Hibbett Sports, Inc. (NASDAQ:HIBB) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
for the thirteen-week period ended April 29, 2017, in a press
release issued on May 18, 2017.
hereto, shall not be deemed “filed” for the purposes of Section
18 of the Securities Exchange Act of 1934, or otherwise subject
to the liabilities of that section. It may be incorporated by
reference in another filing under the Exchange Act or Securities
Act of 1933 if such subsequent filing specifically references
this Form 8-K.
Stockholders. The Board of Directors of the Company submitted
four proposals to a vote of the Company’s stockholders. The
final results of the voting on each proposal are presented below.
forth below to serve as a Class III Director for a three-year
term expiring at the Annual Meeting of Stockholders to be held in
2020, or until his successor is elected and qualified. The
stockholders elected the two nominees to serve as Directors of
the Company to the following vote:
|
Nominee
|
For
|
Against
|
Withheld
|
Broker Non-Votes
|
||||
|
Anthony F. Crudele
|
18,955,352
|
129,221
|
21,424
|
882,554
|
||||
|
Ralph T. Parks
|
18,906,180
|
178,393
|
21,424
|
882,554
|
III Directors were part of certain corporate governance changes
approved by the Board of Directors in connection with the
retirement of Albert C. Johnson as a Class III Director upon
the expiration of his term at the 2017 Annual Meeting of
Stockholders. Those changes included a reduction in the size of
the Board of Directors from nine Directors to eight Directors
and a corresponding reduction in the number of Class III
directorships from three to two directors effective immediately
prior to the convening of the 2017 Annual Meeting of
Stockholders. As a result, effective May 17, 2017, the Board of
Directors is divided into three classes, with Class I
consisting of three incumbent Directors – Jane F. Aggers,
Terrance G. Finley and Jeffry O. Rosenthal, Class II consisting
of three incumbent Directors Karen S. Etzkorn, Michael J.
Newsome and Alton E. Yother, and Class III consisting of two
incumbent Directors – Anthony F. Crudele and Ralph T. Parks.
For additional information regarding the reduction in the size
of the Board, see “Our Corporate Governance Principles Size of
the Board of Directors” in the Company’s definitive Proxy
Statement for the 2017 Annual Meeting of Stockholders filed
with the Securities and Exchange Commission on April 19, 2017.
Proposal Number 2 Selection of Independent Registered
Public Accounting Firm
as the Company’s independent registered public accounting firm
for the fiscal year ending February 3, 2018. The appointment of
KPMG LLP was ratified by the stockholders to the following vote:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|||
|
19,887,251
|
95,610
|
5,690
|
—
|
on a resolution to approve the compensation of our Named
Executive Officers as disclosed in the Proxy Statement for the
2017 Annual Meeting of Stockholders. The stockholders approved
the non-binding advisory resolution on executive compensation to
the following vote:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|||
|
18,211,341
|
848,659
|
45,997
|
882,554
|
Votes on Executive Compensation
advisory basis, on how frequently we should seek future advisory
votes on the compensation of our Named Executive Officers. Our
stockholders expressed a preference that an advisory vote on the
compensation of our Named Executive Officers occur every year.
The results of the advisory vote were as follows:
|
1 Year
|
2 Years
|
3 Years
|
Abstain
|
Broker Non-Votes
|
||||
|
17,109,568
|
6,874
|
1,962,986
|
26,569
|
882,554
|
has determined that the Company will hold an advisory vote on
named executive officer compensation each year until the next
required stockholder advisory vote on frequency of named
executive officer compensation occurs or until the Board
otherwise determines that a different frequency for advisory
votes on named executive officer compensation is in the best
interest of stockholders. The Company is required to hold votes
on such frequency every six years.
incorporated by reference into this item 7.01.
be “filed”.
|
Exhibit No.
|
Description
|
|
99.1
|
Press Release Dated May 18, 2017
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About Hibbett Sports, Inc. (NASDAQ:HIBB)
Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores. It sells merchandise of various brands, such as Nike, Under Armour, Reebok, adidas, Easton, The North Face and Yeti. It maintains a single wholesale and logistics facility in Alabaster, Alabama. Hibbett Sports stores offer a merchandising mix of localized apparel, footwear, equipment and accessories. Sports Additions store consists of a merchandising mix of athletic footwear, and caps and a limited assortment of apparel. Hibbett Team Sales, Inc. (Team), a subsidiary of the Company, is a supplier of customized athletic apparel, equipment and footwear to school athletic programs in Alabama and parts of Georgia, Florida and Mississippi. Hibbett Sports, Inc. (NASDAQ:HIBB) Recent Trading Information
Hibbett Sports, Inc. (NASDAQ:HIBB) closed its last trading session 00.00 at 23.05 with 612,465 shares trading hands.