Item 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory arrangement of certain officers.
The meeting of
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. Turnerwill hold office until the Company's 2024 Annual Meeting of Stockholders. Mr. Turnerwas appointed to serve on the Audit Committee of the Board. Mr. Turnerhas 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 2017to 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 Americabusiness from July 2017to December 2017and Senior Vice President of Strategy for Frito-Layfrom February 2016to June 2017. Prior to joining PepsiCo, he was a partner in the Dallasoffice 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 Universityand a bachelor's degree in industrial engineering from the University of Arkansas. The Board selected Mr. Turnerbecause 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. Turnerqualifies 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 Committeeof the Board, Mr. Turnerwill 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. Turnerwill 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 SECon September 23, 2020.
Article 7.01 Regulation FD Disclosure.
December 17, 2021, the Company issued a press release announcing Mr. Turner'sappointment, 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.
Exhibit No. Description of Exhibit
99.1 2021. Cover Page Interactive
Date file (integrated in the Inline XBRL
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