DELAWARE
(State
or other jurisdiction of incorporation or organization)
|
20-8159608
(I.R.S.
Employer Identification No.)
|
Yes
|
X
|
No
|
Large
accelerated filer
|
X
|
Accelerated
filer
|
||
Non-accelerated
filer
|
Smaller
reporting company
|
Yes
|
No
|
X
|
HIBBETT
SPORTS, INC.
|
|||
INDEX
|
|||
Page
|
|||
PART
I. FINANCIAL
INFORMATION
|
|||
Item
1.
|
|||
Unaudited Condensed
Consolidated Balance Sheets at May 3, 2008 and February 2,
2008
|
1
|
||
Unaudited Condensed
Consolidated Statements of Operations for the Thirteen Weeks
Ended May 3, 2008 and May 5, 2007
|
2
|
||
Unaudited Condensed
Consolidated Statements of Cash Flows for the Thirteen Weeks
Ended May 3, 2008 and May 5, 2007
|
3
|
||
Unaudited Condensed
Consolidated Statements of Stockholders’ Investment at May 3,
2008 and February 2, 2008
|
4
|
||
5
|
|||
Item
2.
|
Management’s Discussion and
Analysis of Financial Condition and Results of
Operations.
|
17
|
|
Item
3.
|
21
|
||
Item
4.
|
21
|
||
PART
II. OTHER
INFORMATION
|
|||
Item
1.
|
22
|
||
Item
1A.
|
22
|
||
Item
2.
|
22
|
||
Item
3.
|
23
|
||
Item
4.
|
23
|
||
Item
5.
|
23
|
||
Item
6.
|
23
|
||
24
|
|
·
|
our
anticipated sales, including comparable store net sales changes, net sales
growth and earnings;
|
|
·
|
our
growth, including our plans to add, expand or relocate stores and square
footage growth, our market’s ability to support such growth and the
suitability of our distribution
facilities;
|
|
·
|
the
possible effect of pending legal actions and other
contingencies;
|
|
·
|
our
cash needs, including our ability to fund our future capital expenditures
and working capital requirements;
|
|
·
|
our
ability and plans to renew or increase our revolving credit
facilities;
|
|
·
|
our
seasonal sales patterns and assumptions concerning customer buying
behavior;
|
|
·
|
our
ability to renew or replace store leases
satisfactorily;
|
|
·
|
our
estimates and assumptions as they relate to preferable tax and financial
accounting methods, accruals, inventory valuations, dividends, carrying
amount and liquidity of financial instruments and fair value of options
and other stock-based compensation as well as our estimates of economic
and useful lives of depreciable assets and
leases;
|
|
·
|
our
expectations concerning future stock-based award
types;
|
|
·
|
our
expectations concerning employee option exercise
behavior;
|
|
·
|
the
possible effect of inflation, market decline and other economic changes on
our costs and profitability;
|
|
·
|
our
analyses of trends as related to earnings
performance;
|
|
·
|
our
target market presence and its expected impact on our sales
growth;
|
|
·
|
our
expectations concerning vendor level purchases and related
discounts;
|
|
·
|
our
estimates and assumptions related to income tax liabilities and uncertain
tax positions; and
|
|
·
|
the
possible effect of recent accounting
pronouncements.
|
ITEM 1.
|
Financial
Statements.
