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INI File  |  1992-06-08  |  49KB  |  1,160 lines

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  18.     Mercury Sports - Proposal to Board of Directors
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  1101. [edoc]
  1102. We would like to propose the following topic for discussion at the Annual Meeting of the 
  1103. <+">Mercury Sports<-"> Board of Directors this coming September.  In light of the fact that sports equipment is experiencing a dramatic rise in use as a corporate premium item,<:F
  1104. @Footnote@See Appendix B for data on use of sports equipment as corporate premium.  Data source is indicated as  Market Research, Inc. from a May, 1992 poll.
  1105.  
  1106. >
  1107.  the New Business Group and the Alternate Channels Group have undertaken a three-month study to explore the feasibility and profit potential of acquiring one or more premium incentive concerns as a built-in outlet for 
  1108. <+">Mercury Sports<-"> merchandise.
  1109.  
  1110. @Subhead@<:Zcenter><:Z~center>Regional Acquisition Strategy
  1111.  
  1112. Most premium incentive companies tend to specialize: either in type of premiums offered or in types of accounts served.  For this reason, we suggest that 
  1113. <+">Mercury Sports<-"> explore the acquisition of several companies based both here and internationally in order to maximize all areas of our product line.  For example, as the table at left shows, Premium Sales of Oglala, WI does a volume business in monog
  1114. rammed athletic shoes.  This would be an ideal outlet for our FlyWings running shoe, as well as our Baby FlyWings line for children.  Premium Sales is an established vendor both in the U.S. and Canada, as well as in the Common Market and the Far East.  Corp
  1115. orate Incentives of Canada specializes in garment bags and luggage for the discerning traveler.
  1116.  
  1117. @Subhead@Takeover Timing
  1118.  
  1119. The Committee would like to recommend that the Board of Directors proceed as quickly as possible with these acquisitions.  Our revenue picture in sports equipment sales is strong right now, and we should be able to leverage this position to obtain financing
  1120.  capital from lenders.
  1121.  
  1122. We would like to propose the following topic for discussion at the Annual Meeting of the 
  1123. <**><+">Mercury Sports<-"> Board of Directors this coming September.  In light of the fact that sports equipment is experiencing a dramatic rise in use as a corporate premium, the New Business Group and the Alternate Channels Group have undertaken a three-m
  1124. onth study to explore the feasibility and profit potential of acquiring one or more premium incentive concerns as a built-in outlet for 
  1125. <+">Mercury Sports<-"> merchandise.  Beyond the obvious revenue increment that such acquisitions would generate, we would also achieve two other objectives for 
  1126. <+">Mercury Sports<-">: broadening our channels of distribution internationally and diversifying our holdings.
  1127.  
  1128. Most premium incentive companies tend to specialize: either in type of premiums offered or in types of accounts served.  For this reason, we suggest that 
  1129. <+">Mercury Sports<-"> explore the acquisition of several companies based both here and internationally in order to maximize all areas of our product line.  For example, as the table at left shows, Premium Sales of Oglala, WI does a volume business in monog
  1130. rammed athletic shoes.
  1131.  
  1132. >
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  1143. Q±V╫Q╞W╨gΓr▄v╫â╞â╗r▓jƒVÖK.┼ ╣ ª É φé Θt ┌l ╙] ╠N ║C ╖5 ¼' ¿ í ª ª² ª ¼² ║² ┼² ┼ ╠ ╠ q <⌐ _á_á_ád$0á_ê]kQV=S2E*</&    φ
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                           ²                             ?√ ²                                     ⁿ                            °?├ ±                                     ⁿs                             ?√ ²                                                              ÇpÇ8                           ²n                        òUuUWòyU^UUUUUUUUUU                           ²                        ƒ   ⁿ┴ ≡                                     ²n                        ƒ    ƒ∙ ■                                                              └Ç8                          ■                        ╧    ƒ∙ ■         ⁿ                          ■                        ╧   ⁿ┴ ≡         ⁿ                                                   ╧    ƒ∙ ■         ⁿ                          ²                        └?Çx▐                          ■                        ┼UUU@y@UUUUUUUUUP                                                   ╧   └üα          ≡                                                   ╧    ƒ∙ ■         ≡                                                   α?Çp?■                           ■a                        τ   └?≤└>         ┴                           ²                        τ   └?