Under Armour 2015 Annual Report Download - page 30

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Kevin Plank, our Chairman and Chief Executive Officer controls the majority of the voting power of our
common stock.
Our Class A common stock has one vote per share and our Class B common stock has 10 votes per share.
Our Chairman and Chief Executive Officer, Kevin A. Plank, beneficially owns all outstanding shares of Class B
common stock. As a result, Mr. Plank has the majority voting control and is able to direct the election of all of
the members of our Board of Directors and other matters we submit to a vote of our stockholders. The Class B
common stock automatically converts to Class A common stock when Mr. Plank beneficially owns less than
15.0% of the total number of shares of Class A and Class B common stock outstanding and in other limited
circumstances. This concentration of voting control may have various effects including, but not limited to,
delaying or preventing a change of control or allowing us to take action that the majority of our shareholders do
not otherwise support. In addition, if our Class C common stock is issued, the Class C common stock will carry
no voting rights (except in limited circumstances), and the continued issuance of the Class C common stock in
future stock-based acquisition transactions or to fund employee equity incentive programs, could prolong the
duration of Mr. Plank’s voting control.
ITEM 1B. UNRESOLVED STAFF COMMENTS
Not applicable.
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