Academy Sports Appoints New CFO, Offers $1M Stock Grant

TL;DR

New CFO Michael Moody starts June 10th with $475k salary + $1M stock grant.

AI Summary

Academy Sports & Outdoors, Inc. announced on June 6, 2024, the appointment of Michael A. Moody as Chief Financial Officer, effective June 10, 2024. Moody will receive an annual base salary of $475,000 and is eligible for a discretionary annual bonus. He will also receive a one-time grant of restricted stock units valued at $1,000,000.

Why It Matters

The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $475,000 — CFO Annual Base Salary (Starting salary for Michael A. Moody)
• $1,000,000 — CFO Stock Grant Value (Initial equity award for Michael A. Moody)

Key Players & Entities

• Academy Sports & Outdoors, Inc. (company) — Registrant
• Michael A. Moody (person) — Appointed Chief Financial Officer
• $475,000 (dollar_amount) — Annual base salary for new CFO
• $1,000,000 (dollar_amount) — Value of restricted stock units granted to new CFO
• June 10, 2024 (date) — Effective date for new CFO

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share ASO The Nasdaq Stoc
• $0.11 — ect to the quarter ended May 4, 2024 of $0.11 per share of outstanding common stock o

Filing Documents

• aso-20240606.htm (8-K) — 54KB
• ex991toformpressreleasesb.htm (EX-99.1) — 11KB
• ex992toformpressrelease062.htm (EX-99.2) — 8KB
• aso-20240606_g1.jpg (GRAPHIC) — 374KB
• asobluelogojpg03172211_aca.jpg (GRAPHIC) — 374KB
• asobluelogojpg03172211_acaa.jpg (GRAPHIC) — 374KB
• 0001817358-24-000106.txt ( ) — 1974KB
• aso-20240606.xsd (EX-101.SCH) — 2KB
• aso-20240606_lab.xml (EX-101.LAB) — 21KB
• aso-20240606_pre.xml (EX-101.PRE) — 12KB
• aso-20240606_htm.xml (XML) — 3KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. On June 6, 2024, the Company held its 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The final voting results for each of the matters submitted to a stockholder vote at the Annual Meeting, are set forth below: Proposal 1: Election of Class I Directors The stockholders elected four Class I directors to serve for a term of three years expiring at the Company's 2027 Annual Meeting of Stockholders and until their successors shall be elected and qualified as follows: Votes For Votes Withheld Broker Non-Votes Steve Lawrence 47,755,310 15,621,701 5,447,501 Brian Marley 47,495,664 15,881,347 5,447,501 Tom Nealon 47,452,609 15,924,402 5,447,501 Chris Turner 47,630,656 15,746,355 5,447,501 Proposal 2: Ratification of Deloitte & Touche LLP as the Independent Registered Public Accounting Firm for fiscal year 2024 The stockholders ratified the appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year 2024 as follows: Votes For Votes Against Abstentions 67,538,341 1,248,145 38,026 Proposal 3: Approval, by non-binding advisory vote, of the fiscal year 2023 compensation paid to the Company's named executive officers The stockholders approved, on a non-binding advisory basis, the fiscal year 2023 compensation paid to the Company's named executive officers as follows: Votes For Votes Against Abstentions Broker Non-Votes 62,633,578 677,769 65,664 5,447,501

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 6, 2024, the Company issued a press release announcing Mr. Boatwright's appointment, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Other Events

Item 8.01 Other Events. Quarterly Cash Dividend On June 6, 2024, the Company issued a press release announcing that the Company's Board approved the declaration of a cash dividend with respect to the quarter ended May 4, 2024 of $0.11 per share of outstanding common stock of the Company, payable on July 18, 2024, to stockholders of record as of the close of business on June 20, 2024. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press Release, dated June 6, 2024. 99. 2 Press Release, dated June 6, 2024. 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, as amended, 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: June 6, 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