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K2 Corp

BUSINESS
December 30, 1998 | LESLIE EARNEST, TIMES STAFF WRITER
Bill Sharp, who helped transform Katin Inc. surf wear from a storefront operation into a multimillion-dollar business, said Tuesday that he has resigned as president of the Costa Mesa-based company, a title he has held since 1990. He declined to say why he left Katin, which was purchased last year by Los Angeles-based ski and snowboard maker K2 Inc. "I am going to be pursuing other opportunities," he said.
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BUSINESS
October 14, 1998 | Bloomberg News
K2 Inc. shares fell 30% after the sporting goods company warned of lower-than-expected third-quarter earnings because of poor sales of its expensive bicycles. Shares of the maker of skis, snowboards, in-line skates and other sporting goods fell $4.31 to close at $9.88 on the New York Stock Exchange. Earlier, shares touched $7.75, a 52-week low. K2 said poor sales of its high-end, full-suspension bicycles led it to cut prices, eroding margins.
CALIFORNIA | LOCAL
April 1, 1998 | YUNG KIM, TIMES STAFF WRITER
A Carlsbad man won $50,000 Tuesday for riding a wave nearly 50 feet high in a contest sponsored by K2, a Costa Mesa sports equipment maker. Taylor Knox, 26, caught the winning wave in February off the Mexican coast. Despite being a former U.S. Tour champion and the 19th ranked surfer on the world pro tour, Knox said that riding the biggest wave of the winter came down to a simple thing: holding on.
BUSINESS
March 19, 1998 | RUSS STANTON and DAVID REYES, TIMES STAFF WRITERS
It has become the talk of the surfing world. Did Taylor Knox ride the ultimate wave when he successfully navigated an estimated 48-foot monster off Ensenada last month? Or did Peter Mel catch the biggest giant barrel at Half Moon Bay in January? Normally, battles like this are for nothing more than bragging rights. But in this case, the winner gets a cool $50,000. It's all part of a clever advertising campaign by ski and snowboard maker K2 Inc.
BUSINESS
March 19, 1998 | RUSS STANTON, TIMES STAFF WRITER
Ski and snowboard maker K2 Inc. is heading for the beach. Beginning next month, shorts, shirts and caps emblazoned with the K2 logo will begin appearing in Southland surf shops as the company takes a risk almost as big as some of the extreme sports athletes it outfits. The Los Angeles sports-equipment maker is using last year's acquisition of Katin USA in Costa Mesa as a springboard into the $1.7-billion surf-wear industry.
BUSINESS
March 19, 1998 | RUSS STANTON, TIMES STAFF WRITER
Ski and snowboard maker K2 is heading for the beach. Beginning next month, shorts, shirts and caps emblazoned with the K2 logo will begin appearing in Southland surf shops as the company takes a risk almost as big as those taken by some of the extreme sports athletes it outfits. The Los Angeles sports equipment maker is using last year's acquisition of Katin USA in Costa Mesa as a springboard into the $1.7-billion surf wear industry.
BUSINESS
October 25, 1997 | PATRICE APODACA, TIMES STAFF WRITER
Ski equipment giant K2 Inc., hoping to capture more business from sporting enthusiasts, has acquired Katin USA Inc., a well-known Costa Mesa surf wear company with roots dating back to the early days of the Southern California surf scene. Katin was sold this week to Los Angeles-based K2 by Bill Sharp and Rick Lohr for an undisclosed amount. The pair will remain with Katin as president and vice president, respectively.
BUSINESS
January 3, 1995 | LESLIE HELM, TIMES STAFF WRITER
"Aaahhhhh, I'm a mass of atoms," screams extreme skier Glen Plake, star of K2's latest television spot. As Plake hurls into the air, his 17-inch Mohawk slices through flying snow, and an atom bomb produces a mushroom cloud. Back at the K2 factory, located on Vashon Island in Puget Sound, K2 Vice President Jim Bennett studies a series of charts that plot the dramatic improvements in efficiency and product quality the company has achieved in recent years.
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