|
ASSETS
|
May
3, 2008
|
February
2, 2008
|
||||||
Current
Assets:
|
||||||||
Cash
and cash equivalents
|
$ | 6,548 | $ | 10,742 | ||||
Short-term
investments
|
227 | 191 | ||||||
Trade
receivables, net
|
1,686 | 1,899 | ||||||
Accounts
receivable, other
|
4,056 | 3,676 | ||||||
Inventories
|
151,253 | 141,406 | ||||||
Prepaid
expenses and other
|
5,564 | 5,348 | ||||||
Deferred
income taxes, net
|
2,663 | 2,725 | ||||||
Total
current assets
|
171,997 | 165,987 | ||||||
Property
and Equipment:
|
||||||||
Land
and building
|
245 | 245 | ||||||
Equipment
|
40,934 | 40,338 | ||||||
Furniture
and fixtures
|
21,313 | 20,991 | ||||||
Leasehold
improvements
|
59,196 | 57,599 | ||||||
Construction
in progress
|
2,497 | 2,564 | ||||||
124,185 | 121,737 | |||||||
Less
accumulated depreciation and amortization
|
78,134 | 75,232 | ||||||
Total
property and equipment
|
46,051 | 46,505 | ||||||
Non-current
Assets:
|
||||||||
Deferred
income taxes
|
4,121 | 3,780 | ||||||
Other,
net
|
416 | 462 | ||||||
Total
non-current assets
|
4,537 | 4,242 | ||||||
Total
Assets
|
$ | 222,585 | $ | 216,734 | ||||
LIABILITIES
AND STOCKHOLDERS' INVESTMENT
|
||||||||
Current
Liabilities:
|
||||||||
Accounts
payable
|
$ | 63,415 | $ | 64,125 | ||||
Accrued
income taxes
|
5,147 | 688 | ||||||
Accrued
payroll expenses
|
2,758 | 4,432 | ||||||
Deferred
rent
|
4,392 | 4,379 | ||||||
Short-term
debt
|
10,699 | - | ||||||
Other
accrued expenses
|
2,459 | 2,980 | ||||||
Total
current liabilities
|
88,870 | 76,604 | ||||||
Non-current
Liabilities:
|
||||||||
Deferred
rent
|
17,825 | 18,012 | ||||||
Deferred
income taxes
|
3,097 | 2,968 | ||||||
Other,
net
|
164 | 95 | ||||||
Total
non-current liabilities
|
21,086 | 21,075 | ||||||
Stockholders'
Investment:
|
||||||||
Preferred
stock, $.01 par value, 1,000,000 shares authorized,
|
||||||||
no
shares issued
|
- | - | ||||||
Common
stock, $.01 par value, 80,000,000 shares authorized,
|
||||||||
36,201,987
and 36,162,201 shares issued at May 3, 2008
|
||||||||
and
February 2, 2008, respectively
|
362 | 362 | ||||||
Paid-in
capital
|
88,284 | 87,142 | ||||||
Retained
earnings
|
190,927 | 181,555 | ||||||
Treasury
stock at cost; 7,761,813 and 6,723,113 shares repurchased
|
||||||||
at
May 3, 2008 and February 2, 2008, respectively
|
(166,944 | ) | (150,004 | ) | ||||
Total
stockholders' investment
|
112,629 | 119,055 | ||||||
Total
Liabilities and Stockholders' Investment
|
$ | 222,585 | $ | 216,734 |
Thirteen
Weeks Ended
|
||||||||
May
3, 2008
|
May
5, 2007
|
|||||||
Net
sales
|
$ | 145,825 | $ | 133,842 | ||||
Cost
of goods sold, including distribution
|
||||||||
center
and store occupancy costs
|
98,013 | 88,789 | ||||||
Gross
profit
|
47,812 | 45,053 | ||||||
Store
operating, selling and administrative
|
||||||||
expenses
|
29,099 | 26,031 | ||||||
Depreciation
and amortization
|
3,279 | 2,920 | ||||||
Operating
income
|
15,434 | 16,102 | ||||||
Interest
income
|
8 | 394 | ||||||
Interest
expense
|
130 | 1 | ||||||
Interest
(expense) income, net
|
(122 | ) | 393 | |||||
Income
before provision for income taxes
|
15,312 | 16,495 | ||||||
Provision
for income taxes
|
5,940 | 6,268 | ||||||
Net
income
|
$ | 9,372 | $ | 10,227 | ||||
Basic
earnings per share
|
$ | 0.33 | $ | 0.32 | ||||
Diluted
earnings per share
|
$ | 0.32 | $ | 0.32 | ||||
Weighted
average shares outstanding:
|
||||||||
Basic
|
28,706,737 | 31,671,284 | ||||||
Diluted
