FENTON, Mo., Feb. 14 /PRNewswire-FirstCall/ --
Rawlings Sporting Goods Company, Inc. (Nasdaq: RAWL) today announced it has
scheduled a special meeting of its stockholders to vote on the previously
announced merger agreement with K2 Inc. (NYSE: KTO). The special meeting will
be held on Wednesday, March 26, 2003 at 9:30 CST in Fenton, Missouri.
Stockholders of record at the close of business on February 24, 2003, the
record date for the special meeting will be entitled to vote at the meeting.
Completion of the merger is subject to certain closing conditions, including
approval of the issuance of shares of common stock in connection with the
merger by stockholders of K2 at a special meeting being conducted in Los
Angeles, California on the same day, March 26, at 11:00 a.m. PST and the
receipt of the consent of certain major customers of Rawlings.
Rawlings and K2 filed a preliminary joint proxy statement soliciting the
votes of their shareholders with respect to the transaction with the
Securities and Exchange Commission on January 17, 2003. The joint proxy
statement was part of a K2 registration statement that also included a K2
prospectus and other relevant documents concerning the proposed merger. A
definitive joint proxy statement will be sent to stockholders of Rawlings and
K2 seeking their approval of the proposed transaction.
STOCKHOLDERS OF RAWLINGS AND K2 ARE URGED TO READ THE REGISTRATION
STATEMENT, INCLUDING THE PROSPECTUS AND THE DEFINITIVE JOINT PROXY STATEMENT
WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
Copies of these documents may be obtained free of cost on the SEC's website,
http://www.sec.gov, or upon oral or written request to: William F. Lacey,
Vice President and Chief Financial Officer at Rawlings, telephone number
(636) 349-3500 or at firstname.lastname@example.org .
Rawlings and its directors and executive officers may be deemed to be
participants in the solicitation of proxies of Rawlings stockholders in
connection with the proposed merger. A detailed list of the names,
affiliations and interests of the participants in the solicitation is set
forth in the preliminary joint proxy statement that as filed with the SEC on
January 17, 2003 and will be set forth in the definitive joint proxy statement
when it becomes available.
This press release is not a proxy statement. The company has not yet
filed a definitive proxy statement in connection with the solicitation of
proxies relating to the proposed transaction. Stockholders of Rawlings and K2
will receive such a statement and a proxy card in connection with the
Rawlings is a leading marketer and manufacturer of baseball equipment in
the United States. Rawlings is the official baseball of Major League Baseball
and the NCAA Baseball Championships. Over half of all Major League players
use a Rawlings glove, including such stars as Derek Jeter, Alex Rodriquez, Ken
Griffey, Jr., and Pedro Martinez. Over one third of all Major League players
use a Rawlings bat. Rawlings is also a leading marketer of basketballs,
footballs, and team apparel, including the new patented Rawlings Ten
basketball, a new ten seam basketball to provide greater ball control, and the
new patented Rawlings VR5 football, a 5 panel football for better handling.
K2 is a leading designer, manufacturer and marketer of brand-name sporting
goods, recreational and industrial products. The company's sporting goods and
recreational products include well-known names such as K2 and Olin alpine
skis; K2, Ride and Morrow snowboards, boots and bindings; K2 inline skates;
Stearns sports equipment; Shakespeare fishing tackle; K2 bikes; and Dana
Design backpacks. K2's other recreational products include Planet Earth
apparel, Adio skateboard shoes and Hilton corporate casuals. K2's industrial
products include Shakespeare extruded monofilaments, marine antennas and
composite light poles.
SOURCE Rawlings Sporting Goods Company, Inc.