Hibbett Sporting Goods, Inc. moved itself under the command of the holding company it created named Hibbett Sports, Inc. The holding company was formed to “correct a technical error with respect to certain of the company's shares and to separate the new parent organization from the existing operating business.”
Stockholders need not worry, though, as shares will be exchanged on a one-for-one basis for common stock of Hibbett Sports, Inc. The company will continue to trade on the NASDAQ under the ticker symbol HIBB.
