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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 20, 2004
SMITH & WESSON HOLDING CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| NEVADA | 001-31552 | 87-0543688 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2100 ROOSEVELT AVENUE
SPRINGFIELD, MASSACHUSETTS 01104
(Address of principal executive offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (800) 331-0852
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 (see General Instruction A.2. below):
o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
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Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a- 12) | |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 7.01. Regulation FD Disclosure. | ||||||||
| Item 9.01. Financial Statements and Exhibits. | ||||||||
| SIGNATURES | ||||||||
| EXHIBIT INDEX | ||||||||
| EX-99.1 | ||||||||
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EXPLANATORY NOTE
This Amendment No. 1 to Form 8-K of Smith & Wesson Holding Corporation (the “Company”) amends the Company’s Form 8-K dated September 20, 2004, originally filed with the Securities and Exchange Commission on September 21, 2004 (the “Original Filing”). The Company is filing this amendment to correct an inadvertent error on slide 17 and the inadvertent omission of slide 27 in Exhibit 99.1 to the Original Filing. No other changes have been made to the Original Filing. This Amendment No. 1 continues to speak as of the date of the Original Filing, and the Registrant has not updated the disclosures contained therein to reflect any events that occurred at a date subsequent to the filing of the Original Filing.
Item 7.01. Regulation FD Disclosure.
The Company is furnishing this Report on Form 8-K pursuant to Regulation FD in connection with the disclosure of information in the form of the textual information from a slide presentation given on September 20, 2004.
The information in this Report on Form 8-K is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that section. This Report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.
The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company’s expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.
Item 9.01. Financial Statements and Exhibits.
| (a) | Financial Statements of Business Acquired. | |||
| Not applicable. | ||||
| (b) | Pro Forma Financial Information. | |||
| Not applicable. | ||||
| (c) | Exhibits. | |||
| Exhibit No. | ||||||
| 99.1 | Smith & Wesson Holding Corporation Presentation | |||||
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SIGNATURES
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.
| Date: September 22, 2004 | SMITH & WESSON HOLDING CORPORATION | |||
| By: | /s/ Roy Cuny | |||
| Roy Cuny | ||||
| President and Chief Executive Officer | ||||
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Exhibit 99.1
| September 20, 2004 |
| SMITH & WESSON HOLDING CORPORATION Certain statements contained in this presentation may be deemed to be forward-looking statements under federal securities laws, and the Company intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include statements regarding the Company's strategies, the demand for the Company's products, the opportunity for growth of the Company, anticipated sales and operating results, customer satisfaction and cost-reduction efforts. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the demand for the Company's products, the Company's growth opportunities, the ability of the Company to obtain operational enhancements, and other risks detailed from time to time in the Company's reports filed with the SEC. |
| PRESENTED BY: Roy Cuny - President and CEO John Kelly - Chief Financial Officer AMEX: SWB MARKET CAP: $52.8 million SHARES OUTSTANDING: 31,064,048 SMITH & WESSON HOLDING CORPORATION |
| POSITION IN THE MARKET Largest U.S. manufacturer of handguns by 25% margin Largest U.S. exporter of handguns Largest manufacturer of handcuffs in the U.S. |
| VISION INCREASE SHAREHOLDER VALUE (AMEX: SWB $1.79 PER SHARE SEPTEMBER 15, 2004) FOCUS ON THE CORE BUSINESS |
| SPORTS ENTHUSIASTS TARGET SHOOTERS GAME HUNTERS PERSONAL PROTECTION TARGET MARKETS U.S. AND INTERNATIONAL HOMELAND SECURITY FEDERAL GOVERNMENT LOCAL AGENCIES LAW ENFORCEMENT MILITARY |
| GO-TO-MARKET SPECIALIZATION OF MARKETING AND SALES RESPONSIBILITIES NEW LAW ENFORCEMENT AND FEDERAL SALES MEDIA INTERACTIONS ADVERTISING/BRAND IMAGING CONSUMER FOCUSED |
| CONSISTENT THEMATIC ADS |
| T.V. EXPAND TARGETED DEMOGRAPHICS |
| PRODUCT INNOVATION FY 2003 9 NEW PRODUCTS FY 2004 9 NEW PRODUCTS FY 2005 MORE NEW PRODUCTS NEW CALIBERS: S&W 500 FAMILY NEW MODELS: 1911 FAMILY/OTHER PISTOLS NEW MATERIALS: SCANDIUM FAMILY NEW WALTHER: G-22 RIFLE EXCITING OUR CUSTOMERS |
| NEW HANDGUN PRODUCTS FOR 2004 Pistols Model SW1911Sc Model SW1911 Model 22A Revolvers Model 500 - 4'' Barrel Model 325PD Model 351PD |
| NEW HANDGUN PRODUCTS FOR 2004 Performance Center Model 1911 Model 327 Model 952 Stainless New Combinations Model 642 with Laser Grips Model 637 Carry Combo Model 908S Carry Combo |
| LICENSING AND BRANDING Leverage the 150-plus-year-old "Smith & Wesson" name Ensure consistent image of Smith & Wesson brand Quality, dependability, American made History, tradition, heritage Safety, security, protection Worldwide brand Forward goal, "increase essence of brand" and build high margin, minimal investment recurring revenue stream Expand consumer awareness of licensed products |
| SMITH & WESSON AND THE FUTURE INCREASING VALUE FOR STOCKHOLDERS |
| TRACK RECORD FY 2005 Q1 UPDATE FY 2005 GUIDANCE FINANCIAL PROGRESS |
| FINANCIAL OVERVIEW (in millions) |
| FINANCIAL OVERVIEW (in millions) |
| JULY 31, 2004 JULY 31, 2003 NET PRODUCT SALES $27.8 $28.8 NET INCOME $1.5 $.6 EARNINGS PER SHARE $.04 $.02 FIRST QUARTER RESULTS In millions except per share data |
| FISCAL 2004 FISCAL 2005 NET PRODUCT SALES $117.9 $123 - $129 NET INCOME $1.4 $5.4 - $6.4 EARNINGS PER SHARE $.04 $.16 - $.19 GUIDANCE FISCAL YEAR 2005 In millions except per share data |
| 2003 2004 2005 4.2 5.7 9 CAPITAL EXPENDITURES (in millions) INVESTING FOR THE FUTURE |
| FORWARD STRATEGIC PLAN FISCALS YEARS '05, '06, '07 BE CUSTOMER CENTRIC UNMATCHED QUALITY MAXIMIZE OPERATIONAL EFFICIENCY STRENGTHEN BENCH PLANNED AND BEING EXECUTED |
| ENHANCED DISTRIBUTION NETWORK DEEPEN RELATIONSHIPS WITH DISTRIBUTORS PULL VERSUS PUSH DEALER STRATEGY EXPAND RETAIL OUTLET OPPORTUNITY INCREASE SELECTED ADVERTISING TO DRIVE DEMAND |
| OPERATIONAL EFFICIENCY HARD LINK BETWEEN STRATEGY AND PRACTICE LEAN MANUFACTURING SINCE 11- 02 LEAN SIX SIGMA SINCE 5- 04 INVENTORY MANAGEMENT PLANT TECHNOLOGY ADVANTAGE PROCESS INNOVATION GROSS MARGINS TURNS QUALITY THROUGHPUT |
| INVESTMENT HIGHLIGHTS LEADING IN PRODUCT INNOVATION DEEPENING LEAN SIX SIGMA DRIVING OPERATIONAL EXCELLENCE ENHANCING TECHNOLOGY/AUTOMATION IMPLEMENTING MARKETING AND SALES PLAN DRIVING REVENUE, MARGINS, EARNINGS |
| SMITH & WESSON INNOVATION STRATEGY EXECUTION SHAREHOLDER VALUE |
| SMITH & WESSON HOLDING CORPORATION AMEX: SWB Smith & Wesson Holding Corporation 2100 Roosevelt Avenue Springfield, MA 01104 Investor Contacts John Kelly, CFO 800-331-0852 Patty Bruner, Investor Relations Christensen 480-614-3009 |
| SMITH & WESSON SMITH & WESSON |
