Private company
BIG 5 SPORTING GOODS Corp
American retail-miscellaneous shopping goods stores company1
In its 2025 annual report the company says: “We provide a full-line product offering in a traditional sporting goods store format that averages approximately 12,000 square feet. We also offer brand name merchandise produced exclusively for us, private label merchandise and specials on quality items we purchase through opportunistic buys of vendor over-stock and close-out merchandise.”3 It is headquartered in El Segundo, California.1
Last updated Oct 21, 2026.
Overview
- IndustryRetail-Miscellaneous Shopping Goods Stores1
- HeadquartersEl Segundo, California1
- Incorporated inDE2
- Business address2525 East El Segundo Boulevard, El Segundo, Ca 90245-46322
- Filer categoryAccelerated filer, Smaller reporting company2
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Big 5 Sporting Goods Corporation (“we,” “our,” “us” or the “Company”) is a leading sporting goods retailer in the western United States, operating 422 stores and an e-commerce platform under the “Big 5 Sporting Goods” name as of December 29, 2024. Throughout this section, our fiscal years ended December 29, 2024 and December 31, 2023 are referred to as fiscal 2024 and 2023, respectively. We provide a full-line product offering in a traditional sporting goods store format that averages approximately 12,000 square feet. Our product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation. We supplement our traditional sports merchandise mix with an assortment of other products that we purchase through opportunistic …3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue65¢$561.0M
- Selling, general and admin34¢$290.1M
- Income tax1¢$12.5M
Out of $795.5M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $987.6M5 | $996.5M6 | $1.0B7 | $1.2B7 | $884.7M4 | $795.5M4 | |
| Cost of revenue | $686.7M5 | $684.5M6 | $692.0M7 | $726.0M7 | $598.9M4 | $561.0M4 | |
| Gross profit | $300.8M5 | $312.0M6 | $349.2M7 | $435.8M7 | $285.8M4 | $234.5M4 | |
| Selling, general and admin | $302.1M5 | $297.2M6 | $275.4M7 | $299.8M7 | $296.6M4 | $290.1M4 | |
| Operating income | -$1.2M5 | $14.8M6 | $76.3M7 | $136.0M7 | -$10.7M4 | -$55.6M4 | |
| Interest | $3.4M5 | $3.0M6 | $1.9M7 | $893.0K7 | $572.0K7 | ||
| Income before tax | $135.1M7 | -$10.6M4 | -$56.6M4 | ||||
| Income tax | -$1.1M5 | $3.3M6 | $18.4M7 | $32.7M7 | -$3.5M4 | $12.5M4 | |
| Net income | -$3.5M5 | $8.4M6 | $55.9M7 | $102.4M7 | -$7.1M4 | -$69.1M4 | |
| Earnings per share | -$0.175 | $0.406 | $2.637 | $4.737 | -$0.334 | -$3.154 | |
| Earnings per share (diluted) | -$0.175 | $0.406 | $2.587 | $4.557 | -$0.334 | -$3.154 | |
| Shares (weighted, basic) | 21.7M shares7 | 21.7M shares4 | 21.9M shares4 | ||||
| Shares (weighted, diluted) | 22.5M shares7 | 21.7M shares4 | 21.9M shares4 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $6.8M6 | $8.2M6 | $64.7M10 | $97.4M7 | $9.2M4 | $5.4M4 | |
| Inventory | $280.0M7 | $275.8M4 | $260.3M4 | ||||
| Current assets | $325.1M5 | $340.9M6 | $347.4M10 | $407.3M7 | $310.2M4 | $286.2M4 | |
| Property, plant and equipment | $60.4M7 | $58.6M4 | $51.8M4 | ||||
| Total assets | $419.6M5 | $688.8M6 | $700.0M10 | $754.0M7 | $644.7M4 | $609.4M4 | |
| Accounts payable | $104.4M7 | $55.2M4 | $69.7M4 | ||||
| Current liabilities | $150.6M5 | $222.8M6 | $239.6M10 | $269.8M7 | $190.7M4 | $202.6M4 | |
| Total liabilities | $244.7M5 | $508.4M6 | $467.4M10 | $486.6M7 | $400.3M4 | $433.8M4 | |
| Retained earnings | $192.3M7 | $169.7M4 | $98.4M4 | ||||
| Shareholders’ equity | $174.9M6 | $180.4M7 | $232.6M7 | $267.3M11 | $244.4M4 | $175.6M4 | |
| Shares outstanding | 21.4M shares5 | 21.7M shares6 | 21.7M shares5 | 21.9M shares6 | 22.2M shares10 | 22.4M shares4 | 22.7M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $24.5M5 | $14.3M6 | $148.7M7 | $115.5M7 | $18.5M4 | -$11.4M4 | |
