UNITED STATES
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 August 20, 2010
Hibbett Sports, Inc.
(Exact Name Of Registrant As Specified In Its Charter)
|
Delaware
|
000-20969
|
20-8159608
|
|
(State of Incorporation)
|
(Commission
|
(IRS Employer
|
|
File Number)
|
Identification No.)
|
451 Industrial Lane
Birmingham, Alabama 35211
(Address of principal executive offices)
(205) 942-4292
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
Line of Credit. On August 20, 2010, the Company executed an agreement to renew its existing unsecured revolving credit facility between the Company and its subsidiaries and Regions Bank. The amount of the revolving credit facility is $30,000,000 and is effective August 26, 2010 through August 25, 2011 with an interest rate at the higher of prime rate, the federal funds rate plus 1/2 of 1% or LIBOR. The credit agreement is attached hereto as Exhibit 10.1 and is incorporated herein by this reference.
Item 2.02. Results of Operations and Financial Condition.
The Company released its results of operations for the thirteen-week and twenty-six-week period ended July 31, 2010, in a press release issued on August 20, 2010.
The information in this Item, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.
Item 7.01. Regulation FD Disclosures.
The information contained in Item 2.02 (including disclaimer) is incorporated by reference into this item 7.01.
Item 9.01. Financial Statements and Exhibits.
(b) Pro forma financial information.
Exhibit 99.1 is furnished pursuant to Item 2.02 and shall not be deemed to be “filed”.
|
Exhibit No.
|
Description
|
|
10.1
|
Master Note – Regions Bank Line of Credit
|
|
99.1
|
Press Release Dated August 20, 2010
|
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 hereunto duly authorized.
|
HIBBETT SPORTS, INC.
|
||
|
By:
|
/s/ Gary A. Smith
|
|
|
Gary A. Smith
|
||
|
Senior Vice President and Chief Financial Officer
|
||
August 20, 2010
EXHIBIT INDEX
|
Exhibit No.
|
Description
|
|
10.1
|
Master Note – Regions Bank Line of Credit
|
|
99.1
|
Press Release Dated August 20, 2010
|