Filing Analysis
Weyco Group, Inc. filed an 8-K to announce its quarterly financial results for the period ended June 30, 2026. The filing serves as a formal notification of the release of earnings data via press release.
📋 Key Facts
- The company issued a press release on August 4, 2026, regarding financial results for the quarter ended June 30, 2026.
- Information provided under Item 2.02 is furnished but not considered 'filed' for purposes of Section 18 of the Exchange Act.
- The report was signed by Judy Anderson, Vice President, CFO, and Secretary.
Weyco Group, Inc. has authorized the termination of its Pension Plan and related Pension Trust, effective August 31, 2026. The plan is currently overfunded as of December 31, 2025, and no additional cash contributions are expected from the company.
🚩 Red Flags
- Potential liquidity event/cash outflow required to satisfy participant settlements, though currently offset by overfunding.
📋 Key Facts
- Termination of Weyco Group, Inc. Pension Plan effective August 31, 2026.
- The plan is overfunded as of December 31, 2025.
- Approximately 400 participants are impacted by the termination.
- No change in benefits for participants will result from this action.
- Termination is subject to review by the Pension Benefit Guaranty Corporation (PBGC).
Weyco Group, Inc. announced a special cash dividend of $2.00 per share to be paid on January 9, 2026. The total cash outlay for this distribution is estimated at approximately $19 million.
📋 Key Facts
- Special cash dividend declared: $2.00 per share
- Total estimated cash outlay: ~$19 million
- Record date: November 17, 2025
- Payment date: January 9, 2026
Weyco Group, Inc. filed an 8-K to announce its quarterly financial results for the period ending September 30, 2025. The filing serves as a formal notice of the release of earnings data via press release.
📋 Key Facts
- Reporting date: November 4, 2025
- Period covered: Quarter ended September 30, 2025
- The filing includes an earnings press release as Exhibit 99.1
- Information furnished under Item 2.02 is not considered 'filed' for purposes of Section 18 of the Exchange Act
Weyco Group, Inc. entered into a Fifth Amendment to its existing revolving credit facility with Associated Bank on September 26, 2025. The amendment extends the maturity date of the facility and slightly reduces the interest rate margin.
🚩 Red Flags
- The extension of credit maturity to only one year (September 2026) suggests the company may be seeking incremental liquidity runway rather than long-term stability.
📋 Key Facts
- Entered into Fifth Amendment to Credit Agreement on September 26, 2025.
- Maturity of revolving credit facility extended to September 25, 2026.
- Interest rate margin reduced by 15 basis points.
- Maximum available borrowing limit remains $40.0 million.
- Current interest rate: one-month term SOFR plus 110 basis points.
- Facility is secured by a security interest in the Company's general business assets.
Weyco Group, Inc. announced the resignation of Robert D. Hanley as Director of Finance and principal accounting officer, effective September 10, 2025. Stephanie L. Liebl has been appointed to succeed him in the role of principal accounting officer.
🚩 Red Flags
- Departure of a key financial officer (Principal Accounting Officer) can sometimes precede internal control reviews, though no disagreement was cited here.
📋 Key Facts
- Robert D. Hanley resigned as Director of Finance and principal accounting officer on September 10, 2025.
- Mr. Hanley's resignation was for a position at another company and not due to disagreements with the Company regarding operations, policies, or practices.
- Stephanie L. Liebl (CPA) assumed the role of principal accounting officer effective September 10, 2025.
- Ms. Liebl has been with the Company since November 2011 and served as Director of Financial Reporting since 2020.
Weyco Group, Inc. filed an 8-K to announce its quarterly financial results for the period ending June 30, 2025. The filing serves as a formal notice that a press release containing these results was issued on August 5, 2025.
📋 Key Facts
- The company released financial results for the quarter ended June 30, 2025.
- Results were announced via press release on August 5, 2025.
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition).
