{"id":888564,"date":"2025-09-22T21:28:28","date_gmt":"2025-09-23T01:28:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\/"},"modified":"2025-09-22T21:28:28","modified_gmt":"2025-09-23T01:28:28","slug":"big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\/","title":{"rendered":"Big 5 Sporting Goods Corporation Postpones Special Meeting of Stockholders; Urges Stockholders to Continue Voting \u201cFor\u201d the Merger and Related Proposals at the Special Meeting"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li style=\"text-align:justify\">\n          <u>$1.45 per share all-cash consideration contemplated by the proposed merger with Worldwide Golf (the \u201cMerger\u201d) is the conclusion of an eight-month process with multiple parties that resulted in three proposals.<\/u>\n        <\/li>\n<li style=\"text-align:justify\">Postpones Special Meeting of Stockholders to September 26, 2025.<\/li>\n<li style=\"text-align:justify\">Your vote is very important, regardless of the number of shares that you own. The transaction cannot be completed unless the Merger proposal is approved by the holders of at least a majority of the issued and outstanding shares of Big 5 common stock.<\/li>\n<li style=\"text-align:justify\">Independent proxy advisory firms ISS and Glass Lewis both recently issued recommendations in favor of the Merger.<\/li>\n<li style=\"text-align:justify\">Previously submitted votes remain valid with no further action required.<\/li>\n<li style=\"text-align:justify\">If you have any questions about voting, please call Innisfree, our proxy solicitor, toll-free at (877) 687-1873 if in North America, or +1 (412) 232-3651 from other countries.<\/li>\n<li style=\"text-align:justify\">Vote online at <a href=\"http:\/\/www.proxyvote.com\" rel=\"nofollow\" target=\"_blank\">www.proxyvote.com<\/a> using the information on your proxy card.\n<\/li>\n<\/ul>\n<p align=\"justify\">EL SEGUNDO, Calif., Sept.  22, 2025  (GLOBE NEWSWIRE) &#8212; Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (\u201dBig 5\u201d), a leading sporting goods retailer, today announced that, in light of the fact that a material amount of shares have yet to vote, Big 5\u2019s Board of Directors (the \u201cBoard\u201d) has determined to postpone the Special Meeting of Stockholders to September 26, 2025.<\/p>\n<p align=\"justify\">While the overwhelming majority of shares voted to date have been in favor of the Merger proposal, a material number of shares have yet to vote. Every vote matters \u2013 the Merger proposal requires the affirmative vote of a majority of the issued and outstanding shares of Big 5 common stock.<\/p>\n<p align=\"justify\">\n        <strong>The Board unanimously recommends that stockholders vote FOR the Merger proposal.<\/strong>\u00a0\u00a0<\/p>\n<p align=\"justify\">\n        <strong>Independent proxy advisory firms ISS and Glass Lewis both recently issued recommendations in favor of the Merger proposal.<\/strong>\n      <\/p>\n<p align=\"justify\">\u201cOur engagement with multiple parties over the course of eight months resulted in three proposals, and the Board unanimously determined that the transaction with Worldwide Golf and Capitol Hill Group represents the highest value reasonably obtainable for Big 5 shares for the foreseeable future, relative to our stand-alone business strategy and general financial condition,\u201d said Steven G. Miller, Chairman, President and CEO.<\/p>\n<p align=\"justify\">\u201cThe $1.45 per share all-cash consideration represents a premium of approximately 36% to the 60-day volume-weighted average trading price prior to the announcement. The approval of this transaction will allow stockholders to maximize value and mitigate the uncertainties of remaining a standalone public company.\u201d<\/p>\n<p align=\"justify\">Mr. Miller concluded, \u201cI encourage all of our stockholders, no matter how many shares they hold, to make their voices heard and vote \u2018FOR\u2019 the proposals related to the merger. Your support is essential to completing this transaction, which we believe will maximize value for all of our stockholders.\u201d<\/p>\n<p align=\"justify\">\n        <strong>If you have not already submitted a proxy for use at the Special Meeting, please vote your shares \u201cFOR\u201d the merger and related proposals using the proxy card that was previously distributed to stockholders. <\/strong>\n      <\/p>\n<p align=\"justify\">For assistance with voting your shares, please contact Innisfree, proxy solicitor, at (877) 687-1873, toll-free if in North America, or +1 (412) 232-3651 from other countries. Vote online or by telephone by following the instructions set forth on your proxy card.