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
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(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
(Address of principal executive offices and zip code)
(503 ) 671-6453
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Securities registered pursuant to Section 12(b) of the Act:
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Emerging growth company ☐
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Item 8.01. Other Events
NIKE, Inc. (the “Company”) is voluntarily filing this Current Report on Form 8-K to correct an error relating to the amount of the Company’s product purchase obligations as of May 31, 2025 as disclosed in the Company’s Annual Report on Form 10-K for the year ended May 31, 2025 (the “Annual Report”) under “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” As disclosed in the Annual Report, product purchase obligations represent Company agreements (including open purchase orders) to purchase products in the ordinary course of business. The amount was overstated in the Annual Report. As corrected, as of May 31, 2025, the Company had product purchase obligations of approximately $5 billion, all of which are payable within the next 12 months.
This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information contained herein.
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: | July 28, 2025 | By: | /s/ Matthew Friend | ||||||||
| Matthew Friend | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||