Business Context and Reporting Period
This Form 8-K Current Report was filed by Brunswick Corporation on July 30, 2004. The report addresses a temporary suspension of trading under the company's employee benefit plans, specifically related to the scheduled termination of the Brunswick Employee Stock Ownership Plan (BESOP).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a corporate governance event rather than a financial performance statement.
Material Changes
There are no material changes to financial performance reported. The material event is the implementation of a "blackout period" for specific employee benefit plans to facilitate the transfer of BESOP balances to the ESOP Company Stock Fund.
Guidance, Outlook, and Risks
Trading Suspension Details:
- Period: September 15, 2004, at 9 a.m. Eastern Time through September 22, 2004, at 4 p.m. Eastern Time.
- Affected Plans: The Brunswick Retirement Savings Plan, The Brunswick Rewards Plan, and The Brunswick Rewards Plan With Variable Profit Sharing.
- Restricted Transactions: Loan transactions, distributions (including hardship withdrawals), fund election and contribution changes, and fund transfers and reallocations.
Regulatory Compliance:
The suspension qualifies as a "blackout period" under Regulation BTR (Section 306(a)(3) of the Sarbanes-Oxley Act of 2002). Notice was provided to the Brunswick Benefits Administration Committee, affected participants, beneficiaries, directors, and executive officers.
Key Facts for Investor Verification
- Verify the exact dates of the trading blackout (September 15–22, 2004) to ensure compliance with internal trading policies.
- Confirm that the suspension applies only to the ESOP Company Stock Fund within the specified plans and does not affect other investment options.
- Note that the suspension is driven by the scheduled end of the BESOP and the subsequent transfer of assets.
- Contact information for inquiries is listed as Kristin M. Coleman, Associate General Counsel.