Big 5 Sporting Goods Corporation announced on September 22, 2025, that its Board of Directors decided to postpone the Special Meeting of Stockholders to September 26, 2025. This postponement was enacted because a material amount of shares had yet to be voted on the proposed merger agreement.
The Board unanimously recommended that stockholders vote 'FOR' the merger proposal, emphasizing that the transaction with Worldwide Golf and Capitol Hill Group represents the highest value reasonably obtainable for Big 5 shares for the foreseeable future. Independent proxy advisory firms ISS and Glass Lewis had also issued recommendations in favor of the merger proposal.
The all-cash consideration of $1.45 per share represents a premium of approximately 36% to the 60-day volume-weighted average trading price prior to the announcement. The company urged all stockholders to cast their votes in favor of the merger and related proposals, underscoring that their support is essential for completing the transaction and maximizing stockholder value.
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