this "Report"):
99 Press Release dated July 17, 2003.
Item 9. Regulation FD Disclosure.
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(Information provided under Item 12 - Results of Operations and Financial
Condition).
On July 17, 2003, Johnson Outdoors Inc. (the "Company") issued a press
release regarding preliminary financial results for the Company's third quarter
2003 (the "Press Release"). A copy of the Press Release is being furnished as
Exhibit 99 to this Report.
Item 12 of Form 8-K, "Results of Operations and Financial Condition",
requires the Company to furnish the Press Release to the Securities and Exchange
Commission. In accordance with interim guidance issued by the Securities and
Exchange Commission in Release No. 33-8216, the Company is furnishing the Press
Release required by Item 12 under Item 9 of this Report.
SIGNATURES
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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.
Date: July 17, 2003
JOHNSON OUTDOORS INC.
By: /s/ Paul A. Lehmann
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Its: Chief Financial Officer
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JOHNSON OUTDOORS INC.
Exhibit Index to Current Report on Form 8-K
Exhibit
Number
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99 Press Release dated July 17, 2003.
[GRAPHIC OMITTED] [JOHNSON OUTDOORS LOGO]
Exhibit 99
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NEWS RELEASE
AT JOHNSON OUTDOORS: AT FRB / WEBER SHANDWICK:
Paul A. Lehman Larry Stein Leslie Loyet Tim Grace
VP and Chief Financial General Inquiries Analyst Contact Media Contact
Officer (312) 266-7800 (312) 640-6672 (312) 266-7800
(262) 631-6600
FOR IMMEDIATE RELEASE
THURSDAY, JULY 17, 2003
Johnson Outdoors Announces Preliminary Q3 Earnings
RACINE, WISCONSIN, July 17, 2003.....Johnson Outdoors Inc. (NASDAQ:JOUT)
announced today it anticipates third quarter earnings to be in the range of
$0.57 - $0.61 per diluted share. Third quarter results will reflect one-time
charges of between $3.3 million and $3.8 million pre-tax stemming from a
voluntary product recall of a UWATEC dive computer, which was announced today by
the U.S. CPSC, and a discontinued acquisition. These one-time charges will have
a negative impact in the range of $0.26 - $0.30 per diluted share.
Johnson Outdoors will hold its quarterly conference call on July 24, 2003 at
11:00 a.m. Eastern Time following release of its final third quarter results.
The call will be webcast at www.johnsonoutdoors.com and
www.companyboardroom.com. A replay will be available on both web sites for 30
days, and by telephone through July 31st by dialing 800-405-2236 or 303-590-3000
and providing confirmation code 544597.
About Johnson Outdoors Inc.
(JOUT/Nasdaq)
Johnson Outdoors is a leading global outdoor recreation company that turns ideas
into adventure with innovative, top-quality products. The company designs,
manufactures and markets a portfolio of winning, consumer-preferred brands
across four categories: Watercraft, Motors, Diving and Outdoor Equipment.
Johnson Outdoors' familiar brands include, among others: Old Town(R) canoes and
kayaks; Ocean(TM), Necky(TM) and Dimension(R) kayaks; Minn Kota(R) Motors;
Scubapro(R) and SnorkelPro; Uwatec(R); and, Eureka(R) Tents. Helen
Johnson-Leipold is Chairman & CEO of the company which has more than 25
locations around the world, employs 1,400 people and annual sales of about $300
million. Visit Johnson Outdoors online at www.JohnsonOutdoors.com.
Certain matters discussed in this press release are "forward-looking
statements," intended to qualify for the safe harbors from liability established
by the Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because the context of the
statement includes phrases such as the Company "expects," "believes" or other
words of similar meaning. Such forward-looking statements are subject to certain
risks and uncertainties which could cause actual results or outcomes to differ
materially from those currently anticipated. Factors that could affect actual
results or outcomes include completion of the quarterly review of financial
results, for the quarter ended June 27, 2003, by the Company's independent
auditors. Shareholders, potential investors and other readers are urged to
consider these factors in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking statements. The
forward-looking statements included herein are only made as of the date of this
press release and the Company undertakes no obligations to publicly update such
forward-looking statements to reflect subsequent events or circumstances.