Weyco Group's SEC filings document operating results and corporate governance for a Wisconsin footwear company with North American wholesale and retail operations. Form 8-K reports furnish quarterly and annual financial results, including brand and segment commentary for Florsheim, Nunn Bush, Stacy Adams and BOGS, as well as dividend declarations and other material events.
Proxy and annual-meeting filings cover director elections, auditor ratification, advisory compensation votes and executive-compensation disclosure. Other current reports describe capital-structure matters such as amendments to the company's revolving credit facility, changes in financial reporting leadership and related governance updates.
Weyco Group Inc. president and COO John W. Florsheim reported an internal restructuring of share ownership rather than a market trade. An indirect holding of 94,619 shares of Common Stock previously held in a 2018 irrevocable trust was reduced to zero after the trust was closed and the shares were transferred to his father Thomas W. Florsheim’s revocable trust at a stated price of $0.00 per share.
Following this change, John Florsheim continues to report substantial holdings in Weyco Group through a mix of direct and indirect interests, including 428,345 directly held common shares, several indirect family-related positions, and multiple vested stock options with exercise prices between $18.00 and $37.22 expiring between 2028 and 2033. The filing characterizes the trust transfer as an “other acquisition or disposition,” which is typically administrative rather than a market-driven transaction.
WEYCO GROUP INC chairman and CEO Thomas W. Florsheim Jr. filed a Form 4 mainly to update his holdings and report a trust restructuring. An entity labeled “2018 Irrevocable Trust” transferred 94,619 shares of common stock to a revocable trust for his father, leaving that trust with zero shares.
As of the transaction date, he is reported as holding 808,737 common shares directly, plus indirect interests including 221,873 shares as trustee of the John Florsheim Family Trust, 268,779 shares as trustee for children, and 52,113 shares held by his wife. He also has several stock option awards on common stock with exercise prices between $18.0000 and $37.2200 expiring between 2028 and 2033. The filing shows no open-market purchases or sales.
WEYCO GROUP INC director Thomas W. Florsheim reported a restructuring of his family holdings in company stock. A Form 4 entry shows 378,476 shares of Common Stock moved at $0.00 per share into a revocable trust, following the closure of related children’s trusts.
After this transfer, the filing reports 932,649 shares held indirectly in the revocable trust, 77,688 shares held indirectly by his wife, and 3,880 shares held directly. Florsheim also continues to hold several stock option awards on Weyco common stock with exercise prices between $18.00 and $37.22 and expirations from 2027 through 2033.
Weyco Group, Inc. reported flat first‑quarter 2026 net sales of $68.0 million, but improved profitability. Earnings from operations rose 7% to $7.5 million, and net earnings increased 10% to $6.1 million, or $0.64 per diluted share, helped mainly by lower wholesale selling and administrative expenses.
Gross margin slipped to 44.2% from 44.6% as incremental tariffs raised product costs, partially offset by price increases. Wholesale sales fell 1%, with Florsheim up 5% but Stacy Adams and BOGS down 9% and 11%. Retail net sales grew 2% and Florsheim Australia’s sales rose 10% (flat in local currency). Cash and marketable securities totaled $93.9 million with no debt and operating cash flow of $17.4 million. The company paid $23.9 million in dividends and raised its quarterly dividend to $0.28 per share. Weyco has paid about $19.8 million in IEEPA tariffs and has submitted refund claims for $18.6 million of Phase 1 entries, while a new 10% tariff creates ongoing gross margin uncertainty.
Weyco Group, Inc. reported results of its 2026 Annual Meeting of Shareholders held on May 5, 2026. Shareholders elected seven directors to one-year terms ending at the 2027 annual meeting, with each nominee receiving over 7.3 million votes in favor and broker non-votes of 593,802.
Shareholders also ratified the Audit Committee’s selection of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 8,473,665 votes for and 3,321 against. In an advisory vote, shareholders approved the compensation of the company’s named executive officers with 6,619,839 votes for, 1,246,596 against, and 18,381 abstentions.
Weyco Group reported essentially flat first quarter 2026 net sales of $68.0 million, compared with $68.0 million a year earlier, but higher profitability. Net earnings rose to $6.1 million from $5.5 million, and diluted EPS increased to $0.64 from $0.57 as selling and administrative expenses declined.
In North American wholesale, net sales were $53.6 million, down 1%, with 5% growth at Florsheim offset by declines at Stacy Adams and BOGS. Wholesale operating earnings still improved to $7.0 million. Retail segment net sales in North America edged up to $8.8 million, and operating earnings increased to $0.8 million.
Florsheim Australia net sales were $5.6 million, up 10% in U.S. dollars, with flat local-currency sales and small operating losses. Operating cash flow strengthened sharply to $17.4 million, helped by a significant inventory reduction. The company has paid about $19.8 million in IEEPA tariffs and has submitted refund claims for $18.6 million, with an additional $1.2 million in a later phase. The Board raised the quarterly dividend to $0.28 per share, a 4% increase.
Weyco Group, Inc. is calling its 2026 Annual Meeting of Shareholders for May 5, 2026 in Glendale, Wisconsin. Shareholders of record as of March 13, 2026, when 9,531,214 common shares were outstanding, may vote.
Investors will vote on three items: electing seven directors, ratifying Deloitte & Touche LLP as independent auditor for 2026, and an advisory say-on-pay resolution on named executive officer compensation. The board recommends voting FOR all director nominees, the auditor ratification, and executive pay.
The proxy outlines board independence, committee structures, and ownership, noting directors and executives as a group beneficially own 3,534,443 shares, or 36.4% of the common stock. It also details a conservative pay program where roughly 30–50% of executive “total maximum compensation” is at risk through performance-based cash bonuses and stock-based awards.
Weyco Group reported softer 2025 results as tariffs and weaker demand weighed on performance. Net sales fell to $276.2 million from $290.3 million, with gross margin contracting to 43.2% from 45.3% as roughly $16 million of new U.S. “incremental” tariffs compressed footwear margins despite mid‑year price increases.
Operating earnings declined to $29.2 million from $36.6 million, and net earnings dropped to $23.1 million, or $2.41 per diluted share, compared with $30.3 million, or $3.16, in 2024. Wholesale sales fell 5% overall, with Nunn Bush, Stacy Adams and BOGS down, while Florsheim reached record sales of $92.0 million.
The retail segment’s net sales declined 8% as value‑oriented online shoppers bought fewer clearance items, and Florsheim Australia’s local‑currency sales grew modestly. Despite the earnings decline, the company ended 2025 with $100.9 million in cash and marketable securities, no borrowings on a $40 million credit line, ongoing share repurchases, and both regular and special cash dividends, including a $2.00 per‑share special dividend declared in late 2025. Management also highlighted cybersecurity and ESG initiatives and is contesting the 2025 tariffs in court while managing ongoing trade‑policy uncertainty.