NIKE, Inc. Files 8-K: Director Changes & Compensation Updates
Ticker: NKE · Form: 8-K · Filed: Sep 19, 2024 · CIK: 320187
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing
Related Tickers: NKE
TL;DR
NIKE 8-K: Director shuffle and pay plan changes filed 9/19.
AI Summary
NIKE, Inc. filed an 8-K on September 19, 2024, reporting on the departure of a director, the election of new directors, and updates to executive compensation arrangements. The filing also includes information on Regulation FD disclosures and financial statements/exhibits.
Why It Matters
This filing signals potential shifts in corporate governance and executive compensation strategies at NIKE, which could influence investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing is routine and reports on standard corporate governance and compensation matters without indicating immediate financial distress or significant operational changes.
Key Players & Entities
- NIKE, Inc. (company) — Registrant
- September 19, 2024 (date) — Date of Report
- Oregon (location) — State of Incorporation
- ONE BOWERMAN DRIVE (address) — Principal Executive Offices
- BEAVERTON, OR 97005-6453 (address) — Principal Executive Offices
- 503-671-6453 (phone_number) — Registrant's telephone number
FAQ
What specific items are covered in this Form 8-K filing by NIKE, Inc.?
This Form 8-K covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.
On what date was this Form 8-K filed by NIKE, Inc.?
The Form 8-K was filed on September 19, 2024.
What is NIKE, Inc.'s state of incorporation and IRS Employer Identification No.?
NIKE, Inc. is incorporated in Oregon and its IRS Employer Identification No. is 93-0584541.
Where are NIKE, Inc.'s principal executive offices located?
NIKE, Inc.'s principal executive offices are located at ONE BOWERMAN DRIVE, BEAVERTON, OR 97005-6453.
What is the Commission File Number for NIKE, Inc.?
The Commission File Number for NIKE, Inc. is 001-10635.
Filing Stats: 1,877 words · 8 min read · ~6 pages · Grade level 11 · Accepted 2024-09-19 16:16:42
Key Financial Figures
- $1,500,000 — will comprise an annual base salary of $1,500,000; a target annual bonus of 200% of base
- $15,500,000 — ual target long-term incentive award of $15,500,000. Mr. Hill's annual long-term incentiv
- $3,000,000 — RSU award with a target grant value of $3,000,000 (the "New Hire RSU Award"). The New Hir
- $4,000,000 — date. A one-time cash payment equal to $4,000,000 (the "New Hire Cash Award") payable in
Filing Documents
- nke-20240919.htm (8-K) — 41KB
- exhibit991-pressreleasesep.htm (EX-99.1) — 8KB
- nke-20240919_g1.jpg (GRAPHIC) — 4KB
- 0000320187-24-000053.txt ( ) — 186KB
- nke-20240919.xsd (EX-101.SCH) — 2KB
- nke-20240919_lab.xml (EX-101.LAB) — 21KB
- nke-20240919_pre.xml (EX-101.PRE) — 12KB
- nke-20240919_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure The Company issued a press release on September 19, 2024 announcing the transition described in Item 5.02 above, which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. A copy of the press release is being furnished pursuant to Item 7.01 of Form 8-K and the information included therein shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Exhibit 99.1 Press Release of NIKE, Inc., dated September 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: September 19, 2024 By: /s/ Matthew Friend Matthew Friend Executive Vice President and Chief Financial Officer