SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13E-3
Rule 13e-3 Transaction
Statement
Under Section 13(e) of the Securities Exchange Act of 1934
(Amendment No. 2)
Johnson Outdoors Inc.
(Name of Issuer)
Johnson Outdoors Inc. |
Helen P. Johnson-Leipold |
Imogene P. Johnson |
Dr. H. Fisk Johnson |
S. Curtis Johnson |
Winifred J. Marquart |
JWA Consolidated, Inc. |
Johnson Bank |
Samuel C. Johnson 1988 Trust Number One u/a September 14, 1988 |
JO Acquisition Corp. |
(Name of Persons Filing Statement) |
Class A common stock, par value $0.05 per share |
Class B common stock, par value $0.05 per share |
(Title of Class of Securities) |
479167 10 8 |
(CUSIP Number of Class of Securities) |
Johnson Outdoors Inc. |
J Venture Management, Inc. |
Johnson Bank |
555 Main Street |
555 Main Street |
555 Main Street |
Racine, WI 53403 |
Racine, WI 53403 |
Racine, WI 53403 |
Attn: Alisa Swire |
Attn: Linda L. Mallon |
Attn: Brian Lucareli |
Tel. No.: (262) 631-6600 |
Tel. No.: (262) 260-4041 |
Tel. No.: (262) 619-2912 |
(Name, Address, and Telephone Numbers
of Person Authorized to Receive Notices and Communications on Behalf of Persons Filing Statement) |
copies to:
|
|
Skadden, Arps, Slate, |
|
McDermott Will & Emery LLP |
Meagher & Flom LLP |
Foley & Lardner LLP |
28 State Street |
333 West Wacker Drive |
777 East Wisconsin Ave. |
Boston, MA 02109 |
Chicago, IL 60606 |
Milwaukee, WI 53202 |
Attn: Dennis J. White |
Attn: Charles W. Mulaney, Jr. |
Attn: Jay O. Rothman |
Erin Powers Brennan |
Susan S. Hassan |
Tel. No.: (414) 271-2400 |
Tel. No.: (617) 535-4000 |
Tel. No.: (312) 407-0700 |
This statement is filed in connection
with (check the appropriate box):
a. |
|X| |
The filing of solicitation materials or an information statement subject to
Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange
Act of 1934. |
b. |
|_| |
The filing of a registration statement under the Securities Act of 1933. |
d. |
|_| |
None of the above. |
Check the following box if the
soliciting materials or information statement referred to in checking box (a) are
preliminary copies: |X|
Check the following box if the filing is a final amendment
reporting the results of the transaction: |_|
Calculation of Filing
Fee
|
Transaction Valuation(1) |
Amount of Filing Fee(2) |
|
$87,730,866 |
$11,116 |
|
(1) |
For
purposes of calculating the filing fee only, the proposed maximum aggregate
transaction valuation is $87,730,866, which is the sum of (a) the product
of (i) the 4,210,134 shares of Common Stock that are proposed to be
converted into the right to receive the merger consideration, multiplied
by (ii) the merger consideration of $20.10 per share of common stock, plus
(b) the product of (i) 274,971, the number of shares of common stock
underlying options to purchase such shares at a per-share exercise price
of less than $20.10, multiplied by (ii) the amount by which the per-share
merger consideration of $20.10 exceeds the $8.80 per share weighted
average exercise price of such options. |
(2) |
The
filing fee, calculated in accordance with Regulation 0-11 under the
Securities Exchange Act of 1934, as amended, equals 0.00012670 multiplied
by the total Transaction Valuation. |
|X| |
Check
the box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and
identify the filing with which the offsetting fee was previously paid. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of
its filing. |
Amount Previously Paid: $11,116 |
Filing Party: Johnson Outdoors Inc. |
Form or Registration No.: Schedule 14A - |
Date Filed: November 24, 2004 |
Preliminary Proxy Statement |
INTRODUCTION
This
Amendment No. 2 to Rule 13e-3 transaction statement on Schedule 13E-3 is being filed with
the Securities and Exchange Commission (the Commission) jointly by the
following persons (collectively, the filing persons): Johnson Outdoors Inc.
(Johnson Outdoors), Helen P. Johnson-Leipold, Imogene P. Johnson, Dr. H. Fisk
Johnson, S. Curtis Johnson, Winifred J. Marquart, JWA Consolidated, Inc., Samuel C.
Johnson 1988 Trust Number One u/a September 14, 1988, Johnson Bank and JO Acquisition
Corp.
On
October 28, 2004, Johnson Outdoors and JO Acquisition Corp. entered into an Agreement and
Plan of Merger (the Merger Agreement), pursuant to which JO Acquisition Corp.,
an entity organized by Ms. Johnson-Leipold solely for the purpose of acquiring all of the
outstanding shares of Johnson Outdoors common stock not already owned or controlled
by members of the family of the late Samuel C. Johnson, will be merged with Johnson
Outdoors and Johnson Outdoors will be the surviving corporation (the Merger).
As a result of the Merger, Johnson Outdoors will be wholly owned by members of the Johnson
family and entities controlled by them. Under the terms of the Merger Agreement, each
existing share of Johnson Outdoors Class A common stock, par value $0.05 per share, and
Class B common stock, par value $0.05 per share, other than shares held by the filing
persons and treasury shares and dissenting shares, will be converted into the right to
receive $20.10 in cash, without interest (the merger consideration). The
Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger
Agreement, including approval of the Merger Agreement by shareholders of Johnson Outdoors.
Concurrently
with the filing of this Schedule 13E-3, Johnson Outdoors is filing with the Commission
Amendment No. 2 to the preliminary proxy statement on Schedule 14A filed with the
Commission on November 24, 2004 pursuant to Section 14(a) of the Exchange Act of 1934 (the
Proxy Statement) relating to a special meeting of shareholders of Johnson
Outdoors. At the meeting, shareholders of Johnson Outdoors will consider and vote upon,
among other things, a proposal to approve the Merger Agreement. A copy of the Proxy
Statement is attached hereto as Exhibit (a)(1). A copy of the Merger Agreement is attached
as Annex A to the Proxy Statement.
Pursuant
to General Instruction G of Schedule 13E-3, this Schedule 13E-3 incorporates by reference
the information contained in the Proxy Statement in answer to the items of Schedule 13E-3.
The information set forth in the Proxy Statement, including all annexes thereto, is hereby
expressly incorporated herein by reference, and the responses to each item in this
Schedule 13E-3 are qualified in their entirety by the information contained in the Proxy
Statement, including all annexes thereto.
The
information contained in this Schedule 13E-3 and the Proxy Statement concerning Johnson
Outdoors was supplied by Johnson Outdoors. Similarly, the information contained in this
Schedule 13E-3 and the Proxy Statement concerning each filing person other than Johnson
Outdoors was supplied by each such filing person.
Item 1. Summary
Term Sheet.
Item 1001 of Regulation
M-A:
The
information set forth in the Proxy Statement under the following captions is incorporated
herein by reference: SUMMARY TERM SHEET and QUESTIONS AND ANSWERS ABOUT
THE MERGER.
Item 2. Subject
Company Information.
Item 1002 of Regulation
M-A:
(a) |
Name
and Address. The information set forth in the Proxy Statement under
the caption PARTIES INVOLVED IN THE PROPOSED TRANSACTION is
incorporated herein by reference. |
(b) |
Securities.
The information set forth in the Proxy Statement under the caption
THE SPECIAL MEETING Record Date; Voting Rights is
incorporated herein by reference. The exact title of each class of
the subject equity securities is Class A common stock, par
value $0.05 per share (Class A common stock) and
Class B common stock, par value $0.05 per share (Class
B common stock and together with the Class A common stock,
common stock). |
(c) |
Trading
Market and Price. The information set forth in the Proxy
Statement under the caption MARKET PRICE AND DIVIDEND
INFORMATION is incorporated herein by reference. |
(d) |
Dividends.
The information set forth in the Proxy Statement under the caption
MARKET PRICE AND DIVIDEND INFORMATION is incorporated herein
by reference. |
(e) |
Prior
Public Offerings. None. |
(f) |
Prior
Stock Purchases. The information set forth in the Proxy Statement
under the caption RECENT TRANSACTIONS AND PRIOR STOCK PURCHASES is
incorporated herein by reference. |
Item 3. Identity
and Background of Filing Persons.
Item 1003 of Regulation
M-A:
(a)-(c) |
Name
and address; Business Background of Filing Persons: The information
set forth in the Proxy Statement under the captions PARTIES INVOLVED
IN THE PROPOSED TRANSACTION and Annex F Directors and
Executive Officers of Johnson Bank is incorporated herein by
reference. Johnson Outdoors is the subject company. |
Item 4. Terms of
the Transaction.
Item 1004 of Regulation
M-A:
(a) |
(1) |
Material Terms. Tender Offers. Not Applicable. |
|
(2) |
Material
Terms. Mergers or Similar Transactions. The information set forth in
the Proxy Statement under the following captions is incorporated herein by
reference: SUMMARY TERM SHEET, QUESTIONS AND ANSWERS ABOUT
THE MERGER, THE SPECIAL MEETING, SPECIAL FACTORS, THE
MERGER AGREEMENT, CONTRIBUTION AND VOTING AGREEMENTS, Annex
A Agreement and Plan of Merger, Annex B Contribution
Agreement, and Annex C Voting Agreement. |
(c) |
Different
Terms. The information set forth in the Proxy Statement under the
following captions is incorporated herein by reference: SUMMARY TERM
SHEET, QUESTIONS AND ANSWERS ABOUT THE MERGER, SPECIAL
FACTORS Purpose and Reasons for the Merger, SPECIAL
FACTORS Certain Effects of the Merger, SPECIAL FACTORS
Interests of Certain Persons in the Merger, THE MERGER
AGREEMENT Treatment of Stock Options, THE MERGER
AGREEMENT Treatment of Other Equity Based Compensation Arrangements, and
CONTRIBUTION AND VOTING AGREEMENTS. |
(d) |
Appraisal
Rights. The information set forth in the Proxy Statement under the
following captions is incorporated herein by reference: SUMMARY TERM
SHEET, QUESTIONS AND ANSWERS ABOUT THE MERGER and
SPECIAL FACTORS Dissenters Rights. |
(e) |
Provisions
For Unaffiliated Security Holders. There have been no provisions in
connection with this transaction to grant unaffiliated security holders
access to the corporate files of any of the filing persons or to obtain
counsel or appraisal services at the expense of the filing persons. |
(f) |
Eligibility
for Listing or Trading. Not applicable. |
Item 5. Past
Contacts, Transactions, Negotiations and Agreements.
Item 1005 of Regulation
M-A:
(a) |
Transactions.
Except as set forth in the information in the Proxy Statement under the
following captions, which are incorporated herein by reference, none of
the filing persons, nor any executive officers or directors of a filing
person who is a corporation was party to a transaction identified by Item
1005(a): SPECIAL FACTORS Interests of Certain Persons in the
Merger, and CONTRIBUTION AND VOTING AGREEMENTS. Johnson
Outdoors purchases certain services primarily from S.C. Johnson & Son,
Inc. (S.C. Johnson) and, to a lesser extent, from other
organizations controlled by the Johnson family (including Ms.
Johnson-Leipold). For example, Johnson Outdoors leases its
Headquarters facility from S.C. Johnson and S.C. Johnson provides Johnson
Outdoors with (1) administrative services pertaining to things like
automobile leasing, office equipment leasing and travel services; (2)
information processing and telecommunication services; (3) use of S.C. Johnsons
aircraft and crews, pursuant to a time sharing agreement; and (4) from
time to time, certain loaned employees. Johnson Outdoors believes
that the amounts paid to these organizations are no greater than the fair
market value of the services. The total amount incurred by the
Company for the foregoing services during the fiscal year ended October 1,
2004 was approximately $1,571,088. Effective January 28, 2005 S.C. Johnson
has agreed to permit one of its Directors of Corporate Development to
provide consulting and advisory services to J. Venture Management, Inc.,
the Johnsons management company, and JO Acquisition Corp. in
connection with the Merger. |
(b) |
Significant
Corporate Events. Except as set forth in the information in the Proxy
Statement under the following captions, which are incorporated herein by
reference, none of the filing persons, nor any executive officers or
directors of a filing person who is a corporation was party to an event
identified in Item 1005(b): SPECIAL FACTORS Background of the
Merger, SPECIAL FACTORS Interests of Certain Persons in
the Merger and THE MERGER AGREEMENT. |
(c) |
Negotiations
or Contacts. Except as set forth in the information in the Proxy
Statement under the caption SPECIAL FACTORS Background of the
Merger, which is incorporated herein by reference, none of the
filing persons, nor any executive officers or directors of a filing person
who is a corporation was party to negotiations or contracts identified in
Item 1005(c). |
(e) |
Agreements
Involving the Subject Companys Securities. Except as set forth
in the information in the Proxy Statement under the following captions,
which are incorporated herein by reference, none of the filing persons,
nor any executive officers or directors of a filing person who is a
corporation is a party to agreements identified in Item 1005(e): SUMMARY
TERM SHEET, QUESTIONS AND ANSWERS ABOUT THE MERGER, THE
SPECIAL MEETING Record Date; Voting Rights, SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger, SPECIAL
FACTORS Purpose and Reasons for the Merger, SPECIAL
FACTORS Certain Effects of the Merger, SPECIAL FACTORS
Merger Financing, THE MERGER AGREEMENT, CONTRIBUTION
AND VOTING AGREEMENTS, and SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS. The information set forth above in Item 2(f)
of this Schedule 13E-3 is incorporated herein by reference. |
Item 6. Purposes of
the Transaction and Plans or Proposals.
Item 1006 of Regulation
M-A:
(b) |
Use
of Securities Acquired. The information set forth in the Proxy
Statement under the following captions is incorporated herein by
reference: SUMMARY TERM SHEET, QUESTIONS AND ANSWERS
ABOUT THE MERGER, THE SPECIAL MEETING, SPECIAL
FACTORS Purpose and Reasons for the Merger, SPECIAL
FACTORS Certain Effects of the Merger and THE MERGER
AGREEMENT. |
(c)(1)-(8) |
Plans.
The information set forth in the Proxy Statement under the following
captions is incorporated herein by reference: SUMMARY TERM SHEET, QUESTIONS
AND ANSWERS ABOUT THE MERGER, SPECIAL FACTORS Background
of the Merger, SPECIAL FACTORS Interests of Certain
Persons in the Merger, SPECIAL FACTORS Certain Effects
of the Merger and THE MERGER AGREEMENT. |
Item 7. Purposes,
Alternatives, Reasons and Effects.
Item 1013 of Regulation
M-A:
(a) |
Purposes.
The information set forth in the Proxy Statement under the following
captions is incorporated herein by reference: SUMMARY TERM SHEET, QUESTIONS
AND ANSWERS ABOUT THE MERGER, SPECIAL FACTORS Background
of the Merger and SPECIAL FACTORS Purpose and Reasons
for the Merger. |
(b) |
Alternatives.
The information set forth in the Proxy Statement under the following
captions is incorporated herein by reference: SPECIAL FACTORS Background
of the Merger, and SPECIAL FACTORS Alternatives to the
Merger. |
(c) |
Reasons.
