Hibbett Sports, Inc. (NASDAQ/GS: HIBB), an athletic specialty retailer, reported on its 2016 Annual Meeting of Stockholders where two directors were re-elected for three-year terms that expire in 2019. These directors include Michael J. Newsome and Alton E. Yother.
Commenting on the retirement of Carl Kirkland and Tom Saunders from the Board, Jeff Rosenthal, President and Chief Executive Officer, said, “On behalf of Hibbett Sports, we want to thank Carl and Tom for their significant contributions to the Company over the past two decades. Both gentlemen have played important roles in the Company’s overall development, prosperity and vision. Their extensive business experience, sound judgment and faithful service have been invaluable to the successful and continuous growth of the Company. We very much appreciate all their years of service and wish them the very best in the future.”
Kirkland added, “It is with mixed emotions that I have decided the time is right for me to leave the Board of Hibbett Sports. I have enjoyed the last 19 years immensely, including watching the Company take great strides with expanding markets and future technology initiatives, as well as the challenges we as a company have faced along the way. I know the Company’s strategic direction and corporate governance remain in very capable hands.”
In other matters at the meeting, stockholders ratified the selection of KPMG LLP as the company’s independent registered public accounting firm for Fiscal 2017, approved by non-binding advisory vote the compensation of the Company’s executive officers, and approved the Company’s 2016 Executive Officer Cash Bonus Plan.
Hibbett Sports, Inc. operates athletic specialty stores in small to mid-sized markets, predominately in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company’s primary store format is Hibbett Sports, a 5,000-square-foot store located in strip centers and enclosed malls.
