Hibbett Sports Inc. re-elected two directors to three-year terms that expire with the 2020 annual meeting. They include Anthony F. Crudele and Ralph T. Parks.
The extensions were made by shareholders at the company’s 2017 annual meeting.
Albert C. Johnson, a director since 2008, chose not to stand for re-election at the conclusion of his current term, which ended with this annual meeting.
Commenting on the retirement of Al Johnson from the Board, Jeff Rosenthal, president and CEO, said, “On behalf of Hibbett Sports, we want to thank Al for his dedicated service to the Company as a director for nine years and as a member of the Compensation and Audit committees, including his leadership of the latter as chair from 2009 until 2013. As a retired CPA and independent financial consultant with more than 50 years of experience across a range of industries, Al brought a broad view of strategic operations and financial and accounting insight to the work of our board. We very much appreciate the contributions he has made to the growth and success of our company and wish him all the best in the future.”
Johnson added, “It is with mixed emotions that I retire from the Board of Hibbett Sports after nine years of service. I have enjoyed being on the Board and serving as its Chairman of the Audit Committee for about half of that time. I have seen the Company grow to almost 1,100 stores, expand into new markets and embark on omni-channel/e-commerce initiatives that will ensure its future success. I leave knowing that the Company is in very capable hands as it has an outstanding management team with great vision and expertise to face the current challenges of the retail industry and to continue to successfully grow the Company in the future.”
In other matters at the meeting, stockholders ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm for Fiscal 2018, approved by non-binding advisory vote the compensation of the Company’s executive officers, and approved a one-year frequency for an advisory vote on executive compensation.
