NKE 8-K: Smart Summary

John W. Rogers, Jr. notified NIKE, Inc. of his decision to retire from the Board of Directors, effective as of the Company's 2026 annual meeting of shareholders. The Board size is expected to decrease to eleven directors following his departure.

• John W. Rogers, Jr. — The Company currently expects to enter into a consulting arrangement with Mr. Rogers pursuant to which he will continue to provide advice to the Company on the future of sport and community engagement following the effective date of his retirement; no specific financial terms disclosed

• Director John W. Rogers, Jr. — Retiring from the Board of Directors effective as of the 2026 Annual Meeting of Shareholders; notified the Company on June 15, 2026; will not stand for re-election; departure is not due to any disagreement with the Company or the Board on any matter relating to the Company's operations, policies, or practices; director is in good standing

• John Rogers, Jr., founder of Ariel Investments, has decided to retire from the NIKE, Inc. (NYSE: NKE) Board of Directors and will not stand for re-election at the September 2026 Annual Meeting of Shareholders.
• Rogers has served as a director of NIKE since 2018, representing approximately eight years of Board service.
• Rogers' retirement will be effective following the September 2026 Annual Meeting of Shareholders.
• Following his retirement from the Board, Rogers will serve as a strategic advisor to Nike, focused on topics including the future of sport and social community impact.
• Mark Parker, Executive Chairman of NIKE, Inc., is quoted thanking Rogers for his eight years of service and expressing that Nike will benefit from his continued expertise.
• John Rogers, Jr. is quoted stating he is proud of accomplishments over the last eight years and looks forward to supporting Nike's impact on sport, athletes, and communities.
• NIKE, Inc. is headquartered in Beaverton, Oregon and is described as the world's leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories.
• The press release was furnished as Exhibit 99.1 pursuant to Item 7.01 of Form 8-K and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act.
• Investor contact listed as Paul Trussell (investor.relations@nike.com); Media contact listed as Sandra Carreon-John (media.relations@nike.com).