<SEC-DOCUMENT>0000950157-19-000745.txt : 20190628
<SEC-HEADER>0000950157-19-000745.hdr.sgml : 20190628
<ACCEPTANCE-DATETIME>20190628171328
ACCESSION NUMBER:		0000950157-19-000745
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190627
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190628
DATE AS OF CHANGE:		20190628

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRUNSWICK CORP
		CENTRAL INDEX KEY:			0000014930
		STANDARD INDUSTRIAL CLASSIFICATION:	ENGINES & TURBINES [3510]
		IRS NUMBER:				360848180
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01043
		FILM NUMBER:		19930387

	BUSINESS ADDRESS:	
		STREET 1:		26125 N. RIVERWOODS BLVD. SUITE 500
		CITY:			METTAWA
		STATE:			IL
		ZIP:			60045-3420
		BUSINESS PHONE:		8477354700

	MAIL ADDRESS:	
		STREET 1:		26125 N. RIVERWOODS BLVD. SUITE 500
		CITY:			METTAWA
		STATE:			IL
		ZIP:			60045-3420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRUNSWICK BALKE COLLENDER CO
		DATE OF NAME CHANGE:	19660919
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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    <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center;"><font style="font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center;"><font style="font-weight: bold;">WASHINGTON, DC 20549</font></div>
    <div style="text-align: center;"><font style="font-weight: bold;"> <br>
      </font></div>
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      <div style="text-align: center; font-weight: bold; font-size: 18pt;"><font style="font-size: 8pt;">&#160;</font><font style="font-size: 10pt;"> </font><br>
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      <div style="text-align: center; font-weight: bold; font-size: 18pt;">FORM 8-K</div>
      <div style="text-align: center; font-weight: bold; font-size: 18pt;"><font style="font-size: 8pt;">&#160; </font><br>
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    <div style="text-align: center;"><font style="font-weight: bold;">CURRENT REPORT</font></div>
    <div style="text-align: center;"><font style="font-weight: bold;">Pursuant to Section 13 or 15(d) of the</font></div>
    <div style="text-align: center;"><font style="font-weight: bold;">Securities Exchange Act of 1934</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;">Date of report (Date of earliest event reported):&#160; June 27, 2019</font></div>
    <div style="text-align: center;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><img src="image00002.jpg"><font style="font-weight: bold;"> </font></div>
    <div style="text-align: center;"><font style="font-weight: bold;">BRUNSWICK CORPORATION</font> </div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;">(Exact Name of Registrant Specified in Charter)</font></div>
    <div style="text-align: center;"><font style="font-weight: bold;"> <br>
      </font></div>
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      <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 15%; color: #000000; text-align: center;" align="center" noshade="noshade"> </div>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">Delaware</font></div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">001-01043</font></div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">36-0848180</font></div>
          </td>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">(State or Other</font></div>
            <div style="text-align: center;"><font style="font-weight: bold;">Jurisdiction of</font></div>
            <div style="text-align: center;"><font style="font-weight: bold;">Incorporation)</font></div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">(Commission File</font></div>
            <div style="text-align: center;"><font style="font-weight: bold;">Number)</font></div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">(I.R.S. Employer</font></div>
            <div style="text-align: center;"><font style="font-weight: bold;">Identification No.)</font></div>
          </td>
        </tr>

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          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">26125 N. Riverwoods Blvd. Suite 500<br>
                Mettawa, Illinois</font></div>
          </td>
          <td style="width: 40%; vertical-align: bottom;">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;">
            <div>&#160;</div>
            <div style="text-align: center;"><font style="font-weight: bold;">60045-3420</font></div>
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          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">(Address of Principal Executive Office)</font></div>
            <div>&#160;</div>
          </td>
          <td style="width: 40%; vertical-align: bottom;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">(Zip Code)</font></div>
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    <div style="text-align: center;"><font style="font-weight: bold;">Registrant&#8217;s telephone number, including area code: (847) 735-4700</font></div>
    <div><br>
    </div>
    <div>
      <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 15%; color: #000000; text-align: center;" align="center" noshade="noshade"></div>
    <div style="text-align: left;"> <br>
    </div>
    <div style="text-align: left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</div>
    <div>&#160;</div>
  </div>
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          <td style="width: 4%; vertical-align: top;">
            <div style="text-align: left;">&#9744;</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div style="text-align: left;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
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          <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 96%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">
            <div style="text-align: left;">&#9744;</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div style="text-align: left;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
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          <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 96%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;">&#9744;</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div style="text-align: left;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
