8-K
filed July 25, 2024, 7:59 PM ET
CIK 0001017480
M&A
confidence high
sentiment neutral
materiality 1.00
Hibbett acquired by JD Sports Fashion for $87.50/share; ~$1.1B deal closed July 25
HIBBETT INC
- Stockholders received $87.50 cash per share; total consideration ~$1.1 billion.
- Hibbett delisted from Nasdaq immediately; public reporting obligations to be suspended.
- Mike Longo continues as President & CEO; Jared Briskin appointed COO.
- CFO Robert Volke to depart Oct 25, 2024, receiving severance under change-in-control agreement.
- Entire prior board replaced; new directors named from JD Sports.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Lorna E. Nagler resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael E. Longo resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
William G. Quinn resigned as other_named_officer at HIBBETT INC.
- Action
- resigned
Exact text from the filing
Effective upon completion of the Merger, the following persons, who were named executive officers of the Company immediately prior to the Effective Time, are no longer officers of the Company: William G. Quinn, Benjamin A. Knighten and Robert Volke.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Régis Schultz was appointed as Director at HIBBETT INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
Following the consummation of the Merger, each of Régis Schultz, Dominic Platt, Ian Roberts and Michael E. Longo were appointed as members of the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Linda Hubbard resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
James A. Hilt resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Dorlisa K. Flur resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ian Roberts was appointed as Director at HIBBETT INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
Following the consummation of the Merger, each of Régis Schultz, Dominic Platt, Ian Roberts and Michael E. Longo were appointed as members of the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Anthony F. Crudele resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Terrance G. Finley resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Karen S. Etzkorn resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Pamela J. Edwards resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Benjamin A. Knighten resigned as other_named_officer at HIBBETT INC.
- Action
- resigned
Exact text from the filing
Effective upon completion of the Merger, the following persons, who were named executive officers of the Company immediately prior to the Effective Time, are no longer officers of the Company: William G. Quinn, Benjamin A. Knighten and Robert Volke.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael E. Longo was appointed as Director at HIBBETT INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
Following the consummation of the Merger, each of Régis Schultz, Dominic Platt, Ian Roberts and Michael E. Longo were appointed as members of the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Robert Volke resigned as Senior Vice President and Chief Financial Officer at HIBBETT INC.
- Action
- resigned
- Role
- Senior Vice President and Chief Financial Officer
Exact text from the filing
On July 24, 2024, the Company entered into a letter agreement with Robert Volke (the “ Volke Agreement ”) providing for the termination of Mr. Volke’s employment as the Company’s Senior Vice President and Chief Financial Officer to pursue other opportunities, with the termination to be effective October 25, 2024
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Dominic Platt was appointed as Director at HIBBETT INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
Following the consummation of the Merger, each of Régis Schultz, Dominic Platt, Ian Roberts and Michael E. Longo were appointed as members of the Company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ramesh Chikkala resigned as Director at HIBBETT INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, Anthony F. Crudele, Pamela J. Edwards, James A. Hilt, Ramesh Chikkala, Karen S. Etzkorn, Terrance G. Finley, Dorlisa K. Flur, Linda Hubbard, Michael E. Longo and Lorna E. Nagler ceased serving as members of the Company’s board of directors and each committee thereof.
View on SEC.gov
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