â└         ┴                           ²                        τ    ┐≤ ■         ┴                           ⁿ                        α└αÿ                           ⁿ                        σUUUσUUUUUUUUU                                                    τ   ÇÇ                                    ²                        τ    ▀τ ÿ                                    ■                        ≡┴α É                           ⁿ                         ≤   Çτ        ⁿ                           ■7                        ≤   Ç        ⁿ                           ⁿ                        ≤    ╧τ ô        ⁿ                                                    ≡π┴ Ç■                           ²                        ±UUU─UUUUUTUP └`°                    ■                        ≤   Ç 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■ÇÇ                    ⁿ                        ■ ■Ç@ ■ÇÇ                    ⁿF                        ■   ° ■ ∙  ∩  ╧≈ ⁿ  ≈  Å                    ²                        ■ ⁿ ■?Ç■?τ ╧≈ ° ≤²                     ²                        ■UUT@■                    ²                        ■ ■@■                    ⁿ                        ■   ² ■Ç■?∩ ╧≈ ° ≤²                     ⁿ                          ² ■Çⁿτ■Åτ °■≤ ■?                    ⁿ                         ? ■ⁿ?                    ⁿ                         ? ■ⁿ?                    ■                         ?   ² ■Çⁿ∩■Åτ °■≤ ■?                    ■                            ■Çⁿ∩°Åτ ∙■≤ ⁿ                    ⁿ                         UTT@ⁿx                    ²                         ? ■Ç■α8ⁿx                    ⁿ                         ?     ■ ƒ ⁿ ∩°8Åτ ∙■≤ ⁿ                    ⁿ                         Ç   ⁿⁿ╧≡τ ∙■π °                     ²                          ƒ ⁿÇ?■ααⁿp                                               ƒ ⁿÇ?■ααⁿp                     ⁿ                         ƒ     ⁿ ? ² ╧±ατ ∙■π °                     ⁿ                             Ç²  ⁿ°?▀└▀∩ ±ⁿπ ±                     ⁿ                         òUTT@└°@                     ■                         ƒ ⁿÇ?ⁿ└ü└°@                     ■                         ƒ  ²  ⁿ ? ∙ ▀├ü▀∩ ±ⁿπ ±                     ⁿ                         └ⁿ ≈ⁿ  π  ▀└ ╧ ≤  ╟ ≤                     ⁿ                         ╧ ⁿα°                     ⁿ                         ╧ ⁿα°                     ■                         ╧  ² ≈ⁿ     ▀╞ ╧ ≤  ╟ ≤                     ■                         └ⁿ τ°  π  ?└ ╧ ≤  ╟ τ                     ⁿ                         ┼UPα°                     ²                         ╧ °α°                     ⁿ                         ╧  ² τ∙     ?╚ ╧ ≤  ╟ τ                     ⁿ                         α°ç°  ╟ ■?Ç ╧ π   ╧                     ⁿ                         τ °Ç└°Ç                     ⁿ                         τ °Ç└°Ç                     ⁿ                         τ  ∙ ç∙  ╧ ■?Ç ╧ π   ╧                     ⁿ                         α°°  ╟ ⁿ?ü  ╧ τ ■? ƒ                     ⁿ                         σUP └≡?Ç                     ⁿ                         τ °Ç └≡?Ç                     ⁿ                         τ  ∙ ∙  ╧ ⁿ?ü  ╧ τ ■? ƒ                     ⁿ                         ≡°>±  ç °?ç  ƒ τ ■ ┐                     ⁿ                         ≤ ≡└@ └≡Ç?                     ⁿ                         ≤ ≡└@ └≡Ç?                     ⁿ                         ≤  √■≤  Å °ç  ƒ τ ■ ┐                     ⁿ                         ≡≡<±  Å ⁿ?ƒ  ƒ ╟∙   ?                     ■                         ±UP@@ └≡ Ç?                     ⁿ                         ≤ ≡└0└ └≡ Ç?                     ■                         ≤  ≤ⁿ?≤  ƒ ² ƒ  ƒ ╟∙   ?                     ⁿ                         °≡±ⁿ≤ⁿ?┐  ƒ ╟≡  ?                     ⁿ                         ∙ ≡αp└? Çα?                                               ∙ ≡αp└? Çα?                     ■                         ∙  ≤°≤ⁿ≤² ┐  ƒ ╟≡  ?                                               °≡≤°ß■?┐  ƒ ╧±                                                 ∙UPP@UP@? Ç└                                               ∙ ≡≡α ≡└? Ç└                     ⁿ                         ∙  ≤≡ ≤°  ß■ ┐  ƒ ╧±                       ⁿ                         ⁿ≡π°ß■?┐  ┐ ╧≤ ?■                     ²
  1155.                          ⁿ α∙α α?∙Ç?└Ç?                      .                         ⁿ α∙α α?∙Ç?└Ç?                     ²=                         ⁿ  ≈∙ τ∙  τ■?┐  ┐ ╧≤ ?■                      e                         ⁿαπ°ß■?ƒ ┐ ƒ≤ ?■                      t                         ⁿU@U@U@ß?ÇÇ?                      s                         ⁿ α α αß?ÇÇ?                     ■                          ⁿ  τ  τ∙  ∩■?ƒ ┐ ƒ≤ ?■                     ²r                         ■απ≡ß■? ■  ƒπ ┐■                      r                         ■α α αÇ>                                                ■α α αÇ>                     ⁿA                         ■ τ  τ±  ∩■? ■  ƒπ ┐■                                                ■?α?╟  └■ ⁿ  π ┐ⁿ                                                 ■U@U@@`@Ç>                                                 ■└ └α`@Ç>                                                 ■ τ  ╟   ╧■ ⁿ  π ┐ⁿ                                                  ?