NIKE (NKE) 8-KDeparture of Directors or Certain Officers

On June 17, 2020, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of NIKE, Inc. (the “Company”) approved amendments to the NIKE, Inc. Executive Performance Sharing Plan (the “PSP”) and the NIKE, Inc. Amended and Restated Long-Term Incentive Plan (the “LTIP”) to reflect (a) changes related to the elimination of the exception from the deduction limit contained in Section 162(m) of the Internal Revenue Code of 1986, as amended, previously available for performance-based compensation and (b) other ministerial changes to facilitate and clarify the administration of each of the PSP and LTIP, respectively. In addition, the Committee adopted new forms of award agreement with respect to grants of stock options and restricted stock units under the NIKE, Inc. Stock Incentive Plan. The foregoing description of the amendments to the PSP and LTIP and the new forms of award agreement does not purport to be complete and is qualified in its entirety by reference to the PSP (as amended), LTIP (as amended), Form of Non-Statutory Stock Option Agreement and Form of Restricted Stock Unit Agreement that are attached hereto as Exhibit 10.1, Exhibit 10.2, Exhibit 10.3, and Exhibit 10.4, respectively, and incorporated by reference herein. 

On June 17, 2020, the Board amended the Company’s Fifth Restated Bylaws (the “Bylaws”), effective immediately, to allow a meeting of the Company’s shareholders to be held by means of remote communication and not at any physical location, as may be determined by the Board. The foregoing description of the amendment to the Bylaws does not purport to be complete and is qualified in its entirety by reference to the Bylaws (as amended) that are attached hereto as Exhibit 3.1 and incorporated by reference herein.