Under Armour, Inc. 8-K

What Happened
Under Armour, Inc. announced financial results for the fourth quarter and fiscal year ended March 31, 2026 (press release attached as Exhibit 99.1) and scheduled a conference call for 8:30 a.m. ET on May 12, 2026 to discuss results. Separately, the Board approved an increase to the company’s previously disclosed fiscal 2025 restructuring plan: the total plan is now approximately $305 million (up from up to $255 million).

Key Details

• Board approved the change on May 11, 2026; the 8-K was filed May 12, 2026 and the results press release is Exhibit 99.1.
• Restructuring total: ~ $305 million (previously up to $255 million).
  • Up to $139M in cash charges: ~ $46M for employee severance & benefits; ~ $93M for transformational initiatives.
  • Up to $166M in non-cash charges: ~ $7M for employee severance & benefits; ~ $159M for contract terminations, facility, software and other asset charges/impairments.
• As of March 31, 2026, Under Armour had recognized about $261M of restructuring and related charges (≈ $109M cash and $152M non-cash).
• The company expects the fiscal 2025 restructuring plan to be substantially complete by December 31, 2026.
• The filing includes standard forward-looking statement caution about risks and uncertainties.

Why It Matters
Under Armour’s earnings release will provide the revenue and profit metrics investors watch for quarterly performance, but the material update here is the larger restructuring charge. Increasing the restructuring to ~$305M means higher near-term charges (cash and non-cash) that have already materially impacted results through March 31 (≈$261M recognized). Cash portions (up to $139M, including $46M severance) may affect near-term cash flow and liquidity, while non-cash items (asset impairments, contract terminations) affect reported earnings. The company expects the program to be largely complete by year-end 2026, which signals when investors might expect related expenses to taper.