Management’s Report on Internal Control Over Financial Reporting
The Independent Registered Public Accounting Firm’s Report on Internal Control Over Financial Reporting
The Independent Registered Public Accounting Firm’s Report on the Financial Statements

Explain the purpose and content of each of these reports.
Assuming the report you review is an Unqualified Opinion, express your thoughts on other types of financial statement reports such as Qualified Opinions, Adverse Opinions, and Disclaimer of Opinions.
FORM 10-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED MAY 31, 2019
OR
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM
TO
.
Commission File No. 1-10635
NIKE, Inc.
(Exact name of Registrant as specified in its charter)
OREGON
93-0584541
(State or other jurisdiction of incorporation)
(IRS Employer Identification No.)
One Bowerman Drive, Beaverton, Oregon
97005-6453
(Address of principal executive offices)
(Zip Code)
(503) 671-6453
(Registrant’s telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
Class B Common Stock
NKE
New York Stock Exchange
(Title of each class)
(Trading symbol)
(Name of each exchange on which registered)
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
NONE
Indicate by check mark:
• if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
• if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
• whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
•
•
•
•
YES
þ
NO
¨
¨
þ
þ
¨
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
þ
¨
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit such files).
whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth
company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of
the Exchange Act.
Large accelerated filer þ Accelerated filer ¨
Non-accelerated filer ¨ Smaller reporting company ¨
Emerging growth company ¨
if an emerging growth company, if the registrant has elected not to use the extended transition period for
¨
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act.
whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
¨
þ
As of November 30, 2018, the aggregate market values of the Registrant’s Common Stock held by non-affiliates were:
Class A
$
Class B
5,260,259,370
94,690,612,760
$
99,950,872,130
As of July 19, 2019, the number of shares of the Registrant’s Common Stock outstanding were:
Class A
315,024,752
Class B
1,251,863,621
1,566,888,373
DOCUMENTS INCORPORATED BY REFERENCE:
Parts of Registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on September 19, 2019 are incorporated by
reference into Part III of this Report.
NIKE, INC.
ANNUAL REPORT ON FORM 10-K
TABLE OF CONTENTS
PAGE
PART I
ITEM 1.
ITEM 1A.
ITEM 1B.
ITEM 2.
ITEM 3.
ITEM 4.
69
Business
General
Products
69
69
69
Sales and Marketing
United States Market
70
70
International Markets
Significant Customer
Product Research, Design and Development
71
71
72
Manufacturing
72
International Operations and Trade
73
Competition
Trademarks and Patents
Employees
73
74
74
Information about our Executive Officers
75
Risk Factors
76
Unresolved Staff Comments
87
Properties
87
Legal Proceedings
87
Mine Safety Disclosures
87
PART II
ITEM 5.
ITEM 6.
ITEM 7.
ITEM 7A.
ITEM 8.
ITEM 9.
ITEM 9A.
ITEM 9B.
88
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

88
Selected Financial Data
90
Management’s Discussion and Analysis of Financial Condition and Results of Operations
92
Quantitative and Qualitative Disclosures about Market Risk
112
Financial Statements and Supplementary Data
114
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
153
Controls and Procedures
153
Other Information
153
PART III
154
(Except for the information set forth under “Information about our Executive Officers” in Item 1 above, Part III
is incorporated by reference from the Proxy Statement for the NIKE, Inc. 2019 Annual Meeting of
Shareholders.)
ITEM 10.
ITEM 11.
ITEM 12.
ITEM 13.
ITEM 14.
Directors, Executive Officers and Corporate Governance
154
Executive Compensation
154
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
154
Certain Relationships and Related Transactions and Director Independence
154
Principal Accountant Fees and Services
154
PART IV
ITEM 15.
ITEM 16.
