<SUBMISSION>
<ACCESSION-NUMBER>0000898430-03-002053
<TYPE>425
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20030325
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>RAWLINGS SPORTING GOODS CO INC
<CIK>0000921915
<ASSIGNED-SIC>3949
<IRS-NUMBER>431674348
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0831
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>425
<ACT>34
<FILE-NUMBER>000-24450
<FILM-NUMBER>03614824
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1859 INTERTECH DR
<CITY>FENTON
<STATE>MO
<ZIP>63026
<PHONE>3143493500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1859 INTERTECH DR
<CITY>FENTON
<STATE>MO
<ZIP>63026
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>K2 INC
<CIK>0000006720
<ASSIGNED-SIC>3949
<IRS-NUMBER>952077125
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>425
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>4900 S EASTERN AVE
<STREET2>SUITE 200
<CITY>LOS ANGELES
<STATE>CA
<ZIP>90040
<PHONE>3237242800
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>4900 S EASTERN AVE
<STREET2>SUITE 200
<CITY>LOS ANGELES
<STATE>CA
<ZIP>90040
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ANTHONY POOLS INC
<DATE-CHANGED>19720317
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ANTHONY INDUSTRIES INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILED-BY>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>d425.htm
<DESCRIPTION>FORM 425
<TEXT>
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<TITLE>Form 425</TITLE>
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<TD VALIGN="bottom" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">FILING PURSUANT TO RULE 425</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000">FILER: K2 INC.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">SUBJECT COMPANY: RAWLINGS SPORTING</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000">GOODS COMPANY, INC.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">COMMISSION FILE NO. 0-24450</FONT></P></TD></TR>
</TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">This
filing relates to the proposed merger between K2 Inc. (the &#147;Company&#148;) and Rawlings Sporting Goods Company, Inc. (&#147;Rawlings&#148;) pursuant to the terms of an Agreement and Plan of Merger, dated as of December 15, 2002, among the
Company, Rawlings and Lara Acquisition Sub, Inc. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">On March 24, 2003, the Company issued the following press release regarding the proposed merger described above: </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Los Angeles, California&#151;March 24, 2003</B>&#151; K2 Inc. (NYSE:KTO) today announced that certain consents and approvals related to
the proposed merger with Rawlings Sporting Goods Company, Inc. (NASDAQ NM: RAWL) have been obtained, including the consent of a key Rawlings commercial partner and the amendment of another important Rawlings commercial agreement. The consent relates
to Rawlings&#146; agreement with Major League Baseball. K2 now expects to close the merger with Rawlings on Wednesday, March 26, after conclusion of the K2 and Rawlings stockholder meetings to vote on the transaction. </FONT></P><P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">K2 Inc. is a leading designer, manufacturer and marketer of
brand name sporting goods, recreational and industrial products. The company&#146;s sporting goods and recreational products include well-known names such as <I>K2</I> and <I>Olin</I> alpine skis, <I>K2</I>, <I>Ride</I> and <I>Morrow</I> snowboards,
boots and bindings, <I>K2</I> in-line skates, <I>Stearns</I> sports equipment, <I>Shakespeare</I> and <I>Pflueger </I>fishing tackle, <I>K2</I>bikes, and Dana Design backpacks. K2&#146;s other recreational products include Planet Earth apparel,
<I>Adio</I> skateboard shoes and <I>Hilton</I> corporate casuals. K2&#146;s industrial products include <I>Shakespeare</I> extruded monofilaments, marine antennas and fiberglass light poles. </FONT></P><P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">STOCKHOLDERS OF K2 INC. AND RAWLINGS SPORTING GOODS COMPANY,
INC. ARE URGED TO READ THE REGISTRATION STATEMENT RELATING TO THE PROPOSED MERGER, INCLUDING THE JOINT PROXY STATEMENT/PROSPECTUS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Copies of the these documents filed by K2 Inc. with the Securities and
Exchange Commission (the &#147;SEC&#148;) also may be obtained free of cost on the SEC&#146;s website, http://www.sec.gov, or upon oral or written request to: John J. Rangel, Senior Vice President-Finance at K2 Inc., telephone number (323) 890-5830
or at jrangel@k2inc.net. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">K2 Inc. and its
directors and executive officers may be deemed to be participants in the solicitation of proxies of K2 Inc. stockholders in connection with the proposed merger. A detailed list of </FONT></P>

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<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">the names, affiliations and interests of the participants in the solicitation is set forth in the joint
proxy statement filed with the SEC. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">This news
release includes forward-looking statements. K2 cautions that these statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the
companies&#146; ability to complete the merger and successfully integrate the two companies, global economic conditions, product demand, financial market performance, and other risks described in the company&#146;s annual report on Form 10-K as
filed with the Securities and Exchange Commission. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"># # # </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2 </FONT></P>

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