Big 5 Sporting Goods Corporation Hires Barry D. Emerson to Be Chief Financial Officer
August 22 2005 - 6:20PM
PR Newswire (US)
EL SEGUNDO, Calif., Aug. 22 /PRNewswire-FirstCall/ -- Big 5
Sporting Goods Corporation (NASDAQ:BGFVE), a leading sporting goods
retailer, today announced the hiring of Barry D. Emerson to be the
Company's new Senior Vice President, Chief Financial Officer and
Treasurer. He is expected to begin employment with the Company
during early September. Mr. Emerson has over 20 years of accounting
and financial management experience, including Chief Financial
Officer positions with U.S. Auto Parts Network, a leading Internet
direct marketer of automotive replacement parts and accessories,
and Elite Information Group, a premier software developer which
traded on the Nasdaq National Market before being acquired. Mr.
Emerson also was employed by Wyle Electronics for 15 years, where
he served as Vice President and Corporate Controller. Wyle
Electronics, an electronics distribution company with $1.7 billion
in revenue, traded on the New York Stock Exchange before being
acquired. Mr. Emerson began his career as an auditor with Arthur
Andersen LLP. Mr. Emerson is a Certified Public Accountant and has
an MBA degree in finance from UCLA and an undergraduate degree in
accounting from California State University, Long Beach. "We are
pleased to announce the hiring of Barry Emerson. When we began our
search for a new Chief Financial Officer, we wanted someone who
would strengthen our finance and accounting department by bringing
an extensive background in GAAP and SEC financial reporting,"
stated Steven G. Miller, the Company's Chairman, President and
Chief Executive Officer. "Mr. Emerson possesses these skills as
well as the ability to ensure that our company will have the proper
internal controls in place to support our long-term growth and
expansion plans." "I am very excited to be joining one of the
nation's leading sporting goods retailers," Mr. Emerson added. "I
look forward to working with Big 5's executive team and accounting
department." As previously announced, Charles P. Kirk, the
Company's former Chief Financial Officer and Treasurer, will remain
a Senior Vice President and a member of the Company's senior
management team. Work on the review and associated audit of the
Company's Annual Report on Form 10-K for fiscal 2004 has been
substantially completed. The Company expects that the review and
audit will be completed and the Form 10-K will be filed shortly.
The Company also expects that the review of its Quarterly Reports
on Form 10-Q for the first quarter and second quarter of fiscal
2005 will be completed, and that those reports will be filed, soon
after the Form 10-K is filed. Mr. Emerson will become the Company's
Senior Vice President, Chief Financial Officer and Treasurer upon
the Company's filing of its Annual Report on Form 10-K for fiscal
2004 and Quarterly Reports on Form 10-Q for the first quarter and
second quarter of fiscal 2005. Pending those filings, Mr. Emerson
will serve as a Senior Vice President with the Company. About Big 5
Sporting Goods Corporation Big 5 is a leading sporting goods
retailer in the United States, operating 311 stores in 10 states
under the "Big 5 Sporting Goods" name. 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, snowboarding and in-line skating.
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, which may cause Big 5's actual results in future
periods to differ materially from forecasted results. Those risks
and uncertainties include, among other things, the competitive
environment in the sporting goods industry in general and in Big
5's specific market areas, inflation, product availability and
growth opportunities, seasonal fluctuations, weather conditions,
changes in costs of goods, changes in interest rates and economic
conditions in general. Those and other risks are more fully
described in Big 5's filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K/A filed on
October 25, 2004 and its Quarterly Report on Form 10-Q for the
quarter ended September 26, 2004. Big 5 disclaims any obligation to
update any such factors or to publicly announce results of any
revisions to any of the forward-looking statements contained herein
to reflect future events or developments. DATASOURCE: Big 5
Sporting Goods Corporation CONTACT: John Mills of Integrated
Corporate Relations, Inc., +1-310-395-2215, for Big 5 Sporting
Goods Corporation Web site: http://www.big5sportinggoods.com/
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