Big 5 Sporting Goods Corporation appointed Dominic DeMarco to serve on its board of directors, thereby expanding the board to seven members. DeMarco is Director, Co-Chief Investment Officer and Chief Compliance Officer for Stadium Capital Management, LLC, an investment advisory firm whose affiliated funds have been shareholders of the Company since 2006 and taken together are the Company's largest current shareholder.
“We have had a positive relationship with Stadium Capital over the five years they have been invested in our Company and are pleased to have Mr. DeMarco join our board of directors,” said Steven G. Miller, the Company's Chairman, President and Chief Executive Officer. “We believe that Dominic's 19 years of financial experience and his position with Stadium Capital will provide additional institutional investor perspective to our board and management team, and we look forward to working with him.”
Mr. DeMarco joined Stadium Capital in 1999 as an Associate. Prior to that, he was an Associate at Goldman Sachs Group, where he evaluated corporate, high yield and mortgage-backed debt, as well as derivatives for large institutional investors. Also at Goldman, Mr. DeMarco assisted in the structuring of corporate debt and derivative transactions on behalf of Canadian corporate and government entities. Mr. DeMarco is a graduate of Stanford University and the Stanford University Graduate School of Business.
Mr. DeMarco commented, “As a long-term shareholder, Stadium Capital appreciates Big 5's established business model, and we believe that our financial expertise and perspective as a large shareholder will help further the Company's efforts to drive earnings growth and enhance shareholder value.”
