01—Abstract
Summary
Summary of the 8-K filed June 18, 2025. Cited figures are marked; the original filing is the authoritative source.
NIKE, Inc. (NKE) announced via an 8-K filing that Cathleen Benko will be retiring from its Board of Directors.
Ms. Benko's retirement will be effective at the upcoming 2025 annual meeting of shareholders, where she will not stand for re-election. This departure is a voluntary decision to retire and is not attributed to any disagreements with the Company or the Board regarding its operations, policies, or practices. Investors can view this as a standard board refreshment event, with the company acknowledging Ms. Benko's seven years of service.
02—Key points
Key Highlights
- Cathleen Benko, a Nike Board of Directors member, is retiring.
- Ms. Benko will not seek re-election at the 2025 annual meeting.
- Her retirement is effective at the 2025 annual meeting of shareholders.
- The departure is a voluntary retirement and not due to any disagreements.
- The company expressed gratitude for Ms. Benko's seven years of service.
03—Questions
Frequently Asked Questions
Who is Cathleen Benko and what is her role at Nike?
Cathleen Benko is a member of the Board of Directors of NIKE, Inc. She has served on the board for the past seven years.
Why is Cathleen Benko retiring from the Board?
Ms. Benko has decided to retire from the Board of Directors. This is a voluntary decision and not a result of any disagreements with the Company or the Board concerning its operations, policies, or practices.
When will Cathleen Benko's retirement be effective?
Her retirement will be effective as of NIKE, Inc.'s 2025 annual meeting of shareholders, at which time she will not be standing for re-election.
Does this retirement signal any significant issues or changes for Nike's governance?
Based on the filing, Ms. Benko's retirement is a standard board transition, described as a voluntary decision not stemming from any disputes. This suggests it's part of normal board refreshment rather than an indicator of underlying governance problems.
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