BRUNSWICK CORPORATION (NYSE:BC) Files An 8-K Costs Associated with Exit or Disposal ActivitiesItem 2.05.Costs Associated with Exit of Disposal Activities
On December 5, 2017, the Board of Directors of Brunswick Corporation (the "Company") authorized the Company to exit its Sea Ray businesses, including the Meridian brand, as a result of, among other things, a change in strategic direction and a review of the expected future cash flows, market conditions and business trends.The decision to exit will result in these businesses being accounted for as discontinued operations. The Company expects that it will incur a loss and resulting charge in connection with the sale of these businesses. As the Company is very early in the sale process, it is unable to make an estimate of the amount, or range of amounts, of the charge at this time.
Item 9.01.Financial Statements and Exhibits.
BRUNSWICK CORP ExhibitEX-99.01 2 exhibit99_1searaydispositi.htm NEWS RELEASE Exhibit Brunswick Corporation 26125 N. Riverwoods Blvd.,…To view the full exhibit click
About BRUNSWICK CORPORATION (NYSE:BC)
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world. The Boat segment designs, manufactures and markets fiberglass pleasure boats, offshore fishing boats, yachts and sport yachts, aluminum fishing boats, pontoon boats, deck boats and inflatable boats. The Fitness segment designs, manufactures and markets fitness equipment, including treadmills, total body cross-trainers, stair climbers, stationary bikes and strength-training equipment, as well as billiards tables and accessories.