Under Armour, Inc. 8-K Filing

FAQ

Key Financial Figures

• $160 million — ly, the Company expected to incur up to $160 million of pre-tax restructuring and related ch
• $95 million — Company's Board of Directors approved a $95 million increase to the restructuring plan, whi
• $255 million — result in a restructuring plan of up to $255 million of pre-tax restructuring and related ch
• $107 million — years 2025 and 2026, including: Up to $107 million in cash charges, including approximatel
• $34 million — n cash charges, including approximately $34 million in employee severance and benefits cost
• $73 million — ployee severance and benefits costs and $73 million related to various transformational ini
• $148 million — ransformational initiatives; and Up to $148 million in non-cash charges, including approxim
• $7 million — n-cash charges, including approximately $7 million in employee severance and benefits cost
• $141 million — loyee severance and benefits costs, and $141 million in contract terminations, facility, sof
• $147 million — he Company has recognized approximately $147 million of restructuring and related charges ($
• $82 million — n of restructuring and related charges ($82 million in cash and $65 million in non-cash). T
• $65 million — elated charges ($82 million in cash and $65 million in non-cash). The fiscal year 2025 rest

Filing Documents

• ua-20251113.htm (8-K) — 37KB
• exhibit991-20251113.htm (EX-99.1) — 10KB
• exhibit992-20251113.htm (EX-99.2) — 25KB
• 0001336917-25-000200.txt ( ) — 235KB
• ua-20251113.xsd (EX-101.SCH) — 2KB
• ua-20251113_def.xml (EX-101.DEF) — 15KB
• ua-20251113_lab.xml (EX-101.LAB) — 26KB
• ua-20251113_pre.xml (EX-101.PRE) — 16KB
• ua-20251113_htm.xml (XML) — 4KB

05. Costs Associated With Exit or Disposal Activities

Item 2.05. Costs Associated With Exit or Disposal Activities. On November 13, 2025, Under Armour, Inc. (the "Company," "Under Armour" or "UA") announced an update to its previously disclosed fiscal year 2025 restructuring plan aimed at strengthening and supporting its financial and operational efficiencies. Previously, the Company expected to incur up to $160 million of pre-tax restructuring and related charges in connection with its fiscal year 2025 restructuring plan. After further review, the Company's Board of Directors approved a $95 million increase to the restructuring plan, which will include the separation of the Curry Brand as discussed below, as well as additional contract terminations, asset impairments, and employee severance and benefits costs. This will result in a restructuring plan of up to $255 million of pre-tax restructuring and related charges to be incurred during fiscal years 2025 and 2026, including: Up to $107 million in cash charges, including approximately $34 million in employee severance and benefits costs and $73 million related to various transformational initiatives; and Up to $148 million in non-cash charges, including approximately $7 million in employee severance and benefits costs, and $141 million in contract terminations, facility, software, and other asset-related charges and impairments. As of September 30, 2025, the Company has recognized approximately $147 million of restructuring and related charges ($82 million in cash and $65 million in non-cash). The fiscal year 2025 restructuring plan is expected to be substantially complete by the end of fiscal year 2026.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On November 13, 2025, the Company and Stephen Curry announced plans to separate Curry Brand from Under Armour. A copy of the press release announcing the separation is attached hereto as Exhibit 99.1. In addition, on November 13, 2025, the Company issued a press release announcing an update to its fiscal year 2025 restructuring plan and an update to its fiscal year 2026 outlook concerning specific financial measures. A copy of the press release is attached hereto as Exhibit 99.2.

Forward-Looking Statements

Forward-Looking Statements Some of the statements contained in this Current Report on Form 8-K constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, such as statements regarding our share repurchase program, future financial condition or results of operations, growth prospects and strategies, potential restructuring efforts (including the scope, anticipated charges and costs, the timing of these measures, and the anticipated benefits of our restructuring initiatives), expectations related to promotional activities, freight, product cost pressures, foreign currency effects, the impact of global economic conditions including changes in trade policy and inflation on our results of operations, liquidity and use of capital resources, the development and introduction of new products, the execution of marketing strategies, benefits from significant investments, and impacts from litigation or other proceedings. In many cases, you can identify forward-looking statements by terms such as "may," "will," "could," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "outlook," "potential," or the negative of these terms or other comparable terminology. The forward-looking statements in this Current Report on Form 8-K reflect our current views about future events. They are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Although we believe the expectations reflected in the forward-looking statements are reasonable, they are inherently uncertain. We cannot guarantee future events, results, actions, activity levels, performance, or achievements. Readers are cautioned not to place undue reliance on these forward

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 99.1 Under Armour, Inc. press release dated November 13, 2025. 99. 2 Under Armour, Inc. press release dated November 13, 2025. 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: November 14, 2025 By: /s/ David E. Bergman David E. Bergman Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR