Company: UAA
Filing Date: 2025-04-15
Form Type: 8-K
Source: 0001336917-25-000042
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Company: Under Armour, Inc.
Filing Date: 2025-04-15
Form: 8-K
Item: Item 5.02
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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 April 15, 2025, Under Armour, Inc. (the “ Company” or “ Under Armour”) issued a press release announcing the election of Dawn N. Fitzpatrick, age 55, Eugene D. Smith, age 69, and Robert J. Sweeney, age 57, as Directors of the Company effective April 15, 2025. The Board of Directors expects to appoint Ms. Fitzpatrick and Mr. Sweeney as members of the Audit Committee and the Finance and Capital Planning Committee and Mr. Smith as a member of the Corporate Governance and Sustainability Committee and the Human Capital and Compensation Committee effective May 1, 2025.

Pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan (“ Director Compensation Plan”), as a new Director of the Company, each of Ms. Fitzpatrick, Mr. Smith and Mr. Sweeney will receive an initial award of restricted stock units for shares of the Company’s Class C common stock valued at $100,000 on the grant date that vests in three equal annual installments. Pursuant to the Director Compensation Plan, non-employee directors receive an annual restricted stock unit award each year following the annual meeting of stockholders. Each of Ms. Fitzpatrick, Mr. Smith and Mr. Sweeney will receive a pro-rated annual award valued at $62,500 on the grant date (pro-rated from $150,000). The grant date for the initial and annual awards will be April 15, 2025. For a full description of the Company’s director compensation program, see the “ Corporate Governance and Related Matters-Compensation of Directors” section of the Company’s Proxy Statement for the 2024 Annual Meeting of Stockholders.

There are no transactions in which Ms. Fitzpatrick, Mr. Smith or Mr. Sweeney has an interest requiring disclosure under Item 404(a) of Regulation S-K. There is no arrangement or understanding between Ms. Fitzpatrick, Mr. Smith or Mr. Sweeney and any other persons pursuant to which she or he, as applicable, was elected as a director.

A copy of the Company’s press release announcing the director appointments is attached hereto as Exhibit 99.1 and is incorporated herein by reference.