Company: UAA
Filing Date: 2025-11-06
Form Type: 8-K
Source: 0001336917-25-000193
Chunk: 1

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 8-K
Item: Item 5.02
Chunk 1
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 6, 2025, Under Armour announced that Reza Taleghani will be joining the Company as Executive Vice President, Chief Financial Officer and principal financial officer in February 2026. The Company further announced that David Bergman, the Company’s current Chief Financial Officer and principal financial officer, is expected to step down from his role upon Mr. Taleghani joining the Company, but will remain as a senior advisor into the first quarter of the Company’s fiscal year 2027 to support a smooth transition.

Mr. Taleghani, age 53, joins Under Armour from Samsonite Group S. A., where he served as Executive Vice President, Chief Financial Officer and Treasurer since November 2018. Prior to joining Samsonite Group S. A., Mr. Taleghani served as President and Chief Financial Officer of Brightstar Corp., a provider of device lifecycle management solutions, where he was responsible for global financial operations as well as managing the financial services and device protection lines of business from 2015 to 2018. Prior to joining Brightstar Corp., Mr. Taleghani worked at J. P. Morgan, where he held various leadership roles in investment banking, commercial banking and asset management from 2009 to 2015. Mr. Taleghani also served as President and Chief Executive Officer of Sterling Airlines A/S in 2008.

Mr. Taleghani will receive an annual base salary of $825,000, as well as a signing bonus of $250,000 payable within thirty days of him joining the Company. Mr. Taleghani will be eligible to participate in the Company’s fiscal year 2026 annual cash incentive plan for executive officers, with a target award level equal to 75% of his annual base salary. In consideration of his forfeited cash incentive opportunity in connection with his departure from his prior employer, Mr. Taleghani’s fiscal year 2026 annual cash incentive award will be guaranteed to pay out at 100% of his full-year target award. Upon joining the Company, Mr. Taleghani is expected to receive (i) a fiscal year 2026 annual equity award in the form of time-based non-qualified stock options for the Company’s Class C common stock with a grant date value of $2,500,000, (ii) a one-time special equity award