Academy Sports Files Routine 8-K on Feb 1; No New Material Events

TL;DR

**Academy Sports filed a routine 8-K, nothing new to see here.**

AI Summary

Academy Sports & Outdoors, Inc. filed an 8-K on February 1, 2024, under the 'Other Events' category, indicating a routine disclosure without specific financial or operational changes. This filing simply confirms the company's current registration details, including its Delaware incorporation, its trading symbol ASO on The Nasdaq Stock Market LLC, and its business address at 1800 North Mason Road, Katy, Texas. For investors, this filing is a standard procedural update and does not signal any new developments that would immediately impact the stock's value or the company's operational outlook.

Why It Matters

This 8-K is a standard procedural filing, confirming basic company information and compliance, and does not contain new material information that would typically move the stock.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not disclose any new risks or changes to the company's operations or financial health.

Analyst Insight

A smart investor would recognize this as a non-event filing and would not make any immediate trading decisions based solely on this administrative update. Further research into the company's financial performance and future outlook would be necessary.

Key Players & Entities

• Academy Sports & Outdoors, Inc. (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Academy Sports & Outdoors, Inc.
• ASO (company) — trading symbol for Academy Sports & Outdoors, Inc.
• The Nasdaq Stock Market LLC (company) — exchange where ASO common stock is registered
• February 1, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share ASO The Nasdaq Stoc
• $100 million — ized cash on hand to voluntarily prepay $100 million of outstanding borrowings under Academy
• $91.75 million — rincipal balance under the Term Loan is $91.75 million and, based on projected variable intere
• $29 million — ze an interest savings of approximately $29 million over the remaining duration of the Term
• $8.5 million — ng duration of the Term Loan, including $8.5 million in fiscal 2024. This prepayment was mad

Filing Documents

• aso-20240201.htm (8-K) — 36KB
• aso-20240201_g1.jpg (GRAPHIC) — 374KB
• 0001817358-24-000006.txt ( ) — 1017KB
• aso-20240201.xsd (EX-101.SCH) — 2KB
• aso-20240201_lab.xml (EX-101.LAB) — 23KB
• aso-20240201_pre.xml (EX-101.PRE) — 12KB
• aso-20240201_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On February 1, 2024, Academy, Ltd., a Texas limited partnership ("Academy Ltd.") and indirect subsidiary of Academy Sports and Outdoors, Inc. (the "Company"), utilized cash on hand to voluntarily prepay $100 million of outstanding borrowings under Academy, Ltd.'s senior secured term loan governed by the Second Amended and Restated Credit Agreement, dated November 6, 2020, among Academy, Ltd., as borrower, Credit Suisse AG, Cayman Islands Branch, as the administrative agent and collateral agent, the several lenders party thereto and the several other parties named therein, as amended (the "Term Loan"). Academy, Ltd. did not incur any prepayment penalties in connection with this prepayment. As a result of this prepayment, the remaining outstanding principal balance under the Term Loan is $91.75 million and, based on projected variable interest rates, the Company expects to realize an interest savings of approximately $29 million over the remaining duration of the Term Loan, including $8.5 million in fiscal 2024. This prepayment was made as part of the Company's comprehensive capital allocation plan, which also includes capital expenditures, quarterly cash dividends and share repurchases.

Forward-Looking Statements

Forward-Looking Statements This current report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations and are not guarantees of future performance. Forward-looking statements can generally be identify by the use of words such as "outlook," "guidance," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. The forward-looking statements include, among other things, statements regarding expectations of the Company's future performance, financial condition, and capital deployment, including intent, ability, payment, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases, interest savings, and execution on the capital allocation plan, each of which is subject to various risks, assumptions, or changes in circumstances that are difficult to predict or quantify. The future declaration, timing, amount, and payment of dividends will be subject to the discretion and approval of the Company's Board of Directors (the "Board"), taking into account such considerations as the Board may deem relevant at the time, including, among others, the Company's results, financial condition and capital allocation plans. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory and other factors, including ongoing inflation and continued increases in interest rates, many of which are beyond the Company's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 104 Cover Page Interactive Date File (embedded within the Inline XBRL document).

Signatures

Signatures 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. ACADEMY SPORTS AND OUTDOORS, INC. Date: February 1, 2024 By: /s/ Rene G. Casares Name: Rene G. Casares Title: Senior Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR