Business Context and Reporting Period
This Form 8-K Current Report was filed by Under Armour, Inc. on March 5, 2021, covering events occurring on March 3, 2021. The filing addresses corporate governance changes regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the departure of George Bodenheimer from the Board of Directors. Mr. Bodenheimer informed the Board on March 3, 2021, that he will not stand for re-election at the upcoming Annual Meeting of Stockholders expected on May 13, 2021. He will complete his current term, which expires at that meeting. Mr. Bodenheimer currently serves on the Human Capital and Compensation Committee and the Corporate Governance and Sustainability Committee.
Guidance, Outlook, and Management Commentary
Management commentary was provided by Mr. Bodenheimer and Kevin Plank, Executive Chairman and Brand Chief. Mr. Bodenheimer expressed pride in the company's accomplishments over his seven-year tenure and confidence in the company's strategy to realize its long-term potential. Mr. Plank thanked Mr. Bodenheimer for his leadership, noting his experience leading a global media brand and his insights into the world of sport were invaluable assets to the Board. No financial guidance, risks, or contingencies were disclosed in this filing.
Key Facts for Investor Verification
- George Bodenheimer will not seek re-election as a Director at the May 13, 2021 Annual Meeting.
- Mr. Bodenheimer's departure affects the Human Capital and Compensation Committee and the Corporate Governance and Sustainability Committee.
- The filing contains no financial results or forward-looking financial guidance.
- Under Armour's Class A (UAA) and Class C (UA) common stocks are registered on the New York Stock Exchange.