Company: UAA
Filing Date: 2025-11-14
Form Type: 8-K
Source: 0001336917-25-000200
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Company: Under Armour, Inc.
Filing Date: 2025-11-14
Form: 8-K
Item: Item 2.05
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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