|
29,080,625 | 32,219,329 |
Thirteen
Weeks Ended
|
||||||||
May
3,
|
May
5,
|
|||||||
2008
|
2007
|
|||||||
Cash
Flows From Operating Activities:
|
||||||||
Net
income
|
$ | 9,372 | $ | 10,227 | ||||
Adjustments
to reconcile net income to net cash
|
||||||||
provided
by (used in) operating activities:
|
||||||||
Depreciation
and amortization
|
3,279 | 2,920 | ||||||
Deferred
income tax (benefit) expense, net
|
(150 | ) | 1,159 | |||||
Excess
tax benefit from stock option exercises
|
(15 | ) | (455 | ) | ||||
Loss
on disposal of assets, net
|
18 | 15 | ||||||
Stock-based
compensation
|
1,161 | 1,754 | ||||||
Changes
in operating assets and liabilities:
|
||||||||
Trade
receivables, net
|
214 | 551 | ||||||
Accounts
receivable, other
|
(380 | ) | 137 | |||||
Inventories
|
(9,847 | ) | (7,987 | ) | ||||
Prepaid
expenses and other current assets
|
(217 | ) | (65 | ) | ||||
Accrued
income taxes
|
4,303 | 15 | ||||||
Other
assets, non-current
|
45 | (3 | ) | |||||
Accounts
payable
|
(709 | ) | (5,437 | ) | ||||
Deferred
rent, non-current
|
(187 | ) | (177 | ) | ||||
Accrued
expenses and other
|
(2,114 | ) | (2,795 | ) | ||||
Net
cash provided by (used in) operating activities
|
4,773 | (141 | ) | |||||
Cash
Flows From Investing Activities:
|
||||||||
Purchase
of short-term investments, net
|
(35 | ) | (292 | ) | ||||
Capital
expenditures
|
(2,875 | ) | (2,466 | ) | ||||
Proceeds
from sale of property and equipment
|
32 | - | ||||||
Net
cash used in investing activities
|
(2,878 | ) | (2,758 | ) | ||||
Cash
Flows From Financing Activities:
|
||||||||
Cash
used for stock repurchases
|
(16,940 | ) | (9,901 | ) | ||||
Proceeds
from borrowings on revolving credit facility, net
|
10,699 | - | ||||||
Excess
tax benefit from stock option exercises
|
15 | 455 | ||||||
Proceeds
from options exercised and purchase of
|
||||||||
shares
under the employee stock purchase plan
|
137 | 682 | ||||||
Net
cash used in financing activities
|
(6,089 | ) | (8,764 | ) | ||||
Net
Decrease in Cash and Cash Equivalents
|
(4,194 | ) | (11,663 | ) | ||||
Cash
and Cash Equivalents, Beginning of Period
|
10,742 | 30,367 | ||||||
Cash
and Cash Equivalents, End of Period
|
$ | 6,548 | $ | 18,704 | ||||
Supplemental
Disclosures of Cash Flow Information:
|
||||||||
Cash
paid during the period for:
|
||||||||
Interest
|
$ | 127 | $ | - | ||||
Income
taxes, net of refunds
|
$ | 1,787 | $ | 5,094 | ||||
Supplemental
Schedule of Non-Cash Financing Activities:
|
||||||||
Deferred board
compensation
|
$ | 10 | $ | 9 | ||||
Shares
awarded to satisfy deferred board compensation
|
664 | 306 |
Common
Stock
|
Treasury
Stock
|
||||||||||||||||||||||
Number
of Shares
|
Amount
|
Paid-In
Capital
|
Retained
Earnings
|
Number
of Shares
|
Amount
|
Total Stockholders'
Investment
|
|||||||||||||||||
Balance-February
3, 2007
|
36,047,732 | $ | 360 | $ | 81,916 | $ | 151,697 | 4,306,413 | $ | (97,332 | ) | $ | 136,641 | ||||||||||
Net
income
|
30,329 | 30,329 | |||||||||||||||||||||
Cumulative
effect of adopting FIN No. 48
|
(554 | ) | (554 | ) | |||||||||||||||||||
Cumulative
effect of change in accounting principle, net
|
83 | 83 | |||||||||||||||||||||
Issuance
of shares from the employee stock purchase plan and the exercise of stock
options, including tax benefit of $275
|
114,469 | 2 | 1,549 | 1,551 | |||||||||||||||||||
Purchase
of shares under the stock repurchase program
|
