Under Armour Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$UAA
Apparel
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
______________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 4, 2024
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Registrant’s telephone number, including area code: (410 ) 468-2512
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Securities registered pursuant to Section 12(b) of the Act:
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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:
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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).
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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. | ☐ | ||||
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 5, 2024, the Board of Directors of Under Armour, Inc. (the “Company”) appointed Eric J. Aumen as principal accounting officer of the Company effective October 1, 2024. Mr. Aumen, age 48, joined the Company in January 2024 as Chief Accounting Officer, reporting directly to David Bergman, the Company's Chief Financial Officer (who currently serves as principal financial and principal accounting officer). Mr. Bergman will continue to serve as principal financial officer following Mr. Aumen's appointment. Prior to joining the Company, Mr. Aumen served as the Senior Vice President, Chief Accounting Officer of Utz Brands, Inc. (“Utz”) from January 2022 to January 2024, and the Vice President, Chief Accounting Officer of Utz from May 2020 through January 2022. Before that, he served as Vice President and Controller of Element Fleet Management Corporation from May 2016 through May 2020. Mr. Aumen is a Certified Public Accountant who began his career in the audit and assurance practice at Deloitte & Touche LLP.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Stockholders (the “Annual Meeting”) of the Company was held on September 4, 2024. At the Annual Meeting, the stockholders voted on four proposals and cast their votes as described below. The record date for this meeting was June 7, 2024.
Proposal 1
The individuals listed below were elected at the Annual Meeting to serve on the Company’s Board of Directors until the next Annual Meeting of Stockholders and until their respective successors are elected and qualified. The voting results were as follows:
| Nominees | For | Withhold Authority To Vote | Broker Non-Votes | ||||||||
| Douglas E. Coltharp | 450,015,220 | 3,175,589 | 27,139,277 | ||||||||
| Jerri L. DeVard | 414,786,972 | 38,403,837 | 27,139,277 | ||||||||
| Mohamed A. El-Erian | 450,864,133 | 2,326,676 | 27,139,277 | ||||||||
| Carolyn N. Everson | 414,872,432 | 38,318,377 | 27,139,277 | ||||||||
| David W. Gibbs | 451,387,660 | 1,803,149 | 27,139,277 | ||||||||
| Karen W. Katz | 414,803,583 | 38,387,226 | 27,139,277 | ||||||||
| Eric T. Olson | 399,275,073 | 53,915,736 | 27,139,277 | ||||||||
| Kevin A. Plank | 413,016,417 | 40,174,392 | 27,139,277 | ||||||||
| Patrick W. Whitesell | 451,571,763 | 1,619,046 | 27,139,277 | ||||||||
Proposal 2
The stockholders approved the Company’s executive compensation, in a non-binding advisory vote. The voting results were as follows:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 450,337,928 | 2,648,094 | 204,787 | 27,139,277 | ||||||||
Proposal 3
On May 23, 2024, the Board of Directors of the Company adopted an amendment and restatement of the Company’s Class C Employee Stock Purchase Plan (as amended and restated, the “ESPP”), subject to stockholder approval at the Annual Meeting, to increase the number of shares of the Company’s Class C Common Stock authorized for purchase under the ESPP by 2,000,000, change the offering period from monthly to quarterly so that purchases of shares are made on a quarterly basis, and make certain other administrative and clarifying changes. At the Annual Meeting, the stockholders approved the ESPP. The voting results were as follows:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 450,009,307 | 3,069,278 | 112,224 | 27,139,277 | ||||||||
A description of the ESPP is included in Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on June 27, 2024 (the “Proxy Statement”). The descriptions of the ESPP contained herein and in the Proxy Statement are qualified in their entirety by reference to the ESPP, a copy of which is attached as Appendix A to the Proxy Statement.
Proposal 4
The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2025. The voting results were as follows:
| For | Against | Abstain | ||||||
| 471,996,378 | 8,166,719 | 166,989 | ||||||
No other matters were submitted for stockholder action.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Exhibit | ||||||||||
| 101 | XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNDER ARMOUR, INC. | ||||||||||||||
| Date: September 6, 2024 | By: | /s/ MEHRI SHADMAN | ||||||||||||
| Mehri Shadman | ||||||||||||||
| Executive Vice President, Chief Legal Officer and Corporate Secretary | ||||||||||||||