Item 8.01 Other Events.
On January 27, 2021, Academy Sports and Outdoors, Inc. (the "Company") entered
into an Underwriting Agreement (the "Underwriting Agreement"), by and among the
Company, Allstar LLC, Allstar Co-Invest Blocker L.P., KKR 2006 Allstar Blocker
L.P., MSI 2011 LLC, MG Family Limited Partnership and the management selling
stockholder named therein (collectively, the "Selling Stockholders"), and Credit
Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as representatives
of the several underwriters named therein (the "Underwriters"), relating to an
underwritten offering (the "Secondary Offering") of 12,000,000 shares of the
Company's common stock, par value $0.01 per share ("Common Stock"), pursuant to
the Company's Registration Statement on Form S-1 (File No. 333-252390), filed on
January 25, 2021. The Selling Stockholders have granted the Underwriters the
option to purchase, within 30 days from the date of the Underwriting Agreement,
an additional 1,800,000 shares of Common Stock. On January 29, 2021, the
Underwriters exercised in full their option to purchase the additional shares.
The Secondary Offering was completed on February 1, 2021. Pursuant to the
Underwriting Agreement, the Underwriters purchased the shares from the Selling
Stockholders at a price of $20.69375 per share. The Company did not receive any
proceeds from the Secondary Offering.
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