155
Exhibits and Financial Statement Schedules
155
Form 10-K Summary
158
Signatures
160
PART I
ITEM 1. BUSINESS
GENERAL
NIKE, Inc. was incorporated in 1967 under the laws of the State of Oregon. As used in this report, the terms “we,” “us,” “NIKE”
and the “Company” refer to NIKE, Inc. and its predecessors, subsidiaries and affiliates, collectively, unless the context indicates
otherwise. Our NIKE digital commerce website is located at www.nike.com. On our NIKE corporate website, located at
investors.nike.com, we post the following filings as soon as reasonably practicable after they are electronically filed with, or
furnished to, the United States Securities and Exchange Commission (the “SEC”): our annual report on Form 10-K, our quarterly
reports on Form 10-Q, our current reports on Form 8-K and any amendments to those reports filed or furnished pursuant to
Section 13(a) or 15(d) of the Securities and Exchange Act of 1934, as amended. Our definitive Proxy Statements are also posted
on our corporate website. All such filings on our corporate website are available free of charge. Copies of these filings are also
available on the SEC’s website (www.sec.gov). Also available on our corporate website are the charters of the committees of our
Board of Directors, as well as our corporate governance guidelines and code of ethics; copies of any of these documents will be
provided in print to any shareholder who submits a request in writing to NIKE Investor Relations, One Bowerman Drive,
Beaverton, Oregon 97005-6453.
Our principal business activity is the design, development and worldwide marketing and selling of athletic footwear, apparel,
equipment, accessories and services. NIKE is the largest seller of athletic footwear and apparel in the world. We sell our
products through NIKE-owned retail stores and through digital platforms (which we refer to collectively as our “NIKE Direct”
operations), to retail accounts and a mix of independent distributors, licensees and sales representatives in virtually all countries
around the world. Virtually all of our products are manufactured by independent contractors. Nearly all footwear and apparel
products are produced outside the United States, while equipment products are produced both in the United States and abroad.
PRODUCTS
We focus our NIKE Brand product offerings in six key categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer),
Training and Sportswear (our sports-inspired lifestyle products). We also market products designed for kids, as well as for other
athletic and recreational uses such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball,
walking, wrestling and other outdoor activities.
NIKE’s athletic footwear products are designed primarily for specific athletic use, although a large percentage of the products are
worn for casual or leisure purposes. We place considerable emphasis on innovation and high-quality construction in the
development and manufacturing of our products. Sportswear, Running and the Jordan Brand are currently our top-selling
footwear categories and we expect them to continue to lead in footwear sales.
We also sell sports apparel covering the above-mentioned categories, which feature the same trademarks and are sold
predominantly through the same marketing and distribution channels as athletic footwear. Our sports apparel, similar to our
athletic footwear products, is designed primarily for athletic use and exemplifies our commitment to innovation and high-quality
construction. Sportswear, Training and Running are currently our top-selling apparel categories and we expect them to continue
to lead in apparel sales. We often market footwear, apparel and accessories in “collections” of similar use or by category. We also
market apparel with licensed college and professional team and league logos.
We sell a line of performance equipment and accessories under the NIKE Brand name, including bags, socks, sport balls,
eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. We
also sell small amounts of various plastic products to other manufacturers through our wholly-owned subsidiary, NIKE IHM, Inc.,
doing business as Air Manufacturing Innovation.
2019 FORM 10-K
69
PART I
Our Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused
on basketball using the Jumpman trademark. Sales and operating results for Jordan Brand products are reported within the
respective NIKE Brand geographic operating segments.
One of our wholly-owned subsidiary brands, Converse, headquartered in Boston, Massachusetts, designs, distributes and
licenses casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack
Purcell trademarks. Operating results of the Converse brand are reported on a stand-alone basis.
Another of our wholly-owned subsidiary brands, Hurley, headquartered in Costa Mesa, California, designs and distributes a line
of action sports and youth lifestyle apparel and accessories under the Hurley trademark. Sales and operating results for Hurley
products are included within the NIKE Brand’s North America geographic operating segment.
In addition to the products we sell to our wholesale customers and directly to consumers through our NIKE Direct operations, we
have also entered into license agreements that permit unaffiliated parties to manufacture and sell, using NIKE-owned
trademarks, certain apparel, digital devices and applications and other equipment designed for sports activities.
SALES AND MARKETING
We experience moderate fluctuations in aggregate sales volume during the year. Historically, revenues in the first and fourth
fiscal quarters have slightly exceeded those in the second and third quarters. However, the mix of product sales may vary
considerably as a result of changes in seasonal and geographic demand for particular types of footwear, apparel and equipment,
as well as other macroeconomic, operating and logistics-related factors.