2,416,700 | (52,672 | ) | (52,672 | ) | ||||||||||||||||||
Stock-based
compensation
|
3,677 | 3,677 | |||||||||||||||||||||
Balance-February
2, 2008
|
36,162,201 | 362 | 87,142 | 181,555 | 6,723,113 | (150,004 | ) | 119,055 | |||||||||||||||
Net
income
|
9,372 | 9,372 | |||||||||||||||||||||
Issuance
of shares from the employee stock purchase plan and the exercise of stock
options, including tax benefit of $15
|
39,786 | 151 | 151 | ||||||||||||||||||||
Tax
shortfall on release of restricted stock
|
(170 |
)
|
(170 | ) | |||||||||||||||||||
Purchase
of shares under the stock repurchase program
|
1,038,700 | (16,940 | ) | (16,940 | ) | ||||||||||||||||||
Stock-based
compensation
|
1,161 | 1,161 | |||||||||||||||||||||
Balance-May
3, 2008
|
36,201,987 | $ | 362 | $ | 88,284 | $ | 190,927 | 7,761,813 | $ | (166,944 | ) | $ | 112,629 |
1.
|
Basis
of Presentation and Accounting
Policies
|
|
(a)
|
the
reported amounts of certain assets and
liabilities,
|
(b)
|
the disclosure of certain contingent assets and liabilities at the date of the condensed consolidated financial statements, and | |
|
(c)
|
the
reported amounts of certain revenues and expenses during the reporting
period.
|
Thirteen
Weeks Ended
|
||||||||
May
3,
|
May
5,
|
|||||||
2008
|
2007
|
|||||||
Gross
advertising costs
|
$ | 1,843 | $ | 1,629 | ||||
Advertising
reimbursements
|
(1,263 | ) | (1,226 | ) | ||||
Net
advertising costs
|
$ | 580 | $ | 403 |
|
·
|
Level
I – Quoted prices in active markets for identical assets or
liabilities.
|
|
·
|
Level
II – Observable inputs other than quoted prices included in Level I, such
as quoted prices for markets that are not active; or other inputs that are
observable or can be corroborated by observable market
data.
|
|
·
|
Level
III – Unobservable inputs that are supported by little or no market
activity and that are significant to the fair value of the assets or
liabilities. This includes certain pricing models, discounted
cash flow methodologies and similar techniques that use significant
unobservable inputs.
|
Level
I
|
Level
II
|
Level
III
|
Total
|
|||||||||||||
Short-term
investments
|
$ | 227 | $ | - | $ | - | $ | 227 |
|
(a)
|
The
2005 Equity Incentive Plan (Incentive Plan) provides that the Board of
Directors (Board) may grant equity awards to certain employees of the
Company at its discretion. The Incentive Plan was adopted
effective July 1, 2005 and authorizes grants of equity awards of up to
1,233,159 authorized but unissued shares of common stock. At
May 3, 2008, there were 780,947 shares available for grant under the
Incentive Plan.
|
(b)
|
The
2005 Employee Stock Purchase Plan (ESPP) allows for qualified employees to
participate in the purchase of up to 204,794 shares of our common stock at
a price equal to 85% of the lower of the closing price at the beginning or
end of each quarterly stock purchase period. The ESPP was
adopted effective July 1, 2005. At May 3, 2008, there were
152,790 shares available for purchase under the
ESPP.
|
|
(c)
|
The
2005 Director Deferred Compensation Plan (Deferred Plan) allows
non-employee directors an election to defer all or a portion of their fees
into stock units or stock options. The Deferred Plan was
adopted effective July 1, 2005 and authorizes grants of stock up to
112,500 authorized but unissued shares of common stock. At May
3, 2008, there were 109,388 shares available for grant under the Deferred
Plan.
