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 NOVEMBER 12, 1999
THE SPORTS AUTHORITY, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-13426 36-3511120
- ------------------------------- ------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3383 N. State Road 7, Ft. Lauderdale, Florida 33319
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(954) 735-1701
----------------------------------------------------
(Registrant's telephone number, including area code)
<PAGE>
ITEM 5. OTHER EVENTS
On November 9, 1999, the Company's Board of Directors elected Martin E.
Hanaka as Chairman of the Board, effective immediately. Mr. Hanaka will continue
to serve as Chief Executive Officer, a position he has held since September
1998. The news release is attached hereto as an exhibit.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following exhibits are filed with this report:
99 News Release, dated November 11, 1999.
2
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE SPORTS AUTHORITY, INC.
Date: November 12, 1999 By: /S/ GEORGE MIHALKO
--------------------------------
George Mihalko
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
3
<PAGE>
EXHIBIT INDEX
EXHIBIT
- -------
99 News Release dated November 11, 1999.
EXHIBIT 99
[GRAPHIC OMITTED]
November 11, 1999
FOR IMMEDIATE RELEASE
CONTACT: THE SPORTS AUTHORITY, INC.
George Mihalko
Executive Vice President & Chief Financial Officer
(954) 677-6360
THE SPORTS AUTHORITY NAMES HANAKA CHAIRMAN OF THE BOARD
================================================================================
Fort Lauderdale, Florida, November 11, 1999--The Sports Authority, Inc. (NYSE:
TSA) today announced that its Board of Directors elected Martin E. Hanaka, as
Chairman, effective immediately. In addition to Chairman of the Board, Mr.
Hanaka will continue to serve as Chief Executive Officer, a position he has held
since September 1998.
Ms. Carol Farmer, Chairperson of the Corporate Governance Committee, stated,
"The Board feels confident that Marty has developed a strong strategic direction
and has a realistic perspective on the challenges and opportunities facing the
Company and the industry. We are convinced that Marty and his team can lead the
Company back to profitability."
Mr. Hanaka stated, "I appreciate this vote of confidence from the Board. Our
team believes that The Sports Authority is the preeminent sporting goods retail
brand. I will continue to work diligently with the Board and management team to
enhance shareholder value and develop The Sports Authority into a world class
retailer."
The Sports Authority, Inc. directly operates 201 full-line sporting goods
superstores: 196 stores in 32 states across the United States and five in
Canada. Mega Sports Co., LTD. Operates another 17 stores in Japan under a
license agreement with The Sports Authority.
DISCLOSURE ON FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
set forth herein. These risks and uncertainties are disclosed in the Company's
Form 10-K for 1998.
