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) June 2,
2008
Hibbett Sports,
Inc.
(Exact
Name Of Registrant As Specified In Its Charter)
|
Delaware
|
000-20969
|
20-8159608
|
|
(State
of Incorporation)
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(Commission
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(IRS
Employer
|
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File
Number)
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Identification
No.)
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451
Industrial Lane
Birmingham,
Alabama 35211
(Address
of principal executive offices)
(205)
942-4292
(Registrant’s
telephone number, including area code)
Not
Applicable
(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:
□ 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.
On
June 2, 2008, the Board of Directors (Board) of Hibbett Sports, Inc. (Company)
approved amendments to the Amended 1996 Stock Plan for Outside Directors (ODIR)
and the Amended 1996 Stock Option Plan (SOP) (Amendments) for
employees. The Amendment to the ODIR extended the grace period for
exercising a stock option for a retired director from one year from the date of
retirement to the original term of the option. The Amendment to the
SOP extended the grace period for exercising a non-qualified stock option for an
employee who has died, become disabled or retired to the original term of the
option. For this purpose, a retired employee is defined as an
employee who is sixty-five years of age and has had seven years of continuous
service with the Company.
In
action on the same day, the Board approved a Standard Non-Qualified Equity Award
Agreement (Agreement) relating to non-qualified stock options issued under the
Company’s Amended 2005 Equity Incentive Plan.
The
Amendments and Agreement are effective as of June 2, 2008. The full
text of the plans and agreement described above is attached as exhibits to this
Form 8-K.
Item
5.02(e). Compensatory Arrangements of Certain Officers.
The
disclosure concerning the Amendment to the SOP and the revised Agreement and the
related exhibits, as described under Item 1.01 above, constitute changes to
compensatory arrangements in which the registrant’s named executive officers may
participate and are therefore incorporated by reference into this
Item.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit
No.
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Description
|
|
10.1
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Amended
1996 Stock Plan for Outside Directors
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10.2
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Amended
and Restated 1996 Stock Option Plan
|
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10.3
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Standard
Non-Qualified Option Agreement
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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 hereunto
duly authorized.
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HIBBETT
SPORTS, INC.
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/s/
Gary A. Smith
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Gary
A. Smith
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Date: June 6,
2008
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Vice
President and Chief Financial
Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
|
|
10.1
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Amended
1996 Stock Plan for Outside Directors
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|
10.2
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Amended
and Restated 1996 Stock Option Plan
|
|
10.3
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Standard
Non-Qualified Option Agreement
|