Because NIKE is a consumer products company, the relative popularity of various sports and fitness activities and changing
design trends affect the demand for our products. We must, therefore, respond to trends and shifts in consumer preferences by
adjusting the mix of existing product offerings, developing new products, styles and categories and influencing sports and fitness
preferences through extensive marketing. Failure to respond in a timely and adequate manner could have a material adverse
effect on our sales and profitability. This is a continuing risk. Refer to Item 1A. Risk Factors.
We report our NIKE Brand operations based on our internal geographic organization. Each NIKE Brand geographic segment
operates predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and
equipment. The Company’s reportable operating segments for the NIKE Brand are: North America; Europe, Middle East & Africa
(EMEA); Greater China; and Asia Pacific & Latin America (APLA), and include results for the NIKE, Jordan and Hurley brands.
Sales through our NIKE Direct operations are managed within each geographic operating segment.
Converse is also a reportable operating segment and operates predominately in one industry: the design, marketing, licensing
and selling of casual sneakers, apparel and accessories. Converse direct to consumer operations, including digital commerce,
are reported within the Converse operating segment results.
UNITED STATES MARKET
For fiscal 2019, NIKE Brand and Converse sales in the United States accounted for approximately 41% of total revenues,
compared to 42% and 46% for fiscal 2018 and fiscal 2017, respectively. We sell our NIKE Brand, Jordan Brand, Hurley and
Converse products to thousands of retail accounts in the United States, including a mix of footwear stores, sporting goods stores,
athletic specialty stores, department stores, skate, tennis and golf shops and other retail accounts. In the United States, we utilize
NIKE sales offices to solicit such sales. During fiscal 2019, our three largest United States customers accounted for
approximately 24% of sales in the United States.
70
NIKE, INC.
PART I
Our NIKE Direct and Converse direct to consumer operations sell NIKE Brand, Jordan Brand, Hurley and Converse products to
consumers through various digital platforms. In addition, our NIKE Direct and Converse direct to consumer operations sell
through the following number of retail stores in the United States:
U.S. RETAIL STORES
NIKE Brand factory stores
NUMBER
217
NIKE Brand in-line stores (including employee-only stores)
29
Converse stores (including factory stores)
109
Hurley stores (including factory and employee-only stores)
29
TOTAL
384
In the United States, NIKE has six significant distribution centers. Four are located in Memphis, Tennessee, two of which are
owned and two of which are leased. Two other distribution centers, one located in Indianapolis, Indiana and one located in
Dayton, Tennessee, are leased and operated by third-party logistics providers. NIKE Brand apparel and equipment are also
shipped from our Foothill Ranch, California distribution center, which we lease. Smaller leased and third-party leased and
operated distribution facilities are located in various parts of the United States.
INTERNATIONAL MARKETS
For fiscal 2019, non-U.S. NIKE Brand and Converse sales accounted for approximately 59% of total revenues, compared to 58%
and 54% for fiscal 2018 and fiscal 2017, respectively. We sell our products to retail accounts, through our own NIKE Direct
operations and through a mix of independent distributors, licensees and sales representatives around the world. We sell to
thousands of retail accounts and ship products from 67 distribution centers outside of the United States. During fiscal 2019,
NIKE’s three largest customers outside of the United States accounted for approximately 14% of total non-U.S. sales.
In addition to NIKE and Converse owned digital commerce platforms in over 45 countries, our NIKE Direct and Converse direct to
consumer businesses operate the following number of retail stores outside the United States:
NON-U.S. RETAIL STORES
NIKE Brand factory stores
NUMBER
648
NIKE Brand in-line stores (including employee-only stores)
57
Converse stores (including factory stores)
63
TOTAL
768
International branch offices and subsidiaries of NIKE are located in Argentina, Australia, Austria, Belgium, Bermuda, Brazil,
Canada, Chile, China, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Hungary, India,
Indonesia, Ireland, Israel, Italy, Japan, Korea, Macau, Malaysia, Mexico, the Netherlands, New Zealand, Norway, Panama, the
Philippines, Poland, Portugal, Russia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland,
Taiwan, Thailand, Turkey, the United Arab Emirates, the United Kingdom, Uruguay and Vietnam.
SIGNIFICANT CUSTOMER
No customer accounted for 10% or more of our worldwide net revenues during fiscal 2019.
