secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0001193125-22-237946
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour amends executive severance policy; 1.5x base salary + pro-rated bonus for termination without cause
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- Amended policy applies to named executive officers (excluding Kevin Plank) for terminations without cause.
- Severance includes lump sum of 1.5 times annual base salary, pro-rated cash incentive (if employed through first six months), and 18 months of paid medical/dental/vision.
- Changes approved by Human Capital and Compensation Committee on August 29, 2022.
- Full text of the amended policy to be filed with Under Armour's Q3 FY2023 10-Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000119312522237946/0001193125-22-237946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000119312522237946/d550082d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-237946

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