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): October 8, 2013
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Johnson Outdoors Inc.
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(Exact name of registrant as specified in its charter)
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Wisconsin
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0-16255
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39-1536083
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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555 Main Street, Racine, Wisconsin 53403
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(Address of principal executive offices, including zip code)
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(262) 631-6600
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(Registrant's telephone number, including area code)
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Not Applicable
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(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure.
On October 8, 2013, Johnson Outdoors Inc. (the “Company”) issued a press release announcing approval by the Board of Directors of a quarterly cash dividend payable on November 7, 2013 to shareholders of record at the close of business on October 24, 2013 (the “Press Release”). A copy of the Press Release is being furnished pursuant to Item 7.01 of this Form 8-K Report as Exhibit 99.1.
The information in this Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
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(d)
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Exhibits. The following exhibit is being furnished herewith:
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99.1
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-- Press Release Dated October 8, 2013.
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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.
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JOHNSON OUTDOORS INC.
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Date: October 8, 2013
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By: _/s/ David W. Johnson_________________________
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David W. Johnson,
Vice President and 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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99.1
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-- Press Release Dated October 8, 2013.
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4
Exhibit 99.1
FOR IMMEDIATE RELEASE
At Johnson Outdoors Inc.
David Johnson Cynthia Georgeson
VP & Chief Financial Officer VP - Worldwide Communication
262-631-6600 262-631-6600
JOHNSON OUTDOORS ANNOUNCES CASH DIVIDEND
RACINE, WISCONSIN, October 8, 2013…..Johnson Outdoors Inc. (Nasdaq: JOUT), a global leader in innovative outdoor recreation equipment products, today announced approval by the Board of Directors of a quarterly cash dividend. The dividend approved by the Board anticipates a total annual payout of $0.30 per share on the Company’s outstanding shares of Class A common stock, payable through a quarterly cash dividend of $0.075 per Class A share. An estimated total annual payout of $0.27 per share of the Company’s outstanding shares of Class B common stock is also anticipated, payable through a quarterly cash dividend of $0.068 per Class B share. The first quarterly cash dividend is payable on November 7, 2013 to shareholders of record at the close of business on October 24, 2013.
“Over the past five years we have outpaced our markets and competitors, steadily growing profits faster than sales and enhancing the value of Johnson Outdoors for investors. Our consistently strong financial performance, disciplined balance sheet management and healthy cash position enables us to continue to make smart, strategic investments in future growth, and to simultaneously pay a dividend to our shareholders. We are very pleased to return a portion of earnings to shareholders as we drive forward with our plans for continued success in the future,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer.
“We evaluated a number of ways to further enhance value for shareholders, with a clear focus on our ability to do so consistently going forward. We believe we are on a clear path of sustained profitable growth, with the strength and capabilities to deliver strong financial performance now and in the future,” added David W. Johnson, Vice President and Chief Financial Officer.
While the Company intends to pay regular quarterly cash dividends for the foreseeable future, the declaration and payment of future dividends will be subject to determination by the Board of Directors each quarter after its review of the Company’s financial performance and other relevant factors.
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ABOUT JOHNSON OUTDOORS INC.
JOHNSON OUTDOORS is a leading global outdoor recreation equipment 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, Marine Electronics, Diving and Outdoor Gear. Johnson Outdoors' familiar brands include, among others: Old Town® canoes and kayaks; Ocean Kayak™ and Necky® kayaks; Carlisle® paddles; Extrasport® personal flotation devices; Minn Kota® motors; Cannon® downriggers; Humminbird® marine electronics; LakeMaster® electronic charts; SCUBAPRO® and SUBGEAR® dive equipment; Silva® compasses; Jetboil® outdoor cooking systems; and Eureka!® camping and hiking equipment.
Visit Johnson Outdoors at http://www.johnsonoutdoors.com
SAFE HARBOR STATEMENT
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. Statements other than statements of historical fact are considered forward-looking statements. These statements may be identified by the use of forward-looking words or phrases such as "anticipate,'' "believe,'' "could,'' "expect,'' "intend,'' "may,'' "planned,'' "potential,'' "should,'' "will,'' "would'' or the negative of those terms 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 changes in economic conditions, consumer confidence levels and discretionary spending patterns in key markets; the Company’s continued success in implementing its strategic plan, including its targeted sales growth platforms and focus on innovation; the Company’s success in integrating strategic acquisitions; litigation costs related to actions of and disputes with third parties, including competitors; the Company’s continued success in working capital management and cost-structure reductions; the Company’s ongoing success in meeting financial covenants in its credit agreements with lenders; risk of future write-downs of goodwill or other intangible assets; ability of the Company’s customers to meet payment obligations; movements in foreign currencies, interest rates and commodity costs; the success of suppliers and customers; the ability of the Company to deploy its capital successfully; adverse weather conditions; and other risks and uncertainties identified in the Company’s filings with the Securities and Exchange Commission. 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 obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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