---
schema_version: "secwatch.filing_event.v1"
accession: "0001336917-24-000058"
form_type: "8-K"
ticker: "UAA"
cik: "0001336917"
company_name: "Under Armour, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T19:44:26.071615+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "low"
source: SEC EDGAR
---

# Under Armour announces restructuring charges and $500M buyback alongside FY2024 earnings release

## Summary
- Approved restructuring plan with pre-tax charges of $70M-$90M in FY2025, including $50M cash and $40M non-cash.
- New $500M share repurchase program for Class C common stock authorized; expires May 2027.
- Quarterly and full-year fiscal 2024 earnings results released; detailed figures not available in the provided filing extract.
- Restructuring includes ~$15M in employee severance and $35M in transformational initiatives.
- Board cites need to rebalance cost base to improve profitability and cash flow.

## SEC filing metadata
- accession: 0001336917-24-000058
- form_type: 8-K
- ticker: UAA
- cik: 0001336917
- company_name: Under Armour, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: low
- sec_items: 2.02, 2.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1336917/000133691724000058/0001336917-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1336917/000133691724000058/ua-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001336917-24-000058
- JSON: https://secwatch.observer/filing/0001336917-24-000058.json
- Plain text: https://secwatch.observer/filing/0001336917-24-000058.txt

## Source-grounded claims
- claim_id: f07058de572fde2e628c2e7f2a856068ad52076c
  claim: Under Armour, Inc. reported financial results for the fourth quarter and fiscal year ended March 31, 2024.
  evidence_excerpt: On May 16, 2024, Under Armour, Inc. (“Under Armour”, or the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336917/000133691724000058/0001336917-24-000058-index.htm
- claim_id: 2a656d6419e341f945b2b1134af136c267f17605
  claim: Under Armour, Inc. announced a restructuring with charges of approximately $70 million to $90 million.
  evidence_excerpt: On May 15, 2024, the Company’s Board of Directors approved a restructuring plan designed to rebalance the Company’s cost base to further improve profitability and cash flow generation. In connection with the restructuring plan, the Company expects to incur total estimated pre-tax restructuring and related charges of approximately $70 million to $90 million during fiscal year 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336917/000133691724000058/0001336917-24-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.