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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):
December 16, 2004
COLUMBIA SPORTSWEAR COMPANY
(Exact name of registrant as specified in its charter)
OREGON 0-23939 93-0498284
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
14375 Northwest Science Park Drive
Portland, Oregon 97229
(Address of principal executive offices)
(503) 985-4000
(Registrant's telephone number, including
area code)
(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))
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Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On December 16, 2004, Columbia Sportswear Company (the "Company")
entered into a credit agreement with Wells Fargo Bank, National Association that
amends and restates in its entirety the Company's prior credit agreement with
Wells Fargo dated July 31, 1997, as amended.
Under the credit agreement, the Company may borrow from Wells Fargo
amounts not exceeding $50,000,000 during the period of August 15 through
November 14 each calendar year during the term of the agreement and not
exceeding $5,000,000 at all other times. The Company pays Wells Fargo an annual
fee of 0.075% of the average daily available credit under the credit agreement.
Company loans under the credit agreement are unsecured and bear interest, at the
Company's option, at a fluctuating rate based on the Base Rate plus a specified
Base Rate Margin (as these terms are defined in the credit agreement) or at a
fixed rate equal to the LIBOR plus the LIBOR Margin (as these terms are defined
in the credit agreement) in effect on the first day of the loan term. The credit
agreement, filed as an exhibit to this Form 8-K, is hereby incorporated into
this Form 8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
10.1 Credit Agreement dated December 16, 2004 between the Company and
Wells Fargo Bank, National Association
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 hereunto duly authorized.
COLUMBIA SPORTSWEAR COMPANY
Date: December 20, 2004 By: /s/ PETER J. BRAGDON
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Name: Peter J. Bragdon
Title: Vice President and General Counsel
EXHIBIT INDEX
Exhibit
Number Description
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10.1 Credit Agreement dated December 16, 2004 between the Company and
Wells Fargo Bank, National Association