2019 FORM 10-K
71
PART I
PRODUCT RESEARCH, DESIGN AND DEVELOPMENT
We believe our research, design and development efforts are key factors in our success. Technical innovation in the design and
manufacturing process of footwear, apparel and athletic equipment receives continued emphasis as we strive to produce
products that help to enhance athletic performance, reduce injury and maximize comfort, while reducing waste.
In addition to our own staff of specialists in the areas of biomechanics, chemistry, exercise physiology, engineering, industrial
design, sustainability and related fields, we also utilize research committees and advisory boards made up of athletes, coaches,
trainers, equipment managers, orthopedists, podiatrists and other experts who consult with us and review designs, materials,
concepts for product and manufacturing process improvements and compliance with product safety regulations around the world.
Employee athletes, athletes engaged under sports marketing contracts and other athletes wear-test and evaluate products during
the design and development process.
As we continue to develop new technologies, we are simultaneously focused on the design of innovative products incorporating
such technologies throughout our product categories. Using market intelligence and research, our various design teams identify
opportunities to leverage new technologies in existing categories responding to consumer preferences. The proliferation of NIKE
Air, Lunar, Zoom, Free, Flywire, Dri-Fit, Flyknit, Flyweave, ZoomX, React, Adaptive and NIKE+ technologies, among others,
throughout our Running, NIKE Basketball, Jordan Brand, Football (Soccer), Training and Sportswear categories typifies our
dedication to designing innovative products.
MANUFACTURING
We are supplied by 112 footwear factories located in 12 countries. The largest single footwear factory accounted for
approximately 9% of total fiscal 2019 NIKE Brand footwear production. Virtually all of our footwear is manufactured outside of the
United States by independent contract manufacturers which often operate multiple factories. For fiscal 2019, contract factories in
Vietnam, China and Indonesia manufactured approximately 49%, 23% and 21% of total NIKE Brand footwear, respectively. We
also have manufacturing agreements with independent contract manufacturers in Argentina and India to manufacture footwear
for sale primarily within those countries. For fiscal 2019, four footwear contract manufacturers each accounted for greater than
10% of footwear production and in the aggregate accounted for approximately 61% of NIKE Brand footwear production.
We are supplied by 334 apparel factories located in 36 countries. The largest single apparel factory accounted for approximately
14% of total fiscal 2019 NIKE Brand apparel production. Virtually all of our apparel is manufactured outside of the United States
by independent contract manufacturers which often operate multiple factories. For fiscal 2019, contract factories in China,
Vietnam and Thailand produced approximately 27%, 22% and 10% of total NIKE Brand apparel, respectively. For fiscal 2019,
one apparel contract manufacturer accounted for more than 10% of apparel production, and the top five contract manufacturers
in the aggregate accounted for approximately 49% of NIKE Brand apparel production.
The principal materials used in our footwear products are natural and synthetic rubber, plastic compounds, foam cushioning
materials, natural and synthetic leather, nylon, polyester and canvas, as well as polyurethane films used to make NIKE Air-Sole
cushioning components. During fiscal 2019, Air Manufacturing Innovation, a wholly-owned subsidiary, with facilities near
Beaverton, Oregon and in St. Charles, Missouri, as well as independent contractors in China and Vietnam, were our suppliers of
the Air-Sole cushioning components used in footwear. The principal materials used in our apparel products are natural and
synthetic fabrics and threads (both virgin and recycled); specialized performance fabrics designed to efficiently wick moisture
away from the body, retain heat and repel rain and/or snow; and plastic and metal hardware. NIKE’s independent contractors and
suppliers buy raw materials for the manufacturing of our footwear, apparel and equipment products. Most raw materials are
available and purchased by those independent contractors and suppliers in the countries where manufacturing takes place.
NIKE’s independent contract manufacturers and suppliers have thus far experienced little difficulty in satisfying raw material
requirements for the production of our products.
