Under Armour Announces Board and Executive Changes
Ticker: UA · Form: 8-K · Filed: Mar 13, 2024 · CIK: 1336917
| Field | Detail |
|---|---|
| Company | Under Armour, Inc. (UA) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2.6 million, $7.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, compensation
Related Tickers: UA
TL;DR
UA board shakeup and comp changes filed. New directors in, some execs out.
AI Summary
Under Armour, Inc. announced on March 10, 2024, changes in its board of directors and executive compensation. The company filed an 8-K report detailing the departure of certain officers and directors, the election of new directors, and updates to its compensatory arrangements. This filing also includes amendments to its articles of incorporation and bylaws, along with financial statements and exhibits.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation structures can introduce uncertainty regarding the company's future direction and operational stability.
Key Numbers
- 001-33202 — SEC File Number (Identifies the company's filing with the SEC)
- 52-1990078 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Under Armour, Inc. (company) — Filer of the 8-K report
- March 10, 2024 (date) — Earliest event reported date
- Maryland (location) — State of incorporation
- Baltimore, Maryland (location) — Company's business and mailing address
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates the departure of certain officers but does not specify their exact roles in this summary.
Who are the newly elected directors?
The filing mentions the election of directors but does not name them in this summary.
What are the key changes in compensatory arrangements?
The filing notes updates to compensatory arrangements but does not detail them in this summary.
What is the significance of the amendments to the articles of incorporation or bylaws?
These amendments could relate to corporate governance, shareholder rights, or operational procedures, but specific details are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 10, 2024.
Filing Stats: 1,011 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-03-13 16:34:03
Key Financial Figures
- $2.6 million — 's severance plan for executives: (i) a $2.6 million cash payment, equal to two times Ms. Li
- $7.3 million — ing a grant date value of approximately $7.3 million); and (iv) payment of the medical premi
Filing Documents
- d790474d8k.htm (8-K) — 29KB
- d790474dex31.htm (EX-3.1) — 98KB
- d790474dex991.htm (EX-99.1) — 14KB
- g790474page24.jpg (GRAPHIC) — 4KB
- 0001193125-24-066880.txt ( ) — 335KB
- ua-20240310.xsd (EX-101.SCH) — 3KB
- ua-20240310_def.xml (EX-101.DEF) — 13KB
- ua-20240310_lab.xml (EX-101.LAB) — 22KB
- ua-20240310_pre.xml (EX-101.PRE) — 14KB
- d790474d8k_htm.xml (XML) — 6KB
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. UNDER ARMOUR, INC. Date: March 13, 2024 By: /s/ Mehri Shadman Mehri Shadman Executive Vice President, Chief Legal Officer and Corporate Secretary