UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
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 4, 2003
NIKE, INC.
(Exact Name of Registrant as Specified in Charter)
Oregon 1-10635 93-0584541
____________ ____________ ____________
(State of (Commission (I.R.S.Employer
Incorporation) File Number) Identification No.)
One Bowerman Drive
Beaverton, Oregon 97005-6453
(Address of Principal Executive Offices)
__________________________
(503) 671-6453
(Registrant's telephone number, including area code)
___________________________
Item 5. Other Events
Today NIKE, Inc. released the following press release:
FOR IMMEDIATE RELEASE
MEDIA CONTACT: INVESTOR CONTACT:
Joani Komlos Pamela Catlett
503.671.2013 503.671.4589
NIKE, INC. COMPLETES ACQUISITION OF CONVERSE INC.
Beaverton, OR (4 September 2003) -- NIKE, Inc. (NYSE:NKE) announced
today it has completed the acquisition of Converse, Inc. Under the
final terms of the transaction, originally announced on July 9, 2003,
Nike Inc. purchased 100 percent of the equity shares for approximately
$305 million.
"Converse is a positive addition to the Nike, Inc. portfolio, " said
Philip H. Knight, Chairman, CEO and President of Nike, Inc. "I am
confident we will build a great partnership that will allow Converse to
continue to excel in the management of its brand and business. For
Nike, this is yet another milestone in building our portfolio through
multiple brands and helps position us for continued growth."*
NIKE, Inc., based in Beaverton, Oregon, is the world's leading designer
and marketer of authentic athletic footwear, apparel, equipment and
accessories for a wide variety of sports and fitness activities. For
fiscal year 2003 ended May 31, NIKE, Inc. revenue totaled $10.7 billion.
Wholly owned Nike subsidiaries include Cole Haan(registered), which
markets a line of high-quality men's and women's footwear, accessories
and outerwear; Hurley International LLC, which markets action sports and
teen lifestyle apparel; and Bauer NIKE Hockey Inc., which manufactures
and markets hockey equipment.
Converse, Inc. based in North Andover, Massachusetts, is a designer,
distributor, and marketer of high performance and casual athletic
footwear and apparel. Founded in 1908, Converse has created such
legendary shoes as the Chuck Taylor(registered) All Star(registered),
the Jack Purcell(registered), One Star(registered), and other authentic
heritage products. Converse sells its products in over 12,000 athletic
specialty, sporting goods, specialty, department and national chain
stores across the United States and Canada, and through 42 licensees in
over 100 countries. Full-year 2002 Converse, Inc. revenue totaled $205
million. Worldwide wholesale sales of all products bearing the Converse
brand, generated by Converse, Inc. and its licensing partners and
affiliates (excluding Japan), were approximately $390 million for 2002.
* The marked paragraphs contain forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially. These risks and uncertainties are detailed from time to
time in reports filed by NIKE with the S.E.C., including Forms 8-K, 10-
Q, and 10-K.
# # #
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.
NIKE, Inc.
(Registrant)
Date: September 4, 2003
/s/ Donald W. Blair
____________________
By: Donald W. Blair
Chief Financial Officer