NKE » Topics » SHAREHOLDER PROPOSAL REGARDING CHARITABLE CONTRIBUTIONS REPORT

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

SHAREHOLDER PROPOSAL REGARDING CHARITABLE CONTRIBUTIONS REPORT

The Free Enterprise Action Fund, 12309 Briarbush Lane, Potomac, Maryland 20854, a holder of 100 shares of Class B Stock, submitted the following resolution (the “Proposal”), for the reasons stated. The Board of Directors recommends a vote AGAINST the Proposal and asks shareholders to read through NIKE’s response which follows the shareholder proposal.

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