Under Armour Announces Board & Executive Compensation Changes

Ticker: UA · Form: 8-K · Filed: 2024-04-16T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

Related Tickers: UA

TL;DR

UA board shakeup and pay adjustments announced April 11th.

AI Summary

Under Armour, Inc. announced on April 11, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and appointed new officers, alongside adjustments to their compensatory arrangements. The filing also includes financial statements and exhibits related to these corporate governance and compensation matters.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.

Risk Assessment

Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty regarding future strategy and operational direction.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors and departure of certain officers, but does not specify the names of the individuals involved in these changes.

What are the details of the new compensatory arrangements for officers?

The filing states that compensatory arrangements of certain officers are being adjusted, but the specific details of these arrangements are not provided in this summary.

What is the significance of the 'Financial Statements and Exhibits' item?

This item indicates that financial statements and related exhibits are being filed, likely to support or provide context for the corporate governance and compensation changes reported.

When was this Form 8-K filed with the SEC?

This Form 8-K was filed as of April 16, 2024.

What is Under Armour's Standard Industrial Classification (SIC) code?

Under Armour, Inc.'s SIC code is 2300, categorized under APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL.

From the Filing

0001336917-24-000055.txt : 20240416 0001336917-24-000055.hdr.sgml : 20240416 20240416090017 ACCESSION NUMBER: 0001336917-24-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240411 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240416 DATE AS OF CHANGE: 20240416 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: 24846216 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 ua-20240411.htm 8-K ua-20240411 FALSE 0001336917 0001336917 2024-04-11 2024-04-11 0001336917 us-gaap:CommonClassAMember 2024-04-11 2024-04-11 0001336917 us-gaap:CommonClassCMember 2024-04-11 2024-04-11 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): April 11, 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 Ap

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