8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

May 24, 2023

Date of Report (date of earliest event reported)

NIKE, Inc.

(Exact name of registrant as specified in its charter)

Oregon	1-10635	93-0584541
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

ONE BOWERMAN DRIVE

BEAVERTON, OR 97005-6453

(Address of principal executive offices and zip code)

(503) 671-6453

Registrant's telephone number, including area code

NO CHANGE

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Class B Common Stock	NKE	New York Stock Exchange
(Title of each class)	(Trading Symbol)	(Name of each exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 24, 2023, NIKE, Inc. (the “Company” or “NIKE”) announced certain senior leadership changes that affect three of the Company’s named executive officers. Effective as of June 1, 2023, Heidi O’Neill, currently NIKE’s President, Consumer and Marketplace, will become NIKE’s President, Consumer, Product & Brand, Andrew Campion will become NIKE’s Managing Director, Strategic Business Ventures and cease serving as Chief Operating Officer, and Matthew Friend, currently NIKE’s EVP & Chief Financial Officer, will assume expanded job responsibilities to include procurement, global places and services, and demand and supply management.

A copy of the press release issued by the Company on May 24, 2023 announcing the senior leadership changes is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Exhibit
99.1	NIKE, Inc. Press Release dated May 24, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NIKE, Inc. (Registrant)
Date:	May 24, 2023	By:	/s/  Ann M. Miller
			Ann M. Miller
			Executive Vice President, Chief Legal Officer

EX-99.1

NIKE ANNOUNCES SENIOR LEADERSHIP CHANGES TO DEEPEN CONSUMER-LED GROWTH AND MARKETPLACE ADVANTAGE

HEIDI O’NEILL BECOMES PRESIDENT, CONSUMER, PRODUCT & BRAND

CRAIG WILLIAMS BECOMES PRESIDENT, GEOGRAPHIES & MARKETPLACE

05/24/2023

BEAVERTON, Ore.--(BUSINESS WIRE) -- NIKE, Inc. (NYSE:NKE) announced senior leadership changes today that will continue to build on its strong momentum and underscore Nike’s commitment to product innovation, serving athletes and unrivaled brand storytelling while driving deeper integration across the business.

Heidi O’Neill, currently President, Consumer & Marketplace, will become President, Consumer, Product & Brand, NIKE, Inc., and Craig Williams, currently President, Jordan Brand, will become President, Geographies & Marketplace, NIKE, Inc. Matthew Friend, EVP & Chief Financial Officer, NIKE, Inc., will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.

“We’re driving even greater focus and integration across our business and teams through these changes, doubling down on what Nike does best: seamlessly serving athletes with compelling product,” said John Donahoe, President & CEO, NIKE, Inc. “Our brand momentum is strong, our innovation pipeline is unmatched, and our strategy is working. What continues to be clear is that there’s so much more potential ahead of us.”

“These shifts will allow us to streamline our focus across product, brand storytelling and marketplace, mining deep consumer insights to deliver breakthrough innovation and engagement, while building long-term growth and profitability,” said Donahoe.

Aligning against its next chapter of growth, O’Neill will lead Nike’s global product engine and fully integrate its brand marketing storytelling to build deep relationships and engagement with the brand. Both Global Brand Marketing and Global Sports Marketing will also report to O’Neill. A 24-year Nike veteran, O’Neill most recently served as Nike’s President, Consumer & Marketplace, leading Nike’s marketplace and four geographic operating regions. Previous roles included President, Nike Direct, accelerating Nike’s retail and digital-commerce business. O’Neill was also responsible for creating and leading Nike Women’s business.

Williams will lead Nike’s four geographies and marketplace across its Direct and wholesale business. In addition, Williams will lead Nike’s Supply Chain and Logistics. Williams joined NIKE, Inc. in 2019 as President, Jordan Brand. During this period, Williams has led Jordan Brand through unprecedented growth -- doubling revenue in the last four years, becoming the second-largest footwear brand in the United States. In addition to stewarding Jordan Brand at the intersection of sport, culture and community, Williams has decades of enterprise experience building global brands and creating deep consumer relationships.

O’Neill and Williams will be supported by a deep bench of leadership across Nike and, together, will lead the business through its next phase of innovation and growth, serving future generations of athletes. Sarah Mensah, Vice President/GM, North America, will become President, Jordan Brand. Scott Uzzell, currently CEO, Converse will become Vice President/GM, North America, reporting to Williams. Uzzell’s successor will be named shortly. Jordan Brand and Converse will report to John Donahoe.

Andy Campion, Chief Operating Officer, will take on a new leadership role as Managing Director, Strategic Business Ventures. In his new role, Campion will work closely with Donahoe to identify and pursue new business opportunities to drive disproportionate growth for the company. As part of his new role, Campion will oversee Nike Virtual Studios (NVS) and lead teams across Nike’s World Headquarters and Los Angeles-based offices.

Michael Spillane, President, Consumer Creation will retire from NIKE, Inc. later in 2023 after 16 years with the company. We thank Michael for his extensive contributions to the brand.

About NIKE, Inc.

NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @NIKE.

Contacts

Media Contact:

Virginia Rustique-Petteni

media.relations@nike.com

Investor Contact:

Paul Trussell

investor.relations@nike.com

XML

Cover Page Cover Page	May 24, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	May 24, 2023
Entity Registrant Name	NIKE, Inc.
Entity Incorporation, State or Country Code	OR
Entity File Number	1-10635
Entity Tax Identification Number	93-0584541
Entity Address, Address Line One	ONE BOWERMAN DRIVE
Entity Address, City or Town	BEAVERTON
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97005-6453
City Area Code	503
Local Phone Number	671-6453
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class B Common Stock
Trading Symbol	NKE
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000320187
Amendment Flag	false