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Share Name | Share Symbol | Market | Type |
---|---|---|---|
The Finish Line, Inc. (delisted) | NASDAQ:FINL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.51 | 13.73 | 14.98 | 0 | 01:00:00 |
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material under § 240.14a-12
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The Finish Line, Inc.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11
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Title of each class of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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Amount Previously Paid:
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Date Filed:
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Early this morning, we issued a joint news release with a company called JD (formal name is JD Sports Fashion PLC) across the wire here and in Great Britain
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We announced that we have agreed to merge with JD and I wanted to get this information to you promptly and explain what this means for us
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Today is a new day for Finish Line
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An exciting, next step forward in our story
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JD is based in the United Kingdom and has an impressive international presence with more than 20 brands in many European countries as well as South Korea, Malaysia and Australia
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JD is a leading, premium multichannel retailer of sports, fashion and outdoor brands who embraces the latest online and in-store digital technology
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We share the same vision and drive to serve our customers with premium brands through a unique and innovative experience
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If that sounds a lot like us, you’re right
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That’s an important part of our decision to join forces with them
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With JD, Finish Line moves into a stronger position to compete as part of a global enterprise that leads in our industry
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So what does this mean to YOU?
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What it means to you is that Finish Line will be stronger than ever
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Our leadership team continues to be committed to our employees, our customers and the successful future of Finish Line
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Being part of a global enterprise can offer professional growth opportunities
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Yes, this means change - change means progress, it keeps us relevant in the ever-evolving retail landscape
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Upon closing of the transaction, Finish Line will become the U.S. subsidiary - basically the U.S. based headquarters - for JD
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We will no longer be a standalone publicly traded company in the United States as we will be under the ownership of JD in the United Kingdom who is publicly traded on the London Stock Exchange
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We expect to close on this transaction
no earlier than June
pending shareholder approval of the merger, the receipt of all required regulatory approvals, and the satisfaction of other customary closing conditions
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Next steps include shareholder approval at our end and at JD’s end, and regulatory approval of the transaction
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Then, upon the satisfaction of other customary closing conditions, we will have a formal closing of the merger
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For now - we need to do our best to communicate this with employees so we will hold a Stand-Up Town Hall 10:00 AM this morning here at Customer Central
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Right after that I will host a Google Meet with our Boulder team at 11:00 AM
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Over the next 24 hours or so each member of our leadership team will meet with all your departments as well
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They may ask you to help schedule those
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The leadership team will reinforce the message you just heard which is what I will share during the Town Hall too
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Please ensure that your teams attend the Town Hall
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the Department Meetings
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Also, we realize some employees may be out of the office so please make sure they see the email that we sent this morning so they have the information as timely as possible
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It’s important for employees to understand that we do not have all of the answers yet
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If you get questions from people outside the organization, please forward them to the appropriate member of our leadership team: Media inquiries should be directed to Dianna and shareholders/investors can go to Ed
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Bottomline - strategically this positions Finish Line for long-term success as we work side-by-side with JD to leverage the benefits that we each bring to the table
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As this next chapter for Finish Line begins, you can help us write the story with your continued dedication to our customers and commitment to providing the best-of-the-best service and product to them
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Thank you!
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1 Year The Finish Line, Inc. (delisted) Chart |
1 Month The Finish Line, Inc. (delisted) Chart |
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