Business Context and Reporting Period
This Form 8-K Current Report was filed by Academy Sports & Outdoors, Inc. on June 2, 2022. The filing documents the results of the Company's 2022 Annual Meeting of Stockholders held on the same date and the declaration of a quarterly cash dividend.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial metric disclosed is the declaration of a quarterly cash dividend of $0.075 per share of outstanding common stock for the quarter ended April 30, 2022. The dividend is payable on July 14, 2022, to stockholders of record as of June 16, 2022.
Material Changes
There are no material changes to financial performance or operations reported in this filing. The document focuses on corporate governance events and shareholder actions rather than operational or financial variances compared to prior periods.
Guidance, Outlook, and Corporate Actions
- Director Elections: Stockholders elected two Class II directors, Wendy A. Beck and Sharen J. Turney, for terms expiring at the 2025 Annual Meeting.
- Wendy A. Beck received 55,185,315 votes for, with 12,583,781 votes withheld.
- Sharen J. Turney received 67,498,529 votes for, with 270,567 votes withheld.
- Auditor Ratification: Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2022 with 75,010,848 votes for and 2,389,099 votes against.
- Executive Compensation: Stockholders approved the fiscal year 2021 executive compensation (say-on-pay) on a non-binding advisory basis with 65,666,657 votes for and 1,996,950 votes against.
Investor Verification Checklist
- Verify the dividend payment date of July 14, 2022, and the record date of June 16, 2022.
- Confirm the terms of the newly elected directors (Wendy A. Beck and Sharen J. Turney) expire at the 2025 Annual Meeting.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend declaration.