Since 1972, Sojitz Corporation of America (“Sojitz America”), a large Japanese trading company and the sole owner of our
redeemable preferred stock, has performed import-export financing services for us. During fiscal 2019, Sojitz America provided
financing and purchasing services for NIKE Brand products sold in certain NIKE markets including Argentina, Brazil, Canada,
India, South Africa and Uruguay, excluding products produced and sold in the same country. Approximately 5% of NIKE Brand
sales occurred in those countries. Any failure of Sojitz America to provide these services or any failure of Sojitz America’s banks
could disrupt our ability to acquire products from our suppliers and to deliver products to our customers in those markets. Such a
disruption could result in canceled orders that would adversely affect sales and profitability. However, we believe that any such
disruption would be short-term in duration due to the ready availability of alternative sources of financing at competitive rates.
72
NIKE, INC.
PART I
INTERNATIONAL OPERATIONS AND TRADE
Our international operations and sources of supply are subject to the usual risks of doing business abroad, such as the
implementation of, or potential changes in, foreign and domestic trade policies, increases in import duties, anti-dumping
measures, quotas, safeguard measures, trade restrictions, restrictions on the transfer of funds and, in certain parts of the world,
political instability and terrorism. We have not, to date, been materially affected by any such risk, but cannot predict the likelihood
of such material effects occurring in the future.
In recent years, uncertain global and regional economic and political conditions have affected international trade and increased
protectionist actions around the world. These trends are affecting many global manufacturing and service sectors, and the
footwear and apparel industries, as a whole, are not immune. Companies in our industry are facing trade protectionism in many
different regions, and in nearly all cases we are working together with industry groups to address trade issues and reduce the
impact to the industry, while observing applicable competition laws. Notwithstanding our efforts, protectionist measures have
resulted in increases in the cost of our products, and additional measures, if implemented, could adversely affect sales and/or
profitability for NIKE, as well as the imported footwear and apparel industry as a whole.
We monitor protectionist trends and developments throughout the world that may materially impact our industry, and we engage
in administrative and judicial processes to mitigate trade restrictions. We are actively monitoring actions that may result in
additional anti-dumping measures and could affect our industry. We are also monitoring for and advocating against other
impediments that may limit or delay customs clearance for imports of footwear, apparel and equipment. NIKE also advocates for
trade liberalization for footwear and apparel in a number of regional and bilateral free trade agreements. Changes in U.S. trade
policies, including new and potential tariffs or penalties on imported goods, may negatively affect U.S. corporations with
production activities outside the U.S., including NIKE. There have also been discussions and commentary regarding retaliatory
actions by countries affected by the new tariffs and other changes in U.S. trade policy, and certain foreign governments have
instituted or are considering imposing retaliatory measures on certain U.S. goods, which could negatively affect U.S. corporations
with business operations and/or consumer markets in those countries. Depending on the extent that certain new or proposed
reforms are implemented by the U.S. government and the manner in which foreign governments respond to such reforms, it may
become necessary for us to change the way we conduct business, which may adversely affect our results of operations. In
addition, with respect to proposed trade restrictions targeting China, which represents an important sourcing country and
consumer market for us, we are working with a broad coalition of global businesses and trade associations representing a wide
variety of sectors to help ensure that any legislation enacted and implemented (i) addresses legitimate and core concerns, (ii) is
consistent with international trade rules and (iii) reflects and considers China’s domestic economy and the important role it has in
the global economic community.
Where trade protection measures are implemented, we believe that we have the ability to develop, over a period of time,
adequate alternative sources of supply for the products obtained from our present suppliers. If events prevented us from
acquiring products from our suppliers in a particular country, our operations could be temporarily disrupted and we could
experience an adverse financial impact. However, we believe we could abate any such disruption, and that much of the adverse
impact on supply would, therefore, be of a short-term nature, although alternate sources of supply might not be as cost-effective
and could have an ongoing adverse impact on profitability.
Our international operations are also subject to compliance with the U.S. Foreign Corrupt Practices Act, or “FCPA”, and other
anti-bribery laws applicable to our operations. We source a significant portion of our products from, and have important consumer
markets, outside of the United States, and we have an ethics and compliance program to address compliance with the FCPA and
similar laws by us, our employees, agents, suppliers and other partners.
COMPETITION
The athletic footwear, apparel and equipment industry is highly competitive on a worldwide basis. We compete internationally
with a significant number of athletic and leisure footwear companies, athletic and leisure apparel companies, sports equipment
companies and large companies having diversified lines of athletic and leisure footwear, apparel and equipment, including
adidas, Anta, ASICS, Li Ning, lululemon athletica, Puma, Under Armour and V.F. Corporation, among others. The intense
competition and the rapid changes in technology and consumer preferences in the markets for athletic and leisure footwear and
apparel and athletic equipment, constitute significant risk factors in our operations.
