| Ticker: MGX | 15320 Barranca Parkway | |
| Exchange: New York Stock Exchange | Irvine, California 92718 | |
| Industry: Manufacturing | (714) 453-1300 |
| Type of Shares: | Common Shares | Filing Date: | 12/20/95 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 2/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 2,000,000 | Gross Spread: | $1.26 | |
| Offering Amount: | $60,000,000 | Selling: | $0.74 | |
| Expenses: | $1,100,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,000,000 |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $71.96 | Assets: | $17.16 | ||
| Net Income: | $11.51 | Liabilities: | $3.13 | ||
| EPS: | $0.84 | Equity: | $14.04 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, sources and markets a lifestyle collection of men's activewear and designer sportswear bearing Mossimo trademarks that projects the company's image of a contemporary and youthful lifestyle. The company's men's apparel line includes tee shirts, shorts, sweatshirts, denim products, knit and woven shirts, and outerwear. The company also designs, sources and markets men's and women's eyewear and licenses its trademarks for use in collections of women's swimwear and bodywear and men's and women's accessories. Mossimo products are characterized by quality workmanship and innovative designs and are targeted towards the culturally conscious, youthful-minded consumer generally age 35 or under. The company began operations in 1987 as a designer and marker of activewear, primarily volley shorts and tee shirts. since then, Mossimo products have been expanded to include a lifestyle collection of designer sportwear and related products through in-house development, marketing and distribution and through a closely managed domestic and international licensing program. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce debt and for other general corporate purposes, including the construction of in-store shops, equipment for a new headquarters expected to be leased by the company beginning in early 1997 and tenant improvements. |
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