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          <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 96%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">
            <div style="text-align: left;">&#9744;</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div style="text-align: left;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

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  <div>&#160;
    <div>
      <div style="text-align: center;">Securities registered pursuant to Section 12(b) of the Act:</div>
      <div style="text-align: center;"> <br>
      </div>
    </div>
    <div>
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              <div style="text-align: center;">Title of Each Class</div>
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            <td style="width: 4.17%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 18.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Trading Symbol</div>
            </td>
            <td style="width: 4.17%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 37.5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Name of Each Exchange on Which Registered</div>
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              <div style="text-align: center;">Common stock, par value $0.75 per share</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 18.75%; vertical-align: top;">
              <div style="text-align: center;">BC</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 37.5%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-style: italic;">New York Stock Exchange</font></div>
            </td>
          </tr>
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            <td style="width: 35.42%; vertical-align: top;">
              <div style="text-align: center;">6.500% Senior Notes due 2048</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 18.75%; vertical-align: top;">
              <div style="text-align: center;">BC-A</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 37.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 35.42%; vertical-align: top;">
              <div style="text-align: center;">6.625% Senior Notes due 2049</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 18.75%; vertical-align: top;">
              <div style="text-align: center;">BC-B</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 37.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 35.42%; vertical-align: top;">
              <div style="text-align: center;">6.375% Senior Notes due 2049</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 18.75%; vertical-align: top;">
              <div style="text-align: center;">BC-C</div>
            </td>
            <td style="width: 4.17%; vertical-align: top;">&#160;</td>
            <td style="width: 37.5%; vertical-align: top;">&#160;</td>
          </tr>

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    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
      of 1934 (&#167; 240.12b-2 of this chapter).</div>
    <div>&#160;</div>
    <div style="text-align: left; text-indent: 36pt;">Emerging growth company <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div>&#160;</div>
    <div style="text-align: left; text-indent: 36pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
      provided pursuant to Section 13(a) of the Securities Act. <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div>&#160;</div>
    <div>
      <div style="text-align: left;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font> No <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
      <div><br>
      </div>
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      <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"> </div>
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    <div style="text-align: left;"><font style="font-weight: bold;">ITEM 2.01</font><font style="font-weight: bold;"><font style="font-weight: bold;"> &#8211; </font>COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS</font></div>
    <div>&#160;</div>
    <div style="text-align: left;">On June 27, 2019, Brunswick Corporation, a Delaware corporation (&#8220;Brunswick&#8221; or the &#8220;Company&#8221;), completed the previously announced sale of all of the issued and outstanding equity interests of the companies which
      constitute Brunswick&#8217;s Fitness business to Lumos International Holdings B.V., a private company with limited liability (<font style="font-style: italic;">besloten vennootschap met beperkte aansprakelijkheid</font>) having its seat in Amsterdam
      (&#8220;Purchaser&#8221;), which is an affiliate of KPS Capital Partners, LP, for approximately $490 million in cash, on a cash-free, debt-free basis, subject to certain customary adjustments, as described in the Equity Purchase Agreement, dated May 5, 2019,
      between Brunswick and Purchaser (the &#8220;Purchase Agreement&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: left;">These descriptions of the Purchase Agreement and sale do not purport to be complete and are qualified in their entirety by reference to the Purchase Agreement.&#160; The Purchase Agreement was filed as Exhibit 2.1 to
      Brunswick&#8217;s Form 8-K filed on May 9, 2019.</div>
    <div>&#160;</div>
    <div style="text-align: left;">A copy of the press release announcing completion of the sale is furnished as Exhibit 99.1 hereto.</div>
    <div>&#160;</div>
    <div style="text-align: left;">The information contained in this Item 2.01 as well as in Exhibit 99.1 is furnished and shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;),
      or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of the Company&#8217;s filings under the Securities Act of 1933, as amended, or the Exchange Act.</div>
    <div>&#160;</div>
    <div style="text-align: left;"><font style="font-weight: bold;">Cautionary Note Regarding Forward-Looking Statements</font></div>
    <div>&#160;</div>
    <div style="text-align: left;">Certain statements in this report are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections about
