Big 5 Sporting Goods Corporation Appoints Colleen Birdnow Brown to Its Board of Directors
August 22 2019 - 8:00AM
Big 5 Sporting Goods Corporation (NASDAQ: BGFV) (the “Company”), a
leading sporting goods retailer, is pleased to announce the
appointment of Colleen Birdnow Brown to its board of directors,
effective August 21, 2019. Ms. Brown is a highly experienced and
recognized corporate director and executive with a strong
background in marketing, technology, media, strategic planning and
corporate governance.
Steven G. Miller, the Company’s Chairman,
President and Chief Executive Officer commented, “Colleen brings
extensive executive and boardroom experience in strategic planning,
operations, marketing, technology and corporate governance matters
through a distinguished career of proven leadership that has
included service as chair of a public company board, Chief
Executive Officer of a public company and senior officer of
multiple leading companies. We are excited to have her as a part of
the Big 5 Sporting Goods Board of Directors and look forward to
leveraging her expertise as we execute on our long-term growth
strategy.”
Ms. Brown was previously President, Chief
Executive Officer and a director of Fisher Communications Inc., a
public multimedia company. She also has served in various
leadership capacities with media companies Belo Corp., Lee
Enterprises and Gannett Co. In addition, Ms. Brown is the founder
of Marca Global, an innovative marketing and internet technology
company.
Ms. Brown currently serves on the board of
TrueBlue, where she is chair of the Innovation and Technology
Committee and a member of the Nominating & Corporate Governance
Committee and the Compensation Committee, and Spark Networks, where
she is chair of the Audit Committee and a member of the Presiding
Committee. She also serves on the boards of privately held Port
Blakely Forestry and IntellaSphere, as well as non-profit Delta
Dental of Washington. Over the course of her career, Ms. Brown has
served on numerous other corporate boards, including American
Apparel, where she served as board chair, DataSphere Technologies,
BECU (Boeing Employees Credit Union), CareerBuilder and Classified
Ventures.
In 2017, Ms. Brown was recognized as “Director
of the Year” by the Pacific Northwest chapter of the National
Association of Corporate Directors (“NACD”) and also was selected
as a “Top 100 Director” in the United States by the NACD.
About Big 5 Sporting Goods Corporation
Big 5 is a leading sporting goods retailer in
the western United States, operating 434 stores under the “Big 5
Sporting Goods” name as of the fiscal quarter ended June 30, 2019.
Big 5 provides a full-line product offering in a traditional
sporting goods store format that averages 11,000 square feet. Big
5’s product mix includes athletic shoes, apparel and accessories,
as well as a broad selection of outdoor and athletic equipment for
team sports, fitness, camping, hunting, fishing, tennis, golf,
winter and summer recreation and roller sports.
Except for historical information contained
herein, the statements in this release are forward-looking and made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties and other factors that
may cause Big 5’s actual results in current or future periods to
differ materially from forecasted results. These risks and
uncertainties include, among other things, changes in the consumer
spending environment, fluctuations in consumer holiday spending
patterns, increased competition from e-commerce retailers, breach
of data security or other unauthorized disclosure of sensitive
personal or confidential information, the competitive environment
in the sporting goods industry in general and in Big 5’s specific
market areas, inflation, product availability and growth
opportunities, changes in the current market for (or regulation of)
firearm-related products, disruption in product flow, seasonal
fluctuations, weather conditions, changes in cost of goods,
operating expense fluctuations, increases in labor and
benefit-related expense, changes in laws or regulations, including
those related to tariffs and duties, lower than expected
profitability of Big 5’s e-commerce platform or cannibalization of
sales from Big 5’s existing store base which could occur as a
result of operating the e-commerce platform, litigation risks,
stockholder campaigns and proxy contests, risks related to Big 5’s
leveraged financial condition, changes in interest rates, credit
availability, higher expense associated with sources of credit
resulting from uncertainty in financial markets and economic
conditions in general. Those and other risks and uncertainties are
more fully described in Big 5’s filings with the Securities and
Exchange Commission, including its Annual Reports on Form 10-K and
Quarterly Reports on Form 10-Q. Big 5 conducts its business in a
highly competitive and rapidly changing environment. Accordingly,
new risk factors may arise. It is not possible for management to
predict all such risk factors, nor to assess the impact of all such
risk factors on Big 5’s business or the extent to which any
individual risk factor, or combination of factors, may cause
results to differ materially from those contained in any
forward-looking statement. Big 5 undertakes no obligation to revise
or update any forward-looking statement that may be made from time
to time by it or on its behalf.
Contact:Big 5 Sporting Goods CorporationBarry EmersonSr. Vice
President and Chief Financial Officer(310) 536-0611
ICR, Inc.John MillsManaging Partner(646) 277-1254
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