Hibbett Sporting Goods, Inc. announced that H. Ray Compton will not seek re-election to the company's board of directors. His retirement will be effective at the company's annual meeting of stockholders on May 31, 2005.
Mr. Compton has been a member of the board of directors since January 1997 and is currently chairman of the audit committee. He will be replaced by Alton E. Yother as chair of the audit committee.
Mickey Newsome, chairman of the board, president and chief executive officer, stated, “On behalf of a grateful company and board of directors, I would like to thank Ray for his many years of service to Hibbett Sporting Goods and its stockholders. Ray's experience as a co-founder and former chief financial officer of Dollar Tree Stores has provided valuable insights as we have successfully executed our growth plans. We wish him well in his retirement.”
