Under Armour Announces Board and Executive Changes
Ticker: UA · Form: 8-K · Filed: 2024-03-13T00:00:00.000Z
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.
From the Filing
0001193125-24-066880.txt : 20240313 0001193125-24-066880.hdr.sgml : 20240313 20240313163403 ACCESSION NUMBER: 0001193125-24-066880 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240310 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240313 DATE AS OF CHANGE: 20240313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Under Armour, Inc. CENTRAL INDEX KEY: 0001336917 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521990078 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33202 FILM NUMBER: 24746440 BUSINESS ADDRESS: STREET 1: 1020 HULL STREET STREET 2: 3RD FLOOR CITY: BALTIMORE STATE: MD ZIP: 21230 BUSINESS PHONE: 410-454-6758 MAIL ADDRESS: STREET 1: 1020 HULL STREET STREET 2: 3RD FLOOR CITY: BALTIMORE STATE: MD ZIP: 21230 8-K 1 d790474d8k.htm 8-K 8-K --03-31 false 0001336917 0001336917 2024-03-10 2024-03-10 0001336917 us-gaap:CommonClassAMember 2024-03-10 2024-03-10 0001336917 us-gaap:CommonClassCMember 2024-03-10 2024-03-10     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 10, 2024     UNDER ARMOUR, INC.       Maryland   001-33202   52-1990078 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.)   1020 Hull Street , Baltimore , Maryland   21230 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: ( 410 ) 468-2512 (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act:   Class A Common Stock   UAA   New York Stock Exchange Class C Common Stock   UA   New York Stock Exchange (Title of each class)   (Trading Symbols)   (Name of each exchange on which registered)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On March 13, 2024, Under Armour, Inc. (the “Company”) issued a press release announcing that Stephanie C. Linnartz, the Company’s President a