|
(d)
|
The
2006 Non-Employee Director Equity Plan (DEP) provides for grants of equity
awards to non-employee directors. The DEP was adopted effective
June 1, 2006 and authorizes grants of equity awards of up to 672,975
authorized but unissued shares of common stock. At May 3, 2008,
there were 588,522 shares available for grant under the
DEP.
|
Thirteen
Weeks Ended
|
||||||||
May
3,
|
May
5,
|
|||||||
2008
|
2007
|
|||||||
Stock-based
compensation expense by type:
|
||||||||
Stock
options
|
$ | 752 | $ | 861 | ||||
Restricted
stock awards
|
377 | 854 | ||||||
Employee
stock purchase
|
22 | 30 | ||||||
Director
deferred compensation
|
10 | 9 | ||||||
Total
stock-based compensation expense
|
1,161 | 1,754 | ||||||
Tax
benefit recognized
|
316 | 505 | ||||||
Stock-based
compensation expense, net of tax
|
$ | 845 | $ | 1,249 |
Thirteen
Weeks Ended May 3, 2008
|
|||||
Grant
date
|
3/14/08
|
3/18/08
|
3/31/08
|
||
Weighted
average fair value at date of grant
|
$5.92
|
$6.36
|
$6.67
|
||
Expected
option life (years)
|
4.20
|
4.20
|
4.20
|
||
Expected
volatility
|
50.61%
|
50.89%
|
51.68%
|
||
Risk-free
interest rate
|
2.12%
|
2.19%
|
2.27%
|
||
Dividend
yield
|
None
|
None
|
None
|
Number
of Shares
|
Weighted
Average Exercise Price
|
Weighted
Average Remaining Contractual Term (Years)
|
Aggregate
Intrinsic Value ($000's)
|
|||||||||||||
Options
outstanding at February 2, 2008
|
1,283,758 | $ | 15.89 | $ | 7,559 | |||||||||||
Granted
|
47,208 | 14.56 | ||||||||||||||
Exercised
|
(8,510 | ) | 6.24 | |||||||||||||
Forfeited,
cancelled or expired
|
(862 | ) | 21.70 | |||||||||||||
Options
outstanding at May 3, 2008
|
1,321,594 | $ | 15.90 | 5.68 | $ | 6,755 | ||||||||||
Exercisable
at May 3, 2008
|
1,034,311 | $ | 13.78 | 5.46 | $ | 6,580 |
Number
of Awards
|
Weighted-Average
Grant Date Fair Value
|
|||||||
Restricted
stock awards outstanding at February 2, 2008
|
143,046 | $ | 29.28 | |||||
Granted
|
230,255 | 15.11 | ||||||
Vested
|
(24,900 | ) | 32.37 | |||||
Forfeited,
cancelled or expired
|
(659 | ) | 19.61 | |||||
Restricted
stock awards outstanding at May 3, 2008
|
347,742 | $ | 19.68 |
Thirteen
Weeks Ended
|
|||||||
May
3,
|
May
5,
|
||||||
2008
|
2007
|
||||||
Net
income, in thousands
|
$ | 9,372 | $ | 10,227 | |||
Weighted
average number of common shares outstanding
|
28,706,737 | 31,671,284 | |||||
Stock
options
|
300,720 | 500,249 | |||||
Restricted
stock
|
73,168 | 47,796 | |||||
Weighted
average number of common shares outstanding and dilutive
shares
|
29,080,625 | 32,219,329 | |||||
Basic
earnings per common share
|
$ | 0.33 | $ | 0.32 | |||
Diluted
earnings per common share
|
$ | 0.32 | $ | 0.32 |
Remaining
Fiscal 2009
|
$ | 30,701 | ||
Fiscal
2010
|
36,352 | |||
Fiscal
2011
|
29,619 | |||
Fiscal
2012
|
23,500 | |||
Fiscal
2013
|
18,142 | |||
Fiscal
2014
|
11,633 | |||
Thereafter
|
21,366 | |||
TOTAL
|
$ | 171,313 |
ITEM
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations.
|
Thirteen
Weeks Ended
|
||||||||
May
3,
|
May
5,
|
|||||||
2008
|
2007
|
|||||||
Net
sales
|
100.0 | % | 100.0 | % | ||||
Costs
of goods sold, including distribution and store occupancy
costs
|
67.2 | 66.3 | ||||||
Gross
profit
|
32.8 | 33.7 | ||||||
Store
operating, selling and administrative expenses
|
20.0 | 19.5 | ||||||
Depreciation
and amortization
|
2.3 | 2.2 | ||||||
Operating
income
|
10.6 | 12.0 | ||||||
Interest
income
|
- | 0.4 | ||||||
Interest
expense
|
0.1 | 0.1 | ||||||
Interest
(expense) income, net
|
(0.1 | ) | 0.3 | |||||
Income
before provision for income taxes
|
10.5 | 12.3 | ||||||
Provision
for income taxes
|
4.1 | 4.7 | ||||||
Net
income
|
6.4 | % | 7.6 | % |
|
·
|
We
opened 14 Hibbett Sports stores and closed 3 in the thirteen weeks ended
May 3, 2008. New stores and stores not in the comparable store
net sales calculation increased $11.8 million during the thirteen week
period.
|
|
·
|
We
experienced a 0.1% increase in comparable store net sales for the thirteen
weeks ended May 3, 2008. Higher comparable store net sales
contributed $0.2 million to the increase in net
sales.
|
|
·
|
Branded
activewear performed well across all genders (men’s, women’s and
children’s) led by Under Armour and Nike posting mid-single- to
double-digit improvements. Urban lifestyle apparel business
remained down.
|
|
·
|
College
licensed business was up single-digits while pro licensed was down
single-digits going against strong comparisons from last year’s Super Bowl
featuring the Colts and Bears.
|
|
·
|
Footwear
was up single-digits overall with youth footwear performing well despite
going up against strong comps from a year ago due to
Heelys. Strong performers included Nike Shox, Air Force Ones,
Jordans, Adidas Bounce, Asics Technical Running, DC Shoes and Under Armour
Cross Training. Classics and urban footwear continued their
downward trend.
|
|
·
|
Equipment
was down double-digits due to continued weakness in the fitness category
and weakness in higher priced performance products in team
sports.
|
|
·
|
Strip
center locations continue to outperform enclosed mall stores and non-urban
stores continue to outperform urban locations. The price of a
unit sold decreased approximately 3%, but this was offset by an increase
in units sold.
|
|
·
|
Salary
and benefit costs increased in our stores by 78 basis points, resulting
primarily from increased incentive sales pay and increases in minimum
wage. These costs increased slightly at the administrative
level, partly as the result of an increase in corporate employee
headcount.
|
|
·
|
Net
advertising expenses intensified as we increased our advertising efforts
for new stores. Store training expenses increased with more
participation in Hibbett U offered at our corporate
offices. Maintenance expenses increased in our stores as we
outfitted some locations for various
displays.
|
|
·
|
Somewhat
offsetting the increases above was a decrease in stock-based compensation
expense as the result of lower fair values and the timing of the expensing
of certain executive grants.
|
Thirteen
Weeks Ended
|
||||||||
May
3,
|
May
5,
|
|||||||
2008
|
2007
|
|||||||
Net
cash provided by (used in) operating activities:
|
$ | 4,773 | $ | (141 | ) | |||
Net
cash used in investing activities:
|
(2,878 | ) | (2,758 | ) | ||||
Net
cash used in financing activities:
|
(6,089 | ) | (8,764 | ) | ||||
Net
decrease in cash and cash equivalents
|
$ | (4,194 | ) | $ | (11,663 | ) |
ITEM
3.
|
Quantitative
and Qualitative Disclosures About Market
Risk.
|
ITEM
4.
|
Controls
and Procedures.
|
ITEM
1.
|
Legal
Proceedings.
