Under Armour CEO Kevin Plank gives instructions to players on the set of commercial at the University of Maryland. Terps coach Ralph Friedgen and former player Eric Ogbogu are featured in the commercial. (Baltimore Sun photo /May 28, 2004)
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.
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