Nike Inc.
03/05/2026 | Press release | Distributed by Public on 03/05/2026 15:32
Reorganization (Form 8-K)
Item 2.05 Costs Associated with Exit or Disposal Activities
NIKE, Inc.'s (the "Company") management has been evaluating opportunities to operate more efficiently and profitably through realigning costs, while also investing to reignite growth. On February 27, the Company's management approved a plan to implement certain organizational changes, which together with previously approved actions, are expected to result in pre-tax charges of approximately $300 million for the nine months ended February 28, 2026, primarily associated with employee severance costs, and substantially all recognized in the third quarter of fiscal year 2026. The Company continues to evaluate opportunities and may take additional actions which could lead to additional charges in future quarters. The expected pre-tax charges are estimates and are subject to a number of assumptions, including local law requirements in various jurisdictions. Actual charges may differ, possibly materially, from the estimates provided above.
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