Under Armour CEO Kevin Plank earned $1.53 million in 2012

Compensation rose 35 percent over previous year

  • Chairman and CEO of Under Armour Kevin Plank is No. 1175 on Forbes magazine's international billionaires list -- there are several billionaires at that level -- with a net worth of $1.2 billion.
Chairman and CEO of Under Armour Kevin Plank is No. 1175 on Forbes… (Baltimore Sun photo by Algerina…)
March 19, 2013|By Lorraine Mirabella, The Baltimore Sun

Under Armour CEO and president Kevin Plank earned $1.53 million in total compensation last year, a 35 percent jump over 2011, the Baltimore-based sports apparel company reported Tuesday.

Plank, the company's founder and chairman of the board, had a base salary of $26,000 — unchanged from 2011, according to a proxy statement filed with the U.S. Securities and Exchange Commission. But Plank earned $1.5 million in non-equity incentive plan compensation, up from $1.1 million in incentive plan earnings in 2011, the company said.

The company in February reported fourth-quarter revenue of $506 million, a 25 percent jump over the same period in 2011. Annual revenue increased 25 percent last year, to $1.835 billion.

Under Armour said it will hold its annual meeting at 10 a.m. April 30 at the Cheer Building at the company's headquarters on Beason Street in Locust Point.

lorraine.mirabella@baltsun.com

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.