| Depreciation and amortization | $17.7M7 | $18.3M4 | $19.0M4 | ||||
| Stock-based compensation | $2.0M7 | $2.7M4 | $2.8M4 | ||||
| Capital spending | $15.5M5 | $9.4M6 | $7.3M7 | $10.9M7 | $11.0M4 | $10.9M4 | |
| Free cash flow | $9.1M | $4.9M | $141.4M | $104.7M | $7.5M | -$22.3M | |
| Cash from investing | -$10.6M7 | -$11.0M4 | -$10.9M4 | ||||
| Dividends paid | $10.7M5 | $4.4M6 | $5.5M7 | $61.8M7 | $19.8M4 | $2.8M4 | |
| Share buybacks | $428.0K5 | $7.6M7 | $4.1M11 | ||||
| Cash from financing | -$72.1M7 | -$23.9M4 | $18.4M4 | ||||
| Dividend per share | $0.505 | $0.206 | $0.256 | $0.884 | $0.104 |
Corporate structure
BIG 5 SPORTING GOODS Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BIG 5 SPORTING GOODS Corp
- GAMCO Investors Filed SCHEDULE 13D on BIG 5 SPORTING GOODS Corp, latest Oct 2, 2025
- VANGUARD GROUP INC Filed SC 13G/A on BIG 5 SPORTING GOODS Corp, latest Nov 12, 2024 (3 filings since Feb 13, 2024)
- BlackRock Filed SC 13G/A on BIG 5 SPORTING GOODS Corp, latest Jul 8, 2024 (4 filings since Feb 4, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on BIG 5 SPORTING GOODS Corp, latest Feb 8, 2022
- BIG 5 SPORTING GOODS Corp El Segundo, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BIG 5 SPORTING GOODS Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Construction in progress | $926.0K11 Dec 31, 2023 | $1.5M11 Jan 1, 2023 | −37.1% |
| Property and equipment, before depreciation | $384.4M4 Dec 29, 2024 | $381.9M4 Dec 31, 2023 | +0.7% |
| Accumulated depreciation | $332.6M4 Dec 29, 2024 | $323.3M4 Dec 31, 2023 | +2.9% |
| Property and equipment, net | $51.8M4 Dec 29, 2024 | $58.6M4 Dec 31, 2023 | −11.6% |
| Operating-lease assets (leased space) | $261.9M4 Dec 29, 2024 | $253.6M4 Dec 31, 2023 | +3.3% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Area of real estate | 12,000 sq ft4 Dec 29, 2024 | 12,000 sq ft11 Dec 31, 2023 | 0% |
| Stores | 4224 Dec 29, 2024 | 43011 Dec 31, 2023 | −1.9% |
Investments
Inventory
Properties, in its own words
Properties
Our primary corporate headquarters are located at 2525 East El Segundo Boulevard, El Segundo, California 90245, with a satellite office located nearby at 2401 East El Segundo Boulevard, El Segundo, California 90245. We lease 55,000 square feet of office and adjoining retail space related to our primary corporate headquarters, and we lease 9,400 square feet related to our satellite office. The lease for the primary corporate headquarters is scheduled to expire on February 28, 2026 and provides us with one five-year renewal option. We terminated the lease for 3,500 square feet of our satellite office as of February 29, 2024 as part of our effort to consolidate operations and manage our expense structure. The lease for the remainder of the satellite office is scheduled to expire on February 28, 2026 and provides us with no remaining options.
The rest of Item 2
We own a parcel of land with an existing building adjacent to our corporate headquarters location. We currently lease a portion of the parcel of land, including the building, to a restaurant retailer. The lease is scheduled to expire on February 28, 2030, or earlier by providing the lessee with a one-year written notice. The remaining portion of the parcel of land includes a parking lot that we currently use for our corporate headquarters.
Our distribution facility is located in Riverside, California and has 953,000 square feet of warehouse and office space. Our lease for the distribution center is scheduled to expire on August 31, 2030 and provides us with no remaining options. In 2024, as part of our effort to consolidate operations and manage our expense structure, we moved out of an additional 172,000 square-foot distribution space adjacent to our distribution center that we used for additional capacity. Our lease for this additional facility expired in August 2024.
