8-K

UNITED 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) December 27, 2007

Hibbett Sports, Inc.

(Exact Name Of Registrant As Specified In Its Charter)

Delaware	000-20969	20-8159608
(State of Incorporation)	(Commission	(IRS Employer
	File Number)	Identification No.)

451 Industrial Lane

Birmingham, Alabama  35211

(Address of principal executive offices)

(205) 942-4292

(Registrant’s telephone number, including area code)

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 1.01.  Entry Into a Material Definitive Agreement.

On January 2, 2008, Hibbett Sports, Inc. announced the hiring of Mr. Nissan Joseph as the Company’s new President and Chief Operating Officer, as further described in Item 5.02(c) below.  The Company also confirmed a base salary for Mr. Joseph for fiscal year 2009 of $290,000 (annualized).  At the same time, the Company established a target cash bonus of eighty percent of salary for fiscal year 2009, with no amount of the bonus guaranteed.  Target bonuses are based on the Company’s performance during fiscal year 2009 as well as individual goals.  The Company shall pay Mr. Joseph a signing bonus of $40,000 as well as temporary housing expenses for up to ninety (90) days.

Also, in connection with Mr. Joseph’s hiring, the Company authorized the award of 10,000 restricted stock units under the 2005 Equity Incentive Plan to be granted on the first day of the Company’s fiscal quarter following Mr. Joseph’s employment.  The award is subject to five (5) year cliff vesting.

Item 5.02  Departure of Directors of Principal Officers; Election of Directors; Appointment of Principal Officers.

(c)           (1)           On December 27, 2007, Mr. Joseph, age 43, was appointed by the Company as President and Chief Operating Officer, to be effective by early February.

(2)           Mr. Joseph has not previously been employed by the Company and has no family relationship to any of our officers or directors.  For the past four years, his principal occupation and employment was as President and Chief Executive Officer of Hickory Brands, Inc., a privately owned manufacturer of footwear accessories.  Prior to joining Hickory Brands, Mr. Joseph spent four years with Payless Shoes in Australia where he was General Manager of Operations and fourteen years with Footaction USA in Texas where he worked in operations positions from store manager to Regional Vice President.  He was chosen as one of the top 25 “Leaders to Watch in Sporting Goods” by Sports Edge in 2004 and currently serves on several local Boards of Directors in Hickory, North Carolina.

               There are no transactions between the Company and Mr. Joseph that would be reportable under Item 401(a) of the SEC's Regulation S-K (Certain Relationships and Related Transactions).

A copy of the Company’s related press release is attached hereto as Exhibit 99.1.

Item 7.01.  Regulation FD Disclosure.

A copy of a press release relating to the hiring of Mr. Joseph is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section.  It may be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release Dated January 2, 2008

SIGNATURE

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.

HIBBETT SPORTS, INC.
By:	/s/ Gary A. Smith
	Gary A. Smith
	Vice President and Chief Financial Officer

January 2, 2008

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release Dated January 2, 2008

EX-99.1

EXHIBIT 99.1

60; Contact:	Gary Smith
	Vice-President &
	Chief Financial Officer
	(205) 942-4292

HIBBETT SPORTS HIRES PRESIDENT AND CHIEF OPERATING OFFICER

BIRMINGHAM, Ala. (January 2, 2008) – Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, today announced that Nissan Joseph will join the Company as President and Chief Operating Officer.   Mr. Joseph will report to Mickey Newsome, Chairman and Chief Executive Officer, and is expected to begin his duties by early February 2008.

Mr. Joseph brings 22 years of sporting goods retail and wholesale experience to the Company.  Prior to joining Hibbett, Nissan served as President and Chief Executive Officer of Hickory Brands, Inc. in Hickory, North Carolina, a privately owned manufacturer of footwear accessories with domestic and international operations.  During his tenure, he was responsible for sales, strategic planning, finance, branding, sourcing and manufacturing operations.  Prior to joining Hickory Brands, he held the positions of General Manager for Payless Shoes in Australia and Regional Vice President for Footaction USA.

In commenting on the announcement, Mr. Newsome stated, "We are extremely fortunate to have someone with Nissan’s domestic and international expertise join our management team.  His diverse background and successful track record in management, logistics, transportation and importing will be extremely beneficial as we continue to expand our store base and increase our profitability.  Nissan’s leadership and experience will complement our strong management team."

Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, predominately in the Sunbelt, Mid-Atlantic and the lower Midwest.  The Company’s primary store format is Hibbett Sports, a 5,000-square-foot store located in dominant strip centers and enclosed malls.

A WARNING ABOUT FORWARD LOOKING STATEMENTS:  Certain matters discussed in this press release are "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995.  Forward looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, guidance, outlook, or estimate.  For example, our forward looking statements include statements regarding market expansion and increased profitability.  Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including economic conditions, industry trends, merchandise trends, vendor relationships, customer demand, and competition.  For a complete description of these factors, as well as others which could affect our business, you should carefully review the "Risk Factors," "Business," and "MD&A" sections in our Annual Report on Form 10-K filed on April 4, 2007 and our most recent prospectus supplement filed May 2, 2003.  In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply.  We are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

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