Weyco Group, Inc. announced the appointment of Ms. Becky Kryger as an independent director to its Board of Directors and several committees, effective July 31, 2025.
📋 Key Facts
- Ms. Becky Kryger appointed as an independent director, term expiring at the 2026 Annual Meeting of Shareholders.
- Ms. Kryger will serve on the Audit, Compensation, and Nominating and Corporate Governance Committees.
- The Board size increased from 6 to 7 directors.
- Ms. Kryger's professional background includes VP/Global Controller at Clarios and various finance leadership roles at Johnson Controls.
- Compensation consists of a quarterly cash retainer and restricted stock awards under the 2024 Incentive Plan.
Weyco Group, Inc. held its 2025 Annual Meeting of Shareholders on May 6, 2025. The meeting resulted in the election of six directors and the ratification of Deloitte & Touche, LLP as the independent auditor.
📋 Key Facts
- Annual Meeting held on May 6, 2025.
- Six directors elected to terms expiring in 2026: Tina Chang, John W. Florsheim, Thomas W. Florsheim, Thomas W. Florsheim, Jr., Cory L. Nettles, and Frederick P. Stratton, Jr.
- Shareholders ratified the appointment of Deloitte & Touche, LLP as independent auditor for the fiscal year ending December 31, 2025.
- Shareholders approved executive compensation via an advisory vote.
Weyco Group, Inc. filed an 8-K to announce its quarterly financial results for the period ending March 31, 2025. The filing serves as a formal announcement of the earnings press release issued on May 6, 2025.
📋 Key Facts
- The company released financial results for the quarter ended March 31, 2025.
- The filing was signed by Judy Anderson, Vice President, CFO and Secretary.
- Results were communicated via a press release attached as Exhibit 99.1.
Weyco Group, Inc. has received a notification from Nasdaq confirming it is no longer in compliance with Listing Rule 5605(b)(1) regarding the requirement for a majority of independent directors. This follows the resignation of Board member Robert Feitler on February 28, 2025.
🚩 Red Flags
- Delisting notice/Non-compliance with Nasdaq listing standards.
- Risk that the company may fail to find a replacement director within the cure period.
📋 Key Facts
- Resignation of Director Robert Feitler effective February 28, 2025.
- Non-compliance with Nasdaq Listing Rule 5605(b)(1) (Independent Director requirement).
- Nasdaq has provided a cure period to regain compliance.
- Compliance deadline: The earlier of the next annual shareholders meeting or February 28, 2026; if the meeting is before August 27, 2025, compliance must be evidenced by August 27, 2025.
Weyco Group, Inc. announced the resignation of long-standing director Robert Feitler and approved amendments to the company's bylaws regarding board size and declassification.
🚩 Red Flags
- Departure of a long-tenured director (since 1964) could signal institutional knowledge loss, though no disagreement was cited.
📋 Key Facts
- Robert Feitler resigned from the Board of Directors effective February 28, 2025.
- Mr. Feitler had served on the Board since 1964.
- The resignation was not due to any disagreements with the Company regarding operations, policies, or practices.
- Unvested stock options and restricted stock for Mr. Feitler will vest on March 4, 2025.
- Bylaws were amended to change the required number of directors to a range of six (6) to eight (8), down from seven.
- Language regarding phased declassification of the Board was removed as it was completed in 2023.
Weyco Group, Inc. filed an 8-K to announce its financial results for the quarter and fiscal year ended December 31, 2024. The filing serves as a formal vehicle to distribute the earnings press release via Exhibit 99.1.
📋 Key Facts
- Reporting period: Quarter and Year ended December 31, 2024.
- Filing date: March 4, 2025.
- The filing includes a press release as Exhibit 99.1 regarding financial results.
Weyco Group, Inc. announced the dismissal of Baker Tilly US, LLP as its independent auditor and the appointment of Deloitte & Touche LLP for the fiscal year ending December 31, 2025. While no disagreements on accounting principles were reported, a material weakness in internal controls over financial reporting was disclosed.
