Foot Locker faces three shareholder lawsuits over merger proxy; adds supplemental disclosures

FOOT LOCKER, INC.

Three individual actions filed in NY Supreme Court alleging false/misleading proxy statements and breach of fiduciary duty in DICK'S Sporting Goods merger.
Foot Locker denies all allegations but voluntarily supplements proxy to avoid risk of delaying the $24/share merger.
Supplemental disclosures expand on board's review of strategic alternatives, financial projections, and Evercore's fairness analysis.
Special meeting of Foot Locker shareholders to vote on merger scheduled for August 22, 2025.
Complaints also name DICK'S Sporting Goods in one instance; demands seek additional disclosures made.

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