Under Armour Files 8-K: Other Events & Exhibits

TL;DR

UA filed an 8-K on June 20th for 'Other Events' and exhibits - details pending.

AI Summary

Under Armour, Inc. filed an 8-K on June 21, 2024, reporting other events and financial statements/exhibits as of June 20, 2024. The filing does not contain specific details about the nature of these events or exhibits within the provided text.

Why It Matters

This 8-K filing indicates that Under Armour has reported significant events or submitted financial documents, which could contain material information for investors.

Risk Assessment

Risk Level: low — The filing itself is a standard procedural report and does not contain negative news or financial distress signals.

Key Players & Entities

• Under Armour, Inc. (company) — Filer of the 8-K
• June 20, 2024 (date) — Date of earliest event reported
• June 21, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $434 million — ill cause to be paid an amount equal to $434 million to the members of the class in the Cons
• $858.7 million — of March 31, 2024, the Company reported $858.7 million of cash and cash equivalents on its con
• $1.1 billion — balance sheets, and no drawings on its $1.1 billion revolving credit facility. In addition
• $100 million — the Company had recorded an accrual of $100 million in respect of legal proceeding continge

Filing Documents

• ua-20240620.htm (8-K) — 34KB
• 0001336917-24-000097.txt ( ) — 193KB
• ua-20240620.xsd (EX-101.SCH) — 2KB
• ua-20240620_def.xml (EX-101.DEF) — 15KB
• ua-20240620_lab.xml (EX-101.LAB) — 26KB
• ua-20240620_pre.xml (EX-101.PRE) — 16KB
• ua-20240620_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. As previously disclosed, since early 2017 Under Armour, Inc. (the "Company") has been engaged in securities class action litigation in the United States District Court for the District of Maryland (the "District Court") under the caption In re Under Armour Securities Litigation, Case No. 17-cv-00388-RDB (the "Consolidated Securities Action"). The complaint asserted claims regarding the Company's disclosures and accounting practices in connection with its sales between the third quarter of 2015 and the fourth quarter of 2016, specifically asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), against the Company and Mr. Plank and under Section 20A of the Exchange Act against Mr. Plank. On June 20, 2024, the Company and Mr. Plank entered into a Memorandum of Understanding (the "MOU") with plaintiffs containing the material terms of a settlement resolving the Consolidated Securities Action. The parties intend to prepare a formal stipulation of settlement describing the terms of the proposed settlement, which will be presented to the District Court for preliminary approval in the coming weeks. Following preliminary approval of the proposed settlement by the District Court and a notice and review period for Class members, plaintiffs will seek final approval of the proposed settlement from the District Court. The settlement is not an admission of fault or wrongdoing by the Company or Mr. Plank. The MOU provides that the Company will pay or will cause to be paid an amount equal to $434 million to the members of the class in the Consolidated Securities Action, which includes all persons and entities who purchased or otherwise acquired Class A and Class C common stock of Under Armour between September 16, 2015 and November 1, 2019 (subject to certain exclusions) (the "Class"). As of March 31, 2024, the Company reported $858.7 million of cash and cash equivalents on its consolidated

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit 101 XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document 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. UNDER ARMOUR, INC. Date: June 21, 2024 By: /s/ Mehri Shadman Mehri Shadman Executive Vice President, Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR