| Filed pursuant to Rule 424(b)(3) Commission File No. 333-87868 |
PROSPECTUS SUPPLEMENT DATED
AUGUST 13, 2002
(TO PROSPECTUS DATED JULY 18, 2002)
SKECHERS U.S.A., INC.
4.50% Convertible Subordinated Notes due April 15, 2007
and the Class A common stock issuable upon conversion of the notes
This Prospectus Supplement supplements the Prospectus dated July 18, 2002 (the “Prospectus”) of Skechers U.S.A., Inc. (“Skechers”) relating to the public offering, which is not being underwritten, and sale by certain noteholders of Skechers or by pledges, donees, transferees or other successors in interest that receive such notes as a gift, partnership distribution or other non-sale related transfer (the “Selling Securityholders”) of up to $90,000,000 of 4.50% convertible subordinated notes of Skechers (the “Notes”). This Prospectus Supplement should be read in conjunction with the Prospectus, and this Prospectus Supplement is qualified by reference to the Prospectus except to the extent that information herein contained supersedes the information contained in the Prospectus. Capitalized terms used in this Prospectus Supplement and not otherwise defined herein have the meanings specified in the Prospectus.
SELLING SECURITYHOLDERS
The table of Selling Securityholders in the Prospectus is hereby amended to replace the previously filed information with the following:
| Principal Amount | ||||||||||||||||
| at Maturity of | Number of Shares | |||||||||||||||
| Notes Beneficially | of Class A Common | Percentage of Class | ||||||||||||||
| Owned That May | Percentage of | Stock That May be | A Common Stock | |||||||||||||
| Name(1) | be Sold | Notes Outstanding | Sold(2) | Outstanding(3) | ||||||||||||
AIG DKR SoundShore
Opportunity Holding Fund
Ltd. |
$ | 4,500,000 | 5.0 | % | 173,290 | 1.0 | % | |||||||||
Akela
Capital Master Fund, Ltd. |
2,000,000 | 2.2 | 77,017 | * | ||||||||||||
Alexandra
Global Investment Fund I, Ltd. |
7,500,000 | 8.3 | 288,817 | 1.6 | ||||||||||||
Allstate
Insurance Company |
500,000 | 0.6 | 19,254 | * | ||||||||||||
Allstate
Life Insurance Company |
300,000 | 0.3 | 11,552 | * | ||||||||||||
Bancroft
Convertible Fund, Inc. |
500,000 | 0.6 | 19,254 | * | ||||||||||||
BNP
Paribas Equity Strategies, SNC |
2,600,000 | 2.9 | 100,123 | * | ||||||||||||
Calamos®
Convertible Fund — Calamos® Investment Trust |
4,900,000 | 5.4 | 188,693 | 1.1 | ||||||||||||
Calamos®
Convertible Growth and Income Fund — Calamos® Investment
Trust |
6,300,000 | 7.0 | 242,606 | 1.4 | ||||||||||||
Calamos®
Convertible Portfolio — Calamos® Advisors Trust |
170,000 | 0.2 | 6,546 | * | ||||||||||||
Calamos®
Market Neutral Fund — Calamos® Investment Trust |
3,000,000 | 3.3 | 115,526 | * | ||||||||||||
CIBC
WG (International) Arbitrage Corp. |
4,000,000 | 4.4 | 154,035 | * | ||||||||||||
CIBC World Markets Corp. |
2,950,000 | 3.3 | 113,601 | * | ||||||||||||
Clinton
Convertible Managed Trading Account I Limited |
970,000 | 1.1 | 37,353 | * | ||||||||||||
Clinton
Multistrategy Master Fund, Ltd. |
3,515,000 | 3.9 | 135,358 | * | ||||||||||||
Clinton
Riverside Convertible Portfolio Limited |
3,515,000 | 3.9 | 135,358 | * | ||||||||||||
Coastal
Convertibles Ltd. |
1,000,000 | 1.1 | 38,508 | * | ||||||||||||
Colgate-Palmolive
Company Retirement Trust |
1,000,000 | 1.1 | 38,508 | * | ||||||||||||
Consulting
Group Capital Markets Fund |
750,000 | 0.8 | 28,881 | * | ||||||||||||
Cooper Neff Convertible
Strategies (Cayman)
Master Fund, L.P. |
1,068,000 | 1.2 | 41,127 | * | ||||||||||||
Ellsworth
Convertible Growth and Income Fund, Inc. |
500,000 | 0.6 | 19,254 | * | ||||||||||||
JMG
Capital Partners, LP |
500,000 | 0.6 | 19,254 | * | ||||||||||||
JMG
Triton Offshore Fund, Ltd. |
500,000 | 0.6 | 19,254 | * | ||||||||||||
JP
Morgan Securities Inc. |
8,250,000 | 9.2 | 317,698 | 1.8 | ||||||||||||
KBC
Financial Products (Cayman Islands) Ltd. |
3,500,000 | 3.9 | 134,781 | * | ||||||||||||
Marathon
Global Convertible Master Fund, Ltd. |
4,000,000 | 4.4 | 154,035 | * | ||||||||||||
Oakwood
Assurance Company |
1,000,000 | 0.1 | 3,850 | * | ||||||||||||
Oakwood
Healthcare Inc. Endowment |
15,000 | 0.0 | 577 | * | ||||||||||||
Oakwood
Healthcare Inc. — CHP |
25,000 | 0.0 | 962 | * | ||||||||||||
Oakwood
Healthcare Inc. (Pension) |
325,000 | 0.4 | 12,515 | * | ||||||||||||
Oakwood
Healthcare Inc. Funded Depreciation |
165,000 | 0.2 | 6,353 | * | ||||||||||||
Portside
Growth & Opportunity Fund |
2,000,000 | 2.2 | 77,018 | * | ||||||||||||
Sturgeon Limited |
332,000 | 0.4 | 12,784 | * | ||||||||||||
UBS
O’Connor LLC F/B/O UBS Global Equity Arbitrage Master Ltd. |
3,000,000 | 3.3 | 115,526 | * | ||||||||||||
Wachovia
Bank N.A. |
8,250,000 | 9.2 | 317,698 | 1.8 | ||||||||||||
Whitebox
Convertible Arbitrate Partners LP |
7,000,000 | 7.8 | 269,562 | 1.5 | ||||||||||||
Zurich
Institutional Benchmark Master Fund Ltd. |
500,000 | 0.6 | 19,254 | * | ||||||||||||
| * | Less than 1% | |
| (1) | Assumes that any other holders of Notes, or any future transferees, pledges, donees or successors of or from any such other holders of Notes, do not beneficially own any Class A common stock other than the Class A common stock issuable upon conversion of the Notes at the initial conversion rate. | |
| (2) | Assumes conversion of all of the holder’s Notes at a conversion price of approximately $25.9680 per share of Class A common stock. However, this conversion price will be subject to adjustment as described in the Prospectus under “Description of Notes — Conversion Rights.” As a result, the number of shares of Class A common stock issuable upon conversion of the Notes may increase or decrease in the future. | |
| (3) | Calculated based on Rule 13d-3(d)(1)(i) of the Exchange Act using 17,317,145 shares of Class A common stock outstanding as of May 31, 2002. In calculating this amount, we treated as outstanding the number of shares of Class A common stock issuable upon conversion of all of that particular holder’s Notes. However, we did not assume the conversion of any other holder’s Notes. |