Hibbett Sporting Goods, Inc. announced that its Board of Directors has approved a 3-for-2 stock split. The stock split will be affected in the form of a 50% stock dividend, and the new shares will be distributed on or about July 15, 2003, to stockholders of record on June 27, 2003.
Following the effective date of the split, the Company will have approximately 15,287,000 shares of common stock outstanding, 950,574 shares which may be issued upon the exercise of outstanding options and 713,184 which may be issued upon the exercise of options which may be granted in the future under the Company’s stock option plans or issued in the future under the Company’s stock purchase plan.