      Brunswick&#8217;s business and by their nature address matters that are, to different degrees, uncertain. Words such as &#8220;may,&#8221; &#8220;could,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;target,&#8221; &#8220;plan,&#8221; &#8220;seek,&#8221; &#8220;estimate,&#8221; &#8220;believe,&#8221; &#8220;predict,&#8221; &#8220;outlook,&#8221; and similar expressions are
      intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of
      this report. These risks include, but are not limited to: the effect of adverse general economic conditions, including the amount of disposable income consumers have available for discretionary spending, tight consumer credit markets, and the level
      of consumer confidence on the demand for our products and services; our ability to successfully implement our strategic plan and growth initiatives; our ability to integrate acquisitions, including the Global Marine &amp; Mobile Business of Power
      Products; having to record an impairment to the value of goodwill and other assets; changes to U.S. trade policy and tariffs; the inability to identify and complete targeted acquisitions; the risk that strategic divestitures, including the Fitness
      sale, may not provide business benefits; the potential for disruption to our business in connection with the Fitness sale or Power Products acquisition, making it more difficult to maintain business and operational relationships; the risk that
      unexpected costs will be incurred in connection with these transactions; the possibility that the expected synergies and value creation from these transactions will not be realized or will not be realized within the expected time period; negative
      currency trends, including shifts in exchange rates; fiscal policy concerns; adequate financing access for dealers and customers and our ability to access capital and credit markets; maintaining effective distribution; adverse economic, credit, and
      capital market conditions; loss of key customers; attracting and retaining skilled labor and implementing succession plans for key leadership; inventory reductions by dealers, retailers, or independent boat builders; requirements for us to repurchase
      inventory; actual or anticipated increases in costs, disruptions of supply, or defects in raw materials, parts, or components we purchase from third parties, including as a result of new tariffs on raw materials, increased demand for shipping
      carriers, and transportation disruptions; higher energy and fuel costs; our ability to protect our brands and intellectual property; absorbing fixed costs in production; managing our manufacturing footprint; outages, breaches, or other cybersecurity
      events regarding our technology systems, which could result in lost or stolen information and associated remediation costs; our ability to meet pension funding obligations; managing our share repurchases; competitive pricing pressures; our ability to
      develop new and innovative products and services at a competitive price, in legal compliance with existing rules; maintaining product quality and service standards; product liability, warranty, and other claims risks; legal and regulatory compliance,
      including increased costs, fines, and reputational risks; changes in income tax legislation or enforcement; certain divisive shareholder activist actions; joint ventures that do not operate solely for our benefit; international business risks; and
      weather and catastrophic event risks.</div>
    <div><br>
    </div>
    <div style="text-align: left;">Additional risk factors are included in the Company&#8217;s Annual Report on Form 10-K for 2018.&#160; Forward-looking statements speak only as of the date on which they are made, and Brunswick does not undertake any obligation to
      update them to reflect events or circumstances after the date of this report or for changes by wire services or Internet service providers.</div>
    <div><br>
    </div>
    <div>&#160;</div>
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    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-weight: bold;">ITEM 9.01 &#8211; FINANCIAL STATEMENTS AND EXHIBITS</font></div>
    <div>&#160;</div>
    <div style="text-align: left;">(d) Exhibits</div>
    <div style="text-align: left;"> <br>
    </div>
  </div>
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          <td style="width: 15.22%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: left;"><font style="font-weight: bold;">Exhibit No.</font></div>
          </td>
          <td style="width: 2.62%; vertical-align: bottom;"><br>
          </td>
          <td style="width: 82.16%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: left;"><font style="font-weight: bold;">Description of Exhibit</font></div>
          </td>
        </tr>
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          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 2.62%; vertical-align: bottom;"><br>
          </td>
          <td style="width: 82.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.22%; vertical-align: top;">
            <div style="text-align: left;"><a href="ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 2.62%; vertical-align: bottom;"><a href="ex99-1.htm"><br>
            </a></td>
          <td style="width: 82.16%; vertical-align: top;">
            <div style="text-align: left;"><a href="ex99-1.htm">Press Release issued by Brunswick Corporation on June 27, 2019.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 2.62%; vertical-align: bottom;"><br>
          </td>
          <td rowspan="1" style="width: 82.16%; vertical-align: top;">&#160;</td>
        </tr>
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          <td rowspan="1" style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 2.62%; vertical-align: bottom;"><br>
          </td>
          <td rowspan="1" style="width: 82.16%; vertical-align: top;">&#160;</td>
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    <div style="text-align: center;"><font style="font-weight: bold;">SIGNATURES</font></div>
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    <div style="text-align: left; text-indent: 36pt;">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 hereunto duly authorized.</div>
