ACADEMY SPORTS & OUTDOORS, INC. : Change of directors or principal officers, FD Regulation Disclosure, financial statements and supporting documents (form 8-K)


Item 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory arrangement of certain officers.

The meeting of Chris Turner to the board of directors

Effective December 17, 2021, the Board of Directors (the "Board") of Academy
Sports and Outdoors, Inc. (the "Company") increased the size of the Board from
nine to ten directors with the one newly created directorship being allocated to
Class I and filled the resulting vacancy created by such increase by appointing
Chris Turner, 47, as an independent Class I director. Mr. Turner will hold
office until the Company's 2024 Annual Meeting of Stockholders. Mr. Turner was
appointed to serve on the Audit Committee of the Board.

Mr. Turner has served as the Chief Financial Officer of Yum! Brands since August
2019. Before joining Yum! Brands, he served as Senior Vice President and General
Manager in PepsiCo's retail and e-commerce businesses with Walmart in the U.S.
and more than 25 countries and across PepsiCo's brands from December 2017 to
July 2019. Prior to leading PepsiCo's Walmart business, he served in various
positions, including Senior Vice President of Transformation for PepsiCo's
Frito-Lay North America business from July 2017 to December 2017 and Senior Vice
President of Strategy for Frito-Lay from February 2016 to June 2017. Prior to
joining PepsiCo, he was a partner in the Dallas office of McKinsey & Company, a
strategic management consulting firm, serving clients in the retail, restaurant,
consumer packaged goods, airline, high-tech and media industries. He holds an
MBA from Stanford University and a bachelor's degree in industrial engineering
from the University of Arkansas.

The Board selected Mr. Turner because of his finance, corporate strategy, supply
chain, eCommerce and information technology experience as both a retailer and
vendor serving the retail community.

The Board has determined that Mr. Turner qualifies as an independent director
under the corporate governance standards of Nasdaq and the independence
requirements of Section 10A-3(b)(1) under the Securities Exchange Act of 1934,
as amended (the "Exchange Act").

As compensation for his service on the Board and Audit Committee of the Board,
Mr. Turner will receive the Company's standard compensation for non-employee
directors as disclosed in the Company's 2021 proxy statement filed by the
Company with the U.S. Securities and Exchange Commission (the "SEC") on April
23, 2021.

In addition, the Company and Mr. Turner will enter into the Company's standard
form of indemnification agreement for directors, a copy of which was previously
filed as Exhibit 10.37 to Amendment No. 2 to the Company's Registration
Statement on Form S-1 filed with the SEC on September 23, 2020.

Article 7.01 Regulation FD Disclosure.

On December 17, 2021, the Company issued a press release announcing Mr. Turner'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.


Item 9.01 Financial statements and supporting documents.

(d) Exhibitions.

          Exhibit No.                             Description of Exhibit
                                                  Academy Sports and 

Outside, Inc. Press release December 17th,

                   99.1                           2021.
                                                  Cover Page Interactive 

Date file (integrated in the Inline XBRL

                      104                         document).

————————————————– ——————————

© Edgar online, source Previews


Comments are closed.