jo102008form12b25.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
One): [ X ] Form 10-K [ ] Form
20-F [ ] Form
11-K [ ] Form 10-Q
[ ]
Form 10-D [ ] Form
N-SAR [ ] Form N-CSR
For
Period Ended: October 3, 2008.
[ ]
Transition Report on Form 10-K
[ ]
Transition Report on Form 20-F
[ ]
Transition Report on Form 11-K
[ ]
Transition Report on Form 10-Q
[ ]
Transition Report on Form N-SAR
For
the
Transition Period Ended: Not Applicable
Read
Instruction (on back) page Before Preparing Form. Please Print or
Type.
Nothing
in this form shall be construed to imply that the Commission has verified any
information contained herein.
If
the
notification relates to a portion of the filing checked above, identify the
item(s) to which the notification relates: Not Applicable
PART
I
REGISTRANT
INFORMATION
Full
Name
of Registrant: Johnson Outdoors Inc.
Former
Name if Applicable: Not Applicable
Address
of Principal Executive Office (Street and Number): 555 Main
Street
City,
State and Zip Code: Racine, Wisconsin 53403
PART
II
RULES
12B-25(b) AND (c)
If
the
subject report could not be filed without unreasonable effort or expense and
the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
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(a)
|
The
reasons described in reasonable detail in Part III of this form could
not be eliminated without unreasonable effort or expense;
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x
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(b)
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The
subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form
N-CSR, or portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q or subject distribution
report on Form 10-D, or portion thereof, will be filed on or before
the
fifth calendar day following the prescribed due date; and
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| |
(c)
|
The
accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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PART III
NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR,
N-CSR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The
registrant could not file its annual report on Form 10-K for the year ended
October 3, 2008 on the prescribed filing date for the following reasons:
In
conjunction with the deterioration in the economic environment and the material
reduction in the market value of the Company's publicly traded common stock,
the
Company has evaluated and tested its goodwill for impairment in accordance
with
the Financial Accounting Standards Board’s Statement of Financial Accounting
Standard No. 142, “Goodwill and Intangible Assets”. This analysis and
its implication on the Company's financial statements and credit agreements
has
caused the Company to not be able to complete all review work necessary to
finalize the Company's financial statements for inclusion in the Form 10-K
and,
therefore, the Company is unable to complete the Form 10-K in a timely
manner.
PART
IV
OTHER
INFORMATION
(1) Name
and telephone number of person to contact in regard to this notification:
David W.
Johnson
262–631–6600
(2) Have
all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the
answer is no, identify report(s).
(3) Is
it anticipated that any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof?
If
so:
attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
On
December 5, 2008, the Company issued a press release disclosing its results
for the fourth quarter and fiscal year ended October 3, 2008. The
Company reported a net loss of $71.0 million or $7.81 per diluted share for
the
year ended October 3, 2008. For the year ended September 28, 2007,
the Company reported net income of $9.2 million or $1.00 per diluted
share. Financial results for the year ended October 3, 2008 include
goodwill and other impairment charges of approximately $41.0 million and
increases in deferred tax valuation allowances of approximately $29.5
million.
Johnson
Outdoors Inc. has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated
this 18th day of December, 2008.
JOHNSON
OUTDOORS INC.
BY
/s/
David W.
Johnson
David
W. Johnson, Chief Financial Officer