Big 5 Sporting Goods CORP
Market Movers (8-K)
Big 5 Sporting Goods Corporation has completed its merger with Worldwide Sports Group Holdings LLC, converting all outstanding shares into cash at $1.45 per share.
Big 5 Sporting Goods Corporation stockholders approved the merger with Worldwide Sports Group Holdings LLC at a special meeting held on September 26, 2025.
Big 5 Sporting Goods Corporation filed a supplement to its definitive proxy statement to address stockholder litigation and demand letters concerning its proposed merger with Worldwide Sports Group Holdings LLC.
Worse than expected
Delay expected
Big 5 Sporting Goods Corporation announced a significant increase in net loss and a decrease in net sales for its fiscal 2025 second quarter, while confirming progress towards its $1.45 per share go-private merger with Worldwide Golf and Capitol Hill Group.
Worse than expected
Big 5 Sporting Goods Corporation has entered into a definitive agreement to be acquired by a partnership of Worldwide Golf and Capitol Hill Group for $1.45 per share in cash, valuing the transaction at approximately $112.7 million in enterprise value.
Better than expected
Big 5 Sporting Goods Corporation announced the results of its Annual Meeting of Stockholders, where key proposals including director re-elections, executive compensation, and an equity incentive plan amendment were approved.
Quarterly Earnings (10-Q)
Big 5 Sporting Goods Corporation reported significantly increased net losses and declining sales for the second quarter and first half of fiscal 2025, while simultaneously announcing a proposed merger agreement to be acquired for $1.45 per share in cash.
Worse than expected
Capital raise
Big 5 Sporting Goods Corporation reported a net loss of $17.3 million for the first quarter of fiscal 2025, impacted by decreased net sales and lower merchandise margins.
Worse than expected
Big 5 Sporting Goods Corporation reported a net loss for the third quarter of 2024, impacted by decreased sales, lower margins, and a valuation allowance on deferred tax assets.
Worse than expected
Big 5 Sporting Goods Corporation reported a net loss for the second quarter of 2024, primarily due to decreased sales and lower merchandise margins.
Worse than expected
Big 5 Sporting Goods reported a net loss for the first quarter of 2024, primarily due to a decrease in net sales, partially offset by higher merchandise margins and lower operating expenses.
Worse than expected
Annual Reports (10-K)
Big 5 Sporting Goods faced a challenging fiscal year 2024, reporting a net loss primarily due to decreased net sales influenced by significant inflationary pressures.
Worse than expected
Big 5 Sporting Goods Corporation experienced a net loss in fiscal year 2023 due to decreased sales, partially offset by reduced operating expenses.
Worse than expected
Insider Trading (Form 4)
A director of Big 5 Sporting Goods Corp. reported the disposition of shares following the company's merger, with each share converted to $1.45 in cash.
A senior executive at Big 5 Sporting Goods Corp. disposed of all common stock and stock options following the company's merger at $1.45 per share.
Ian R. Landgreen, EVP and General Counsel of Big 5 Sporting Goods, reported the disposition of all his common stock and stock options following the company's merger at $1.45 per share.
Ian R. Landgreen, EVP and General Counsel of Big 5 Sporting Goods Corp., disposed of 872 shares of common stock to satisfy tax withholding obligations related to restricted stock vesting.
Big 5 Sporting Goods Corp. Director Stephen E. Carley was granted 15,000 shares of restricted common stock on June 10, 2025, increasing his direct beneficial ownership to 59,951 shares.
Colleen Brown, a Director at Big 5 Sporting Goods Corp., was granted 15,000 shares of restricted common stock on June 10, 2025, bringing her total beneficial ownership to 60,951 shares.
Proxy Statements (Def-14A)
Big 5 Sporting Goods Corporation has rescheduled its special stockholder meeting to September 26, 2025, to vote on the proposed merger with Worldwide Sports Group Holdings LLC, while also addressing an unsolicited, deficient acquisition proposal from Party A.
Delay expected
Big 5 Sporting Goods Corporation filed a supplement to its definitive proxy statement to address shareholder litigation and demands for additional disclosures regarding its proposed merger with Worldwide Sports Group Holdings LLC.
Worse than expected
Big 5 Sporting Goods Corporation stockholders are invited to a special meeting on September 23, 2025, to vote on a proposed merger with Worldwide Sports Group Holdings LLC, offering $1.45 per share in cash.
Worse than expected
Capital raise
DEFA14A: Big 5 Sporting Goods to Be Acquired by Worldwide Golf and Capitol Hill Group in Strategic Merger
Big 5 Sporting Goods Corporation has entered into a definitive merger agreement to be acquired by a partnership of Worldwide Golf and Capitol Hill Group, aiming to inject fresh capital and drive renewed growth.
Capital raise
Big 5 Sporting Goods Corporation has entered into a definitive merger agreement to be acquired by a partnership of Worldwide Golf and Capitol Hill Group in an all-cash transaction valued at approximately $112.7 million, offering stockholders $1.45 per share.
Better than expected
Capital raise
Big 5 Sporting Goods Corporation is holding its annual meeting to vote on director re-election, executive compensation, auditor ratification, and an amendment to the equity incentive plan.
Worse than expected
Schedule 13D - Activist Investments
Gabelli-affiliated entities report a 5.48% stake in Big 5 Sporting Goods Corp, subsequently divesting all shares following its acquisition by Worldwide Sports Group.