Nike 8-K

Summary

NIKE appointed Dan McKenzie as vice president, chief accounting officer, Finance Operations & Transformation, and principal accounting officer, effective 11/9/2026. CFO David Denton will cease serving as interim corporate controller and principal accounting officer on that date.

Key Figures

• McKenzie’s annual compensation includes a $500,000 base salary, a target bonus of 50% of eligible fiscal-year earnings, and a $525,000 annual target long-term incentive award.
• One-time equity awards include a restricted stock unit award with a $525,000 target value, vesting in four equal annual installments beginning 9/1/2027, and a $600,000 sign-on award, vesting in three equal annual installments on grant anniversaries. The awards are to be granted as soon as administratively feasible after he begins employment.
• A 12-month noncompetition covenant provides for monthly payments equal to one-twelfth of his annual base salary if NIKE terminates him without cause, or one-twenty-fourth if he resigns voluntarily. NIKE may waive the covenant and the payments for the waived months.