Form 8-K FINISH LINE INC /IN/ For: Jan 15
Tweet
Share
E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 15, 2015
The Finish Line, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Indiana | 0-20184 | 35-1537210 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
3308 North Mitthoeffer Road Indianapolis, Indiana | 46235 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrants telephone number, including area code: 317-899-1022
Not Applicable
_________________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On January 15, 2015, the Company announced a cash dividend of $0.09 per share of the Companys outstanding common stock. The cash dividend will be payable on March 16, 2015 to shareholders of record as of February 27, 2015.
Information regarding the dividend is included in the copy of the press release issued on January 15, 2015 and attached to this Form 8-K as Exhibit 99.1.�
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | |
99.1 | Press Release issued January 15, 2015 | |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The Finish Line, Inc. | |||
Date: January 15, 2015 | By: | /s/ Edward W. Wilhelm���������������� | |
Name: | Edward W. Wilhelm | ||
Title: | Executive Vice President, Chief Financial Officer | ||
����
3
Exhibit 99.1
Finish Line Declares Quarterly Cash Dividend
INDIANAPOLIS, Jan. 15, 2015 - The Finish Line, Inc. (NASDAQ: FINL) announced today that its board of directors has declared a quarterly cash dividend of $0.09 per share of outstanding common stock. This represents a $0.01 per share or 13% increase over the previous dividend paid by the company. The quarterly cash dividend will be payable on March 16, 2015 to shareholders of record as of February 27, 2015.
We are pleased that we can continue to return value to our shareholders through this quarterly dividend, said Finish Line Chairman and Chief Executive Officer Glenn Lyon. We are also committed to increasing shareholder value by successfully executing the long-term growth strategies weve outlined for our Finish Line, Macys and Running Specialty Group business units.
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 1,040 Finish Line branded locations primarily in U.S. malls and shops inside Macys 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 66 specialty running stores in 15 states and the District of Columbia under The Running Company, Run On!, Blue Mile, Boulder Running Company, Ronckers Running Spot, Running Fit, VA Runner, Capital RunWalk, Richmond RoadRunner, Gary Gribbles Running Sports and Run Colorado banners. More information is available at�www.run.com or www.boulderrunningcompany.com.
Forward-Looking Statements
This 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 companys 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 companys 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 companys capital allocation strategy); cybersecurity risks, including breach of customer data; and the other risks detailed in the companys 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.
Media Contact: | Investor Contact: |
Dianna L. Boyce | Ed Wilhelm |
Corporate Communications | Chief Financial Officer |
(317) 613-6577 | (317) 613-6914 |
1
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Monroe Capital Supports Leeds Equity Partners’ TouchMath
- Rockwell Medical to Release First Quarter 2024 Results on Tuesday, May 14, 2024
- Him For Her Expands Board of Directors to Support Mission, Growth
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
