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 5, 2005
BIG 5 SPORTING GOODS CORPORATION
(Exact name of registrant as specified in charter)
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Delaware
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000-49850
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95-4388794 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
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2525 East El Segundo Boulevard, |
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El Segundo California
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90245 |
(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (310) 536-0611
N/A
(Former name or former address, if changed since last report)
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 (see General
Instruction A.2):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (7 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 5, 2005, Big 5 Sporting Goods Corporation (the Company) and Charles P. Kirk
mutually agreed that he will resign his positions as Chief Financial Officer and Treasurer,
effective immediately. Mr. Kirk will remain Senior Vice President and a member of the Companys senior management team.
The Company has retained a search firm and is actively engaged in the process of identifying
and assessing appropriate candidates for the Chief Financial Officer (CFO) position. The Company
is committed to filling the CFO position expeditiously. Until a new CFO is hired, Elizabeth F.
Chambers, the Companys Acting Controller, and Thomas L. Robershaw, the Companys Assistant
Treasurer, jointly will fulfill the functions of the Companys principal financial officer and
principal accounting officer.
Ms. Chambers, 51, assumed the role of Acting Controller in July 2005. Ms. Chambers joined
the Company in 1993 as Assistant Controller and served in that position until her promotion to
Acting Controller. Prior to joining the Company, Ms. Chambers was an Account Analyst Manager for
Thrifty Corporation from 1988 to 1993. Ms. Chambers was a certified public accountant for
Deloitte, Haskins & Sells from 1985 to 1988. Ms. Chambers received a B.A. in Business Economics from
UC Santa Barbara in 1985. Ms. Chambers has a current salary of
$101,800 and
is eligible for a discretionary annual bonus and discretionary option grants pursuant to the
Companys stock option plan. Ms. Chambers also participates in the Companys standard employee
benefit plans.
Mr. Robershaw, 35, has served as Assistant Treasurer since he joined the Company in 2002.
Prior to joining the Company, Mr. Robershaw was Director of Capital Markets at Global Crossing
Development Corporation from 1998 to 2002. In such capacity, Mr. Robershaw oversaw leasing and
foreign exchange transactions, as well as cash management and other
treasury-related matters. Prior to
that, Mr. Robershaw held various financial positions at The Walt Disney Company from 1994 to 1998
and Toyota Motor Credit Corporation from 1992 to 1994. Mr. Robershaw received a B.S. in International Economics from Georgetown University in 1992 and
an M.B.A. from the Anderson School of
Business at UCLA in 2001. Mr. Robershaw has a current salary of
$110,000 and is eligible for a discretionary annual bonus and discretionary option grants
pursuant to the Companys stock option plan. Mr. Robershaw also participates in the Companys
standard employee benefit plans.
There are no arrangements or understandings between Ms. Chambers or Mr. Robershaw and any
other person(s) pursuant to which they were selected as officers. In addition, there are no family
relationships between Ms. Chambers or Mr. Robershaw and any other director or executive officer of
the Company.
Item 8.01. Other Events.
On
August 5, 2005, the Company issued a press release regarding the matters described in Item 5.02 and provided
information regarding the Companys previously announced review of the Companys prior financial statements. A copy
of the press release is attached hereto as Exhibit 99.1
Item 9.01. Financial Statements and Exhibits.
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Exhibit No. |
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Description |
99.1
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Press release, dated August 5, 2005, issued by Big 5 Sporting Goods Corporation. |