UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
JOHNSON OUTDOORS INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $.05 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
479254 10 4
--------------------------------------------------------------------------------
(CUSIP Number)
Linda L. Sturino
555 Main Street
Suite 500
Racine, Wisconsin 53403
(262) 260-4046
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 18, 2004
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
------------------------------- ------------------------------------------
CUSIP NO. 479254 10 4 PAGE 2 OF 7 PAGES
------------------------------- ------------------------------------------
---------- ---------------------------------------------------------------------
NAME OF REPORTING PERSON
1 Samuel C. Johnson
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
---------- ---------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (A) [x]
(B) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
SC and BK
---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------- -------- ------------------------------------------
7 SOLE VOTING POWER
NUMBER 2,477,826 shares (1)(2)
OF
-------- ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,135,330 shares (2)
OWNED
-------- ------------------------------------------
BY 9 SOLE DISPOSITIVE POWER
EACH 2,477,826 shares (1)(2)
REPORTING
-------- ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,135,330 shares (2)
---------------------------- -------- ------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,613,155 shares (1)(2)
---------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |X|
See Item 5
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.6% of the Class A Common Stock (1)(2)(3)
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
---------- ---------------------------------------------------------------------
(1) Includes options to acquire 12,695 shares of Class A Common Stock
that are exercisable within 60 days.
(2) Includes shares of Class B Common Stock beneficially owned by the
Reporting Person which are convertible at any time into Class A Common Stock on
a one share-for-one share basis.
(3) Based on 7,446,528 shares of Class A Common Stock and 1,222,297
shares of Class B Common Stock (convertible into shares of Class A Common Stock
on a one share-for-one share basis) of Johnson Outdoors Inc. outstanding as of
January 31, 2004, as reported on the Johnson Outdoors Inc. Form 10-Q for the
fiscal quarter ended January 2, 2004 filed with the Securities and Exchange
Commission on February 17, 2004, and 12,695 options held by Mr. Johnson to
purchase shares of Class A Common Stock that are exercisable within 60 days.
SCHEDULE 13D
------------------------------- ------------------------------------------
CUSIP NO. 479254 10 4 PAGE 3 OF 7 PAGES
------------------------------- ------------------------------------------
---------- ---------------------------------------------------------------------
NAME OF REPORTING PERSON
1 Helen P. Johnson-Leipold
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
---------- ---------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (A) [x]
(B) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
SC and BK
---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------- -------- ------------------------------------------
7 SOLE VOTING POWER
NUMBER 808,155 shares (1)(2)
OF
-------- ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,329,308 shares (2)
OWNED
-------- ------------------------------------------
BY 9 SOLE DISPOSITIVE POWER
EACH 808,155 shares (1)(2)
REPORTING
-------- ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,329,308 shares (2)
---------------------------- -------- ------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,137,463 shares (1)(2)
---------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |X|
See Item 5
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.9% of the Class A Common Stock (1)(2)(3)
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
---------- ---------------------------------------------------------------------
(1) Includes options to acquire 655,000 shares of Class A Common Stock
that are exercisable within 60 days and the 3,643 shares of Class A Common Stock
held in the Reporting Person's 401(k) plan as of November 1, 2003.
(2) Includes shares of Class B Common Stock beneficially owned by the
Reporting Person which are convertible at any time into Class A Common Stock on
a one share-for-one share basis.
(3) Based on 7,446,528 shares of Class A Common Stock and 1,222,297
shares of Class B Common Stock (convertible into shares of Class A Common Stock
on a one share-for-one share basis) of Johnson Outdoors Inc. outstanding as of
January 31, 2004, as reported on the Johnson Outdoors Inc. Form 10-Q for the
fiscal quarter ended January 2, 2004 filed with the Securities and Exchange
Commission on February 17, 2004, and 655,000 options held by Ms. Johnson-Leipold
to purchase shares of Class A Common Stock that are exercisable within 60 days.
SCHEDULE 13D
------------------------------- ------------------------------------------
CUSIP NO. 479254 10 4 PAGE 4 OF 7 PAGES
------------------------------- ------------------------------------------
THIS AMENDMENT NO. 1 TO SCHEDULE 13D is filed jointly by Samuel C.
Johnson ("Mr. Johnson") and Helen P. Johnson-Leipold ("Ms. Johnson-Leipold"). In
this Amendment No. 1 to Schedule 13D, Mr. Johnson and Ms. Johnson-Leipold are
sometimes individually referred to as a "Reporting Person" and collectively
referred to herein as the "Reporting Persons". This filing shall serve to amend
and supplement the Reporting Persons' Schedule 13D filed with the Securities and
Exchange Commission on February 20, 2004.
ITEM 4. PURPOSE OF TRANSACTION.
On February 20, 2004, the Reporting Persons delivered a letter (the
"Letter") to the Board of Directors of the Company presenting a proposal whereby
an entity to be created by the Reporting Persons ("Acquisition Co.") would
acquire all of the outstanding shares of Class A Common Stock and Class B Common
Stock of the Company not already owned by the Reporting Persons, members of
their family, or entities controlled by the Reporting Persons or members of
their families (the "Shares"). The Letter stated that the Reporting Persons
would leave their proposal open until March 22, 2004.
On March 18, 2004, the Reporting Persons delivered to the Special
Committee of the Board of Directors of the Company a letter (the "Extension
Letter") stating that the Reporting Persons would, at the request of the Board
of Directors, extend the effectiveness of their proposal for an additional sixty
(60) days. The Reporting Persons informed the Special Committee in the Extension
Letter that all other terms of the proposal contained in the Letter would remain
in effect.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended in its entirety to read as follows:
(a)-(b) Information concerning the amount and percentage of shares of
Class A Common Stock beneficially owned by the Reporting Persons is set forth
below:
---------------------------- --------------------- ---------------------- ------------------------- -----------------------
Reporting Person Sole Voting and Shared Voting and Aggregate Beneficial Percentage of
Dispositive Power Dispositive Power Ownership Outstanding Shares
---------------------------- --------------------- ---------------------- ------------------------- -----------------------
Mr. Johnson 2,477,826 (1)(2) 1,135,330 (1)(5) 3,613,155 (1)(2)(5)(6) 41.6% (1)(2)(4)(5)(6)
---------------------------- --------------------- ---------------------- ------------------------- -----------------------
Ms. Johnson-Leipold 808,155 (1)(3) 1,329,308 (1)(5) 2,137,463 (1)(3)(5)(7) 22.9% (1)(3)(4)(5)(7)
---------------------------- --------------------- ---------------------- ------------------------- -----------------------
(1) Includes shares of Class B Common Stock which are convertible at any time on a one share-for-one share basis into
shares of Class A Common Stock.
(2) Includes options to acquire 12,695 shares of Class A Common Stock that are exercisable within 60 days.
(3) Includes options to acquire 655,000 shares of Class A Common Stock, which options are exercisable within 60 days,
and 3,643 shares of Class A Common Stock held in Ms. Johnson-Leipold's 401(k) plan as of November 1, 2003.
(4) Based on 7,446,528 shares of Class A Common Stock and 1,222,297 shares of Class B Common Stock (convertible into
shares of Class A Common Stock on a one share-for-one share basis) of Johnson Outdoors Inc. outstanding as of January
31, 2004, as reported on the Johnson Outdoors Inc. Form 10-Q for the fiscal quarter ended January 2, 2004 filed with the
Securities and Exchange Commission on February 17, 2004, and 655,000 and 12,695 options to purchase shares of Class A
Common Stock held by Ms. Johnson-Leipold and Mr. Johnson, respectively, that are exercisable within 60 days.
SCHEDULE 13D
------------------------------- ------------------------------------------
CUSIP NO. 479254 10 4 PAGE 5 OF 7 PAGES
------------------------------- ------------------------------------------
(5) Mr. Johnson and Ms. Johnson-Leipold share voting and dispositive power over these shares with Imogene P. Johnson, S.
