secwatch.observer — SEC 8-K summary
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Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000320187-24-000053
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nike appoints veteran Elliott Hill as CEO effective Oct 14; John Donahoe retires
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- Elliott Hill, former President-Consumer & Marketplace, returns as President and CEO effective October 14, 2024.
- John Donahoe retires as CEO and board member effective Oct 13, will remain advisor through January 31, 2025.
- Hill's compensation includes $1.5M base salary, 200% target bonus, $15.5M annual LTI, and $7M in make-whole awards.
- Hill previously spent 32 years at Nike, held senior roles in Europe/North America, helped grow revenue to over $39B.
- Donahoe's departure is not related to any disagreement; he will receive continued vesting through retirement date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018724000053/0000320187-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018724000053/nke-20240919.htm
  HTML page:      https://secwatch.observer/filing/0000320187-24-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer