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): May
27, 2005
|
Johnson
Outdoors Inc. |
|
(Exact
name of registrant as specified in its
charter) |
|
Wisconsin
|
0-16255
|
39-1536083
| ||
|
(State
or other jurisdiction |
(Commission
File Number) |
(IRS
Employer | ||
|
of
incorporation) |
Identification
No.) |
|
555
Main Street, Racine, Wisconsin 53403 |
|
(Address
of principal executive offices, including zip
code) |
|
(262)
631-6600 |
|
(Registrant's
telephone number, including area code) |
|
Not
Applicable |
|
(Former
name or former address, if changed since last
report) |
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:
|
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
|
[
] |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item
8.01. Other Events.
On May
27, 2005, Johnson Outdoors Inc. (the "Company") issued a press release
announcing the award of a $15.9 million urgent need military tent order
from the United States government. A copy of the press release is attached as
Exhibit 99.1 to this Form 8-K.
Item
9.01. Financial Statements and Exhibits.
|
|
(c)
|
Exhibits.
The following exhibit is being furnished
herewith: |
|
|
99.1
|
Press
Release of Johnson Outdoors Inc. Issued May 27, 2005.
|
2
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.
|
JOHNSON
OUTDOORS INC. | |
|
Date: June
1, 2005 |
By: /s/
Jervis B.
Perkins
|
|
|
Jervis B. Perkins, President and
Chief Operating Officer |
3
JOHNSON
OUTDOORS INC.
Exhibit
Index to Current Report on Form 8-K
Exhibit
Number
|
99.1 |
Press
Release of Johnson Outdoors Inc. Issued May 27, 2005.
|
4
Exhibit
99.1
FOR
IMMEDIATE RELEASE
CONTACT:
CYNTHIA
GEORGESON
262-631-6600
Johnson
Outdoors Receives $15.9 Million Military Tent Order
Urgent
Need MGPTS Order Keeps Tent Production Going
RACINE,
WISCONSIN, May 27, 2005…Johnson Outdoors Inc. (JOUT:
Nasdaq), maker
of Eureka!® tents, has been awarded a $15.9 million urgent need military tent
order. The government order calls for delivery of 2,510 modular general purpose
tent systems (MGPTS) over the next eight (8) months. Urgent need orders are
awarded based on a supplier’s proven capability to ensure quality and quantity
at an accelerated pace.
The
MGPTS, first used by U.S. troops in 1999, resulted from a joint innovation
effort by the U.S. military and Johnson Outdoors targeted at providing superior
all-weather tent protection. Johnson Outdoors is one of only two U.S.
manufacturers qualified to produce the MGPTS. The Company’s Outdoor Equipment
business, headquartered in Binghamton, New York, is preparing to begin
production against the order as soon as possible.
“We are
grateful for the support from Congress, particularly that of Senator Clinton and
Senator Kohl, which will help assure our troops of having the tents they
require, and our talented and dedicated employees of the jobs they need,” said
Helen Johnson-Leipold, Chairman and Chief Executive Officer, Johnson Outdoors
Inc.
In March
2005, Johnson Outdoors announced to Binghamton employees a pending elimination
of permanent positions due to the significant decline of new military tent
orders and contracts over the past year. The new emergency tent order ensures
production of MGPTS at the Binghamton operation through the calendar year.
“Obviously,
we are very pleased to have received this order; which will slow the anticipated
decline of military tent sales this year. Our primary focus continues to be on
achieving greater balance in the performance of all segments of the Outdoor
Equipment portfolio,” said Ms. Johnson-Leipold.
- more
- -
According
to Jerry Perkins, President and Chief Operating Officer, Johnson Outdoors, “We
now expect fiscal 2005 military tent sales to decline approximately 25% versus
2004. In fiscal 2006, absent further orders or awarding of new contracts,
military sales could decline further to between $10-$15 million. As we have
stated previously, even if we are successful in winning all the military tent
orders and contracts on which we have bid, they are neither of the size nor
duration to bring us back to the record levels of military sales realized in
either of the last two fiscal years.”
ABOUT
JOHNSON
OUTDOORS
INC.
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, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors'
familiar brands include, among others: Old Town® canoes
and kayaks; Ocean Kayak™, Necky™ kayaks;
Minn Kota® motors;
Humminbird®
fishfinders; Scubapro® and
UWATEC® dive
equipment; and, Eureka!
® tents.
The company has 24 locations around the world, employs 1,500 people and reported
annual sales of $355 million in 2004.
Visit
Johnson Outdoors online at 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. 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 consumer spending patterns; the Company’s success in implementing its
strategic plan, including its focus on innovation; actions of companies that
compete with the Company; the Company’s success in managing inventory; movements
in foreign currencies or interest rates or commodity costs; the Company’s
success in restructuring of its European Diving operations; unanticipated issues
related to the Company’s military tent business; the success of suppliers and
customers; the ability of the Company to deploy its capital successfully;
adverse weather conditions; unanticipated events related to the terminated
Buy-Out transaction; 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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