Top 5 Shareholders of Under Armour (UA)

Armour Inc. (NYSE: UA) has been a number one performer within the efficiency attire house since its 1996 launch. The Baltimore-based firm made a splash with its traces of sportswear and equipment constituted of artificial microfibers that assist regulate physique temperature and enhance athletic efficiency. However like many retailers, Below Armour is struggling to compete with Amazon and different on-line retailers, leading to disappointing earnings for a lot of 2018. That very same yr, Ryan Kuehl, senior vp of world sports activities, and Walker Jones, senior director of sports activities advertising, have been each let go, reportedly after an inner evaluation of their staff.

Regardless of its latest hiccups, Below Armour nonetheless stays a robust participant within the athletic attire market, with a formidable $3.87 billion market capitalization, as of Aug. 23, 2022. Not surprisingly, its 5 largest particular person shareholders (listed under) are former and present Below Armour executives.

1. Kevin Plank, Founder, and Government Chairman

Founder Kevin Plank held the place of CEO and chair of the board from 1996 to 2019 and was president between 1996 and 2008 and 2010 and 2017. He presently serves as the corporate’s Government Chairman and Model Chief. Plank is on the boards of the Nationwide Soccer Basis, the School Corridor of Fame Inc. and the College of Maryland School Park Basis. His tutorial {qualifications} embody a Grasp of Enterprise Administration from the College of Maryland. 

Plank is the biggest Below Armour shareholder, with 33.8 million Class C shares owned not directly via a sequence of trusts. He has an extra 34.7 million Class A and Class B shares in inventory choices, in accordance with the corporate’s Mar. 24, 2022 submitting with the SEC. Plank’s stake within the Below Armour affords him 65% of the corporate’s voting energy.

2. Patrik Frisk, President, and Chief Working Officer

Patrik Frisk, Below Armour’s present President and chief working officer (COO), brings almost 30 years of business expertise to his position, having previously directed manufacturers like The North Face and Timberland. He most lately served as CEO of multinational footwear firm Aldo. Frisk joined Below Armour in June 2017, changing Kevin Plank as President. In line with an Mar. 24, 2022 submitting with the SEC, Frisk owns 639,714 Class C shares of Below Armour, incomes him the title of the corporate’s second-largest shareholder.

3. Michael S. Lee, Former Chief DigitalOfficer

Michael Lee previously served as Below Armour’s chief digital officer, a place he held since July 2016. Lee joined the corporate in March 2015 after Below Armour acquired MyFitnessPal–an app he founded–for $475 million. Lee and his brother Albert Lee left the corporate in January 2018, amid a broader restructuring plan. In line with Lee’s most up-to-date submitting with the SEC on Feb. 14, 2017, he stays the corporate’s third-largest shareholder, with 391,998 Class C shares.

4. Harvey L. Sanders, Impartial Director

Below Armour’s fourth-largest particular person shareholder, Harvey Sanders has been an unbiased director of Below Armour since November 2004. He beforehand served because the CEO and president of Nautica Enterprises Inc. between 1977 and 1993 and is a board member of the Boomer Esiason Basis for Cystic Fibrosis, in addition to the Starlight Starbright Basis. Sanders additionally serves on the board of the College of Maryland School Park Basis. In line with an Mar. 24, 2022 submitting with the SEC, Sanders owns 175,235 Class C shares and 174,000 Class A shares of Below Armour.

5. Kip Fulks, Strategic Advisor

Below Armour co-founder Kip Fulks has a protracted affiliation with the corporate, occupying a number of outstanding positions through the years. Previously liable for managing high quality assurance and product growth between 1997 and 2008, Fulks is now the corporate’s strategic advisor, a task he is held since Could 2017. Fulks was previously president of footwear and innovation from March 2015 to October 2015, chief working officer (COO) between 2011 and 2015, and chief product officer from 2016-2017. He’s the corporate’s fifth-largest direct shareholder, with 261,356 Class C shares as of his Feb. 15, 2018 submitting with the SEC.