<SEC-DOCUMENT>0001193125-17-172505.txt : 20170517
<SEC-HEADER>0001193125-17-172505.hdr.sgml : 20170517
<ACCEPTANCE-DATETIME>20170516203002
ACCESSION NUMBER:		0001193125-17-172505
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170516
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170517
DATE AS OF CHANGE:		20170516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLUMBIA SPORTSWEAR CO
		CENTRAL INDEX KEY:			0001050797
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				930498284
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23939
		FILM NUMBER:		17850107

	BUSINESS ADDRESS:	
		STREET 1:		14375 NW SCIENCE PARK DRIVE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97229
		BUSINESS PHONE:		503 985 4000

	MAIL ADDRESS:	
		STREET 1:		14375 NW SCIENCE PARK DRIVE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97229
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d399706d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>May&nbsp;16, 2017 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>COLUMBIA
SPORTSWEAR COMPANY </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Oregon</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">000-23939</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">93-0498284</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>14375 Northwest Science Park Drive </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Portland, Oregon 97229 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(503) <FONT STYLE="white-space:nowrap">985-4000</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>No Change </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name
or former address, if changed since last report) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 (17 CFR <FONT STYLE="white-space:nowrap">&#167;240.12b-2).</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN
OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;16, 2017, Columbia Sportswear Company (the &#147;Company&#148;)
issued a press release announcing the departure of Bryan Timm as President and Chief Operating Officer of the Company. The Company&#146;s press release announcing Mr.&nbsp;Timm&#146;s departure is attached hereto as Exhibit 99.1. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FINANCIAL STATEMENTS AND EXHIBITS. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated May&nbsp;16, 2017.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>COLUMBIA SPORTSWEAR COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Dated: May&nbsp;16, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter J. Bragdon</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Peter J. Bragdon</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President, Chief Administrative Officer, General Counsel, and Secretary</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated May&nbsp;16, 2017.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d399706dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g399706g0516104128995.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">May&nbsp;16, 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Columbia Sportswear Company Announces Departure of President and Chief Operating Officer Bryan Timm </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PORTLAND, Ore.&#151;(BUSINESS WIRE)&#151; Columbia Sportswear Company (Nasdaq:COLM), a leading innovator in the active outdoor apparel, footwear, accessories,
and equipment industries, announced today that Bryan Timm will be stepping down from his role as President and Chief Operating Officer. In the 20 years that Mr.&nbsp;Timm has been with the Company, prior to his tenure as President and Chief
Operating Officer, he served as Corporate Controller, Treasurer and Chief Financial Officer.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Timothy Boyle, Columbia Sportswear Company&#146;s Chief Executive Officer stated, &#147;Bryan has played an integral role in our journey from a single brand
with approximately $300&nbsp;million in sales in 1997 to a publicly-traded multi-brand, multi-channel business with $2.4&nbsp;billion in sales in 2016 and more than 6,000 employees around the world. He has been a key contributor to our growth and
transformation, most recently by establishing leadership that is planting the seeds for future growth at our Mountain Hardwear brand and in our <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">direct-to-consumer</FONT></FONT>
business. We thank him for his loyal service and contribution to the Company&#146;s success and we wish him well in his new endeavors.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Timm added, &#147;I&#146;m very proud of the leadership role I&#146;ve played over the past 20 years in driving the Company&#146;s global expansion
and its evolution into a family of brands that connect active people with their passions. I wish Tim, the leadership team and each of the Company&#146;s talented employees around the world continued success.&#148;&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Timm&#146;s responsibilities will be handled by other members of the senior management team while the Company continues to work through its
previously announced operating model assessment that was initiated during the first quarter of 2017. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>About Columbia Sportswear Company </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Columbia Sportswear Company has assembled a portfolio of brands for active lives, making it a leader in the global active lifestyle apparel, footwear,
accessories, and equipment industry. Founded in 1938 in Portland, Oregon, the Company&#146;s brands are today sold in approximately 90 countries. In addition to the Columbia<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> brand, Columbia
Sportswear Company also owns the Mountain Hardwear<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, SOREL<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, prAna<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, and
OutDry<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> brands. To learn more, please visit the company&#146;s websites at <U>www.columbia.com</U>, <U>www.mountainhardwear.com</U>, <U>www.sorel.com</U>, <U>www.prana.com</U>, and
<U>www.outdry.com</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Columbia Sportswear </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investors: </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ron Parham, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">503-985-4584</FONT></FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Relations and Corporate Communications </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>rparham@columbia.com </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Media: </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Scott
Trepanier, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">503-985-4183</FONT></FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Public Relations </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">strepanier@columbia.com </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g399706g0516104128995.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g399706g0516104128995.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !( 14# 2(  A$! Q$!_\0
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M5ZSXO\-ZEJ&M70N)EOS&F(U0(NQ#M  '&2:U_BWS\*_$&?\ GW'_ *&M<?\
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MR<IR2.1G!% 'K7PR^-,/BZ\_LC7(K>QU1S_H[1$B*?\ V1N)(;VR<_I7K=?
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M< LI)&W) X)Z]*[W]G3_ ))S=_\ 83D_]%QUV/Q-17^&7B(, 1]AD//J!D4
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M]GNE"RJ/LXY8#H2.<=LT ?3E%%% 'SA\=/AQ?6^K77C#3U:>RN-IO(P,M P
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M<]XIL/$T<7@OQ;;6H/B5(TL+V/&!F=-H+8Z!9#GZM5?5/!-YH7C;3+#0T?\
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D]83V&E+]K"B^N)'N;K:<@2.=Q4'N%X4'T4444 :M%%% '__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
