Shareholders returned two Dick's Sporting Goods Inc. directors to the board and approved two additional members during the Findlay retailer's annual meeting at the Hyatt Regency at the Pittsburgh International Airport this afternoon.
The small gathering was sparsely attended, with Dick's reporting on a fiscal year in which earnings per share rose 35 percent and net income was up 39 percent. The company recently completed the acquisition of Golf Galaxy, a Minnesota specialty golf chain.
Dick's Chairman Edward Stack said the company continues to see the potential for 800 stores within seven years if it can keep up its growth pace. Its long-term goals also call for growing earnings per share at about 20 percent per year.
Board members Emanuel Chirico and Walter Rossi were approved for additional three-year terms. Mr. Chirico is chief executive officer of Phillips-Van Heusen Corp. Mr. Rossi, who has extensive retail experience, is a director of Guitar Center Inc.
New director Brian J. Dunn, president and chief operating officer of Best Buy Co., will also serve three years, while new director Larry D. Stone, president and chief operating officer of Lowe's Cos., was approved for a two-year stint on the board.
First Published: June 6, 2007, 7:00 p.m.