-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CZOGtvFiMRhMIV/hz7rF6YvupmhYdrSrP3Qu/Un49/h+KX6uvgXSLtmiadsrfRDW jPLAKQvBBXohyxBP//UcMw== 0000931763-00-000827.txt : 20000405 0000931763-00-000827.hdr.sgml : 20000405 ACCESSION NUMBER: 0000931763-00-000827 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000404 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIBBETT SPORTING GOODS INC CENTRAL INDEX KEY: 0001017480 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 631074067 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20969 FILM NUMBER: 593499 BUSINESS ADDRESS: STREET 1: 451 INDUSTRIAL LANE CITY: BIRMINGHAM STATE: AL ZIP: 35211 BUSINESS PHONE: 2059424292 MAIL ADDRESS: STREET 1: 451 INDUSTRIAL LANE CITY: BIRNINGHAM STATE: AL ZIP: 35211 8-K 1 FORM 8-K ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 --------------------- DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 4, 2000 HIBBETT SPORTING GOODS, INC. (Exact name of registrant as specified in its charter) Delaware 000-20969 63-1074067 (State of other jurisdiction Commission file number (I.R.S. Employer of Incorporation or organization) Identification No.)
451 Industrial Lane Birmingham, Alabama 35211 (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (205) 942-4292 Not applicable (Former name or former address, if changed since last report) ================================================================================ Item 5. Other Events Attached as an exhibit is a press release issued by Hibbett Sporting Goods, Inc. on April 4, 2000 announcing a share repurchase program pursuant to which the company may repurchase up to 1,000,000 shares of its common stock. Item 7. Financial Statements and Exhibits Exhibit 99 -- Press Release, dated April 4, 2000, issued by Hibbett Sporting Goods, Inc. Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HIBBETT SPORTING GOODS, INC. Date: April 4, 2000 By: /s/ Susan H. Fitzgibbon ------------------------- Susan H. Fitzgibbon Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit # Description - --------- ----------- 99 Press Release, dated April 4, 2000, issued by Hibbett Sporting Goods, Inc. TYPE EX-99 SEQUENCE 2 DESCRIPTION PRESS RELEASE DATED APRIL 4, 2000 2 EX-99 2 PRESS RELEASE Contact: Susan H. Fitzgibbon Vice President & Chief Financial Officer (205) 942-4292 HIBBETT ANNOUNCES APPROVAL FOR STOCK REPURCHASE BIRMINGHAM, Ala. (April 4, 2000) - Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB), today announced that the Board of Directors approved the purchase by the Company and certain of its affiliates of up to one million shares of the Company's outstanding common stock. Approximately 6.4 million shares of Hibbett common stock are currently outstanding. Repurchases may be made over time in the open market, with the amount and timing of repurchases depending on market conditions, at the discretion of the Company's management. Commenting on the announcement, Michael J. Newsome, President and Chief Executive Officer, stated, "Despite the challenges many of our competitors have experienced, we continue to successfully execute our new store expansion program and remain optimistic about the outlook for our business. Although our earnings per share have grown at a compounded rate of nearly 30% over the past three years, we believe recent market valuations have created a unique investment opportunity for the Company. "Our financial position remains strong. We continue to finance the majority of our growth with internally generated cash flow and have recently obtained bank commitments, subject to final documentation, to add $20 million to our credit facilities bringing the total available to $52 million. Currently, we have no debt obligations other than approximately $200,000 outstanding under these facilities." Hibbett Sporting Goods, Inc. is a rapidly growing, full-line sporting goods retailer operating 224 stores in small markets in 19 states, predominately in the Southeast. The Company's primary store format is Hibbett Sports, a 5,000- square foot store located in enclosed malls and dominant strip centers. Certain matters discussed in this press release are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not limited to general and regional economic conditions, industry trends, merchandise trends, vendor relationships, customer demand, and competition. A complete description of these factors, as well as others which could affect the Company's business, is set forth in the Company's periodic filings, including its Form 10K and Registration Statement on Form S-1, filed with the Securities and Exchange Commission on October 1, 1997, and any amendments thereto. -----END PRIVACY-ENHANCED MESSAGE-----