Nike said it voluntarily filed a Form 8-K to correct an error in the amount of product purchase obligations disclosed in the Liquidity and Capital Resources section of its Form 10-K for the year ended May 31, 2025.

8-KOther EventsFiled Jul 28, 2025Period of report Jul 28, 2025Summary published (UTC) Oct 13, 2026

Key points

AI summary

Nike said it voluntarily filed a Form 8-K to correct an error in the amount of product purchase obligations disclosed in the Liquidity and Capital Resources section of its Form 10-K for the year ended May 31, 2025.
The company said that as of May 31, 2025, its product purchase obligations were approximately $5 billion, all of which are payable within the next 12 months.
Nike said product purchase obligations represent company agreements, including open purchase orders, to purchase products in the ordinary course of business, and that the amount disclosed in the annual report was overstated.
The company said this Form 8-K will not be deemed an admission as to the materiality of any information contained herein, and the report was signed by Chief Financial Officer Matthew Friend on July 28, 2025.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Correction to Product Purchase Obligations Amount in Annual Report

Nike said it voluntarily filed a Form 8-K to correct an error in the amount of product purchase obligations disclosed in the Liquidity and Capital Resources section of its Form 10-K for the year ended May 31, 2025.

Source · Based on the filing body and exhibits

Corrected Product Purchase Obligations Approximately $5 billion

The company said that as of May 31, 2025, its product purchase obligations were approximately $5 billion, all of which are payable within the next 12 months.

Source · Based on the filing body and exhibits

Definition of Product Purchase Obligations and Prior Overstatement

Nike said product purchase obligations represent company agreements, including open purchase orders, to purchase products in the ordinary course of business, and that the amount disclosed in the annual report was overstated.

Source · Based on the filing body and exhibits

Company's Position on Whether Correction Constitutes Admission of Materiality

The company said this Form 8-K will not be deemed an admission as to the materiality of any information contained herein, and the report was signed by Chief Financial Officer Matthew Friend on July 28, 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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