The information set forth in the Proxy Statement under the following
captions is incorporated herein by reference: SUMMARY TERM SHEET, QUESTIONS
AND ANSWERS ABOUT THE MERGER, SPECIAL FACTORS Background
of the Merger, SPECIAL FACTORS Purpose and Reasons for
the Merger, SPECIAL FACTORS Recommendations of the
Special Committee and Board of Directors; Reasons for Recommending
Approval of the Merger, SPECIAL FACTORS Opinion of the
Financial Advisor to the Special Committee, and Annex D Opinion
of William Blair & Company, L.L.C. |
(d) |
Effects.
The information set forth in the Proxy Statement under the following
captions is incorporated herein by reference: SUMMARY TERM SHEET, QUESTIONS
AND ANSWERS ABOUT THE MERGER, SPECIAL FACTORS Recommendations
of the Special Committee and Board of Directors; Reasons for Recommending
Approval of the Merger Agreement, SPECIAL FACTORS Opinion
of the Financial Advisor to the Special Committee, SPECIAL
FACTORS Certain Effects of the Merger, SPECIAL FACTORS
Interests of Certain Persons in the Merger, SPECIAL
FACTORS Federal Income Tax Consequences and THE MERGER
AGREEMENT. |
Item 8. Fairness
of the Transaction.
Item 1014 of Regulation
M-A:
(a) |
Fairness.
The information set forth in the Proxy Statement under the following
captions is incorporated herein by reference: SUMMARY TERM SHEET, QUESTIONS
AND ANSWERS ABOUT THE MERGER, SPECIAL FACTORS Purposes
and Reasons for the Merger, SPECIAL FACTORS Background
of the Merger, SPECIAL FACTORS Recommendations of the
Special Committee and Board of Directors; Reasons for Recommending
Approval of the Merger Agreement, SPECIAL FACTORS Position
of the Participating Shareholders and JO Acquisition Corp. as to the
Fairness of the Merger to Johnson Outdoors Unaffiliated Shareholders, SPECIAL
FACTORS- Johnson Outdoors Position as to the Fairness of the Merger
to Johnson Outdoors Unaffiliated Shareholders, SPECIAL
FACTORS Opinion of the Financial Advisor to the Special Committee and
Annex D Opinion of William Blair & Company, L.L.C. |
(b) |
Factors
Considered in Determining Fairness. The information set forth in the
Proxy Statement under the following captions is incorporated herein by
reference: SPECIAL FACTORS Purposes and Reasons for the
Merger, SPECIAL FACTORS Background of the Merger, SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger Agreement, SPECIAL
FACTORS Position of the Participating Shareholders and JO
Acquisition Corp. as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, SPECIAL FACTORS- Johnson Outdoors Position as to
the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, SPECIAL FACTORS Opinion of the Financial
Advisor to the Special Committee, Annex D Opinion of
William Blair & Company, L.L.C. and SPECIAL FACTORS Certain
Effects of the Merger. |
(c) |
Approval
of Security Holders. The information set forth in the Proxy Statement
under the following captions is incorporated herein by reference: SUMMARY
TERM SHEET, QUESTIONS AND ANSWERS ABOUT THE MERGER, THE
SPECIAL MEETING Record Date; Voting Rights, THE SPECIAL
MEETING Quorum, THE SPECIAL MEETING Required Vote, SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger Agreement, SPECIAL
FACTORS Position of the Participating Shareholders and JO
Acquisition Corp. as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, and THE MERGER AGREEMENT Conditions to
Completion of the Merger. |
(d) |
Unaffiliated
Representative. The information set forth in the Proxy Statement under
the following captions is incorporated herein by reference: SUMMARY
TERM SHEET, SPECIAL FACTORS Background of the Merger, SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger Agreement, SPECIAL
FACTORS Position of the Participating Shareholders and JO
Acquisition Corp. as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, SPECIAL FACTORS- Johnson Outdoors Position
as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, SPECIAL FACTORS Opinion of the Financial
Advisor to the Special Committee and Annex D Opinion of
William Blair & Company, L.L.C. |
(e) |
Approval
of Directors. The information set forth in the Proxy Statement under
the following captions is incorporated herein by reference: SUMMARY
TERM SHEET, SPECIAL FACTORS Background of the Merger SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger Agreement, SPECIAL
FACTORS Position of the Participating Shareholders and JO
Acquisition Corp. as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders and SPECIAL FACTORS- Johnson Outdoors Position
as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders. |
(f) |
Other
Offers. The information set forth in the Proxy Statement under the
following captions is incorporated herein by reference: SUMMARY TERM
SHEET, SPECIAL FACTORS Background of the Merger, SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger Agreement, and
SPECIAL FACTORS-Johnson Outdoors Position as to the Fairness of
the Merger to Johnson Outdoors Unaffiliated Shareholders. |
Item 9. Reports,
Opinions, Appraisals and Negotiations.
Item 1015 of Regulation
M-A:
(a) |
Report,
Opinion or Appraisal. The information set forth in the Proxy Statement
under the following captions is incorporated herein by reference: SUMMARY
TERM SHEET, SPECIAL FACTORS Background of the Merger, SPECIAL
FACTORS Recommendations of the Special Committee and Board of
Directors; Reasons for Recommending Approval of the Merger Agreement, SPECIAL
FACTORS Position of the Participating Shareholders and JO
Acquisition Corp. as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, SPECIAL FACTORS- Johnson Outdoors Position
as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders, SPECIAL FACTORS Opinion of the Financial
Advisor to the Special Committee, Annex D Opinion of
William Blair & Company, L.L.C. and SPECIAL FACTORS- VALUE
Incorporated Memorandum. |
(b) |
Preparer
and Summary of the Report, Opinion or Appraisal. The information set
forth in the Proxy Statement under the following captions is incorporated
herein by reference: SUMMARY TERM SHEET, SPECIAL FACTORS
Background of the Merger, SPECIAL FACTORS Recommendations
of the Special Committee and Board of Directors; Reasons for Recommending
Approval of the Merger Agreement, SPECIAL FACTORS- Johnson
Outdoors Position as to the Fairness of the Merger to Johnson
Outdoors Unaffiliated Shareholders, SPECIAL FACTORS
Opinion of the Financial Advisor to the Special Committee,
Annex D Opinion of William Blair & Company, L.L.C. and
SPECIAL FACTORS-VALUE Incorporated Memorandum |
(c) |
Availability
of Documents. The reports, opinions or appraisal referenced in this
Item 9 will be made available for inspection and copying at the principal
executive officers of Johnson Outdoors during its regular business
hours by any interested holder of Common Stock or any representative who
has been designated in writing. |
Item 10. Source
and Amounts of Funds or Other Consideration.
Item 1007 of Regulation
M-A:
(a)-(d) |
Source
and Amounts of Funds or other Consideration; Conditions; Expenses;
Borrowed Funds. The information set forth in the Proxy Statement under
the following captions is incorporated herein by reference: SUMMARY
TERM SHEET, QUESTIONS AND ANSWERS ABOUT THE MERGER, THE
SPECIAL MEETING Required Vote, SPECIAL FACTORS Purpose
and Reasons for the Merger, SPECIAL FACTORS Background
of the Merger, SPECIAL FACTORS Certain Risks in the
Event of Bankruptcy, SPECIAL FACTORS Merger Financing, SPECIAL
FACTORS Estimated Fees and Expenses of the Merger and THE
MERGER AGREEMENT Expenses. |
Item 11. Interest
in Securities of the Subject Company.
Item 1008 of Regulation
M-A:
(a) |
Securities
Ownership. The information set forth in the Proxy Statement under the
following captions is incorporated herein by reference: SPECIAL
FACTORS Interests of Certain Persons in the Merger, CONTRIBUTION
AND VOTING AGREEMENTS and SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS. |
(b) |
Securities
Transactions. The information set forth in the Proxy Statement under
the following captions is incorporated herein by reference: CONTRIBUTION
AND VOTING AGREEMENTS and RECENT TRANSACTIONS AND PRIOR STOCK
PURCHASES |
Item 12. Solicitation
or Recommendation.
Item 1012(d) and (e) of Regulation
M-A:
(d) |
Intent
to Tender or Vote in a Going-Private Transaction. The information set
forth in the Proxy Statement under the following captions is incorporated
herein by reference: QUESTIONS AND ANSWERS ABOUT THE MERGER, THE
SPECIAL MEETING Record Date; Voting Rights, THE SPECIAL
MEETING Required Vote, SPECIAL FACTORS Johnson
Outdoors Position as to the Fairness of the Merger to Johnson Outdoors Unaffiliated
Shareholders; Recommendation by the Johnson Outdoors Special
Committee and Board of Directors, SPECIAL FACTORS Position
of the Participating Shareholders and JO Acquisition Corp as to the
Fairness of the Merger to Johnson Outdoors Unaffiliated Shareholders, SPECIAL
FACTORS Interests of Certain Persons in the Merger and
CONTRIBUTION AND VOTING AGREEMENTS. |
(e) |
Recommendation
of Others. The information set forth in the Proxy Statement under the
following captions is incorporated herein by reference: QUESTIONS
AND ANSWERS ABOUT THE MERGER, SPECIAL FACTORS Recommendations
of the Special Committee and Board of Directors; Reasons for Recommending
Approval of the Merger Agreement, SPECIAL FACTORS Position
of the Participating Shareholders and JO Acquisition Corp. as to the
Fairness of the Merger to Johnson Outdoors Unaffiliated Shareholders and
SPECIAL FACTORS- Johnson Outdoors Position as to the Fairness
of the Merger to Johnson Outdoors Unaffiliated Shareholders. |
Item 13. Financial
Statements.
Item 1010(a) and (b) of Regulation
M-A:
(a) |
Financial
Information. The information set forth in the Proxy Statement under
the following captions is incorporated herein by reference: SELECTED
HISTORICAL FINANCIAL INFORMATION and WHERE YOU CAN FIND MORE
INFORMATION. The information contained in the Consolidated Financial
Statements included in Johnson Outdoors annual report on Form 10-K
for the fiscal year ended October 3, 2003 and in its quarterly report on
Form 10-Q for its quarter ended July 2, 2004 is incorporated herein by
reference. |
(b) |
Pro
Forma Information. Not applicable. |
Item 14. Persons/Assets,
Retained, Employed, Compensated or Used.
