8-K

UNITED STATES

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) June 8, 2012

Hibbett Sports, Inc.

(Exact Name Of Registrant As Specified In Its Charter)

Delaware	000-20969	20-8159608
(State of Incorporation)	(Commission	(IRS Employer
	File Number)	Identification No.)

451 Industrial Lane

Birmingham, Alabama  35211

(Address of principal executive offices)

(205) 942-4292

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□      Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c)  Appointment of Certain Officers

On June 8, 2012, Mr. Scott J. Bowman, age 45, was appointed by Hibbett Sports, Inc. (Company) as its Senior Vice President and Chief Financial Officer, to be effective July 9, 2012.

Mr. Bowman has not previously been employed by the Company and has no family relationship to any of our officers or directors.  For the past six years, his principal occupation and employment was Division Chief Financial Officer – Northern Division (Division CFO) of The Home Depot, a large home improvement retailer.  Prior to his duties as Division CFO, Mr. Bowman served The Home Depot as their Senior Director, Finance – IT for approximately three years.  Prior to his tenure at The Home Depot, Mr. Bowman worked in various controller positions with Rubbermaid Home Products, a Division of Newell Rubbermaid, as well as in various accounting management positions with Anchor Hocking Glass Company and The Sherwin-Williams Company.  He is a Certified Public Accountant, licensed in the State of Ohio since 1991.

There are no transactions between the company and Mr. Bowman that would be reportable under Item 401(a) of the SEC’s Regulation S-K (Certain Relationships and Related Transactions).

The Company also confirmed a base salary for Mr. Bowman for Fiscal 2013 of $295,000 (annualized).  At the same time, the Company established a guaranteed cash bonus of $95,000 for Fiscal 2013.  The Company shall also pay Mr. Bowman up to $65,000 in relocation expenses as well as temporary housing expenses for up to one hundred eighty (180) days.

In connection with Mr. Bowman’s hiring, the Company authorized the award of restricted stock units (RSUs) worth $95,000 under the Company’s 2005 Equity Incentive Plan to be granted on the first day of the Company’s first full fiscal quarter following Mr. Bowman’s employment.  The number of RSU’s awarded will be based on the closing stock price on the first day of the Company’s first full fiscal quarter following Mr. Bowman’s employment and will be subject to five (5) year cliff vesting based on continuous employment with the Company for five years from the date of grant.

In addition, Mr. Bowman will be a party to and will be eligible to receive payments under the Company’s Change in Control Severance Agreement (Agreement) upon a Change in Control as defined within the Agreement.  The foregoing description of the Agreement is qualified in its entirety by reference to such Agreement, which is filed as an Exhibit to this Current Report, and shall be deemed incorporated herein by reference.

His Fiscal 2014 bonus and equity compensation will be based on 50% of Mr. Bowman’s Fiscal 2014 base salary and subject to achievement of performance goals set by the Company’s Compensation Committee.  The terms above are based on an expected start date of July 9, 2012.

A copy of the Company’s related press release is attached hereto as Exhibit 99.1.

Item 7.01.  Regulation FD Disclosures.

A copy of a press release relating to the hiring of Mr. Bowman is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item, including Exhibit 99.1 attached 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.

Item 9.01.  Financial Statements and Exhibits.

(d)           Exhibits

Exhibit No.	Description
10.1	Form of Change of Control Severance Agreement; incorporated by reference as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 24, 2008.
99.1	Press Release Dated June 8, 2012

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HIBBETT SPORTS, INC.
By:	/s/ Jeffry O. Rosenthal
	Jeffry O. Rosenthal
	President and Chief Executive Officer

June 8, 2012

EX-99.1

EXHIBIT 99.1

Contact:	Jeff Rosenthal
	President & Chief Executive Officer
	(205) 942-4292

HIBBETT SPORTS HIRES SCOTT BOWMAN AS CHIEF FINANCIAL OFFICER

BIRMINGHAM, Ala. (June 8, 2012) – Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, today announced that Scott J. Bowman has joined the Company as Senior Vice President and Chief Financial Officer, effective July 9. Mr. Bowman will replace Gary Smith, whose retirement from the Company is effective July 8, 2012.

Mr. Bowman, a Certified Public Accountant, was most recently Division Chief Financial Officer – Northern Division for The Home Depot, a position he has held since 2006. He has also served as Senior Director, Finance – IT with The Home Depot from 2003 to 2006. Prior to that time, Mr. Bowman held senior financial positions with Rubbermaid Home Products, including as Vice President/Controller from 2001 to 2003 and as Operations Controller from 1999 to 2001. He began his financial career in 1989 with The Sherwin-Williams Company.

Jeff Rosenthal, President and Chief Executive Officer, stated, “As financial leader for a 795-store division representing $25 billion in annual sales, Scott certainly has the qualifications and wealth of retail experience that will complement the talented management team we have in place. Given our continued investment in and emphasis on information systems, Scott’s IT background was particularly attractive along with his demonstrated ability to drive cost savings.”

Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, predominately in the Southeast, Southwest, Mid-Atlantic and the lower Midwest regions of the United States.  The Company’s primary store format is Hibbett Sports, a 5,000-square-foot store located in strip centers and enclosed malls.

A WARNING ABOUT FORWARD LOOKING STATEMENTS:  Certain matters discussed in this press release are "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995.  Forward looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, guidance, outlook, or estimate.  For example, our forward looking statements include a statement regarding Mr. Bowman’s complementing our management team.  Such a statement is subject to risks and uncertainties that could cause actual results to differ materially, including economic conditions, industry trends, merchandise trends, vendor relationships, customer demand, and competition.  For a discussion of these factors, as well as others which could affect our business, you should carefully review our Annual Report and other reports filed from time to time with the Securities and Exchange Commission, including the "Risk Factors," "Business" and "MD&A" sections in our Annual Report on Form 10-K filed on March 26, 2012 and the “MD&A” section in our Quarterly Report on Form 10-Q filed on June 1, 2012.  In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply.  We are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

END OF EXHIBIT 99.1