SEC Form 8-K filed by Big 5 Sporting Goods Corporation
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.07 | Submission of Matters to a Vote of Security Holders |
On September 26, 2025, Big 5 Sporting Goods Corporation, a Delaware corporation (“Big 5” or the “Company”), held an in person special meeting of its stockholders (the “Special Meeting”) to consider the proposals identified in the definitive proxy statement of Big 5 prepared in connection with the Merger Agreement (as defined below) and filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 8, 2025, which was first mailed to Big 5’s stockholders on August 13, 2025.
As of the close of business on August 7, 2025, the record date for the Special Meeting, there were 22,918,921 shares of Big 5 common stock, par value $0.01 per share (“Common Stock”), issued and outstanding and entitled to vote at the Special Meeting. At the Special Meeting, a total of 14,285,424 shares of Common Stock, representing approximately 62.33% of the shares of Big 5 Common Stock issued and outstanding and entitled to vote, were present or represented by proxy at the Special Meeting, constituting a quorum to conduct business. The tables below detail the final voting results for each proposal considered at the Special Meeting:
| 1. | Proposal No. 1 - The Merger Proposal: Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement” or “Agreement”), dated as of June 29, 2025, by and among Big 5; Worldwide Sports Group Holdings LLC, a Delaware limited liability company (“Parent”); WSG Merger LLC, a Delaware limited liability company and a wholly owned direct subsidiary of Parent (“Merger Sub”); and, solely for purposes of Section 9.13 of the Merger Agreement, Worldwide Golf Group LLC, a Delaware limited liability company, pursuant to which Merger Sub will be merged with and into Big 5, with Big 5 surviving as a wholly owned subsidiary of Parent (the “Merger” and such proposal, the “Merger Proposal”). |
The Merger Proposal was approved by the requisite vote of Big 5’s stockholders.
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 12,160,662 |
1,965,126 | 159,636 | 0 |
| 2. | Proposal No. 2 - The Merger Compensation Proposal: To approve, on a non-binding, advisory basis, certain compensation that will or may be paid or become payable to Big 5’s named executive officers that is based on or otherwise relates to the Merger (the “Merger Compensation Proposal”). |
The Merger Compensation Proposal was approved by the requisite vote of Big 5’s stockholders.
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 9,128,179 |
4,834,765 | 322,480 | 0 |
| 3. | Proposal No. 3 - The Adjournment Proposal: To approve the adjournment of the Special Meeting to a later date or dates if necessary to solicit additional proxies if there are insufficient votes in person or by proxy to approve the Merger Proposal at the time of the Special Meeting (the “Adjournment Proposal”). |
Adjournment of the Special Meeting was deemed not necessary because there was a quorum present and there were sufficient proxies at the time of the Special Meeting to approve the Merger Proposal.
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 12,231,573 |
1,849,722 | 204,129 | 0 |
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.
| Dated: September 29, 2025 | BIG 5 SPORTING GOODS CORPORATION | |||||
| By: | /s/ Barry D. Emerson | |||||
| Name: | Barry D. Emerson | |||||
| Title: | Executive Vice President, Chief Financial Officer and Treasurer | |||||