City Garage, an innovation space in Port Covington, will soon undergo major upheaval as it adopts a new ownership structure and anchor tenant Under Armour prepares to leave. The space, which has been owned since 2015 by Under Armour founder ...

Tagged with: City Garage life sciences South Duvall Under Armour

Under Armour Executive Chairman Kevin Plank has sold about 824,000 shares of his Baltimore-based company’s Class C shares as part of a pre-arranged stock trading plan that will ultimately see the company founder and brand chief sell up to 5 ...

Tagged with: Kevin Plank Under Armour

Baltimore-based Under Armour announced it has entered into exchange agreements with certain holders of its 1.50% Convertible Senior Notes due 2024.

Tagged with: Under Armour

Under Armour is raising the minimum pay rate for hourly employees in the United States and Canada by 50%, a move that will affect 8,000 part-time and full-time retail and distribution workers, the company said Wednesday. Hourly rates will increase from ...

Tagged with: minimum wage Under Armour

The Securities and Exchange Commission today 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. Without admitting or denying the findings ...

Tagged with: Under Armour

Following the revelation over the weekend that the federal government is investigating its accounting practices, Under Armour reported Monday that third-quarter revenues dropped 1% and said that it expects revenues for the year to fall short of expectations. The Baltimore-based ...

Tagged with: Kevin Plank Patrick Fisk SEC u.s. department of justice Under Armour

Nicholas Hawkins, former in-house counsel at Under Armour, is joining Womble Bond Dickinson’s Baltimore office, the firm told The Daily Record Wednesday. Hawkins handled trademark matters for athletes and celebrities at Under Armour and will now provide transactional, IP and ...

Tagged with: Under Armour Womble Bond Dickinson

Under Armour Inc. Thursday reported first-quarter net income of $22.5 million, continuing the turnaround from the same quarter a year ago, when the Baltimore-based sports apparel and shoe company lost money. On a per-share basis, the Baltimore-based company said it had ...

Tagged with: Under Armour

ALBANY, N.Y. — The office of New York state Comptroller Thomas Dinapoli says it has reached agreements with Dollar General and Under Armour under which the companies will release plans for what they’re doing to address climate change. The reports ...

Tagged with: Thomas DiNapoli Under Armour

Under Armour has settled a federal lawsuit with a former employee who sued for back pay last year, according to online court records filed Thursday. The Baltimore sports apparel company settled the claims for $15,000, of which the former employee ...

Tagged with: Under Armour Verdicts and Settlements