UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
May 3, 2010
BIG 5 SPORTING GOODS CORPORATION
(Exact name of registrant as specified in charter)
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Delaware
(State or Other Jurisdiction
of Incorporation)
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000-49850
(Commission File Number)
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95-4388794
(IRS Employer
Identification No.) |
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2525 East El Segundo Boulevard,
El Segundo, California
(Address of principal executive offices)
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90245
(Zip Code) |
Registrant’s telephone number, including area code: (310) 536-0611
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2):
o Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (7 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement.
Big 5 Corp. and
Big 5 Services Corp. (“Borrowers”), subsidiaries of Big 5 Sporting Goods Corporation, are parties to a
Second Amended and Restated Financing Agreement, dated as December 15, 2004 (as amended, the “Financing
Agreement”), with The CIT Group/Business Credit, Inc., as agent
for the lenders. On May 3, 2010, in
order to reduce expenses under the Financing Agreement, the Borrowers elected to exercise their right
to permanently reduce the line of credit under the Financing Agreement from $175,000,000
to $140,000,000. A copy of the letter of amendment effecting this reduction is filed as
Exhibit 10.1 to this Current Report on Form 8-K.
Item 2.02. Results of Operations and Financial Condition.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is
furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and shall not be
deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) or otherwise subject to liability under that Section, except as specifically
incorporated by reference into a filing under the Securities Act of 1933, as amended, or the
Exchange Act.
On
May 6, 2010, Big 5 Sporting Goods Corporation issued a press release in which, among
other things, it reported financial results for its fiscal 2010
first quarter. The press release
is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
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| Exhibit No. |
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Description |
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10.1
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Letter of Reduction in Line of Credit under Financing Agreement, dated May 3, 2010. |
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99.1
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Press release, dated
May 6, 2010, issued by Big 5 Sporting Goods Corporation. |