Under Armour SEC Filings

Context: Green Century Equity Fund has filed a PX14A6G exempt solicitation in support of Shareholder Proposal No. 4 in Under Armour’s (UAA) 2025 proxy. The proposal requests that the Company publish a detailed climate-transition plan explaining “if and how” it will achieve science-based greenhouse-gas (GHG) reduction targets, including pathways, milestones, metrics and annual progress updates.

Key points in the filing

• Under Armour previously announced SBTi-aligned targets in 2021 but rescinded those goals in May 2025, leaving investors without visibility into how the Company will address climate risk.
• The proponent argues that the absence of a robust climate plan creates four material risks: (1) competitive disadvantage versus peers such as Nike, Adidas, Lululemon and VF Corp.; (2) reputational harm given UA’s public statements on sustainability; (3) supply-chain disruption because climate change threatens cotton, apparel exports and shipping ports; and (4) failure to meet rising investor disclosure expectations.
• The footwear and apparel sector could raise emissions 30 % by 2030 if no action is taken, potentially consuming a quarter of the 2 °C carbon budget by 2050. Meanwhile, 656 peer companies have already set or committed to science-based targets.
• Consumer surveys cited: 80 % of shoppers will pay more for sustainably sourced goods, and Gen-Z/Millennial cohorts reward transparent brands, highlighting demand-side pressure.

Requested action: Shareholders are urged to vote “FOR” Proposal 4; the filing is not a solicitation to submit proxy cards but a voluntary disclosure under Rule 14a-6(g)(1).

Implications for investors: The document underscores that UA’s withdrawal of climate targets may expose the Company to competitive, reputational and operational risks, potentially eroding brand equity that Harvard Business Review estimates accounts for 70-80 % of market value. While no immediate financial metrics change, the narrative signals growing ESG-driven pressure that could influence future capital allocation, customer loyalty and regulatory scrutiny.

Under Armour, Inc. (UAA) has submitted its Annual Report to Shareholders (Form ARS) to the U.S. Securities and Exchange Commission.

The filing was accepted on 26 June 2025 and is available only as a downloadable PDF; no financial statements, operating highlights, or management commentary are included in the text provided. Investors must access the linked PDF to review the company’s full year results, strategy discussion, and any accompanying audited financial data.

Because the textual portion of the filing contains no substantive disclosures, there is insufficient information to evaluate fiscal performance, outlook, or material risks directly from this content.