---
schema_version: "secwatch.filing_event.v1"
accession: "0001336917-24-000097"
form_type: "8-K"
ticker: "UAA"
cik: "0001336917"
company_name: "Under Armour, Inc."
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:45:06.316000+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Under Armour agrees to pay $434M to settle securities class action

## Summary
- Company and Kevin Plank settle In re Under Armour Securities Litigation for $434M; no admission of fault.
- Settlement includes separate Chair and CEO roles for at least 3 years and performance-based vesting for top execs.
- Total accrual to reach $434M in Q1 FY2025 from prior $100M; expects to pay from cash or borrowing.
- Cash $858.7M as of Mar 31, 2024; $1.1B revolver undrawn; less than 20% expected from D&O insurance.
- Class period Sept 16, 2015 – Nov 1, 2019 covers purchasers of UAA and UA common stock.

## SEC filing metadata
- accession: 0001336917-24-000097
- form_type: 8-K
- ticker: UAA
- cik: 0001336917
- company_name: Under Armour, Inc.
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1336917/000133691724000097/0001336917-24-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1336917/000133691724000097/ua-20240620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001336917-24-000097
- JSON: https://secwatch.observer/filing/0001336917-24-000097.json
- Plain text: https://secwatch.observer/filing/0001336917-24-000097.txt

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