May 15th, 2012 - Vol 3, Issue 24

Thank you so much to everyone who's already signed up for this fantastic annual event. This is a chance for everyone to get together, play some music, have some food, win prizes and have a great day with your peers. We are looking forward to this event as we do each year as well as giving a great kick off for the OBA Convention. Keep in mind this event also qualifies for Staff Development and every attendee will receive a certificate of their time spent.

 

If you haven't signed up yet, please do as soon as possible. You can click the link and you will be taken to a flyer about the clinic details and the web form to sign up. Only takes a minute and you're done. 

 

Here's the link to the web form to sign up for this fun day of music, education, food and camaraderie, so click and sign up today!

We look forward to having Dr. Carnochan in Tulsa and seeing all of you as well. Thanks so much for making this event a highlight to our year!!!

June 11th marks our first clinic at The Music Store for 2012.  Jeff Jones is a world-renowned instructor focusing on ALL aspects of drums and percussion.  As a Sabian and Vater Endorser, he's traveled all over the world giving clinics, providing education and performing with a variety of musical acts.  Jeff is also a marching percussion instructor working with schools all over Oklahoma and surrounding areas.  

 

The clinic starts @ 7pm on June 11th and the cost of participation will be 2 cans of food to be donated to the Tulsa Food Bank.  Jeff's clinic will be about an hour long and provide instruction and demonstration of various playing styles and touching on being a professional musician.  There will be a Questions and Answer session along with every participant receiving a certificate.  Snacks and beverages will be provided by local sponsors and will be a great night of community and sharing!  There will also be give-a-ways, special purchases available and deals to be had.

 

Please email Roger your attendance confirmation so we can account for the quantity of refreshments and attendance certificates.  When emailing Roger, please provide ALL contact information including email, mailing address and what type of kit you currently play.

(Article provided by Music and Sound Retailer Magazine)

According to a story reported by the Reuters news agency, Fender Musical Instruments Corp., a manufacturer whose guitars have been used by Jimi Hendrix, Eric Clapton, Mark Knopfler and Pink Floyd's David Gilmour, has filed with U.S. regulators to raise as much as $200 million in an initial public offering (IPO).

 

Leo Fender formed the company in the 1940s, the Reuters story reported, and it was the first to mass-produce solid-body Spanish-style electric guitars, including the Stratocaster. In 1965, it was sold to the CBS television network. It was when the network began selling off its non-media businesses that then-Fender Chief Executive William Schultz partnered with some of the company's international distributors to buy out Fender in 1984. Presently, Schultz and his family trust own about six percent of Fender, according to the company's filing with the Securities and Exchange Commission (SEC). Weston Presidio, a private equity firm, owns a 43-percent stake.

 

Fender said in the filing that J.P. Morgan, Baird, Stifel Nicolaus Weisel and Wells Fargo Securities would be underwriting the offering. The company intends to use approximately $100 million of the proceeds to pay off debt. Because part of the debt repayment will be made to some of the banks underwriting the offering, Financial Industry Regulatory Authority (FINRA) regulations mandate the offering to have a qualified independent underwriter, the filing indicated. William Blair & Company would function as the independent underwriter in the offering.

 

The number of shares to be offered, of which a portion will be sold by some stockholders, and the price range for the offering have not yet been determined, according to Fender.

The company, which had net sales of just over $700 million in the fiscal year ended January 31, said it plans to apply to list on the Nasdaq under the symbol "FNDR." The amount of money a company says it intends to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO, however, could well be different. You can see, feel, play, and buy Fender Guitars, Basses, Amplifiers, PA Systems, and Accessories here at THE MUSIC STORE in Tulsa.

 

Well...that's it for now.  Get out this weekend and support local music.  Without your support, the venues don't know you want live music.  So show them what you want and go see a local band or two...you live in one of the top music cities in the United States.  Enjoy your weekend.

 

Larry York

President - The Music Store, INC.