Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 14

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 14
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 are independent under the corporate governance listing standards of the New York Stock Exchange, or NYSE: Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, Dawn N. Fitzpatrick, David W. Gibbs, Eric T. Olson, Eugene D. Smith, Robert J. Sweeney and Patrick W. Whitesell. Mr. Plank is not independent because he is our President and Chief Executive Officer.

When determining the independence of the directors under NYSE standards, the Board considered certain company relationships. Mr. Whitesell is the Executive Chairman of Endeavor Group Holdings, a global sports and entertainment company. From time to time, we have ordinary course business relationships with certain of Endeavor’s subsidiaries. During our fiscal year 2025, we paid approximately $1.7 million to portfolio companies for various activations and services, including sporting events, store openings and talent identification. In addition,

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during fiscal year 2025, Endeavor and its subsidiaries received approximately $4.3 million in client commissions from clients’ Under Armour endorsement deals and royalty payments. Endeavor’s global revenue in 2024 was $7.1 billion. The Board has determined that these relationships are not material and have no impact on Mr. Whitesell’s independence.

Our charter includes additional factors for the Board to consider when determining whether a director will be “independent” under the NYSE standards. Specifically, the Board must consider whether any independent directors have any material financial or service relationship with Mr. Plank or any of his family members. The Board has considered these factors and determined that none of the independent directors have any such relationships. A copy of our charter that includes these requirements is available through our corporate website, https://about.underarmour.com/, under “Investors – Corporate Governance.”

Board Meetings and Committees

Our Board meets regularly throughout the year. During fiscal year 2025, there were six meetings of the Board and several committee meetings as noted in the table below. In fiscal year 2025 , all directors attended at least 75% of the aggregate meetings of the Board and the committees of which they were members during that period. In accordance with our Corporate Governance Guidelines, our non-management directors also meet in executive sessions without management at each regularly scheduled Board meeting.

Our Board has the following four standing committees: an Audit Committee, a Human Capital and Compensation Committee, a Corporate Governance and Sustainability Committee and a Finance and Capital Planning Committee