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): APRIL 13, 2004
NAVARRE CORPORATION
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(Exact name of Registrant as specified in its charter)
MINNESOTA 0-22982 41-1704319
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
7400 49TH AVENUE NORTH, NEW HOPE, MN 55428
(Address of principal executive offices)
Registrant's telephone number, including area code: (763) 535-8333
ITEM 5. OTHER EVENTS.
Navarre Corporation announced on April 13, 2004 that its subsidiary Encore
Software, Inc. has entered into an exclusive co-publishing agreement with
Riverdeep, Inc. for the sales and marketing of Riverdeep products in the United
States retail marketplace. Riverdeep is a leading developer of interactive
products in the education and productivity markets and is best known for its
strong consumer productivity and education titles published under the Broderbund
and The Learning Company labels. Riverdeep's best-selling brands include The
Print Shop, Print Master, 3D Home Architect, Reader Rabbit(R), Mavis Beacon and
Kid Pix.
Under the terms of this five-year agreement, Encore will be responsible for the
sales, marketing and distribution of a majority of Riverdeep's interactive
content, including computer software, interactive DVD products and other
interactive electronic educational products into a majority of retail channels
in the U.S. Encore will assume Riverdeep's total United States retail channel
management commencing in early 2005. Riverdeep will continue to focus on content
development, as well as sales directly to schools, direct to consumer, OEM and
premium markets.
A copy of a press release regarding the announcement is incorporated herein and
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
10.1 Form of License and Distribution Agreement (Manufacturing
Rights)(2004-2005) between Riverdeep Inc. and Encore Software, Inc.
dated as of March 29, 2004.*
10.2 Form of License and Distribution Agreement (Manufacturing
Rights)(2005-2007) between Riverdeep Inc. and Encore Software, Inc.
dated as of March 29, 2004.*
10.3 Form of Addendum #1 to Licensing and Distribution Agreements (2004-2005
and 2005-2007) between Riverdeep, Inc. and Encore Software, Inc. dated
as of April 13, 2004.*
99.1 Press Release dated April 13, 2004
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* Portions of such exhibit are treated as confidential pursuant to a request for
confidential treatment filed with the Commission by the Registrant.
SIGNATURE
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, thereunto duly authorized.
NAVARRE CORPORATION
By: /s/ Eric H. Paulson
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Eric H. Paulson
Chairman of the Board, President and
Chief Executive Officer
Dated: April 15, 2004
EXHIBIT INDEX
Exhibit No. 10.1 Form of License and Distribution Agreement (Manufacturing
Rights)(2004-2005) between Riverdeep Inc. and Encore Software, Inc. dated as of
March 29, 2004.*
Exhibit No. 10.2 Form of License and Distribution Agreement (Manufacturing
Rights)(2005-2007) between Riverdeep Inc. and Encore Software, Inc. dated as of
March 29, 2004.*
Exhibit No. 10.3 Form of Addendum #1 to Licensing and Distribution Agreements
(2004-2005 and 2005-2007) between Riverdeep, Inc. and Encore Software, Inc.
dated as of April 13, 2004.*
Exhibit No. 99.1 Press Release dated April 13, 2004.
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* Portions of such exhibit are treated as confidential pursuant to a request for
confidential treatment filed with the Commission by the Registrant.