Dick's Sporting Goods Inc.
DICK'S Sporting Goods and Foot Locker Announce Preliminary Election Results for Merger Consideration
Summary
On September 2, 2025, DICK'S Sporting Goods, Inc. and Foot Locker, Inc. announced the preliminary results of the election made by Foot Locker shareholders regarding the form of consideration they wish to receive in connection with the acquisition of Foot Locker by DICK'S Sporting Goods. Approximately 92.6% of Foot Locker shareholders elected to receive stock consideration, 1.2% elected cash consideration, and 6.2% did not make a valid election. The final certified results are expected shortly before the merger closing on September 8, 2025. A joint press release was furnished as Exhibit 99.1.
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About Dick's Sporting Goods Inc.
Dick's Sporting Goods Inc. is a major American sporting goods retailer, operating a vast network of stores across the United States. The company primarily focuses on providing a wide array of sporting equipment, apparel, and footwear, catering to athletes, fitness enthusiasts, and outdoor adventurers. With an extensive range of products spanning team sports, golf, running, and camping, Dick's Sporting Goods aims to support the active lifestyle and diverse interests of its customer base. Furthermore, the company operates specialty stores under the brand names Golf Galaxy and Field & Stream, which offer focused selections in golf and outdoor sports respectively. Founded in 1948 and headquartered in Coraopolis, Pennsylvania, Dick's has grown to be a significant player in the retail sector, influencing trends and consumer preferences within the sports and recreation industries. It continues to expand its market presence through strategic store locations, robust e-commerce platform, and exclusive brand partnerships, contributing to the dynamic landscape of sports retailing.
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