Form 8-K · Current Report · Filed 2026-06-23
NIKE Appoints David Denton as New CFO
NIKE, Inc. announced on June 23, 2026, the appointment of David Denton as Executive Vice President and Chief Financial Officer, effective August 16, 2026. Denton, previously CFO at Pfizer Inc., will receive an annual base salary of $1,450,000, a target annual bonus of 120% of base salary, and an annual target long-term incentive award of $11,500,000. Matthew Friend, the current CFO, will step down on August 16, 2026, and remain with the company until September 4, 2026, to ensure a smooth transition. NIKE also provided an update on its expected fourth quarter fiscal 2026 results, which will be reported on June 30, 2026.
- Filer
- Nike Inc. NKE · NYSE
- Filed
- Accession
- 0000320187-26-000070
- CIK
- 0000320187
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$43.19
Next session
-3.2%
Since filing
-3.4%
Latest close
$41.71
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from NKE reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, NKE insiders reported 4 Form 4 transactions — net selling of $1.7M.
About Nike Inc.
Nike Inc. is a global leader in the design, development, and marketing of athletic footwear, apparel, equipment, and accessories. As a major player in the sports and lifestyle industries, Nike's primary function is to provide high-performance athletic gear that enhances athletic pursuits across various disciplines, including running, basketball, soccer, and tennis, among others. Noteworthy for its innovative product line, Nike consistently pushes the boundaries of sports technology, offering products like the Air Max and Flyknit shoes that integrate advanced materials and design for optimal performance. Beyond physical products, Nike is heavily involved in digital transformation efforts, delivering enhanced experiences through platforms like the Nike Training Club and Nike App. Serving a diverse customer base from professional athletes to everyday fitness enthusiasts, the company maintains a significant presence worldwide. With headquarters in Beaverton, Oregon, Nike also sponsors prominent sports teams and figures, reinforcing its influence on global sports culture.
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