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 JULY 14, 1999
THE SPORTS AUTHORITY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-13426 36-3511120
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3383 N. State Road 7, Ft. Lauderdale, Florida 33319
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(Address of principal executive offices) (Zip Code)
(954) 735-1701
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On July 14, 1999, the Company and William Cappiello mutually agreed
that Mr. Cappiello will no longer be employed as the Company's President & Chief
Merchandising Officer. 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 July 14, 1999.
2
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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: July 14, 1999 By: /s/ ANTHONY F. CRUDELE
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Anthony F. Crudele
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
3
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EXHIBIT INDEX
EXHIBIT
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99 News Release dated July 14, 1999.
EXHIBIT 99
[GRAPHIC OMITTED] July 14, 1999
FOR IMMEDIATE RELEASE
CONTACT: THE SPORTS AUTHORITY, INC.
Anthony F. Crudele
Senior Vice President & Chief Financial Officer
(954) 730-4260
THE SPORTS AUTHORITY MAKES MANAGEMENT CHANGE
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Fort Lauderdale, Florida, July 14, 1999 -- The Sports Authority, Inc. (NYSE:
TSA) today announced that the Company and William Cappiello, President & Chief
Merchandising Officer, have mutually agreed to sever their employment
relationship. Until a replacement is named, Martin Hanaka, Chief Executive
Officer, will oversee the Merchandising, Marketing, and Logistics functions.
James Tener, Chief Operating Officer, will be responsible for the Sales &
Service function. A search for a new Chief Merchandising Officer is now
underway.
The Sports Authority, Inc. directly operates 200 full-line sporting goods
superstores: 195 stores in 32 states across the United States and five in
Canada. Mega Sports Co., Ltd. operates another 13 stores in Japan under a
license agreement with The Sports Authority. The operating results of Mega
Sports Co., Ltd. are no longer consolidated in the Company's financial
statements due to a reduction of the Company's ownership in the joint venture in
the first quarter of 1999.
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.
