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JOHNSON OUTDOORS INC

For the period ended Dec 27, 2024. Filed Feb 3, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 27, 2024 · Filed Feb 3, 2025

JOUT$47.91+1.3%Stored close · as of Nov 9, 2026

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Item 5. Other Information

(a) Matters Required to be Disclosed on a Form 8-K.

Item 1.01 of Form 8-K: Effective as of January 29, 2025, the Company and certain of its subsidiaries entered into a Second Amendment to Amended and Restated Credit Agreement dated as of January 29, 2025 among the Company, certain of the Company’s subsidiaries named therein, PNC Bank, National Association, as lender and as administrative agent, PNC Capital Markets LLC, as sole lead arranger and bookrunner, and the other lender named therein (the “Second Amendment”). The Second Amendment amends the Company’s Amended and Restated Credit Agreement dated as of November 15, 2017, as previously amended, among the Company, certain of the Company’s subsidiaries named therein, PNC Bank, National Association, as lender and as administrative agent, PNC Capital Markets LLC, as sole lead arranger and bookrunner, and the other lender named therein (as amended, the “Revolving Credit Agreement” or “Revolver” or the “Credit Agreement”). The Second Amendment contains the following changes to the Revolver which are only effective until the earlier of (1) the Company’s compliance with both a 3.00x maximum leverage ratio and a 3.50x minimum interest coverage ratio for the trailing twelve month period or (2) delivery of the Company’s fiscal 2025 financial statements and compliance certificate (the “Second Amendment Period”):

suspension of application of the maximum leverage and minimum interest coverage ratios during the Second Amendment Period;

the Company and its subsidiaries must maintain a $50,000 minimum cash balance;

acquisition, dividends, repurchases and distributions permitted, provided the Company and its subsidiaries maintain a $50,000 minimum cash balance;

monthly financial reporting if the facility availability is less than or equal to 95%; and

the granting of a security interest in the Company’s personal property assets if the facility availability is less than or equal to 95%.

During the Second Amendment Period, the interest rate on borrowings under the Revolver will equal SOFR plus a 1.75% applicable margin. This description of the Second Amendment and the Credit Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the original Credit Agreement (a copy of which was filed as Exhibit 99.1 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on November 20, 2017), the First Amendment (a copy of which was filed as Exhibit 10.1 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on July 16, 2021) and the Second Amendment, a copy of which is attached hereto as Exhibit 10.1, and which is incorporated herein by reference.

(c) Trading Plans.

During the three month period ended December 27, 2024, no director or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K, nor did the Company during such fiscal quarter adopt or terminate any “Rule 10b5-1 trading arrangement”.

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