└?╟  ?└■ ⁿ ■?τ ┐ⁿ                      ²o                          ?└ └└`@0Ç>                       ?                          ?└ └└`@0Ç>                       k                          ? ╧  ╧   ╧■ ⁿ ■?τ ┐ⁿ                                                  ?└?╟  ?└ w ⁿ  ⁿ?τ ┐ⁿ                                                  @U@p└0Ç>                      ²l                          ?└ └p└0Ç>                      ⁿw                          ? ╧  ╧  ?▄ w ⁿ  ⁿ?τ ┐ⁿ                      ²e                          Ç?└?╟ ■?└ { °  ° ╟ ƒ°                      ■d                          ƒ└ └xααÇ                                                  ƒ└ └xααÇ                       l                          ƒ ╧  ╧ ■?╪ { °  ° ╟ ƒ°                      ⁿe                          ÇÇÅ ■Ç } α  ± ╟ ƒ∙                                                  òU|≡α└                                                  ƒÇ Ç|≡α└                      ■e                          ƒ Å  Å ■Ç } α  ± ╟ ƒ∙                                                  └ÇÅ ■ü ~ â∙ °α                       ⁿ                          ╧Ç Ç~°°α                       h                          ╧Ç Ç~°°α                       ≤                          ╧ ƒ  ƒ ■ü ~ â∙ °α                       π                          └└?Ç■°α                        τ                          ┼@U@@└?Ç■°α                       ⁿF                          ╧α α`└?Ç■°α                       ⁿo                          ╧α α`└?Ç■°α                        ?                          α  └? α?                           ²n                          τ       °  └? α?                           ■e                          τ       °  └? α?                            r                          τ       °  └? α?                           ²                           α ü                                ²                           σUUUUUUU@                                  ²                           τ       α                                                              τ       α                                                              ≡ ⁿ                                ²                           ≤       Ç                                   ⁿA                          ≤       Ç                                                               ≤       Ç                                                               ≡└ °                                                           ±UUUUT  ╬                               ²n                          ≤      ■  ╬                                ,                          ≤      ■  ╬                               ²v                          °  ° ≡                                o                          ∙   °                                                            ∙      °                                 ⁿ                           ∙      °                                 ■a                          ° α°? └@   ⁿ                                                        ∙U@U@? ⁿ<                                                         ∙   α  α? ⁿ|                                                            ∙   α  α? ⁿ|                                                            ⁿ └°  ┴ °                                                        ⁿ■ └ ≡8°                             ■                           ⁿ  └  └  ∙°                              ²t                          ⁿ  └  └  ∙°                              ²,                          ⁿ°α  Ç ß                            ⁿi                          ⁿPPU wα ²                            ⁿa                          ⁿ ° ∩   ≈α ²                                                        ⁿ ° ∩   ≈α ²                                                        ■Ç└ ⁿ     α └                           ⁿ                          ■?αⁿ°gÅ α                                                          ■Ç? ╧ⁿ ⁿgÅ α                              ⁿ                          ■Ç? ╧ⁿ ⁿgÅ α                              ⁿ                           ⁿ> └0  ⁿa                                                       ≡U@PÇd?                               ⁿ                           ⁿ ■≡ └d?                               ⁿ                           ⁿ ■≡ └d?                                                            α°■ç≡|<|                           ⁿ                          └ ?└|≈    α                            ⁿ                           α °?└■≈    α                                                         α °?└■≈    α                            ⁿ                          ⁿ≡ α?çα8>                           ⁿ                         ■UTUÇ?    ┐╟■                                                       ⁿ  ±  α?    ┐╟■                           ⁿ                          ⁿ  ±  α?    ┐╟■                                                       ≡└  ├└,                                                      ° ⁿⁿ √ ▄∩ ▀■                           ⁿ                          ≡  ╟ⁿ  √ ▄∩ ▀■                           ⁿ                          ≡  ╟ⁿ  √ ▄∩ ▀■                           ²                          âÇÇα√├Ç<                                                      αòUPP  ∙¥╧≈┐ⁿ                           ²                          âƒ  Å≡α  ∙¥╧≈┐ⁿ                           ²                          âƒ  Å≡α  ∙¥╧≈┐ⁿ                           ⁿ                         ■└  ┴ßÇH                           ²                         └╧ ≡?└  ²≤╗▀ ß                                                      ■╧  ?┴   ²≤╗▀ ß                           ²                         ■╧  ?┴   ²≤╗▀ ß                                                     °└ⁿ Çß                                                     ■┼U@U ⁿ²τ√╜εç                           ⁿ                         °╧ ■ⁿ ⁿ²τ√╜εç                           ²                         °╧ ■ⁿ ⁿ²τ√╜εç                           ²n                         ± α â  ü└└?                           ²                        ≡ τ ßⁿ  ±²∩g{╠²                            ²                         ± τ ²² â  ±²∩g{╠²                            ⁿl                         ± τ ²² â  ±²∩g{╠²                            ⁿ                         Å α8°?  çÇα                           ⁿ                        Ç σUE@?  ≈√■■π █▀                           ⁿ                         Å τ   °?  ≈√■■π █▀                                                      Å τ   °?  ≈√■■π █▀                           ⁿ                        ⁿ ≡? Ç   Çα                           ⁿ                         Ç ≤ Ç    ≈²ⁿτ ƒƒ                           ⁿH                        ⁿ ≤ ┐ Ç    ≈²ⁿτ ƒƒ                           ⁿ                        ⁿ ≤ ┐ Ç    ≈²ⁿτ ƒƒ                           ■                        â  ≡?°   └≡`?                           ⁿ                        â  ±U    τπ∙╧■┐                           ⁿ                        â  ≤ ┐°    τπ∙╧■┐                           ⁿ                        â  ≤ ┐°    τπ∙╧■┐                           ²                         Å  °   αÅ╟∙≡                           ⁿ                        Å  ∙ Ç   αÅ╟∙≡                           ⁿ                        Å  ∙ Ç   αÅ╟∙≡                           ²l                        Å  ∙ Ç   αÅ╟∙≡                           ⁿ                           °     └                                 ⁿl                           ∙U@     ⁿ                                 ⁿ                           ∙ └     ⁿ                                 ■                            ∙ └     ⁿ                                 ■s                           ⁿ?     ┴                                                              ⁿ α?     ∙                                 ²
  1156.                            ⁿ α?     ∙                                 ■o                           ⁿ α?     ∙                                 ⁿ[                           ⁿ      â                                  f                           ⁿU      √                                 ■                               ⁿ Ç      √                                                              ⁿ Ç      √                                 ⁿ                           ■      ç                                 ⁿ                           ■~      ≈                                                              ■~      ≈                                 ⁿ                           ■~      ≈                                 ⁿ                           ■                                       ⁿ                           ■P      ≈                                                             ■x      ≈                                                              ■x      ≈                                                                    ■                                 ⁿ                                   ∩                                 ⁿ                                   ∩                                 ²                                   ∩                                 ⁿ                                                                   ■                                  ▀                                 ■                                  ▀                                 ⁿ                                  ▀                                                              ü       ƒ                                 ⁿ                            ü       ƒ                                                               ü       ƒ                                 ■                            ü       ƒ                                 ⁿ                            ç                                         ²                            ç                                         ⁿ$                            ç                                         ⁿ                            ç                                         ⁿ                            ▀                                                                      ▀                                                                      ▀                                         ⁿ$                            ▀                                         ⁿ
  1157. [Embedded]
  1158. 8 .wmf 10296 11282 21578 27090 
  1159. 00048670
  1160.