NIKE, Inc. (NYSE:NKE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

NIKE, Inc. (the “Company”) today announced that Trevor Edwards has decided to resign from his position as President, NIKE Brand, effective immediately. He will retire from the Company on August 10, 2018. Upon the end of his employment with the Company, Mr. Edwards will be subject to the terms and conditions applicable to resignations as set forth in his Covenant Not to Compete and Non-Disclosure Agreement, which is described in the Company’s most recently filed proxy statement, and execution of a standard release of claims in respect of equity awards scheduled to vest and cash awards earned prior to his departure. A copy of the press release the Company issued regarding its leadership is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following exhibit is furnished with this Form 8-K:

NIKE INC Exhibit
EX-99.1 2 pressrelease.htm EXHIBIT 99.1 Exhibit                                         Investor Contact: Media Contact:Nitesh Sharan Ilana Finley(503) 532-2828 (212) 367-4447     Greg Rossiter  (503) 671-2682Nike,…
To view the full exhibit click here

About NIKE, Inc. (NYSE:NKE)

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. As of May 31, 2016, the Company focused its NIKE brand product offerings in nine categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (its sports-inspired lifestyle products) and Golf. Men’s Training includes its baseball and American football product offerings. It also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company sells a range of performance equipment and accessories under the NIKE Brand name.