Under Armour names founder Kevin Plank as CEO; Stephanie Linnartz steps down

Under Armour, Inc.

Stephanie Linnartz resigns as President & CEO effective March 31, 2024; remains advisor through April 30.
Kevin Plank, founder and current Executive Chair, becomes President & CEO on April 1, 2024.
Mohamed El-Erian, Lead Director, named non-executive Chair of the Board effective April 1.
Linnartz receives separation benefits: $2.6M cash, FY2024 bonus, accelerated vesting of ~$7.3M RSU, plus COBRA and lease.
Bylaws amended to require independent non-employee Chair and update CEO reporting lines.

item 5.02 item 5.03 item 9.01

Executive movements

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Role change

Kevin A. Plank

President and Chief Executive Officer

UAA · Under Armour, Inc.

Effective: 2024-04-01
Filed: March 13, 2024, 7:59 PM ET

Effective April 1, 2024, the Board appointed Kevin A. Plank, the Company’s current Executive Chair and Brand Chief, to serve as the Company’s President and Chief Executive Officer (and principal executive officer).

Appointed

Mohamed El-Erian

Chair of the Board

UAA · Under Armour, Inc.

Effective: 2024-04-01
Filed: March 13, 2024, 7:59 PM ET

the Board has appointed Mohamed El-Erian as Chair, effective April 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin A. Plank was appointed as President and Chief Executive Officer at Under Armour, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Effective April 1, 2024, the Board appointed Kevin A. Plank, the Company’s current Executive Chair and Brand Chief, to serve as the Company’s President and Chief Executive Officer (and principal executive officer).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mohamed El-Erian was appointed as Chair of the Board at Under Armour, Inc..

Action: appointed
Role: Chair of the Board

Exact text from the filing

the Board has appointed Mohamed El-Erian as Chair, effective April 1, 2024.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Under Armour, Inc.: Amended bylaws to require an independent non-employee director as Chair and update CEO reporting lines (effective 2024-04-01).

Change: bylaw amendment
Effective: 2024-04-01

Exact text from the filing

Effective April 1, 2024, the Board has approved amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”) to reflect that an independent non-employee director will act as Chair of the Company, and to update the reporting lines applicable to the Chief Executive Officer.

View on SEC.gov

73 governance changes filed in the last 30 days. Browse all governance changes →

Under Armour, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-066880

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