NIKE, Inc. Reports Board and Executive Compensation Changes
Ticker: NKE · Form: 8-K · Filed: Jun 5, 2024 · CIK: 320187
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: NKE
TL;DR
NIKE just shuffled its board and updated exec pay – effective June 1st.
AI Summary
NIKE, Inc. filed an 8-K on June 5, 2024, reporting changes related to its board of directors and executive compensation. Specifically, the filing details the departure of a director and the election of new directors, alongside updates to the compensatory arrangements for certain officers. These changes are effective as of June 1, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and executive compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- NIKE, Inc. (company) — Registrant
- June 1, 2024 (date) — Effective date of changes
- June 5, 2024 (date) — Filing date
FAQ
Who is the departing director from NIKE, Inc.'s board?
The filing does not specify the name of the departing director.
When were the new directors elected?
The filing indicates the election of new directors as part of the reporting period ending June 1, 2024.
What specific changes were made to executive compensation arrangements?
The filing states there are updates to compensatory arrangements of certain officers but does not detail the specific changes.
What is NIKE, Inc.'s state of incorporation?
NIKE, Inc. is incorporated in Oregon.
What is the fiscal year end for NIKE, Inc.?
NIKE, Inc.'s fiscal year ends on May 31.
Filing Stats: 511 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-05 16:15:34
Filing Documents
- nke-20240601.htm (8-K) — 24KB
- nke-20240601_g1.jpg (GRAPHIC) — 4KB
- 0000320187-24-000024.txt ( ) — 154KB
- nke-20240601.xsd (EX-101.SCH) — 2KB
- nke-20240601_lab.xml (EX-101.LAB) — 21KB
- nke-20240601_pre.xml (EX-101.PRE) — 12KB
- nke-20240601_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. NIKE, Inc. (Registrant) Date: June 5, 2024 By: /s/ Matthew Friend Matthew Friend Executive Vice President and Chief Financial Officer