secwatch.observer — SEC 8-K summary
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Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2026-06-23T20:24:58+00:00
Accession:  0000320187-26-000070
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIKE names David Denton as new CFO; Q4 results expected in line, with tariff refund benefit
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- David Denton (former Pfizer CFO) named EVP and CFO effective Aug 17, 2026.
- Matthew Friend to step down as CFO on Aug 17, remain as advisor through Sep 4, 2026.
- Denton's compensation: $1.45M base salary, 120% target bonus, $11.5M LTI, plus one-time cash awards totaling $11.25M.
- NIKE's Q4 FY2026 results expected generally in line with prior guidance, including a one-time benefit from tariff refunds.
- Board adopted new Executive Severance Plan for Compensation Grade 70+ employees, providing up to 2x pay for CEO and 1.5x for others on qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018726000070/0000320187-26-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018726000070/nke-20260616.htm
  HTML page:      https://secwatch.observer/filing/0000320187-26-000070

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