Under Armour, Inc. 8-K

What Happened
Under Armour, Inc. filed an 8-K on January 15, 2026 announcing that Yassine Saidi, the Company’s Chief Product Officer and a named executive officer, will step down from his CPO role effective February 2, 2026. Mr. Saidi will remain engaged with the company as Special Advisor, Design and Expression under a consulting services agreement through February 2027.

Key Details

• Effective date of role change: February 2, 2026.
• Consulting term: through February 2027 with expected compensation of approximately $375,000 per quarter (about $1.5 million total over four quarters).
• Equity treatment: continued vesting of Mr. Saidi’s outstanding equity awards during the consulting period.
• Filing: the change was disclosed in an 8-K dated January 15, 2026; a related press release is attached as Exhibit 99.1.

Why It Matters
This is a material executive change: Mr. Saidi is a named executive and led product creation, so his departure from the CPO role may affect product leadership and execution. The consulting arrangement is designed to provide continuity in product design and expression while the company transitions leadership. Financially, the arrangement increases near-term cash compensation (about $375k per quarter) and keeps equity awards vesting through the consulting term, which may affect compensation expense and timing but is limited and disclosed.