Send us Feedback

Hibbett Sports (HIBB)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

HIBB » Topics » Cathy E. Pryor

This excerpt taken from the HIBB DEF 14A filed May 2, 2007.
Cathy E. Pryor

 

Cathy E. Pryor has been with us since 1988 and has been our Vice President of Store Operations since 1995. Prior to 1995, Ms. Pryor held positions as a district manager and Director of Store Operations.

 

Salary and Bonus. Ms. Pryor’s base salary for fiscal 2007 was $226,000. She also received the annual holiday bonus of $150 based on years of continued service.

 

Stock and Option Awards. As part of the fiscal 2007 annual compensation package adopted by the Compensation Committee, Ms. Pryor was awarded 9,200 options to purchase our common stock and 2,000 restricted stock units.

 

Under our current equity plan grant agreement, stock options vest equally over a four (4) year term and expire on the eighth anniversary of the date of grant. Restricted stock units typically have a five-year cliff vesting schedule. Ms. Pryor is not subject to any accelerated vesting provisions due to her age.

 

Non-Equity Incentive Plan Compensation. Based on the company’s net income goal achievement, Ms. Pryor earned a company bonus of 43.9% of her base salary or $99,158. Potential company bonus established by the Compensation Committee for fiscal 2007 was $110,175.

 

Individual goals set for Ms. Pryor were based on the achievement of the following performance factors:

 

•

Achieve an average proforma sales of new stores at a defined level of return-on-investment with at least 60% of the stores achieving 95% of their proforma sales (the run rate will be calculated based on store performance through August 2007 and paid in September 2007);

•

Improve retail division shrink to a defined level;

•

Improve total store labor as a percent to sales to a defined level; and

•

Improve items per sales transaction to a defined level.

 

In addition, the following criteria had to be met in order to qualify for the individual bonus:

 

•

Visit a defined number of different stores in 19 different states, visiting each district at least once;

•

Work a defined number of shifts in retail stores, working the same duties as an hourly employee; and

•

Identify no material weaknesses of internal controls over financial reporting in her area of responsibility for our fiscal 2007 financial statements.

 

Based on the above criteria and goals, Ms. Pryor earned $7,000 out of a potential $36,725 of her individual bonus. Of the total individual bonus potential, $7,000 is based on the return-on-investment goal that will be determined in August 2007 and paid in September 2007, if achieved. This amount is included in the Summary Compensation Table for fiscal 2007 as the Committee believes it is probable the goal will be achieved and paid.

 

Based on the fiscal 2006 goal of a defined return-on-investment with at least 55% of the individual stores achieving 95% of their proforma sales with a run rate calculated based on store performance through August 2006,

 

- 32 -


Ms. Pryor earned a bonus of $6,000 which was paid in September 2006. This amount is not included in the Summary Compensation Table for fiscal 2007.

 

Other Compensation. Other compensation earned by Ms. Pryor is made up of benefits and other such perquisites identified as having value to her and an incremental cost to us. See table on page 29 for an analysis of those items and costs identified as other compensation to Ms. Pryor.

 

This excerpt taken from the HIBB DEF 14A filed May 1, 2006.
Cathy E. Pryor has been with the Company since 1988 and has been the Vice President of Store Operations of the Company since 1995. Prior to 1995, Ms. Pryor held positions as a district manager and Director of Store Operations of the Company.

 

EXCERPTS ON THIS PAGE:

DEF 14A
May 2, 2007
DEF 14A
May 1, 2006

RELATED TOPICS for HIBB:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki