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 21, 2005
Reebok International Ltd.
(Exact name of registrant as specified in its charter)
MA |
| 1-9340 |
| 04-2678061 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of incorporation) |
| File Number) |
| Identification No.) |
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1895 J.W. Foster Boulevard |
| 02021 | ||
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code (781) 401-5000
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
Attached and incorporated herein by reference as Exhibit 99.01 is a copy of a press release of Reebok International Ltd. (the “Company”) dated July 21, 2005, reporting the Company’s preliminary financial results for the quarter ended June 30, 2005. The information contained in this report is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing of the Company with the SEC, whether made before or after the date hereof and regardless of any general incorporation language in such filings.
In the press release furnished with this report, the Company provides certain constant dollar comparisons, which eliminate the effect of foreign currency fluctuations on such comparisons. Constant dollars are calculated by translating the prior period financial information at the current period foreign exchange rates, thereby eliminating the effect of foreign currency fluctuations. Because of the significance of the Company’s international operations and because of the significant fluctuation that has occurred in foreign currency values as compared to the U.S. Dollar, the Company believes that disclosing constant dollar comparisons in certain instances assists in the readers’ understanding of the Company’s consolidated financial statements. However, such comparisons may not reflect future changes in currency. In addition, the Company provides certain non-GAAP financial measures, including (i) earnings per diluted share for the three months ended June 30, 2004 excluding the effect of a one-time after-tax charge resulting from the early redemption of the Company’s $250 million debentures in the second quarter of 2004, (ii) earnings per diluted share for the twelve months ended December 31, 2004 excluding the effect of a one-time after-tax charge resulting from the early redemption of such debentures as well as certain one-time tax benefits from new legislation; and (iii) estimated earnings per diluted share for the twelve months ending December 31, 2005 excluding the effect of the Company’s sale of Ralph Lauren Footwear Co., Inc. as well as certain one-time costs related to the integration of The Hockey Company. In each case, the Company provides these non-GAAP financial measures because it believes they assist the reader’s understanding of the quarter over quarter and year over year comparisons, as applicable, by eliminating the effects of certain one-time events. These measures should be considered in addition to, not as a substitute for, measures of financial performance prepared in accordance with GAAP.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.01 Press release dated July 21, 2005 announcing Registrant’s preliminary results for the quarter ended June 30, 2005.
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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.
Date: July 26, 2005
| REEBOK INTERNATIONAL LTD. | ||
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| By: | /s/ Kenneth Watchmaker |
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Kenneth I. Watchmaker | |||
Executive Vice President and | |||
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| Chief Financial Officer |
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EXHIBIT LIST
99.01 Press release dated July 21, 2005 announcing Reebok International Ltd.’s preliminary results for the quarter ended June 30, 2005.
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