Curtis Johnson, H. Fisk Johnson*, JWA Consolidated, Inc. and Johnson Bank. Certain information with respect to such
persons is set forth below:
------------------------------------------ ------------------------------------ --------------------------------------
Name and Business Address Principal Occupation and Employment Name, Address and Principal Business
------------------------------------------ ------------------------------------ --------------------------------------
Imogene P. Johnson None None
555 Main Street
Racine, WI 53403
Citizenship: United States
------------------------------------------ ------------------------------------ --------------------------------------
S. Curtis Johnson Chairman-Worldwide Johnson Diversey
555 Main Street Professional 1326 Willow Road
Racine, WI 53403 Sturtevant, WI 53177
Citizenship: United States
------------------------------------------ ------------------------------------ --------------------------------------
H. Fisk Johnson* Chairman S.C. Johnson & Son
555 Main Street Chairman of the Board 1525 Howe Street
Racine, WI 53403 Racine, WI 53403-2236
Citizenship: United States
------------------------------------------ ------------------------------------ --------------------------------------
JWA Consolidated, Inc. Not Applicable Holding company for purposes of
555 Main Street owning stock of the Company
Racine, WI 53403
State of Organization: Delaware
------------------------------------------ ------------------------------------ --------------------------------------
Johnson Bank Not Applicable Bank and Trust Company
555 Main Street
Racine, WI 53403
State of Organization: Wisconsin
------------------------------------------ ------------------------------------ --------------------------------------
*Solely with respect to Ms. Johnson-Leipold.
(6) Excludes 808,155 shares beneficially owned solely by Ms. Johnson-Leipold as to which Mr. Johnson disclaims
beneficial ownership.
(7) Excludes 2,477,323 shares beneficially owned solely by Mr. Johnson as to which Ms. Johnson-Leipold disclaims
beneficial ownership.
During the last five years, none of the above persons has been
convicted in a criminal proceeding or has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to federal
or state securities laws or finding any violation with respect to such laws.
(c)-(e). Not Applicable.
SCHEDULE 13D
------------------------------- ------------------------------------------
CUSIP NO. 479254 10 4 PAGE 6 OF 7 PAGES
------------------------------- ------------------------------------------
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Exhibit No. Title
----------- -----
99.1. Joint Filing Agreement (incorporated by
reference to Schedule 13D filed with the SEC
by the Reporting Persons on February 20,
2004).
99.2. Power of Attorney (incorporated by reference
to Schedule 13D filed with the SEC by the
Reporting Persons on February 20, 2004).
99.3. Letter to the Board of Directors of the
Company, dated as of February 20, 2004,
delivered by the Reporting Persons
(incorporated by reference to Schedule 13D
filed with the SEC by the Reporting Persons
on February 20, 2004).
99.4. Extension Letter to the Special Committee of
the Board of Directors of the Company, dated
as of March 18, 2004, delivered by the
Reporting Persons.
SCHEDULE 13D
------------------------------- ------------------------------------------
CUSIP NO. 479254 10 4 PAGE 7 OF 7 PAGES
------------------------------- ------------------------------------------
SIGNATURE
After reasonable 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: March 19, 2004 /s/ Helen P. Johnson-Leipold
-------------------- ---------------------------------------
Helen P. Johnson-Leipold
Samuel C. Johnson
By: /s/ Helen P. Johnson-Leipold
----------------------------------
Attorney-in-fact
Power of Attorney for Samuel C. Johnson
filed February 20, 2004
EXHIBIT 99.4
March 18, 2004
Special Committee of the Board of Directors
Johnson Outdoors Inc.
555 Main Street
Racine, WI 53403
Attn: Thomas F. Pyle, Jr., Chairman
Gentlemen:
Per your request, Samuel Johnson and I are prepared to leave open for
an additional 60 days our February 20, 2004 proposal to acquire all of the
outstanding shares of Class A and Class B common stock of Johnson Outdoors Inc.
not already owned by us, members of our family, or entities controlled by us or
our family members, for a price of $18.00 per share in cash. Please appreciate
that all other terms contained in our proposal remain in effect, including our
right to amend or withdraw such proposal and to terminate further discussions at
any time prior to our execution of definitive agreements.
Very truly yours,
/s/ Helen P. Johnson-Leipold
-------------------------------
Helen P. Johnson-Leipold