<\/p>\n<p align=\"justify\">The proxy materials for the Special Meeting can be found online within the \u201cSEC Filings\u201d section of Big 5\u2019s investor relations website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-AzsRuOIY9MkGEdyriZjgJB5rh33U2FbIbI7jVqOMOralCpygDDnYLfMgnTzMLh7cZlUiB12sBM_Nu4d9lKjr3oC7w-6Xn5tsdEb2xsCAOfxyovppSN0t4k2eIUfGnb6vf0rJALCOx0Io3yfHbt0SvcYjbhS24n7w-2cYiGemSQW96ZioGb_nnlh8eUsdbBa0lbEeGdavEyvxb2cw8KBNw==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.big5sportinggoods.com\/store\/company\/investorrelations<\/a><\/p>\n<p>\n        <strong>About Big 5 Sporting Goods Corporation<\/strong><br \/>\n        \n      <\/p>\n<p align=\"justify\">Big 5 is a leading sporting goods retailer in the western United States, currently operating 410 stores under the \u201cBig 5 Sporting Goods\u201d name. Big 5 provides a full-line product offering in a traditional sporting goods store format that averages 12,000 square feet. Big 5\u2019s 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, home recreation, tennis, golf, and winter and summer recreation.<\/p>\n<p>\n        <strong>Additional Information <\/strong>\n      <\/p>\n<p align=\"justify\">This communication may be deemed solicitation material in respect of the proposed acquisition of Big 5. Big 5 has filed with the SEC a proxy statement (the \u201cProxy Statement\u201d), the definitive version of which will be sent or provided to Big 5 stockholders, and other relevant documents in connection with the proposed merger. This document is not a substitute for the Proxy Statement or any other document which Big 5 may file with the SEC. Investors and securityholders of Big 5 are urged to read the Proxy Statement and other relevant materials carefully and in their entirety when they become available because they will contain important information about Big 5 and the proposed merger. Investors may obtain a free copy of these materials (when they are available) and other documents filed by Big 5 with the SEC at the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=R-bLV__mKxG4K-L2ptcR0gYX_uD6IdCNep1ebMi-x7QkqheWoeBe0YLY1y6bt_MUDvLG16lB1zMBggnmBmFcxA==\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a> and at Big 5\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-AzsRuOIY9MkGEdyriZjgJB5rh33U2FbIbI7jVqOMOralCpygDDnYLfMgnTzMLh7cZlUiB12sBM_Nu4d9lKjr1BQv0Zowm-o1VADO_Od_hIKAm-VUAdGY-E-36KWAc_GFRu16BWvkvHGgvZfjVGYGXGEu76iSdYGuNvgxU8Y6y3fXKhCYS-yp-qKkDCAkvAOUp61kF2MvQ8ZUHhVlgd16w==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.big5sportinggoods.com\/store\/company\/investorrelations<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Forward-Looking Statements<br \/><\/u><br \/>\n        <\/strong>This communication contains \u201cforward-looking statements\u201d within the meaning of the federal securities laws, including safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section\u00a027A of the Securities Act of 1933, as amended, and Section\u00a021E of the Securities Exchange Act of 1934, as amended. All statements contained in this communication that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the proposed acquisition of Big 5 Sporting Goods Corporation (\u201cBig 5\u201d) and the expected timing thereof. In some cases, you can identify forward-looking statements by terms such as \u201caim,\u201d \u201canticipate,\u201d \u201capproach,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cgoal,\u201d \u201cintend,\u201d \u201clook,\u201d \u201cmay,\u201d \u201cmission,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpursue,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould,\u201d or the negative thereof and similar words and expressions.<\/p>\n<p align=\"justify\">Forward-looking statements are based on Big 5, Worldwide Golf and Capitol Hill Group\u2019s management\u2019s current expectations, estimates, projections, beliefs and assumptions made by Big 5, Worldwide Golf and Capitol Hill Group, all of which are subject to change. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond Big 5, Worldwide Golf and Capitol Hill Group\u2019s control, and are not guarantees of future results. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements and you should not place undue reliance on any such statements, and caution must be exercised in relying on forward-looking statements. The following factors could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: (i)\u00a0the proposed merger may not be completed in a timely manner or at all or that the approval of Big 5\u2019s stockholders is not obtained; (ii)\u00a0the failure to realize the anticipated benefits of the proposed merger; (iii)\u00a0the possibility that competing offers or acquisition proposals for Big 5 will be made; (iv)\u00a0the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived; (v)\u00a0the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances which would require Big 5 to pay a termination fee or other expenses; (vi)\u00a0the effect of the announcement or pendency of the merger on Big 5, Worldwide Golf or Capitol Hill Group\u2019s ability to retain and hire key personnel, or their respective operating results and business generally, (vii)\u00a0there may be liabilities related to the merger that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (viii)\u00a0the merger may result in the diversion of Big 5, Worldwide Golf or Capitol Hill Group\u2019s management\u2019s time and attention to issues relating to the merger; (ix)\u00a0there may be significant transaction costs in connection with the merger; (x)\u00a0legal proceedings or regulatory actions may be instituted against Big 5, Worldwide Golf or Capitol Hill Group following the announcement of the merger, which may have an unfavorable outcome; (xi)\u00a0Big 5\u2019s stock price may decline significantly if the merger is not consummated; (xii)\u00a0the ability of Worldwide Golf and Capitol Hill Group to integrate and implement their respective plans, forecasts and other expectations with respect to Big 5\u2019s business after the completion of the proposed transaction and realize additional opportunities for growth and innovation; (xiii)\u00a0Big 5, Worldwide Golf and Capitol Hill Group\u2019s ability to implement their respective business strategies; (xiv)\u00a0the risks related to Worldwide Golf and Capitol Hill Group\u2019s financing of the proposed transaction; and (xv)\u00a0the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities or current or future pandemics or epidemics, as well as Big 5, Worldwide Golf and Capitol Hill Group\u2019s response to any of the aforementioned factors. In addition, a number of other important factors could cause Big 5\u2019s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including, but not limited to, those important factors discussed under the headings \u201cForward-Looking Statements,\u201d \u201cRisk Factors\u201d and other sections of Big 5\u2019s Annual Report on Form\u00a010-K\u00a0for its fiscal year ended December\u00a029, 2024, Quarterly Reports on Form\u00a010-Q,\u00a0Current Reports on Form\u00a08-K\u00a0and other filings made by Big 5, each as filed with the SEC, as such factors may be updated from time to time in Big 5\u2019s other filings with the SEC, accessible on the SEC\u2019s website at www.sec.gov and the Investor Relations section of Big 5\u2019s website at https:\/\/www.big5sportinggoods.com\/store\/company\/investorrelations. These risks should not be considered a complete statement of all potential risks and uncertainty, and are discussed more fully, along with other risks associated with the proposed transaction, in the Proxy Statement filed with the SEC in connection with the proposed transaction. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.<\/p>\n<p align=\"justify\">All forward-looking statements are expressly qualified in their entirety by such factors. Except as required by law, Big 5 does not undertake any obligation to publicly update or review any forward-looking statement, whether because of new information, future developments or otherwise. These forward-looking statements should not be relied upon as representing Big 5\u2019s views as of any date subsequent to the date of this communication.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Additional Information<br \/><\/u><br \/>\n        <\/strong>In connection with the proposed Merger, the Company filed with the SEC the Proxy Statement. The Company may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC.\u00a0<strong>INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.\u00a0<\/strong>Investors and security holders may obtain free copies of the Proxy Statement and other documents that are filed or will be filed with the SEC by the Company at the SEC\u2019s website at www.sec.gov and at Big 5\u2019s website at https:\/\/www.big5sportinggoods.com\/store\/company\/investorrelations.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Participants in the Solicitation<br \/><\/u><br \/>\n        <\/strong>Big 5 and certain of its directors, executive officers and other members of management and employees, under SEC rules, may be deemed to be participants in soliciting proxies from its stockholders in connection with the proposed merger. Information regarding Big 5\u2019s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in Big 5\u2019s proxy statement for its 2025 annual meeting of stockholders (the \u201cAnnual Meeting Proxy Statement\u201d), which was filed with the SEC on April\u00a023, 2025, and is set forth in the Proxy Statement filed and other materials to be filed with the SEC in connection with the proposed transaction (if and when they become available). To the extent holdings of Big 5\u2019s securities by its directors or executive officers have changed since the amounts set forth in the Annual Meeting Proxy Statement or the Proxy Statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form\u00a03 or Statements of Beneficial Ownership on Form\u00a04 filed with the SEC. Investors and security holders may obtain free copies of these documents using the sources indicated above.