We lease all of our retail store sites. Most of our store leases contain multiple fixed-price renewal options having a typical duration of five years per option. As of December 29, 2024, of our total store leases, 100 leases are due to expire in the next five years without renewal options. We intend to renegotiate most of these leases as they expire, either for existing store locations or new leases for substantially equivalent locations in the same general area.
Our Stores
Throughout our history, we have focused on operating traditional, full-line sporting goods stores. Our stores generally range from 8,000 to 15,000 square feet and average approximately 12,000 square feet. Our typical store is located in either a free-standing street location or a multi-store shopping center. Our numerous convenient locations and accessible store format encourage frequent customer visits, resulting in approximately 18.0 million sales transactions and an average transaction size of approximately $44 in fiscal 2024. The following table details our store locations by state as of December 29, 2024:
State · YearEntered · Numberof Stores · Percentage of TotalNumber of Stores
California · 1955 · 220 · 52.1
Washington · 1984 · 44 · 10.4
Arizona · 1993 · 41 · 9.7
Oregon · 1995 · 27 · 6.4
Colorado · 2001 · 20 · 4.8
New Mexico · 1995 · 19 · 4.5
Nevada · 1978 · 19 · 4.5
Utah · 1997 · 18 · 4.3
Idaho · 1994 · 11 · 2.6
Texas · 1995 · 2 · 0.5
Wyoming · 2010 · 1 · 0.2
Total · 422 · 100.0
In the first two months of fiscal 2025 we closed eight stores, lowering our store count to 414 at the end of fiscal February 2025.
Our same store sales per square foot were approximately $162 for fiscal 2024.
Item 2 of the 10-K filed Feb 26, 2025.3
Leadership
Who has led BIG 5 SPORTING GOODS Corp, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerBarry Emerson Mar 15, 2006 to now12
Board members and other officers (20)
- SVP Store OperationsFrank Pasillas Mar 8, 2024 to now13
- Senior VP, Store OperationsMichael P. Marrone Oct 7, 2016 to Mar 19, 202114
- Senior VP, BuyingBoyd O. Clark Aug 8, 2011 to now15
- Senior VP, OperationsShane O. Starr Mar 19, 2007 to now16
- Senior VP, BuyingThomas J. Schlauch Jan 20, 2006 to Mar 16, 201117
- Senior VP, Human ResourcesJeffrey L. Fraley Mar 15, 2006 to now18
- Board memberColleen B. Brown Aug 22, 2019 to now19
- Board memberStephen E. Carley Oct 11, 2019 to now20
- Board memberNicholas Donatiello Jr. Jun 15, 2015 to Jun 19, 201821
- Board memberAlexander M. Seaver Mar 7, 2013 to Aug 26, 201622
- Board memberBradley R. Kent Mar 7, 2013 to Aug 26, 201622
- Board memberVan B. Honeycutt Apr 4, 2013 to now23
- Board memberDominic P. Demarco Oct 27, 2011 to Jun 17, 201624
- Board memberMichael D. Miller Dr. Jan 11, 2006 to Nov 19, 201225
- Board memberDavid Jessick Mar 9, 2006 to now26
- Board memberJennifer Holden Dunbar Jul 6, 2006 to now27
- Board memberSandra N. Bane Jul 6, 2006 to Sep 20, 202128
- General counselIan R. Landgreen Jun 21, 2022 to now29
- General counselLuke D. Thompson Jul 6, 2018 to Mar 22, 202230
- General counselGary S. Meade Mar 15, 2006 to Mar 21, 201831
Former names
- BIG 5 HOLDINGS CORPAug 21, 2001 to Aug 21, 20012
Timeline
- Oct 2, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer32
- Sep 29, 20258-K Shareholder vote33
- Sep 15, 20258-K Other events34
- Jul 29, 20258-K Results of operations35
- Jun 30, 20258-K Entered a material agreement; Regulation FD disclosure36
- Jun 13, 20258-K Shareholder vote37
- May 16, 20258-K Listing notice or transfer38
- Apr 29, 20258-K Results of operations39
- Feb 25, 20258-K Results of operations40
- Jan 14, 20258-K Results of operations41
- Dec 23, 20248-K Entered a material agreement; New debt or obligation; Regulation FD disclosure42
- Oct 29, 20248-K Results of operations43
Calendar
When it reported results
- Jul 29, 2025Reported quarterly or annual results35
- Apr 29, 2025Reported quarterly or annual results39
