1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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) MAY 21, 2001 SPALDING HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 333-14569 59-2439656 (State or other jurisdiction of (Commission (I.R.S. Employer Incorporation or Organization) File Number) Identification No.) 425 MEADOW STREET, CHICOPEE, MASSACHUSETTS 01013 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (413) 536-1200 2 ITEM 5. OTHER EVENTS Spalding Holdings Corporation issued a press release dated May 15, 2001 to report financial results for the fiscal quarter ended March 31, 2001 ("2001 First Quarter"). ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) The following is filed as an Exhibit to this Report

~~SPALDING~~Exhibit HOLDINGS CORPORATION AND SUBSIDIARIES CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS FOR THE THREE FISCAL MONTHS AND THE YEARS ENDED DECEMBER 31, 2000 AND 1999 (DOLLAR AMOUNTS IN THOUSANDS) (UNAUDITED) THREE FISCAL MONTHS ENDED YEARS ENDED ------------ ----------- DECNo. ~~31,~~Description ~~DEC. 31, DEC. 31, DEC. 31, 2000 1999 2000 1999 ---- ---- ---- ---- NET SALES......................................................... $92,380 $97,332 $408,873 $431,172 Cost~~ of ~~sales..................................................~~Exhibit ~~47,432 52,836 200,199 249,729 ------- ------- -------- -------- GROSS PROFIT~~99.~~.....................................................~~1 ~~44,948~~Press ~~44,496~~release ~~208,674~~announcing ~~181,443~~2001 ~~Selling,~~First ~~general~~Quarter and administrative expenses................... 40,722 42,611 182,961 177,490 Royalty income, net............................................ (3,867) (3,168) (12,804) (11,373) Restructuring and other unusual costs.......................... - 330 - 812 ------- ------- -------- -------- INCOME FROM OPERATIONS............................................ 8,093 4,723 38,517 14,514 Interest expense, net.......................................... 15,720 13,271 60,427 54,970 Currency loss (gain), net...................................... 592 (212) 3,581 (543) Equity in net loss of Evenflo Company, Inc..................... - - - 248 ------- ------- -------- -------- LOSS BEFORE INCOME TAXES AND EXTRAORDINARY LOSS................... (8,219) (8,336) (25,491) (40,161) Income tax provision (benefit)................................. 154 (2,326) (5,485) (13,100) LOSS BEFORE EXTRAORDINARY LOSS.................................... (8,373) (6,010) (20,006) (27,061) Extraordinary loss............................................. - 260 - 260 ------- ------- -------- -------- NET LOSS ......................................................... $(8,373) $(6,270) $(20,006) $(27,321) ======= ======= ======== ========Results

3 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, thereunto duly authorized. Spalding Holdings Corporation (Registrant) By: /s/ Daniel S. Frey ----------------------------------------- Daniel Frey Chief Financial Officer (an officer and authorized signatory) Date: May 21, 2001

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