Item 1009 of Regulation
M-A:
(a)-(b) |
Solicitations
or Recommendations; Employees and Corporate Assets. The information
set forth in the Proxy Statement under the following captions is
incorporated herein by reference: THE SPECIAL MEETING Solicitation
of Proxies, SPECIAL FACTORS Background of the Merger, SPECIAL
FACTORS Johnson Outdoors Position as to the Fairness of
the Merger to Johnson Outdoors Unaffiliated Shareholders;
Recommendation by the Johnson Outdoors Special Committee and Board
of Directors, SPECIAL FACTORS Opinion of the Financial
Advisor to the Special Committee, SPECIAL FACTORS Interests
of Certain Persons in the Merger, SPECIAL FACTORS Estimated
Fees and Expenses of the Merger, and Annex D Opinion of
William Blair & Company, L.L.C. |
Item 15. Additional
Information.
Item 1011(b) of
Regulation M-A:
(b) |
Other
Material Information. The entirety of the Proxy Statement, including
all Annexes thereto, is incorporated herein by reference. |
Item 16. Exhibits.
Item 1016(a) through (d), (f) and (g)
of Regulation M-A:
(a)(1) |
Amendment
No. 2 to preliminary proxy statement for the special meeting of the
shareholders of Johnson Outdoors Inc., incorporated by reference to the
Schedule 14A filed with the Commission on January 10, 2005 (the Proxy
Statement). |
(a)(2) |
Form
of Proxy Card filed with the Commission together with the Proxy Statement. |
(a)(3) |
Form
of Letter to Shareholders filed with the Commission together with the Proxy
Statement |
(a)(4) |
Press
Release dated October 29, 2004 (filed as Exhibit 99.1 to Johnson Outdoors Current
Report on Form 8-K dated October 28, 2004 and incorporated herein by
reference). |
(a)(5) |
Voting
Agreement dated as of October 28, 2004entered into by JO Acquisition
Corp., Helen P. Johnson-Leipold, Imogene P. Johnson, H. Fisk Johnson, S. Curtis
Johnson, Winifred J. Marquart, JWA Consolidated, Inc., Samuel C. Johnson 1988
Trust Number One u/a September 14, 1988and Johnson Bank (attached as
Annex C to the Proxy Statement and incorporated herein by reference). |
(b)(1) |
Commitment
Letter from GE Capital Corporation, dated October 28, 2004 (incorporated herein
by reference to Exhibit 99.8 to Amendment No. 5 to Schedule 13D filed by Helen
P. Johnson-Leipold, Imogene P. Johnson, H. Fisk Johnson, S. Curtis Johnson,
Winifred J. Marquart, JWA Consolidated, Inc., Samuel C. Johnson 1988 Trust
Number One u/a September 14, 1988and Johnson Bank on November 2, 2004). |
(c)(1) |
Opinion
of William Blair & Company, L.L.C. (attached as Annex D to the Proxy
Statement and incorporated herein by reference). |
(c)(2) |
Presentation
materials, dated as of October 28, 2004, prepared by William Blair & Company,
L.L.C. (filed as Exhibit (c)(2) to the Schedule 13E-3 filed by the filing
persons on November 24, 2004 and incorporated herein by reference). |
(c)(3) |
Draft
discussion materials, dated as of March 24, 2004, prepared by William Blair
& Company, L.L.C. (filed as Exhibit (c)(3) to the Schedule 13E-3 filed by the filing
persons on January 10, 2005 and incorporated herein by reference). |
(c)(4) |
Draft
discussion materials, dated as of March 29, 2004, prepared by William Blair
& Company, L.L.C. (filed as Exhibit (c)(4) to the Schedule 13E-3 filed by the filing
persons on January 10, 2005 and incorporated herein by reference). |
(c)(5) |
Draft
discussion materials, dated as of May 14, 2004, prepared by William Blair & Company,
L.L.C. (filed as Exhibit (c)(5) to the Schedule 13E-3 filed by the filing
persons on January 10, 2005 and incorporated herein by reference). |
(c)(6) |
Draft
discussion materials, dated as of September 30, 2004, prepared by William Blair
& Company, L.L.C. (filed as Exhibit (c)(6) to the Schedule 13E-3 filed by the filing
persons on January 10, 2005 and incorporated herein by reference). |
(c)(7) |
Memorandum,
dated as of March 19, 2004, prepared by VALUE Incorporated (filed as Exhibit (c)(7) to the Schedule 13E-3 filed by the filing
persons on January 10, 2005 and incorporated herein by reference). |
(c)(8) |
Draft
discussion materials, dated as of December 18, 2003, prepared by Valuemetrics
Capital, L.L.C. (filed as Exhibit (c)(8) to the Schedule 13E-3 filed by the filing
persons on January 10, 2005 and incorporated herein by reference). |
(d)(1) |
Agreement
and Plan of Merger dated as October 28, 2004, by and between JO Acquisition
Corp. and Johnson Outdoors Inc. (incorporated herein by reference to Annex A to
the Proxy Statement). |
(d)(2) |
Contribution
Agreement dated as of October 28, 2004entered into by JO Acquisition
Corp., Helen P. Johnson-Leipold, Imogene P. Johnson, H. Fisk Johnson, S. Curtis
Johnson, Winifred J. Marquart, JWA Consolidated, Inc., Samuel C. Johnson 1988
Trust Number One u/a September 14, 1988and Johnson Bank (attached as
Annex B to the Proxy Statement and incorporated herein by reference). |
(d)(3) |
Amendment
to Johnson Outdoors Inc. Class B Common Stock Voting Trust Agreement,
incorporated herein by reference to Item 7 of Amendment No. 4 to Schedule 13D
filed with the Commission jointly by Ms. Johnson-Leipold, Mrs. Johnson and the
Samuel C. Johnson 1988 Trust Number One u/a September 14, 1988, and Johnson
Outdoors Inc. Class B Common Stock Voting Trust Agreement incorporated herein
by reference to Item 6 of Ms. Johnson-Leipolds Schedule 13D filed with
the Commission on January 10, 1994 and Item 6 of Amendment No. 1 to Mrs.
