secwatch.observer — SEC 8-K summary
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Issuer:     Academy Sports & Outdoors, Inc. (ASO)
CIK:        0001817358
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001817358-23-000087
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817358/000181735823000087/0001817358-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817358/000181735823000087/aso-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001817358-23-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer