Under Armour (NYSE: UA) CPO exits, stays on as advisor through 2027

Rhea-AI Filing Summary

Under Armour, Inc. reported that Chief Product Officer and named executive officer Yassine Saidi will step down from his role on February 2, 2026 to pursue other opportunities. He will remain involved with the company’s product creation organization through February 2027 as Special Advisor, Design and Expression under a consulting services agreement.

Under this agreement, Mr. Saidi is expected to receive approximately $375,000 per quarter, continued vesting of his outstanding equity awards during the consulting term, and certain tax support services. The company also issued a press release detailing his departure and other executive changes, which is included as an exhibit to this report.

Insights

Equity research analyst

Under Armour’s product chief exits but stays on as a well-paid advisor.

Under Armour disclosed that its Chief Product Officer, Yassine Saidi, will leave the officer role on February 2, 2026 yet continue supporting the product creation organization as Special Advisor through February 2027. This maintains continuity around design and product strategy despite the leadership transition.

The consulting arrangement provides Mr. Saidi with about $375,000 per quarter, ongoing vesting of outstanding equity awards for the duration of the advisory term, and certain tax support services. These terms underscore the company’s interest in retaining his expertise while it navigates executive changes referenced in the accompanying press release.

The overall impact will depend on how effectively Under Armour manages succession in its product leadership and how the advisory role is leveraged over the coming year, with more detail potentially available in future company communications.

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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): January 14, 2026

________________________________________________________________________________  

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.)

101 Performance Drive, Baltimore, Maryland

21230

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (410) 468-2512

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Class A Common Stock			UAA			New York Stock Exchange
Class C Common Stock			UA			New York Stock Exchange
(Title of each class)			(Trading Symbols)			(Name of each exchange on which registered)

 ________________________________________________ 

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 15, 2026, Under Armour, Inc. (“Under Armour”, or the “Company”) announced that Yassine Saidi, Chief Product Officer and a named executive officer of the Company, will be stepping down on February 2, 2026 to pursue other opportunities. Mr. Saidi will continue to support the Company’s product creation organization through February 2027 as Special Advisor, Design and Expression under a consulting services agreement, pursuant to which he is expected to receive approximately $375,000 per quarter, continued vesting of his outstanding equity awards through the term of the consulting arrangement and certain tax support services. A copy of the Company’s press release announcing Mr. Saidi’s departure and certain other executive changes is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
99.1			Under Armour, Inc. press release dated January 15, 2026.
101			XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: January 15, 2026

By:

/s/ Mehri Shadman

Mehri Shadman

Executive Vice President, Chief Legal Officer & Corporate Secretary

FAQ

What executive change did Under Armour (UA) report in this Form 8-K?

Under Armour reported that Chief Product Officer and named executive officer Yassine Saidi will step down from his role on February 2, 2026 to pursue other opportunities.

Will Yassine Saidi continue working with Under Armour (UA) after stepping down?

Yes. Mr. Saidi will support the product creation organization through February 2027 as Special Advisor, Design and Expression under a consulting services agreement.

How much will Yassine Saidi be paid under his consulting agreement with Under Armour (UA)?

Mr. Saidi is expected to receive approximately $375,000 per quarter under the consulting services agreement with Under Armour.

What happens to Yassine Saidi’s equity awards at Under Armour (UA)?

Under the consulting arrangement, Mr. Saidi will receive continued vesting of his outstanding equity awards through the term of the advisory agreement.

Did Under Armour (UA) release more details on other executive changes?

Yes. A company press release dated January 15, 2026 describing Mr. Saidi’s departure and certain other executive changes is attached as Exhibit 99.1.

What exhibits are included with this Under Armour (UA) Form 8-K?

The filing includes Exhibit 99.1, a press release dated January 15, 2026, and XBRL-related exhibits 101 and 104 for the cover page interactive data file.