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            <td colspan="3" valign="top"><font style="font-weight: bold; color: #000000;">BRUNSWICK CORPORATION</font></td>
            <td style="width: 12%;" valign="top">&#160;</td>
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            <td style="width: 3%;" valign="top">&#160;</td>
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              <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Date<font style="color: #000000;">:&#160; June 28, 2019</font></div>
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              <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">By: </div>
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            <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);" align="left" valign="top"><font style="color: #000000;">/s/ Christopher F. Dekker</font></td>
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            <td style="width: 31%;" align="left" valign="bottom"><font style="color: #000000;">Christopher F. Dekker</font></td>
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    <div style="text-align: left;"><font style="font-weight: bold;">EXHIBIT INDEX:</font></div>
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            <div style="text-align: left;"><font style="font-weight: bold;">Exhibit No.</font></div>
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            <div style="text-align: left;"><font style="font-weight: bold;">&#160;</font></div>
          </td>
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            <div style="text-align: left;"><font style="font-weight: bold;">Description of Exhibit</font></div>
          </td>
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          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 2.62%; vertical-align: bottom;">&#160;</td>
          <td style="width: 82.16%; vertical-align: top;">&#160;</td>
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          <td style="width: 15.22%; vertical-align: top;">
            <div style="text-align: left;">99.1</div>
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          <td style="width: 2.62%; vertical-align: bottom;">&#160;</td>
          <td style="width: 82.16%; vertical-align: top;">
            <div style="text-align: left;">Press Release issued by Brunswick Corporation on June 27, 2019.</div>
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  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
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  <div><font style="font-weight: bold;"> <br>
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              <div><font style="font-family: Arial;">&#160;<font style="font-size: 9pt;">Brunswick Corporation &#8226; 26125 N. Riverwoods Blvd., Mettawa, IL 60045</font></font>
                <div style="text-align: left; line-height: 1.15; font-family: Arial; font-size: 9pt;">&#160;Telephone 847.735.4700 &#8226; Facsimile 847.735.4750</div>
                <div style="text-align: left; line-height: 1.15; font-family: Arial;"><font style="font-size: 9pt; color: rgb(0, 0, 255);">&#160;</font><font style="font-size: 9pt;"><u><font style="color: rgb(0, 0, 255);">www.brunswick.com</font></u></font></div>
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    <div style="text-align: center;"><font style="font-size: 14pt; font-family: Arial; font-weight: bold;">Brunswick Concludes Divestiture of Fitness Business,</font></div>
    <div style="text-align: center;"><font style="font-size: 14pt; font-family: Arial; font-weight: bold;">Completing Transition to Marine Focus</font></div>
    <br>
    <div style="text-align: left;">
      <div style="line-height: 2.15; font-family: Arial;"><font style="font-weight: bold;">METTAWA, Ill. June 27, 2019 &#8211;</font> Brunswick Corporation (NYSE: BC) today announced that it has completed the previously announced sale of its Fitness business to
        KPS Capital Partners, LP, a private investment firm, in an all-cash transaction for approximately $490 million.</div>
      <div><br>
      </div>
      <div style="line-height: 2.15; font-family: Arial;"><font style="background-color: rgb(255, 255, 255);"> &#8220;With the sale of the Fitness business, Brunswick&#8217;s focus is now solely on its </font>unique and formidable marine platform,&#8221; Brunswick Chief
        Executive Officer David M. Foulkes said.&#160; &#8220;Our impressive stable of recognized and respected brands across marine engines, parts and accessories, boats and marine services is uniquely positioned in growing and emerging market segments.&#160; Brunswick
        is well positioned as the leader in the marine industry, and we are excited about our clarity of purpose and the bright future ahead of us.&#160; The closing of this transaction also enables us to advance our previously discussed capital strategy
        objectives, including re-engaging in share repurchases upon the opening of the trading window subsequent to our second quarter earnings announcement.&#8221;</div>
      <div style="line-height: 1.5; font-family: Arial;"> <br>
      </div>
      <div style="line-height: 2.15; font-family: Arial;"> Brunswick had more than $4 billion annual revenue from its marine products and services in 2018.</div>
      <div style="line-height: 1.5; font-family: Arial;"> <br>
      </div>
      <div style="line-height: 2.15; font-family: Arial;">Citi served as the exclusive financial advisor and Cravath, Swaine &amp; Moore LLP served as legal counsel to Brunswick on the transaction. </div>
    </div>
    <div style="text-align: left;"><font style="font-family: Arial;"> </font><br>
      <div><font style="font-family: Arial; font-weight: bold;">Forward-Looking Statement</font></div>
      <div><font style="font-family: Arial;">Certain statements in this news release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and
          projections about Brunswick&#8217;s business and by their nature address matters that are, to different degrees, uncertain. Words such as &#8220;may,&#8221; &#8220;could,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;target,&#8221; &#8220;plan,&#8221; &#8220;seek,&#8221; &#8220;estimate,&#8221; &#8220;believe,&#8221; &#8220;predict,&#8221; &#8220;outlook,&#8221; and
