NIKE, Inc. Files 8-K on Material Agreements & Obligations

TL;DR

Nike 8-K filed: material agreements entered & terminated, new financial obligations created. Details to follow.

AI Summary

NIKE, Inc. filed an 8-K on March 10, 2025, reporting on events occurring on March 7, 2025. The filing indicates the entry into and termination of material definitive agreements, as well as the creation of direct financial obligations or off-balance sheet arrangements. Specific details regarding these agreements and obligations are not provided in this excerpt.

Why It Matters

This filing signals significant changes in Nike's contractual and financial commitments, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing indicates changes in material definitive agreements and financial obligations, which could represent significant business or financial shifts for the company.

Key Players & Entities

• NIKE, Inc. (company) — Registrant
• March 7, 2025 (date) — Date of earliest event reported
• March 10, 2025 (date) — Date of Report
• Oregon (jurisdiction) — State of incorporation
• 93-0584541 (identifier) — I.R.S. Employer Identification No.
• ONE BOWERMAN DRIVE (address) — Address of principal executive offices
• BEAVERTON, OR 97005-6453 (address) — City, State, Zip of principal executive offices
• ( 503 ) 671-6453 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0000320187-25-000008.txt : 20250310 0000320187-25-000008.hdr.sgml : 20250310 20250310161639 ACCESSION NUMBER: 0000320187-25-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250307 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250310 DATE AS OF CHANGE: 20250310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NIKE, Inc. CENTRAL INDEX KEY: 0000320187 STANDARD INDUSTRIAL CLASSIFICATION: RUBBER & PLASTICS FOOTWEAR [3021] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 930584541 STATE OF INCORPORATION: OR FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10635 FILM NUMBER: 25723912 BUSINESS ADDRESS: STREET 1: ONE BOWERMAN DR CITY: BEAVERTON STATE: OR ZIP: 97005-6453 BUSINESS PHONE: 5036713173 MAIL ADDRESS: STREET 1: ONE BOWERMAN DR CITY: BEAVERTON STATE: OR ZIP: 97005-6453 FORMER COMPANY: FORMER CONFORMED NAME: NIKE INC DATE OF NAME CHANGE: 19920703 8-K 1 nke-20250307.htm 8-K nke-20250307 0000320187 false 0000320187 2024-03-08 2024-03-08 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 March 7, 2025 Date of Report (date of earliest event reported) NIKE, Inc. (Exact name of registrant as specified in its charter) Oregon 1-10635 93-0584541 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) ONE BOWERMAN DRIVE BEAVERTON , OR 97005-6453 (Address of principal executive offices and zip code) ( 503 ) 671-6453 Registrant's telephone number, including area code NO CHANGE (Former name or former address, if changed since last report.) 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)) Securities registered pursuant to Section 12(b) of the Act: Class B Common Stock NKE New York Stock Exchange (Title of each class) (Trading Symbol) (Name of each exchange on which registered) 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. o Item 1.01 Entry into a Material Definitive Agreement 364-Day Credit Facility On March 7, 2025, NIKE, Inc. (the “Company”) entered into a 364-Day Credit Agreement with Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders (the “364‑Day Credit Agreement”). The 364‑Day Credit Agreement provides for up to $1 billion of borrowings pursuant to a 364-day unsecured revolving credit facility (the “364‑Day Credit Facility”), which is available for working capital and general corporate purposes, including supporting the issuance of commercial paper. In addition to loans in U.S. Dollars, borrowings und