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Under Armour, Inc. (NYSE:UAA, NYSE:UA) held its annual meeting of stockholders on Wednesday, September 3, 2025. According to a press release statement based on the company’s SEC filing, shareholders voted on four proposals.
All nominated directors were re-elected to the board for another term. The elected directors are Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, Dawn N. Fitzpatrick, David W. Gibbs, Eric T. Olson, Kevin A. Plank, Eugene D. Smith, Robert J. Sweeney, and Patrick W. Whitesell. Each nominee received more votes for than withheld, with the number of votes for individual directors ranging from approximately 414 million to 460 million.
Shareholders approved the company’s executive compensation in a non-binding advisory vote. The results were 435,912,978 votes in favor, 22,420,861 against, and 3,126,463 abstentions. There were 25,036,187 broker non-votes reported.
Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as Under Armour’s independent registered public accounting firm for the fiscal year ending March 31, 2026. The vote was 476,031,202 in favor, 10,298,526 against, and 166,761 abstentions.
A stockholder proposal submitted at the meeting was not approved. The results were 11,823,025 votes in favor, 446,229,645 against, and 3,407,632 abstentions, with 25,036,187 broker non-votes.
No other matters were brought before the stockholders for action.
This summary is based on information provided in Under Armour’s recent SEC filing.
In other recent news, Under Armour announced it has satisfied and discharged its 3.25% Senior Notes due in 2026. The company deposited the necessary funds with Wilmington Trust to meet all payment obligations related to these notes. This move releases Under Armour from its remaining obligations under the notes, aside from any that explicitly survive satisfaction and discharge. Meanwhile, analyst firms have adjusted their outlook on Under Armour’s stock. Williams Trading lowered its price target to $7.00 from $10.00, maintaining a Buy rating, citing a longer timeline for brand improvements. CFRA upgraded the stock rating from Sell to Hold, highlighting fair valuation and reduced downside risk. Truist Securities also adjusted its price target to $5.00 from $7.00, maintaining a Hold rating due to tariff concerns. Stifel lowered its price target to $9.00 from $10.00, maintaining a Buy rating, following first-quarter results and weaker guidance for the second quarter. These developments reflect a mixed outlook for Under Armour among analysts.
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