          similar expressions are</font></div>
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    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">Brunswick Corporation</font></div>
    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">June 27, 2019</font></div>
    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">Page 2 of 3</font></div>
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    <font style="font-family: Arial;">intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that may cause actual results to differ materially from
      expectations as of the date of this news release. These risks include, but are not limited to: the effect of adverse general economic conditions, including the amount of disposable income consumers have available for discretionary spending, tight
      consumer credit markets, and the level of consumer confidence on the demand for our products and services; our ability to successfully implement our strategic plan and growth initiatives; our ability to integrate acquisitions, including the Global
      Marine &amp; Mobile Business of Power Products; having to record an impairment to the value of goodwill and other assets; changes to U.S. trade policy and tariffs; the inability to identify and complete targeted acquisitions; the risk that strategic
      divestitures, including the Fitness sale, may not provide business benefits; the potential for disruption to our business in connection with the Fitness sale or Power Products acquisition, making it more difficult to maintain business and operational
      relationships; the risk that unexpected costs will be incurred in connection with these transactions; the possibility that the expected synergies and value creation from these transactions will not be realized or will not be realized within the
      expected time period; negative currency trends, including shifts in exchange rates; fiscal policy concerns; adequate financing access for dealers and customers and our ability to access capital and credit markets; maintaining effective distribution;
      adverse economic, credit, and capital market conditions; loss of key customers; attracting and retaining skilled labor and implementing succession plans for key leadership; inventory reductions by dealers, retailers, or independent boat builders;
      requirements for us to repurchase inventory; actual or anticipated increases in costs, disruptions of supply, or defects in raw materials, parts, or components we purchase from third parties, including as a result of new tariffs on raw materials,
      increased demand for shipping carriers, and transportation disruptions; higher energy and fuel costs; our ability to protect our brands and intellectual property; absorbing fixed costs in production; managing our manufacturing footprint; outages,
      breaches, or other cybersecurity events regarding our technology systems, which could result in lost or stolen information and associated remediation costs; our ability to meet pension funding obligations; managing our share repurchases; competitive
      pricing pressures; our ability to develop new and innovative products and services at a competitive price, in legal compliance with existing rules; maintaining product quality and service standards; product liability, warranty, and other claims
      risks; legal and regulatory compliance, including increased costs, fines, and reputational risks; changes in income tax legislation or enforcement; certain divisive shareholder activist actions; joint ventures that do not operate solely for our
      benefit; international business risks; and weather and catastrophic event risks.</font></div>
  <div><font style="font-family: Arial;"> </font><br>
    <font style="font-family: Arial;">Additional risk factors are included in the Company&#8217;s Annual Report on Form 10-K for 2018.&#160; Forward-looking statements speak only as of the date on which they are made, and Brunswick does not undertake any obligation
      to update them to reflect events</font>
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    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">Brunswick Corporation</font></div>
    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">June 27, 2019</font></div>
    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">Page <font id="DSPFPageNumber">3</font> of </font><font style="font-family: Arial; font-weight: bold;"><font id="DSPFPageNumber">3</font> </font></div>
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    <div style="text-align: left;"><font style="font-family: Arial;">or circumstances after the date of this news release or for changes by wire services or Internet service providers.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: Arial; font-weight: bold;">About Brunswick</font></div>
    <div style="text-align: left;"><font style="font-family: Arial;">Headquartered in Mettawa, Ill., Brunswick Corporation&#8217;s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global
        parts and accessories including propellers and SmartCraft electronics; Power Products Integrated Solutions; MotorGuide trolling motors; Attwood, Garelick, and Whale marine parts; Land &#8216;N&#8217; Sea, BLA, Payne&#8217;s Marine, Kellogg Marine, and Lankhorst
        Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network,
        Freedom Boat Club, NAUTIC-ON, OnBoard Boating Club and Rentals. For more information, visit <u><font style="color: rgb(0, 0, 255);">https://www.brunswick.com</font></u>.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: Arial;">Contact:</font></div>
    <div style="text-align: left;"><font style="font-family: Arial;">Dan Kubera</font></div>
    <div style="text-align: left;"><font style="font-family: Arial;">Director &#8211; Media Relations and Corporate Communications</font></div>
    <div style="text-align: left;"><font style="font-family: Arial;">daniel.kubera@brunswick.com</font></div>
    <div style="text-align: left;"><font style="font-family: Arial;">847-735-4617</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