- Feb 25, 2025Reported quarterly or annual results40
- Jan 14, 2025Reported quarterly or annual results41
- Oct 29, 2024Reported quarterly or annual results43
- Jul 30, 2024Reported quarterly or annual results44
- May 1, 2024Reported quarterly or annual results45
- Feb 27, 2024Reported quarterly or annual results46
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
223 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 33 major events, 142 insider forms, 9 large holders, 23 other. The latest 20:
- Nov 14, 2025EFFECT EDGAR
- Oct 14, 202515-12G EDGAR
- Oct 6, 20254 EDGAR
- Oct 6, 20254 EDGAR
- Oct 6, 20254 EDGAR
- Oct 2, 202525-NSE EDGAR
- Oct 2, 2025S-8 POS EDGAR
- Oct 2, 2025S-8 POS EDGAR
- Oct 2, 2025S-8 POS EDGAR
- Oct 2, 2025S-8 POS EDGAR
- Oct 2, 2025S-8 POS EDGAR
- Oct 2, 2025POS AM EDGAR
- Oct 2, 20258-K EDGAR
- Oct 2, 2025SCHEDULE 13D EDGAR
- Sep 29, 20258-K EDGAR
- Sep 23, 2025DEFA14A EDGAR
- Sep 15, 2025DEFA14A EDGAR
- Sep 15, 20258-K EDGAR
- Aug 8, 2025DEFM14A EDGAR
- Jul 30, 202510-Q EDGAR
The 223 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
21 open-market trades by officers, directors and large owners since October 2021: 0 buys and 21 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 14, 2024 | Starr Shane OSenior VP, Operations | Sale | 3,805 | $3.98 | $15.1K | Form 4 |
| May 30, 2023 | FRALEY JEFFREY LSenior VP, Human Resources | Sale | 3,764 | $7.69 | $28.9K | Form 4 |
| May 4, 2023 | Starr Shane OSenior VP, Operations | Sale | 3,752 | $7.17 | $26.9K | Form 4 |
| Mar 8, 2023 | Starr Shane OSenior VP, Operations | Sale | 5,250 | $9.00 | $47.2K | Form 4 |
| Nov 28, 2022 | DUNBAR JENNIFER HOLDENDirector | Sale | 2,000 | $12.70 | $25.4K | Form 4 |
| Nov 3, 2022 | FRALEY JEFFREY LSenior VP, Human Resources | Sale | 3,268 | $12.28 | $40.1K | Form 4 |
| May 13, 2022 | Starr Shane OSenior VP, Operations | Sale | 3,135 | $13.72 | $43.0K | Form 4 |
| Mar 9, 2022 | Starr Shane OSenior VP, Operations | Sale | 7,750 | $16.53 | $128.1K | Form 4 |
| Mar 4, 2022 | FRALEY JEFFREY LSenior VP, Human Resources | Sale | 7,750 | $16.17 | $125.3K | Form 4 |
| Nov 15, 2021 | MILLER STEVEN GChairman, President and CEO | Sale | 91,885 | $37.70 | $3.5M | Form 4 |
| Nov 12, 2021 | MILLER STEVEN GChairman, President and CEO | Sale | 100,000 | $45.18 | $4.5M | Form 4 |
| Nov 12, 2021 | Carley Stephen E.Director | Sale | 13,000 | $44.00 | $572.0K | Form 4 |
| Nov 11, 2021 | MILLER STEVEN GChairman, President and CEO | Sale | 93,770 | $42.43 | $4.0M | Form 4 |
| Nov 11, 2021 | HONEYCUTT VAN BDirector | Sale | 57,699 | $40.49 | $2.3M | Form 4 |
| Nov 11, 2021 | Clark Boyd OEVP, Chief Merch. Officer | Sale | 24,820 | $42.76 | $1.1M | Form 4 |
| Nov 11, 2021 | BROWN COLLEEN BDirector | Sale | 12,000 | $42.40 | $508.8K | Form 4 |
| Nov 10, 2021 | MILLER STEVEN GChairman, President and CEO | Sale | 105,945 | $38.80 | $4.1M | Form 4 |
| Nov 10, 2021 | HONEYCUTT VAN BDirector | Sale | 24,604 | $40.19 | $988.8K | Form 4 |
| Nov 10, 2021 | Clark Boyd OEVP, Chief Merch. Officer | Sale | 10,422 | $40.28 | $419.8K | Form 4 |
| Nov 10, 2021 | DUNBAR JENNIFER HOLDENDirector | Sale | 19,953 | $39.00 | $778.2K | Form 4 |
All 21 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GAMCO InvestorsSCHEDULE 13D, 1 filing Oct 2, 202547
- VANGUARD GROUP INCSC 13G/A, 3 filings Feb 13, 2024 to Nov 12, 202448
- BlackRockSC 13G/A, 4 filings Feb 4, 2022 to Jul 8, 202449
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 1 filing Feb 8, 202250
SEC filer profile
How BIG 5 SPORTING GOODS Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBIG 5 SPORTING GOODS Corp1
- CIK0001156388
- Employer ID (EIN)95-43887943
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 291
- Industry code (SIC)5940 Retail-Miscellaneous Shopping Goods Stores1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address2525 East El Segundo Boulevard, El Segundo, CA 90245-46321
- Phone(310) 297-77061
- Shares outstanding22,918,721 as of Jul 22, 20259