Johnsons Schedule 13D filed with the Commission on January 14, 1994
(filed as Exhibit (d)(3) to the Schedule 13E-3 filed by the filing persons on
November 24, 2004 and incorporated herein by reference). |
(d)(4) |
Option
Agreement dated June 27, 2003 by and among Samuel C. Johnson, S. Curtis
Johnson, Helen P. Johnson-Leipold, H. Fisk Johnson, and Winifred J. Marquart
incorporated herein by reference to Item 6 of Amendment No. 2 to Ms.
Johnson-Leipolds Schedule 13D filed with the Commission on July 10, 2003
and Item 6 of Mr. Fisk Johnsons Schedule 13D filed with the Commission on
March 23, 2004 (filed as Exhibit (d)(4) to the Schedule 13E-3 filed by the
filing persons on November 24, 2004 and incorporated herein by reference). |
(d)(5) |
Agreement
dated July 8, 2003 by and among Samuel C. Johnson, S. Curtis Johnson, Helen P.
Johnson-Leipold, H. Fisk Johnson, and Winifred J. Marquart incorporated herein
by reference to Item 6 of Amendment No. 6 to Ms. Johnson-Leipolds, Mr.
Curtis Johnsons, Mr. Fisk Johnsons, and Ms. Marquarts
Schedule 13D filed with the Commission on November 24, 2004 (filed as Exhibit
(d)(5) to the Schedule 13E-3 filed by the filing persons on November 24, 2004
and incorporated herein by reference). |
(f)(1) |
Dissenters rights
of appraisal are described under the caption SPECIAL FACTORS Dissenters Rights set
forth in the Proxy Statement and in Annex E to the Proxy Statement entitled
Subchapter XIII of the Wisconsin Business Corporation Law and are
incorporated herein by reference. |
SIGNATURES
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
JOHNSON OUTDOORS INC. |
|
By: /s/ Paul A. Lehmann |
|
Paul A. Lehmann |
|
Vice Pres. & Chief Financial Officer |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
/s/ Helen P. Johnson-Leipold |
|
Helen P. Johnson-Leipold |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
/s/ Imogene P. Johnson |
|
Imogene P. Johnson |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
/s/ H. Fisk Johnson |
|
H. Fisk Johnson |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
/s/ S. Curtis Johnson |
|
S. Curtis Johnson |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
/s/ Winifred J. Marquart |
|
Winifred J. Marquart |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
JWA CONSOLIDATED, INC. |
|
By: /s/ Imogene P. Johnson |
|
Imogene P. Johnson |
|
President |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
SAMUEL C. JOHNSON 1988 TRUST NUMBER ONE U/A SEPTEMBER 14, 1988 |
|
By: /s/ Imogene P. Johnson |
|
Imogene P. Johnson |
|
Co-Trustee |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
JOHNSON BANK |
|
By: /s/ Brian Lucareli |
|
Senior Vice President |
After
due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 4, 2005
|
JO ACQUISITION CORP. |
|
By: /s/ Helen P. Johnson-Leipold |
|
Helen P. Johnson-Leipold |
|
President & Chief Executive Officer |
Exhibit Index
(a)(1) |
Amendment
No. 1 to preliminary proxy statement for the special meeting of the shareholders of
Johnson Outdoors Inc., incorporated by reference to the Schedule 14A
filed with the Commission on January __, 2005 (the Proxy Statement). |
(a)(2) |
Form
of Proxy Card filed with the Commission together with the Proxy Statement. |
(a)(3) |
Letter
to Shareholders filed with the Commission together with the Proxy Statement. |
(a)(4) |
Press
Release dated October 29, 2004 (filed as Exhibit 99.1 to Johnson Outdoors Current Report
on Form 8-K dated October 28, 2004 and incorporated herein by
reference). |
(a)(5) |
Voting
Agreement dated as of October 28, 2004 entered into by JO Acquisition Corp., Helen P.
Johnson-Leipold, Imogene P. Johnson, H. Fisk Johnson, S. Curtis
Johnson, Winifred J. Marquart, JWA Consolidated, Inc., Samuel C.
Johnson 1988 Trust Number One u/a September 14, 1988 and Johnson Bank
(attached as Annex C to the Proxy Statement and incorporated herein by
reference). |
(b)(1) |
Commitment
Letter from GE Capital Corporation, dated October 28, 2004 (incorporated herein by
reference to Exhibit 99.8 to Amendment No. 5 to Schedule 13D filed by
Helen P. Johnson-Leipold, Imogene P. Johnson, H. Fisk Johnson, S.
Curtis Johnson, Winifred J. Marquart, JWA Consolidated, Inc., Samuel C.
