Finish Line Appoints Samuel M. Sato President
October 21 2014 - 7:31AM
Business Wire
Also Elects Him to Board of Directors
The Finish Line, Inc. (NASDAQ: FINL) announced today that Samuel
M. Sato, formerly President, Finish Line Brand, has been named as
President, The Finish Line, Inc. The Board of Directors also
elected him to the board, filling the Class II director position
previously held by Bill Kirkendall.
“In the role of president, Sam will be more involved in all
facets of Finish Line as we look toward our future,” said Glenn
Lyon, Chief Executive Officer and Chairman of the Board of Finish
Line. “Sam has a keen sense of the retail business and his acumen
will further guide Finish Line’s premium initiatives. He will
direct our company’s vision and mission with his much valued retail
knowledge, dedicated spirit, passion and character.”
Sato joined Finish Line in March, 2007 as Executive Vice
President and Chief Merchandising Officer. He was then named
President and Chief Merchandising Officer in August, 2010 before
assuming the role as President of the Finish Line Brand in October,
2012. He has served an integral role in creating, sustaining and
elevating the Finish Line brand through our vendor partnerships,
marketing and digital initiatives and store operations. Sato
started his executive retail career at Nordstrom in 1985 prior to
joining Finish Line.
Lyon added, “Our Board respects Sam’s ability to build and
strengthen partnerships with our brands, our customers and our
shareholders. As Finish Line continues to grow, his voice and
experience will drive us to stay laser-focused on serving our
customers and exceeding their expectations in this rapidly-changing
omnichannel retail environment.”
About The Finish Line,
Inc.The Finish Line, Inc. is a premium retailer of
athletic shoes, apparel and accessories. Headquartered in
Indianapolis, Finish Line has approximately 1,030 Finish Line
branded locations primarily in U.S. malls and shops inside Macy’s
department stores and employs more than 14,000 sneakerologists who
help customers every day connect with their sport, their life and
their style. Online shopping is available at www.finishline.com and
www.macys.com. Mobile shopping is available at m.finishline.com.
Follow Finish Line on Twitter at Twitter.com/FinishLine and
“like” Finish Line on Facebook at Facebook.com/FinishLine.
Track loyalty points and find store and product information with
the free Finish Line app downloadable for iOS and Android
customers.
Finish Line also operates the Running Specialty Group. This
includes 59 specialty running stores in 13 states and the District
of Columbia under The Running Company, Run On!, Blue Mile, Boulder
Running Company, Roncker’s Running Spot, Running Fit, VA Runner
banners and CapitalRunWalk banners. More information is available
at www.run.com or www.boulderrunningcompany.com.
Forward-Looking
StatementsThis news release includes statements that are
or may be considered "forward-looking" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
generally can be identified by the use of words or phrases such as
"believe," "expect," "future," "anticipate," "intend," "plan,"
"foresee," "may," "should," "will," "estimates," "outlook,"
"potential," "optimistic," "confidence," "continue," "evolve,"
"expand," "growth" or words and phrases of similar meaning.
Statements that describe objectives, plans or goals also are
forward-looking statements.
All of these forward-looking statements are subject to risks,
management assumptions and uncertainties that could cause actual
results to differ materially from those contemplated by the
relevant forward-looking statements. The principal risk factors
that could cause actual performance and future actions to differ
materially from the forward-looking statements include, but are not
limited to, the company's reliance on a few key vendors for a
majority of its merchandise purchases (including a significant
portion from one key vendor); the availability and timely receipt
of products; the ability to timely fulfill and ship products to
customers; fluctuations in oil prices causing changes in gasoline
and energy prices, resulting in changes in consumer spending as
well as increases in utility, freight and product costs; product
demand and market acceptance risks; deterioration of macro-economic
and business conditions; the inability to locate and obtain or
retain acceptable lease terms for the company's stores; the effect
of competitive products and pricing; loss of key employees;
execution of strategic growth initiatives (including actual and
potential mergers and acquisitions and other components of the
company's capital allocation strategy); cybersecurity risks,
including breach of customer data; and the other risks detailed in
the company's Securities and Exchange Commission filings. Readers
are urged to consider these factors carefully in evaluating the
forward-looking statements. The forward-looking statements included
herein are made only as of the date of this report and Finish Line
undertakes no obligation to publicly update these forward-looking
statements to reflect subsequent events or circumstances.
The Finish Line, Inc.Dianna L. Boyce, Corporate Communications,
317-613-6577
The Finish Line, Inc. (delisted) (NASDAQ:FINL)
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