Hibbett Sports 2012 Annual Report Download - page 13

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Our Executive Officers
Our current executive officers and their prior business experience are as follows:
Jeffry O. Rosenthal, age 54, has been our Chief Executive Officer and President since March 2010. Formerly, he
served as President and Chief Operating Officer from February 2009 through March 2010 and as Vice President of
Merchandising from August 1998 through February 2009. Prior to joining us, Mr. Rosenthal was Vice President and Divisional
Merchandise Manager for Apparel with Champs Sports, a division of Foot Locker, Inc. from 1981 to 1998.
Gary A. Smith, age 65, has been our Chief Financial Officer since April 2001. He currently serves as a Senior Vice
President. Prior to joining us, Mr. Smith was the Chief Financial and Accounting Officer for Moore-Handley, Inc. from 2000 to
2001. Mr. Smith was the Director of Finance for City Wholesale, Inc. from 1997 to 2000 and a Senior Vice President of Parisian,
Inc. from 1979 to 1997. On January 30, 2012, Mr. Smith announced his retirement from the Company effective June 1, 2012.
As of the publication date of this filing, his replacement had not been named.
Michael J. Newsome, age 73, has been our Executive Chairman since March 2010. Formerly, he served as our
President from 1981 through August 2004 and was named Chief Executive Officer in September 1999 and Chairman of the
Board in March 2004. Since joining us as an outside salesman over 40 years ago, Mr. Newsome has held numerous positions
with us, including retail clerk, outside salesman to schools, store manager, district manager, regional manager and President.
Prior to joining us, Mr. Newsome worked in the sporting goods retail business for six years.
Cathy E. Pryor, age 49, is currently our Senior Vice President of Operations and has been with us since 1988. She has
been our Vice President of Operations since 1995. Prior to 1995, Ms. Pryor held positions as a district manager and Director of
Store Operations.
Rebecca A. Jones, age 52, was hired as our Vice President of Merchandising in August 2009 and is currently a Senior
Vice President of the Company. Prior to joining our Company, she served as Vice President/General Merchandise Manager-
Crafts at Jo-Ann Fabric and Craft Stores from 2003 to 2009 and as Vice President/Divisional Merchandise Manager at Wal-Mart
Stores from 1999 to 2003. In her prior retail experience, Ms. Jones served in various operations, planning, buying and
merchandising positions.
Our Employees
As of January 28, 2012, we employed approximately 2,300 full-time and approximately 4,400 part-time employees,
none of whom are represented by a labor union. The number of part-time employees fluctuates depending on seasonal needs.
We cannot guarantee that our employees will not, in the future, elect to be represented by a union. We consider our relationship
with our employees to be good and have not experienced significant interruptions of operations due to labor disagreements. We
have implemented programs in our stores and corporate offices to ensure that we hire and promote the most qualified employees
in a non-discriminatory way.
Employee Development. We develop our training programs in a continuing effort to service the needs of our customers
and employees. These programs include DVD training in all stores for the latest in technical detail of new products and new
operational and customer service techniques. Because we primarily promote or relocate current employees to serve as managers
for new stores, training and assessment of our employees is essential to our sustained growth.
One of the most significant programs we have is Hibbett University or “Hibbett U”, which is an intensive, four-day
training session designed specifically for store management.
Seasonality
We experience seasonal fluctuations in our net sales and results of operations. Customer buying patterns around the
spring sales period and the holiday season historically result in higher first and fourth quarter net sales. Over the past few years,
our third quarter has experienced higher than historical net sales, resulting from back-to-school shopping combined with tax-free
holidays in many of our markets. In addition, our quarterly results of operations may fluctuate significantly as a result of a
variety of factors, including the timing of new store openings, the amount and timing of net sales contributed by new stores,
merchandise mix and demand for apparel and accessories driven by local interest in sporting events.