- Public float$63.3M as of Jun 30, 20243
- AuditorDeloitte & Touche LLP, Los Angeles, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting3
- On EDGAR sinceAug 21, 20011
- Filings1,600 in all: 4 (1,036), 8-K (194), SC 13G/A (77), 10-Q (70), SC 13G (29), SC 13D/A (24), 10-K (23), 3 (22)1
All 44 form types
DEF 14A (22), ARS (12), 4/A (11), UPLOAD (10), CORRESP (6), DEFA14A (6), S-8 (6), S-8 POS (6), S-1/A (5), SC 13D (4), SD (4), 10-K/A (3), 424B3 (3), DEFR14A (2), NT 10-Q (2), PREC14A (2), PRER14A (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B1 (1), 5 (1), 8-A12G (1), DEFC14A (1), DEFM14A (1), DFAN14A (1), EFFECT (1), NT 10-K (1), POS AM (1), PRE 14A (1), PREM14A (1), PRRN14A (1), S-1 (1), S-3 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Feb 26, 2025
Quarterly report (10-Q) Jul 30, 2025
Proxy statement (DEF 14A) Apr 23, 2025
Latest 8-K (8-K) Oct 2, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | BGFV | NASDAQ |
From the cover page of the 10-K filed Feb 26, 2025 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks BIG 5 SPORTING GOODS Corp names in Item 1A of its 10-K filed Feb 26, 2025: 32 risks under these headings, as written.3
- Risks Related to Our Business and Industry
- Disruptions in the overall economy may adversely impact our business and results of operations.
- Our quarterly net sales and operating results, reported and expected, can fluctuate substantially, which may adversely affect the market price of our common stock.
- Intense competition in the sporting goods industry could limit our growth and reduce our profitability.
- A reduction or loss of product from a key supplier could cause our net sales and profitability to suffer.
- If we fail to anticipate changes in consumer preferences, we may experience lower net sales, higher inventory, higher inventory markdowns and lower margins.
- If we are unable to effectively and efficiently connect with our customers through our advertising and marketing programs, our operating results may suffer.
- Pandemic-related events (including COVID-19 or any potential variants) could in the future disrupt our business, which could have a material adverse impact on our business, results of operations, liquidity and financial condition for an extended period of time.
- Because our stores are concentrated in the western United States, we are subject to regional risks.
- A significant amount of our sales is impacted by seasonal weather conditions in our markets.
- Uncharacteristic or significant weather conditions or natural disasters and the impacts of climate change could adversely affect our results of operations.
- All of our stores rely on a single distribution center. Any disruption or other operational difficulties at this distribution center could reduce our net sales or increase our operating expense.
The other 21 risks
- If we are unable to successfully implement our controlled growth strategy or manage our growing business, our future operating results could suffer.
- Because many of the products that we sell are manufactured abroad, we may face delays, increased cost or quality control deficiencies in the importation of these products, which could reduce our net sales and profitability.
- Disruptions in transportation, including disruptions at shipping ports through which our products are imported, could prevent us from timely distribution and delivery of inventory, which could reduce our net sales and profitability.
- Our costs may change as a result of currency exchange rate fluctuations or inflation in the purchase cost of merchandise manufactured abroad.
- Increases in transportation costs due to volatile fuel costs, climate change regulation and other factors may negatively impact our operating results.
- Risks Related to Our Capital Structure
- Our future cash flows may not be sufficient to meet our obligations and we might be unsuccessful in obtaining more financing or refinancing any existing indebtedness.
