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

July 29, 2005

Date of Report (Date of earliest event reported)

SMITH & WESSON HOLDING CORPORATION

 

(Exact Name of Registrant as Specified in Charter)

NEVADA		001-31552		87-0543688
(State or Other		(Commission File Number)		(IRS Employer
Jurisdiction of Incorporation)				Identification No.)

(Address of Principal Executive Offices) (Zip Code)

(800) 331-0852

(Registrant’s telephone number, including area code)

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		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 2.02. Results of Operations and Financial Condition.

     The registrant is furnishing this Report on Form 8-K in connection with the disclosure of information, in the form of the textual information from a press release released on July 29, 2005.

     The information in this Report on Form 8-K (including the exhibit) is furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

     The registrant does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the registrant’s expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.

     The text included with this Report is available on the registrant’s website located at www.smithwesson.com, although the registrant reserves the right to discontinue that availability at any time.

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
		Number
			99.1			Press release from the registrant, dated July 29, 2005, entitled “Smith & Wesson Holding Corporation Reaffirms Guidance and Files for Extension for Form 10-K Filing”

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.

EXHIBIT INDEX

99.1

Press release from the registrant, dated July 29, 2005, entitled “Smith & Wesson Holding Corporation Reaffirms Guidance and Files for Extension for Form 10-K Filing”

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:
Liz Sharp, VP Investor Relations
Smith & Wesson Holding Corp.
(480) 367-5015
lsharp@smith-wesson.com

Smith & Wesson Holding Corporation Reaffirms Guidance and Files for Extension
for Form 10-K Filing

SPRINGFIELD, Mass., July 29, 2005 — Smith & Wesson Holding Corporation (AMEX: SWB), parent company of Smith & Wesson Corp., the legendary 153-year old, global provider of products and services for safety, security, protection and sport, today reaffirmed its guidance for fiscal 2005 revenue and earnings, before taking into account expected adjustments to reflect the early adoption of Statement of Financial Accounting Standards No. 123(R) “Share – Based Payment (Revised)”. The Company also announced that it will file with the Securities and Exchange Commission (SEC) a Form 12b-25 Notification of Late Filing pursuant to Rule 12b-25 of the Securities Exchange Act of 1934 to obtain an automatic extension to file its Form 10-K for the year ended April 30, 2005, due to the adoption of SFAS 123(R).

Michael Golden, President and CEO, said, “We have completed our fundamental accounting work relative to fiscal 2005 and are now concluding the large amount of additional work necessary to early adopt SFAS 123(R).”

On June 29, 2005, the Company said it continued to expect net product sales for fiscal 2005 to be approximately $124 million, a 5% increase over the $117.9 million reported for fiscal 2004. Firearms sales for fiscal 2005 are expected to increase by approximately 11% over fiscal 2004 levels. Income for fiscal 2005 is expected to be between $5.1 million and $5.9 million, or $0.14 and $0.17 per fully diluted share, compared with $1.4 million, or $0.04 per fully diluted share, for fiscal 2004, not including adjustments related to APB 25, and the early adoption of SFAS 123(R). Although the Company is still calculating the precise effect of the adoption of SFAS 123(R), it expects that the early adoption of SFAS 123(R) will result in a reduction in net income of between $1.0 million and $1.2 million, or between $.03 and $.04 per diluted share, for fiscal 2004 and between $400,000 and $600,000, or between $.01 and $.02 per diluted share, for fiscal 2005.

Golden continued, “We expect to complete our work relative to the early adoption of SFAS 123(R) within the automatic extension timeframe, and look forward to sharing our detailed results for fiscal 2005 and our plans for fiscal 2006.”

The Company plans to discuss its actual financial results for the fourth quarter and full year ended April 30, 2005 as well as its outlook for fiscal 2006 on a teleconference and web cast to be held in conjunction with the announcement of those results.

About Smith & Wesson

Smith & Wesson Corp. is one of the world’s largest providers of firearms, accessories and services for the global safety, security, protection, and sport markets. The company manufactures firearms and handcuffs for law enforcement customers, and is home to America’s longest-running firearms training facilities for America’s public servants. The company also markets a variety of products including firearm safety/security devices, shooting protective gear, knives, apparel, footwear and other accessory lines. The Company is based in Springfield, Mass., with manufacturing facilities in Springfield and Houlton, Maine. Contact (800) 331-0852 or log on to www.smith-wesson.com.

Safe Harbor Statement
Certain statements contained in this press release 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 and guidance regarding the Company’s anticipated sales, growth rates, earnings and financial performance for the fiscal year ended April 30, 2005 as well as the effect of the early adoption of SFAS 123(R) on its financial results.. 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 ability to produce financial results that fall within expected ranges; the Company’s strategies; demand for the Company’s products; and other risks detailed from time to time in the Company’s reports filed with the SEC.