Aug. 18 at 6:18 PM
$UAA Time to take it private at 7 a share.
Under Armour currently has 11 directors, and 8 of the 11 are identified by the company as having “Financial Expertise.”
The eight are:
Douglas Coltharp — CFO of Encompass Health
Mohamed El-Erian — former CEO/co-CIO of PIMCO
Carolyn Everson — finance/investment experience
Dawn Fitzpatrick — CEO/CIO of Soros Fund Management
David Gibbs — former CFO/CEO of Yum! Brands
Eric Olson — some financial/board experience
Robert Sweeney — President of Sycamore Partners
Patrick Whitesell — investment/financial transaction experience
More importantly, 4 of the 11 qualify as SEC “audit committee financial experts”: Coltharp, El-Erian, Fitzpatrick and Sweeney.
My take
That's a very finance-heavy board for an athletic-apparel company. The 2026 board has deliberately added substantial investment, capital-allocation and CFO experience. The Finance & Capital Planning Committee is chaired by Coltharp, with El-Erian, Fitzpatrick and Sweeney also serving on it