secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001193125-22-154083
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour CEO Patrik Frisk steps down; COO Colin Browne named interim CEO
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- Frisk to step down as CEO and board member effective June 1, 2022; will advise through Sept 1, then consult through Sept 2023.
- Colin Browne, current COO, appointed interim President and CEO effective June 1, 2022; board starts search for permanent successor.
- Frisk receives $6.89M lump sum plus $238K for relocation/benefits; all unvested equity forfeited.
- Browne's base salary raised to $1M (from $775K), target bonus to 165% of base (from 75%); additional $3M in RSUs granted.
- Frisk's separation agreement includes $1.3M consulting fees payable quarterly through Sept 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000119312522154083/0001193125-22-154083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000119312522154083/d323864d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-154083

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