Attached files
| file | filename |
|---|---|
| 8-K - F2011 EXECUTIVE COMPENSATION - HIBBETT INC | f11_exec-comp.htm |
EXHIBIT
99.1
|
|
Contact:
|
Gary
Smith
|
|
Senior
Vice President &
|
||
|
Chief
Financial Officer
|
||
|
(205)
942-4292
|
HIBBETT
PROMOTES ROSENTHAL TO CEO
BIRMINGHAM,
Ala. (March 10, 2010) – Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a
sporting goods retailer, today announced that Mickey Newsome,
the Company’s Chairman and Chief Executive Officer, will become Executive
Chairman of the Company. Jeffry O. Rosenthal, the Company’s President and Chief
Operating Officer, has been promoted to President and Chief Executive Officer.
Both moves are effective March 15, 2010.
Mickey
Newsome, Executive Chairman, stated, “I am pleased to announce Jeff Rosenthal
has been named Chief Executive Officer of the Company. I have worked
closely with Jeff over the last 12 years; first in his role as Vice President of
Merchandising and Marketing, and most recently as President and
COO. His extraordinary leadership and 29 years experience in the
sporting goods industry have been key contributors to the success and growth of
Hibbett Sports. As Executive Chairman, I look forward to working with
Jeff as we continue to add value for both our shareholders and our
associates."
Hibbett
Sports, Inc. operates sporting goods stores in small to mid-sized markets,
predominately in the Southeast, Southwest, Mid-Atlantic and the lower 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.
A
WARNING ABOUT FORWARD LOOKING STATEMENTS: Certain matters discussed
in this press release are "forward looking statements" as that term is used in
the Private Securities Litigation Reform Act of 1995. Forward looking
statements address future events, developments or results and typically use
words such as believe, anticipate, expect, intend, plan, forecast, guidance,
outlook, or estimate and include statements about adding value for our
shareholders and associates. Such statements are subject to risks and
uncertainties that could cause actual results to differ materially, including
economic conditions, industry trends, merchandise trends, vendor relationships,
customer demand, and competition. For a discussion of these factors,
as well as others which could affect our business, you should carefully review
our Annual Report and other reports filed from time to time with the Securities
and Exchange Commission, including the "Risk Factors," "Business" and "MD&A"
sections in our Annual Report on Form 10-K filed on March 31, 2009 and in our
quarterly reports on Forms 10-Q filed on June 3, 2009, September 4, 2009 and
December 8, 2009. In light of these risks and uncertainties, the
future events, developments or results described by our forward looking
statements in this document could turn out to be materially and adversely
different from those we discuss or imply. We are not obligated to
release publicly any revisions to any forward looking statements contained in
this press release to reflect events or circumstances occurring after the date
of this report and you should not expect us to do so.
END
OF EXHIBIT 99.1