<\/p>\n<p>\n        <strong>Contact:<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Big 5 Sporting Goods Corporation<br \/>Barry Emerson<br \/>Executive Vice President and Chief Financial Officer<br \/>(310) 536-0611<\/p>\n<p>ICR, Inc.<br \/>Jeff Sonnek<br \/>Managing Director<br \/>(646) 277-1263<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUzMzUzOCM3MTU5OTY2IzIwMDcwNTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjZkNzk0NWQtZGVjNS00ZjhjLWE2N2UtOGVhYTZkYzM3ZDA3LTEwMTg2MjQtMjAyNS0wOS0yMy1lbg==\/tiny\/Big-5-Sporting-Goods-Corporati.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>$1.45 per share all-cash consideration contemplated by the proposed merger with Worldwide Golf (the \u201cMerger\u201d) is the conclusion of an eight-month process with multiple parties that resulted in three proposals. Postpones Special Meeting of Stockholders to September 26, 2025. Your vote is very important, regardless of the number of shares that you own. The transaction cannot be completed unless the Merger proposal is approved by the holders of at least a majority of the issued and outstanding shares of Big 5 common stock. Independent proxy advisory firms ISS and Glass Lewis both recently issued recommendations in favor of the Merger. Previously submitted votes remain valid with no further action required. If you have any questions about voting, please call Innisfree, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Big 5 Sporting Goods Corporation Postpones Special Meeting of Stockholders; Urges Stockholders to Continue Voting \u201cFor\u201d the Merger and Related Proposals at the Special Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-888564","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big 5 Sporting Goods Corporation Postpones Special Meeting of Stockholders; Urges Stockholders to Continue Voting \u201cFor\u201d the Merger and Related Proposals at the Special Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big 5 Sporting Goods Corporation Postpones Special Meeting of Stockholders; Urges Stockholders to Continue Voting \u201cFor\u201d the Merger and Related Proposals at the Special Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"$1.45 per share all-cash consideration contemplated by the proposed merger with Worldwide Golf (the \u201cMerger\u201d) is the conclusion of an eight-month process with multiple parties that resulted in three proposals. Postpones Special Meeting of Stockholders to September 26, 2025. Your vote is very important, regardless of the number of shares that you own. The transaction cannot be completed unless the Merger proposal is approved by the holders of at least a majority of the issued and outstanding shares of Big 5 common stock. Independent proxy advisory firms ISS and Glass Lewis both recently issued recommendations in favor of the Merger. Previously submitted votes remain valid with no further action required. If you have any questions about voting, please call Innisfree, &hellip; Continue reading &quot;Big 5 Sporting Goods Corporation Postpones Special Meeting of Stockholders; Urges Stockholders to Continue Voting \u201cFor\u201d the Merger and Related Proposals at the Special Meeting&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-23T01:28:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUzMzUzOCM3MTU5OTY2IzIwMDcwNTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/big-5-sporting-goods-corporation-postpones-special-meeting-of-stockholders-urges-stockholders-to-continue-voting-for-the-merger-and-related-proposals-at-the-special-meeting\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Big 5 Sporting Goods Corporation Postpones Special Meeting of Stockholders; 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Postpones Special Meeting of Stockholders to September 26, 2025. Your vote is very important, regardless of the number of shares that you own. The transaction cannot be completed unless the Merger proposal is approved by the holders of at least a majority of the issued and outstanding shares of Big 5 common stock. Independent proxy advisory firms ISS and Glass Lewis both recently issued recommendations in favor of the Merger. Previously submitted votes remain valid with no further action required. 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