🚩 Red Flags
- Material weakness in internal control over financial reporting (IT general controls) reported in FY2023.
- Auditor change following a period of identified material weaknesses.
📋 Key Facts
- Dismissal of Baker Tilly US, LLP approved by Audit Committee on November 5, 2024.
- Baker Tilly will complete the audit for the fiscal year ending December 31, 2024, before termination.
- Appointment of Deloitte & Touche LLP as the new independent auditor for fiscal year 2025.
- A material weakness in internal control over financial reporting was identified regarding IT general controls (user access and program change management) for the period ending December 31, 2023.
- The company claims to have remediated the material weakness as of June 30, 2024.
Weyco Group, Inc. announced a special one-time cash dividend of $2.00 per share. The total cash outlay for this distribution is estimated at approximately $19 million.
📋 Key Facts
- Special one-time cash dividend declared: $2.00 per share.
- Total estimated cash outlay: ~$19 million.
- Record date: Close of business on November 18, 2024.
- Payment date: January 2, 2025.
Weyco Group, Inc. filed an 8-K to announce the release of its financial results for the quarterly period ended September 30, 2024.
📋 Key Facts
- The filing was made on November 5, 2024.
- The report pertains to the quarter ended September 30, 2024.
- Financial results were announced via a press release (Exhibit 99.1).
Weyco Group, Inc. entered into a Fourth Amendment to its existing revolving credit facility with Associated Bank on September 27, 2024. The amendment primarily serves to extend the maturity date of the facility to September 26, 2025.
🚩 Red Flags
- Short-term extension: The maturity date of September 26, 2025, provides only one year of runway, which may indicate difficulty in securing long-term financing or a need for continuous refinancing.
📋 Key Facts
- Entered into Fourth Amendment to Credit Agreement on September 27, 2024.
- The amendment extends the maturity of the revolving credit facility from its previous date to September 26, 2025.
- Maximum available borrowing limit remains at $40.0 million.
- Interest rate is set at one-month term SOFR plus 125 basis points.
- The facility is secured by a security interest in the Company's general business assets.
Weyco Group, Inc. filed an 8-K to announce its quarterly financial results for the period ended June 30, 2024. The filing serves as a formal notice of the release of earnings data via press release.
📋 Key Facts
- The company released financial results for the quarter ended June 30, 2024.
- The announcement was made on August 6, 2024.
- Financial details are contained in Exhibit 99.1 (Press Release).
Weyco Group, Inc. reported the results of its 2024 Annual Meeting of Shareholders held on May 7, 2024. The meeting included the election of seven directors and the approval of a new incentive plan and auditor ratification.
📋 Key Facts
- The 2024 Annual Meeting was held on May 7, 2024.
- Seven directors were elected to terms expiring in 2025: Tina Chang, Robert Feitler, John W. Florsheim, Thomas W. Florsheim, Thomas W. Florsheim, Jr., Cory L. Nettles, and Frederick P. Stratton, Jr.
- Shareholders ratified the appointment of Baker Tilly US, LLP as independent auditors for the fiscal year ending December 31, 2024.
- The Weyco Group, Inc. 2024 Incentive Plan was approved by shareholders.
Weyco Group, Inc. filed an 8-K to announce its quarterly financial results for the period ending March 31, 2024.
📋 Key Facts
- The filing was made on May 7, 2024.
- The report pertains to the quarter ended March 31, 2024.
- Financial results were released via a press release (Exhibit 99.1).
Weyco Group, Inc. filed an 8-K to announce its financial results for the quarter and fiscal year ended December 31, 2023. The filing serves as a formal announcement of earnings via a press release.
📋 Key Facts
- Report date: March 5, 2024
- Reporting period: Quarter and Year ended December 31, 2023
- The filing includes Exhibit 99.1 containing the earnings press release
- Information is furnished under Item 2.02 and not deemed 'filed' for purposes of Section 18