secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001336917-22-000008
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour authorizes $500M Class C common stock buyback over two years
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- Board authorized up to $500M in Class C common stock repurchases on Feb 23, 2022.
- Program expires Feb 23, 2024; may use open market, private, or accelerated repurchases.
- CEO Patrik Frisk says buyback allows cash deployment while preserving investment flexibility.
- Company has no obligation to repurchase any shares; program may be suspended at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000133691722000008/0001336917-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000133691722000008/ua-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001336917-22-000008

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