<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
---------------------
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 4, 2000
HIBBETT SPORTING GOODS, INC.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Delaware 000-20969 63-1074067
(State of other jurisdiction Commission file number (I.R.S. Employer
of Incorporation or organization) Identification No.)
</TABLE>
<TABLE>
<S> <C>
451 Industrial Lane
Birmingham, Alabama 35211
(Address of Principal Executive Offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code:
(205) 942-4292
Not applicable
(Former name or former address, if changed since last report)
================================================================================
Item 5. Other Events
Attached as an exhibit is a press release issued by Hibbett Sporting
Goods, Inc. on April 4, 2000 announcing a share repurchase program pursuant to
which the company may repurchase up to 1,000,000 shares of its common stock.
Item 7. Financial Statements and Exhibits
Exhibit 99 -- Press Release, dated April 4, 2000, issued by Hibbett Sporting
Goods, Inc.
Signatures
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
HIBBETT SPORTING GOODS, INC.
Date: April 4, 2000 By: /s/ Susan H. Fitzgibbon
-------------------------
Susan H. Fitzgibbon
Vice President and Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit # Description
- --------- -----------
99 Press Release, dated April 4, 2000, issued by Hibbett Sporting
Goods, Inc.
TYPE EX-99
SEQUENCE 2
DESCRIPTION PRESS RELEASE DATED APRIL 4, 2000
2
<PAGE>
Contact: Susan H. Fitzgibbon
Vice President &
Chief Financial Officer
(205) 942-4292
HIBBETT ANNOUNCES APPROVAL FOR STOCK REPURCHASE
BIRMINGHAM, Ala. (April 4, 2000) - Hibbett Sporting Goods, Inc.
(Nasdaq/NM:HIBB), today announced that the Board of Directors approved the
purchase by the Company and certain of its affiliates of up to one million
shares of the Company's outstanding common stock. Approximately 6.4 million
shares of Hibbett common stock are currently outstanding. Repurchases may be
made over time in the open market, with the amount and timing of repurchases
depending on market conditions, at the discretion of the Company's management.
Commenting on the announcement, Michael J. Newsome, President and Chief
Executive Officer, stated, "Despite the challenges many of our competitors have
experienced, we continue to successfully execute our new store expansion program
and remain optimistic about the outlook for our business. Although our earnings
per share have grown at a compounded rate of nearly 30% over the past three
years, we believe recent market valuations have created a unique investment
opportunity for the Company.
"Our financial position remains strong. We continue to finance the majority
of our growth with internally generated cash flow and have recently obtained
bank commitments, subject to final documentation, to add $20 million to our
credit facilities bringing the total available to $52 million. Currently, we
have no debt obligations other than approximately $200,000 outstanding under
these facilities."
Hibbett Sporting Goods, Inc. is a rapidly growing, full-line sporting goods
retailer operating 224 stores in small markets in 19 states, predominately in
the Southeast. The Company's primary store format is Hibbett Sports, a 5,000-
square foot store located in enclosed malls and dominant strip centers.
Certain matters discussed in this press release are subject to certain
risks and uncertainties that could cause actual results to differ materially,
including, but not limited to general and regional economic conditions, industry
trends, merchandise trends, vendor relationships, customer demand, and
competition. A complete description of these factors, as well as others which
could affect the Company's business, is set forth in the Company's periodic
filings, including its Form 10K and Registration Statement on Form S-1, filed
with the Securities and Exchange Commission on October 1, 1997, and any
amendments thereto.