Johnson 1988 Trust Number One u/a September 14, 1988 and Johnson Bank
on November 2, 2004). |
(c)(1) |
Opinion
of William Blair & Company, L.L.C. (attached as Annex D to the Proxy Statement and
incorporated herein by reference). |
(c)(2) |
Presentation
materials, dated as of October 28, 2004, prepared by William Blair & Company, L.L.C.
(filed as Exhibit (c)(2) to the Schedule 13E-3 filed by the filing
persons on November 24, 2004 and incorporated herein by reference). |
(c)(3) |
Draft
discussion materials, dated as of March 24, 2004, prepared by William Blair & Company,
L.L.C. (filed as Exhibit (c)(3) to the Schedule 13E-3 filed by the
filing persons on November 24, 2004 and incorporated herein by
reference). |
(c)(4) |
Draft
discussion materials, dated as of March 29, 2004, prepared by William Blair & Company,
L.L.C. (filed as Exhibit (c)(4) to the Schedule 13E-3 filed by the
filing persons on November 24, 2004 and incorporated herein by
reference). |
(c)(5) |
Draft
discussion materials, dated as of May 14, 2004, prepared by William Blair & Company,
L.L.C. (filed as Exhibit (c)(5) to the Schedule 13E-3 filed by the
filing persons on November 24, 2004 and incorporated herein by
reference). |
(c)(6) |
Draft
discussion materials, dated as of September 30, 2004, prepared by William Blair & Company,
L.L.C. (filed as Exhibit (c)(6) to the Schedule 13E-3 filed by the
filing persons on November 24, 2004 and incorporated herein by
reference). |
(c)(7) |
Memorandum,
dated as of March 19, 2004, prepared by VALUE Incorporated (filed as Exhibit (c)(7) to
the Schedule 13E-3 filed by the filing persons on November 24, 2004 and
incorporated herein by reference). |
(c)(8) |
Draft
discussion materials, dated as of December 18, 2003, prepared by Valuemetrics Capital,
L.L.C. (filed as Exhibit (c)(8) to the Schedule 13E-3 filed by the
filing persons on November 24, 2004 and incorporated herein by
reference). |
(d)(1) |
Agreement
and Plan of Merger dated as October 28, 2004, by and between JO Acquisition Corp. and
Johnson Outdoors Inc. (incorporated herein by reference to Annex A to
the Proxy Statement). |
(d)(2) |
Contribution
Agreement dated as of October 28, 2004 entered into by JO Acquisition Corp., Helen P.
Johnson-Leipold, Imogene P. Johnson, H. Fisk Johnson, S. Curtis
Johnson, Winifred J. Marquart, JWA Consolidated, Inc., Samuel C.
Johnson 1988 Trust Number One u/a September 14, 1988 and Johnson Bank
(attached as Annex B to the Proxy Statement and incorporated herein by
reference). |
(d)(3) |
Amendment
to Johnson Outdoors Inc. Class B Common Stock Voting Trust Agreement, incorporated herein
by reference to Item 7 of Amendment No. 4 to Schedule 13D filed with
the Commission jointly by Ms. Johnson-Leipold, Mrs. Johnson and the
Samuel C. Johnson 1988 Trust Number One u/a September 14, 1988, and
Johnson Outdoors Inc. Class B Common Stock Voting Trust Agreement incorporated herein by
reference to Item 6 of Ms. Johnson-Leipolds Schedule 13D filed with
the Commission on January 10, 1994 and Item 6 of Amendment No. 1 to
Mrs. Johnsons Schedule 13D filed with the Commission on January 14, 1994
(filed as Exhibit (d)(3) to the Schedule 13E-3 filed by the filing
persons on November 24, 2004 and incorporated herein by reference). |
(d)(4) |
Option
Agreement dated June 27, 2003 by and among Samuel C. Johnson, S. Curtis Johnson, Helen P.
Johnson-Leipold, H. Fisk Johnson, and Winifred J. Marquart incorporated
herein by reference to Item 6 of Amendment No. 2 to Ms. Johnson-Leipolds
Schedule 13D filed with the Commission on July 10, 2003 and Item 6 of
Mr. Fisk Johnsons Schedule 13D filed with the Commission on March 23, 2004 (filed as
Exhibit (d)(4) to the Schedule 13E-3 filed by the filing persons on
November 24, 2004 and incorporated herein by reference). |
(d)(5) |
Agreement
dated July 8, 2003 by and among Samuel C. Johnson, S. Curtis Johnson, Helen P.
Johnson-Leipold, H. Fisk Johnson, and Winifred J. Marquart incorporated
herein by reference to Item 6 of Amendment No. 6 to Ms. Johnson-Leipolds,
Mr. Curtis Johnsons, Mr. Fisk Johnsons, and Ms. Marquarts Schedule
13D filed with the Commission on November 24, 2004 (filed as Exhibit (d)(5) to the
Schedule 13E-3 filed by the filing persons on November 24, 2004 and
incorporated herein by reference). |
(f)(1) |
Dissenters rights
of appraisal are described under the caption SPECIAL FACTORS Dissenters Rights set
forth in the Proxy Statement and in Annex E to the Proxy Statement entitled Subchapter
XIII of the Wisconsin Business Corporation Law and are incorporated
herein by reference. |