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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1) (1)

K2 INC.
(Name of Issuer)

COMMON STOCK, PAR VALUE $1.00
(Title of Class of Securities)

482732104
(CUSIP Number)

January 13, 2004
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ] Rule 13d – 1(b)
[  ] Rule 13d – 1(c)
[x] Rule 13d – 1(d)


(1)   The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act.

(Continued on Following Pages)

 


 

         
CUSIP No. 482732104
  13G   Page 2 of 5 Pages
         
1
  NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITES ONLY)
CHARTER OAK PARTNERS
   

       
 

       
2
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a) [  ]
(b) [  ]

       
 

       
3
  SEC USE ONLY    

       
 

       
4
  CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF CONNECTICUT
   

       
 
             
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
  5

6

7

8
  SOLE VOTING POWER

SHARED VOTING POWER

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER
  1,525,313

-0-

1,525,313

-0-
             

       
 

       
9
  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     1,525,313

       
 

       
10
  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES   [  ]

       
 

       
11
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9     4.6%

       
 

       
12
  TYPE OF REPORTING PERSON   PN

       
 

2


 

SCHEDULE 13G

     
Item 1(a).
  Name of Issuer: K2 Inc.
   
Item 1(b).
  Address of Issuer’s Principal Executive Offices:
   
 
  2051 Palomar Airport Road
Carlsbad, CA 92009
   
Item 2(a).
  Name of Person Filing: Charter Oak Partners
   
Item 2(b).
  Address of Principal Business Office or, if None, Residence:
   
 
  10 Wright Street, Suite 210
Westport, CT 06880
   
Item 2(c).
  Citizenship: State of Connecticut
   
Item 2(d).
  Title of Class of Securities: Common Stock, par value $1.00
   
Item 2(e).
  CUSIP Number: 482732104
   
Item 3.
  Rule 13d-1(b), or Rule 13d-2(b) or (c), Information: Not Applicable
   
Item 4.
  Ownership
   
 
  (a) Amount Beneficially Owned: 1,525,313
   
 
  (b) Percent of Class: 4.6%
   
 
  (c) Number of Shares as to which such person has:
     
 
  (i) Sole power to vote or to direct the vote: 1,525,313
   
 
  (ii) Shared power to vote or to direct the vote: -0-
   
 
  (iii) Sole power to dispose or to direct the disposition of: 1,525,313
   
 
  (iv) Shared power to dispose or to direct the disposition of: -0-

3


 

     
Item 5.
  Ownership of Five Percent or Less of a Class.
   
 
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]
   
Item 6.
  Ownership of More than Five Percent on Behalf of Another Person: Not Applicable.
   
Item 7.
  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person: Not Applicable.
   
Item 8.
  Identification and Classification of Members of the Group: Not Applicable.
   
Item 9.
  Notice of Dissolution of Group: Not Applicable.
   
Item 10.
  Certifications: Not Applicable.

4


 

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

             
    CHARTER OAK PARTNERS    
    By: Fine Partners, L.P., Managing Partner      
January 14, 2004   By: /s/ Jerrold N. Fine

Name: Jerrold N. Fine
Title: Managing Partner
   

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