Under Armour, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers the Annual Meeting of Stockholders held on May 31, 2017. The report details the voting results for four proposals submitted to shareholders. The record date for the meeting was March 17, 2017.
Key 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 corporate governance and shareholder voting outcomes.
Material Changes and Voting Results
Four proposals were voted upon at the Annual Meeting:
- Proposal 1 (Election of Directors): All ten nominees were elected to the Board of Directors. Notable vote counts included Kevin A. Plank (409,911,798 For) and William R. McDermott (388,377,694 For). Broker non-votes totaled 77,637,655 for all nominees.
- Proposal 2 (Say on Pay): Shareholders approved the executive compensation plan in a non-binding advisory vote. Results: 403,279,101 For, 8,685,817 Against, 462,272 Abstain.
- Proposal 3 (Frequency of Say on Pay): Shareholders recommended holding future say on pay votes annually. Results: 407,654,505 for 1 Year, 431,552 for 2 Years, 3,953,963 for 3 Years. The Board has adopted a policy to hold these votes every year.
- Proposal 4 (Ratification of Auditors): Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2017. Results: 486,611,164 For, 2,810,131 Against, 643,550 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that all ten director nominees were successfully elected.
- Verification of the Board's adoption of an annual "say on pay" frequency policy.
- Confirmation of PricewaterhouseCoopers LLP as the independent auditor for the 2017 fiscal year.
- Review of the specific vote counts for directors receiving the highest number of "Withhold" votes (Karen W. Katz and William R. McDermott).