2019 FORM 10-K
73
PART I
NIKE is the largest seller of athletic footwear and apparel in the world. Important aspects of competition in this industry are:
• Product attributes such as quality; performance and reliability; new product innovation and development and consumer
price/value.
• Consumer connection and affinity for brands and products, developed through marketing and promotion; social media
interaction; customer support and service; identification with prominent and influential athletes, public figures, coaches,
teams, colleges and sports leagues who endorse our brands and use our products and active engagement through
sponsored sporting events and clinics.
• Effective sourcing and distribution of products, with attractive merchandising and presentation at retail, both in-store and
digital platforms.
We believe that we are competitive in all of these areas.
TRADEMARKS AND PATENTS
We believe that our intellectual property rights are important to our brand, our success and our competitive position. We pursue
available protections of these rights and vigorously protect them against third-party theft and infringement.
We use trademarks on nearly all of our products and believe having distinctive marks that are readily identifiable is an important
factor in creating a market for our goods, in identifying our brands and the Company, and in distinguishing our goods from the
goods of others. We consider our NIKE and Swoosh Design trademarks to be among our most valuable assets and we have
registered these trademarks in almost 170 jurisdictions worldwide. In addition, we own many other trademarks that we use in
marketing our products. We own common law rights in the trade dress of several significant shoe designs and elements. For
certain trade dress, we have sought and obtained trademark registrations.
We have copyright protection in our design, graphics and other original works. In some instances, we also obtain registered
copyrights.
We file for, own and maintain many U.S. and foreign utility and design patents protecting components, technologies, materials,
manufacturing techniques, features, functionality, and industrial and aesthetic designs used in and for the manufacture of various
athletic and leisure footwear and apparel, athletic equipment and digital devices and related software applications. These patents
expire at various times.
We believe our success depends upon our capabilities in areas such as design, research and development, production and
marketing and is supported by our intellectual property rights, such as trademarks, patents and trade secrets, among others.
We have followed a policy of applying for and registering intellectual property rights in the United States and select foreign
countries on trademarks, inventions, innovations and designs that we deem valuable. We also continue to vigorously protect our
intellectual property, including trademarks, patents and trade secrets against third-party infringement.
EMPLOYEES
As of May 31, 2019, we had approximately 76,700 employees worldwide, including retail and part-time employees. Management
is committed to maintaining an environment where all NIKE employees have the opportunity to reach their full potential. None of
our employees are represented by a union, except for certain employees in the APLA geography, where local law requires those
employees to be represented by a trade union. Also, in some countries outside of the United States, local laws require employee
representation by works councils (which may be entitled to information and consultation on certain Company decisions) or by
organizations similar to a union. In certain European countries, we are required by local law to enter into and/or comply with
industry-wide or national collective bargaining agreements. NIKE has never experienced a material interruption of operations due
to labor disagreements.
74
NIKE, INC.
PART I
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
The executive officers of NIKE, Inc. as of July 23, 2019 are as follows:
Mark G. Parker, Chairman, President and Chief Executive Officer — Mr. Parker, 63, was appointed
President and Chief Executive Officer in January 2006 and named Chairman of the Board in 2016. He
has been employed by NIKE since 1979 with primary responsibilities in product research, design and
development, marketing and brand management. Mr. Parker was appointed divisional Vice President in
charge of product development in 1987, corporate Vice President in 1989, General Manager in 1993,
Vice President of Global Footwear in 1998 and President of the NIKE Brand in 2001.
Andrew Campion, Executive Vice President and Chief Financial Officer — Mr. Campion, 47, joined
NIKE in 2007 as Vice President of Global Planning and Development, leading strategic and financial
planning. He was appointed Chief Financial Officer of the NIKE Brand in 2010, responsible for leading
all aspects of financial management for the Company’s flagship brand. In 2014, he was appointed
Senior Vice President, Strategy, Finance and Investor Relations in addition to his role as Chief Financial
Officer of NIKE Brand. Mr. Campion assu