Research Coverage Company Disclosure

Company Name: adidas AG
Symbol: ADS GR


3 Robert W. Baird & Co. Incorporated and/or its affiliates have received investment banking compensation from this company in the past 12 months.
11 Robert W. Baird & Co. and/or its affiliates expect to receive or intend to seek investment banking related compensation from the company or companies mentioned in this report within the next three months.