Defendant Name: Under Armour, Inc.

Defendant Type: Public Company
SIC Code: 2329
CUSIP: 90431110

Initial Case Details

Legal Case Name In the Matter of Under Armour, Inc.
First Document Date 03-May-2021
Initial Filing Format Administrative Action
File Number 3-20278
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 03-May-2021
Headline Total Penalty and Disgorgement $9,000,000

Related Documents:

33-10940 03-May-2021 Administrative Proceeding
Order Instituting Cease-And-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-And-Desist Order
On May 3, 2021, the SEC instituted settled cease-and-desist proceedings against Under Armour, Inc., stating: "This matter concerns Under Armour’s failure to disclose material information about its revenue management practices that rendered statements it made misleading."
2021-78 03-May-2021 Press Release--Administrative Proceeding
SEC Charges Under Armour Inc. With Disclosure Failures
The SEC stated that: "[It] charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the action."