Under Armour reaches settlement in derivative lawsuits; $8.9M payment from insurance, governance changes

Under Armour, Inc.

$8.9 million payment to Under Armour from insurance proceeds; corporate governance measures to be implemented for three years.
Final approval hearing for settlement scheduled for August 14, 2025 in Baltimore City Circuit Court.
Settlement resolves state and federal derivative actions; plaintiffs dismiss claims and release defendants with no admission of wrongdoing.
Governance measures include adoption of a Disclosure Committee Charter and other enhancements (see Exhibits A and A-1).

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