Under Armour (UA) Reports Resignation of SVP McCarthy

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Under Armour (UA) Declines on VP Departure; Buying Op or Opt Out?

January 25, 2013 9:12 AM EST

Yesterday Under Armour, Inc. (NYSE: UA) announced that Gene McCarthy is resigning as Senior Vice President, Footwear, effective February 22, 2013. The company's COO will assume responsibility of Footwear and continue to oversee the company's Operations division. While McCarthy's departure is not seen as material, it does raise questions.
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Sterne Agee Reit. 'Buy' on Under Armour (UA) Ahead Q4, Says VP Resignation Not a Major Setback

January 24, 2013 3:24 PM EST

Sterne Agee's Sam Poser reiterated a Buy and $64 price target on Under Armour, Inc. (NYSE: UA) ahead of Q4 results due on January 31.

Poser said UA is positioned well for multi-year growth and he doesn't believe the resignation of Gene... More