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NKE » Topics » Certain Transactions and Business Relationships

This excerpt taken from the NKE DEF 14A filed Aug 9, 2006.

Certain Transactions and Business Relationships

Mr. Knight makes his airplane available for business use by the Company for no charge. NIKE operates and maintains the aircraft. Mr. Knight has reimbursed the Company $516,782 for NIKE’s operating costs related to his personal use of this aircraft during fiscal 2006.

When Mr. Perez was an executive officer, the Company and Mr. Perez were parties to an aircraft time-sharing agreement, under which Mr. Perez could use the Company’s aircraft for personal use and reimburse the Company for its operating costs related to such use. Mr. Perez reimbursed the Company $135,429 for NIKE’s operating costs related to his personal use of the aircraft during fiscal 2006.

 

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