- The terms of our revolving credit facility impose operating and financial restrictions on us, which may impair our ability to respond to changing business and economic conditions.
- Disruptions in the economy and financial markets may adversely impact our lenders.
- Risks Related to Regulatory, Legislative and Legal Matters
- Current and future government regulation may negatively impact demand for our products and increase our cost of conducting business.
- We may be subject to periodic litigation that may adversely affect our business and financial performance.
- The sale of firearm-related products is subject to strict regulation, which could affect our operating results.
- Risks Related to Investing in Our Common Stock
- The declaration of discretionary dividend payments or the repurchase of our common stock pursuant to our share repurchase program may not continue.
- If we are unable to establish and maintain adequate internal controls over financial reporting, we may not be able to report our financial results in a timely and reliable manner, which could lead to a loss of investor confidence and result in a decline in the market price of our common stock.
- Our anti-takeover provisions could prevent or delay a change in control of our Company, even if such change of control would be beneficial to our stockholders.
- Our Bylaws designate certain state or federal courts as the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit stockholders’ ability to obtain a favorable judicial forum for disputes with us and may impose additional costs on us and our stockholders.
- Significant stockholders or potential stockholders may attempt to effect changes or acquire control over our Company, which could adversely affect our results of operations and financial condition.
- General Risk Factors
- If we lose key management or are unable to attract and retain the talent required for our business, our operating results could suffer.
- Our information technology systems are critical to the functioning of our business and are vulnerable to failure, damage, theft or intrusion that could harm our operations.
- Breach of data security or other unauthorized disclosure of sensitive or confidential information could harm our business, employees and standing with our customers.
- Terrorism and the uncertainty of war may harm our operating results.
- Changes in accounting standards and subjective assumptions, estimates and judgments by management related to complex accounting matters could significantly affect our financial results.
Legal proceedings
On March 13, 2023, a complaint was filed in the Superior Court of the State of California, County of Santa Clara, entitled Zareyah Thompson v. Big 5 Corp., et. al., Case No. 23CV412334 (“Thompson Complaint”). The Thompson Complaint was brought as a purported California Private Attorneys General Act (“PAGA”) action on behalf of “current and former employees who worked for the Company or its operating subsidiary in California as a non-exempt, hourly paid employee and received at least one wage statement.” The Thompson Complaint alleges, among other things, that Big 5 failed to (i) provide minimum wages, (ii) provide compliant meal or rest periods, (iii) maintain and provide accurate itemized wage statements, (iv) properly compensate for all time worked, including overtime, premium, vacation and final wages, (v) properly maintain payroll records, and (vi) provide suitable seating. On March 21, 2023, a second complaint was filed in the Superior Court of the State of California, County of Santa Clara, entitled Christopher Puga v. Big 5 Corp., et. al., Case No. 23CV412953 (“Puga Complaint”). The Puga Complaint was brought as a purported PAGA action on behalf of “all current and former non-exempt employees that worked either directly or via a staffing agency for the Company or its operating subsidiary at any location in California” (“Putative Covered Employees”).
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARFrank Pasillas, SVP Store Operations
- 14
- 15SEC EDGARBoyd O. Clark, Senior VP, Buying
- 16
- 17
- 18
- 19SEC EDGARColleen B. Brown, Board member
- 20SEC EDGARStephen E. Carley, Board member
- 21
- 22SEC EDGARAlexander M. Seaver, Board member
- 23SEC EDGARVan B. Honeycutt, Board member
- 24SEC EDGARDominic P. Demarco, Board member
- 25SEC EDGARMichael D. Miller Dr., Board member
- 26SEC EDGARDavid Jessick, Board member
- 27SEC EDGARJennifer Holden Dunbar, Board member
- 28SEC EDGARSandra N. Bane, Board member
- 29SEC EDGARIan R. Landgreen, General counsel
- 30SEC EDGARLuke D. Thompson, General counsel
- 31SEC EDGARGary S. Meade, General counsel
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- 33SEC EDGARShareholder vote
- 34SEC EDGAROther events
- 35SEC EDGARResults of operations
- 36
- 37SEC EDGARShareholder vote
- 38SEC EDGARListing notice or transfer
- 39SEC EDGARResults of operations
- 40SEC EDGARResults of operations
- 41SEC EDGARResults of operations
- 42
- 43SEC EDGARResults of operations
- 44
- 45
- 46
- 47
- 48
- 49
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