8-K

 
 
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 ________________________________________________________________________________ 
FORM 8-K
 ________________________________________________________________________________ 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 26, 2015
________________________________________________________________________________  
UNDER ARMOUR, INC.
 ________________________________________________________________________________ 
Maryland
 
001-33202
 
52-1990078
(State or other jurisdiction of
incorporation or organization)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 
1020 Hull Street, Baltimore, Maryland
 
21230
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (410) 454-6428
(Former name or former address, if changed since last report)
 ________________________________________________ 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
 


Item 5.07. Submission of Matters to a Vote of Security Holders.

A Special Meeting of Stockholders (the “Special Meeting”) of Under Armour, Inc. (the “Company”) was held on August 26, 2015. At the Special Meeting, the stockholders voted on three proposals and cast their votes as described below. The record date for this meeting was July 13, 2015.

Proposals 1 (a-e)

The stockholders approved each of the proposed amendments to the Company’s charter. The voting results were as follows:

(a)
provide that each share of Class B Common Stock will automatically convert into one share of Class A Common Stock if Kevin Plank (the Company’s founder and Chairman of the Board and Chief Executive Officer) sells, or otherwise disposes of, more than a specified number of shares of the Company’s common stock in any calendar year;

For
Against
Abstain
468,871,924
463,895
244,952

(b)
provide that each share of Class B Common Stock will automatically convert into one share of Class A Common Stock if Mr. Plank resigns from the Company or his employment with the Company is terminated for cause;

For
Against
Abstain
468,872,807
462,117
245,847

(c)
provide for the treatment of shares of Class A Common Stock in a manner that is at least as favorable as shares of Class B Common Stock in certain merger, consolidation, statutory share exchange, conversion and negotiated tender offer transactions (the “Equal Treatment Provision”);

For
Against
Abstain
468,967,952
367,796
245,023

(d)
enhance board independence requirements for so long as the Class B Common Stock is outstanding by (1) prohibiting the Company from availing itself of the exemptions for “controlled companies” under stock exchange listing standards and (2) imposing stricter standards for determining whether directors are “independent” (the “Board Independence Provisions”); and

For
Against
Abstain
467,850,951
349,131
1,380,689

(e)
provide that the Equal Treatment Provision and the Board Independence Provisions cannot be amended unless declared advisable by the Board of Directors of the Company, including at least 75% of the independent members of the Board, and approved by the affirmative vote of at least 75% of the votes entitled to be cast thereon by holders of (1) the Class A Common Stock (other than Mr. Plank, his family entities, his family members or any executive officer of the Company), voting as a single class, and (2) the Class B Common Stock, voting as a single class.

For
Against
Abstain
468,546,623
783,245
250,903


Proposal 2

The stockholders approved the proposal to amend the Company’s Second Amended and Restated 2005 Omnibus Long-Term Incentive Plan to allow the award of shares of the Company’s Class C Common Stock under the Plan. The voting results were as follows:

For
Against
Abstain
416,054,364
52,108,654
1,417,753

Proposal 3

The stockholders approved the adoption of a new Class C Employee Stock Purchase Plan. The voting results were as follows:

For
Against
Abstain
455,046,401
13,135,178
1,399,192

    
No other matters were submitted for stockholder action.


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 
 
 
 
UNDER ARMOUR, INC.
 
 
 
 
 
Date: September 1, 2015
 
By:
 
/s/ JOHN P. STANTON
 
 
 
 
John P. Stanton
 
 
 
 
Senior Vice President, General Counsel & Secretary