|
ITEM
1A.
|
Risk
Factors.
|
ITEM
2.
|
Unregistered
Sales of Equity Securities and Use of
Proceeds.
|
Period
|
Total
Number of Shares Purchased
|
Average
Price per Share
|
Total
Number of Shares Purchased as Part of Publicly Announced
Programs
|
Approximate
Dollar Value of Shares that may yet be Purchased Under the
Programs
|
|||||||
As
of February 2, 2008
|
6,723,113 | $ | 22.31 | 6,723,113 | $ | 99,996,000 | |||||
February
3, 2008 to March 1, 2008
|
575,500 | 17.37 | 575,500 | 89,997,000 | |||||||
March
2, 2008 to April 5, 2008
|
463,200 | 14.99 | 463,200 | 83,056,000 | |||||||
April
6, 2008 to May 3, 2008
|
- | - | - | 83,056,000 | |||||||
Quarter
ended May 3, 2008
|
1,038,700 | 16.31 | 1,038,700 | 83,056,000 | |||||||
TOTAL
since inception
|
7,761,813 | $ | 21.51 | 7,761,813 | $ | 83,056,000 |
(1)
|
In
August 2004, the Board of Directors authorized a plan to repurchase our
common stock. The Board of Directors has subsequently authorized increases
to this plan with a current authorization effective November 2007 of
$250.0 million. The current authorization expires on January
30, 2010. Considering stock repurchases through May 3, 2008, we
have approximately $83.1 million of the total authorization remaining for
future stock repurchases.
|
ITEM
3.
|
Defaults
Upon Senior Securities.
|
ITEM
4.
|
Submission
of Matters to a Vote of Security
Holders.
|
ITEM
5.
|
Other
Information.
|
ITEM
6.
|
Exhibits.
|
Exhibit
No.
|
||
10.1
|
Credit
Agreement between the Company and Bank of America, N.A., dated as of
February 4, 2008; incorporated by reference as Exhibit 10.1 to the
Registrant’s Form 8-K filed with the Securities and Exchange Commission on
February 5, 2008.
|
|
10.2
|
Sub-Sub-Sublease
Agreement between Hibbett Sporting Goods, Inc. and Books-A-Million, dated
April 23, 1996; incorporated by reference as Exhibit 10.3 to the
Registrant’s Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on September 7, 2006.
|
|
31.1
|
*
|
Rule
13a-14(a)/15d-14(a) Certification of Chief Executive
Officer
|
31.2
|
*
|
Rule
13a-14(a)/15d-14(a) Certification of Chief Financial
Officer
|
32.1
|
*
|
Section
1350 Certification of Chief Executive Officer
|
32.2
|
*
|
Section
1350 Certification of Chief Financial Officer
|
*
|
Filed
Within
|
HIBBETT
SPORTS, INC.
|
||
By:
|
/s/
Gary A. Smith
|
|
Gary
A. Smith
|
||
Vice
President & Chief Financial Officer
|
||
Date: June 11,
2008
|
(Principal
Financial Officer and Chief Accounting
Officer)
|
Exhibit
No.
|
||
10.1
|
Credit
Agreement between the Company and Bank of America, N.A., dated as of
February 4, 2008; incorporated by reference as Exhibit 10.1 to the
Registrant’s Form 8-K filed with the Securities and Exchange Commission on
February 5, 2008.
|
|
10.2
|
Sub-Sub-Sublease
Agreement between Hibbett Sporting Goods, Inc. and Books-A-Million, dated
April 23, 1996; incorporated by reference as Exhibit 10.3 to the
Registrant’s Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on September 7, 2006.
|
|
31.1
|
*
|
Rule
13a-14(a)/15d-14(a) Certification of Chief Executive
Officer
|
31.2
|
*
|
Rule
13a-14(a)/15d-14(a) Certification of Chief Financial
Officer
|
32.1
|
*
|
Section
1350 Certification of Chief Executive Officer
|
32.2
|
*
|
Section
1350 Certification of Chief Financial Officer
|
*
|
Filed
Within
|