Business Context and Reporting Period
This Form 8-K Current Report was filed by Under Armour, Inc. on June 12, 2009. The Company is a leading developer, marketer, and distributor of branded performance apparel, footwear, and accessories, having expanded its footwear product offerings annually since 2006.
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 a corporate governance event and does not contain financial performance data.
Material Changes
The primary material change reported is the resignation of Raphael J. Peck, Senior Vice President of Footwear and an executive officer, effective June 12, 2009, to pursue other interests. Consequently, Adam Peake, Vice President of Sales, has been appointed as the interim executive in charge of footwear effective immediately.
Guidance, Outlook, and Management Commentary
Management initiated a search for a new executive to lead footwear products in early 2009. The search is expected to be completed within the next several months. No financial guidance, risk factors, or contingencies were disclosed in this specific filing.
Key Facts for Investor Verification
- Raphael J. Peck resigned as Senior Vice President of Footwear on June 12, 2009.
- Adam Peake serves as the interim executive in charge of footwear.
- A permanent replacement for the footwear executive role is expected to be identified within several months.
- This filing contains no financial results or forward-looking financial guidance.