8-K filed April 27, 2023, 7:59 PM ET ticker ASO CIK 0001817358

leadership confidence high sentiment neutral materiality 0.50

Academy Sports CEO Ken Hicks to become Executive Chairman; Steve Lawrence named CEO effective June 1, 2023

Academy Sports & Outdoors, Inc.

Ken Hicks will transition from President & CEO to Executive Chairman; Steve Lawrence named CEO & director.
Michael Mullican becomes President, retaining CFO role until successor named; Sam Johnson adds real estate duties.
Lawrence salary $1M, target bonus 175% of base; Hicks salary $700k, target bonus 120%.
Hicks led Academy from $4.8B sales (2018) to $6.4B (2022); net income grew from $58.5M to $628M.
Board increased from 9 to 10 directors; Lawrence appointed to Class I director seat.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Ken C. Hicks

Executive Chairman

ASO · Academy Sports & Outdoors, Inc.

Effective: 2023-06-01
Filed: April 27, 2023, 7:59 PM ET

Ken C. Hicks, President and Chief Executive Officer of Company and Chairman of the Board notified the Board of his decision to transition out of his roles as President and Chief Executive Officer of the Company, effective as of 12:01 a.m. Central Time on June 1, 2023

Appointed

Steven (Steve) P. Lawrence

Director

ASO · Academy Sports & Outdoors, Inc.

Effective: 2023-06-01
Filed: April 27, 2023, 7:59 PM ET

the Board appointed Mr. Lawrence to fill the newly created directorship as a Class I director of the Company

Role change

Michael P. Mullican

President

ASO · Academy Sports & Outdoors, Inc.

Effective: 2023-06-01
Filed: April 27, 2023, 7:59 PM ET

The Board also appointed Michael P. Mullican, Executive Vice President, Chief Financial Officer of the Company, to succeed Mr. Hicks as the President of the Company, effective as of the Transition Time.

Appointed

Steven (Steve) P. Lawrence

Chief Executive Officer

ASO · Academy Sports & Outdoors, Inc.

Effective: 2023-06-01
Filed: April 27, 2023, 7:59 PM ET

Steven (Steve) P. Lawrence, Executive Vice President, Chief Merchandising Officer of the Company, will succeed Mr. Hicks as the Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ken C. Hicks changed role as Executive Chairman at Academy Sports & Outdoors, Inc..

Action: transitioned
Role: Executive Chairman

Exact text from the filing

Ken C. Hicks, President and Chief Executive Officer of Company and Chairman of the Board notified the Board of his decision to transition out of his roles as President and Chief Executive Officer of the Company, effective as of 12:01 a.m. Central Time on June 1, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven (Steve) P. Lawrence was appointed as Director at Academy Sports & Outdoors, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Mr. Lawrence to fill the newly created directorship as a Class I director of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael P. Mullican was appointed as President at Academy Sports & Outdoors, Inc..

Action: appointed
Role: President

Exact text from the filing

The Board also appointed Michael P. Mullican, Executive Vice President, Chief Financial Officer of the Company, to succeed Mr. Hicks as the President of the Company, effective as of the Transition Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven (Steve) P. Lawrence was appointed as Chief Executive Officer at Academy Sports & Outdoors, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Steven (Steve) P. Lawrence, Executive Vice President, Chief Merchandising Officer of the Company, will succeed Mr. Hicks as the Chief Executive Officer of the Company.

View on SEC.gov

Academy Sports & Outdoors, Inc. filing history →

Source: SEC EDGAR

accession 0001817358-23-000087

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