Welcome to our dedicated page for Duluth Holdings SEC filings (Ticker: DLTH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Duluth Holdings Inc. (NASDAQ: DLTH), the Wisconsin-based company that operates the Duluth Trading lifestyle apparel brand. Through these filings, investors can review how the company reports its financial condition, operating performance, and material corporate events.
Duluth Holdings uses Form 10-K annual reports and Form 10-Q quarterly reports to present audited and interim financial statements, discuss gross margin, selling, general and administrative expenses, inventory, liquidity, and to describe risks affecting its apparel, footwear, and hard goods business. These reports also include the Risk Factors section referenced in the company’s forward-looking statements.
The company files Form 8-K current reports to disclose specific material events, such as quarterly earnings press releases, investor presentations, amendments to its credit agreement, and certain leadership or compensation actions. For example, Duluth Holdings has used Form 8-K to furnish earnings releases for its fiscal quarters and to describe an amendment that temporarily increased the revolving credit commitment under its credit agreement.
Users can also monitor filings related to equity awards and executive arrangements, such as inducement grants disclosed in connection with leadership changes, and other documents that explain how management is incentivized. While this page focuses on the raw filings, AI-powered tools on the platform can summarize lengthy documents, highlight key sections in 10-K and 10-Q reports, and surface notable items from 8-Ks so readers can more quickly understand what each filing means for Duluth Trading’s operations and capital structure.
Duluth Holdings SVP Richard W. Schlecht reported a routine tax-related share disposition. On March 13, 2026, 8,691 shares of Class B common stock were withheld at $2.16 per share to cover taxes upon vesting of restricted stock, rather than sold on the open market.
After this, he directly held 344,542 shares of Class B stock and indirectly held 88,660 shares in UTMA accounts for his children, showing he retains a substantial ownership position.
Duluth Holdings Inc. updated employment agreements for its top leaders. The company and President and CEO Stephanie L. Pugliese agreed that for fiscal 2026 she will receive a single equity grant that vests in three equal parts on the first, second, and third anniversaries of the grant date, subject to continued employment. The aggregate minimum grant date fair value for this 2026 award matches the minimum total grant value previously outlined for 2026 in her original agreement.
The company also amended the employment agreement of Stephen L. Schlecht, Chairman of the Board and Senior Advisor. His employment term is extended through the 2028 annual shareholder meeting, while his annual base salary is reduced from $275,000 to $100,000. His bonus opportunity remains at a 50% target and 75% maximum of base salary for fiscal years 2026 through 2028, with a prorated bonus in 2028.
Askeladden Capital Management and its managing member Samir Patel report beneficial ownership of 2,207,287 shares of Duluth Holdings Inc.
The ownership percentage is based on 33,361,992 Class B shares outstanding as of December 15, 2025, as reported in Duluth’s Form 10-Q for the quarter ended November 2, 2025. The filers state the holdings are in the ordinary course of business and not for the purpose of changing or influencing control.
Duluth Holdings Inc. (DLTH) filed an amended Schedule 13G/A reporting the holdings of founder Stephen L. Schlecht in the company’s dual-class stock structure. Schlecht is reported as beneficially owning 10,483,788 shares for Schedule 13G purposes, representing 28.5% of the Class B Common Stock.
The filing explains that this amount includes 3,364,200 shares of Class A Common Stock and 7,119,588 shares of Class B Common Stock
The 28.5% ownership percentage is calculated using 33,361,992 Class B shares outstanding as of December 15, 2025, plus Schlecht’s Class A shares treated as converted into Class B solely for this calculation. The filing notes that Class A shares carry ten votes per share, while Class B shares carry one vote per share, so the reported percentage does not capture Schlecht’s higher voting influence.
Duluth Holdings Inc. director Williams Scott K reported receiving an award of 7,469 shares of Class B Common Stock on February 1, 2026. The shares were granted under the company’s 2024 Equity Incentive Plan in lieu of a quarterly cash retainer for board service.
Following this stock award, Williams Scott K beneficially owns 136,629 shares of Class B Common Stock, held as a direct ownership position.
Duluth Holdings Inc. director Janet H. Kennedy received an equity grant as part of her board compensation. On 02/01/2026, she was awarded 6,225 shares of Class B Common Stock at no cost under the company’s 2024 Equity Incentive Plan, in lieu of a quarterly cash retainer. After this award, she beneficially owned 112,128 Class B shares directly.
Duluth Holdings Inc. executive Richard W. Schlecht, SVP of Product Development & Sourcing, reported acquiring additional company stock. On December 31, 2025, he acquired 1,000 shares of Class B Common Stock at $1.77 per share in a transaction coded as an acquisition. The filing notes these shares were obtained under the Duluth Holdings Inc. Employee Stock Purchase Plan, meaning they were bought through a company-sponsored program for employees.
After this purchase, Schlecht beneficially owns 353,233 Class B shares directly. The filing also reports 88,660 Class B shares held indirectly in UTMA accounts for his children, reflecting additional ownership associated with him through family accounts.
Duluth Holdings Inc. executive David Homolka, SVP of Talent, Operations, AP & Safety, increased his ownership through the company’s employee stock plan. On 12/31/2025 he acquired 1,000 shares of Class B Common Stock at a price of $1.77 per share, reported as an acquisition transaction.
These shares were obtained under the Duluth Holdings Inc. Employee Stock Purchase Plan and are held as a direct ownership position. Following this purchase, Homolka beneficially owns 276,413 shares of Class B Common Stock.
Duluth Holdings Inc. reported softer demand but better profitability for the quarter ended November 2, 2025. Net sales declined 9.6% to $114.9 million, mainly from lower web traffic after reduced promotional activity, while gross margin improved to 53.8% from 52.3% as higher average selling prices and direct-to-factory sourcing offset a $3 million tariff impact.
Selling, general and administrative expenses fell $11.6 million to $70.1 million, lowering the expense ratio to 61.5% of sales from 64.8%. With no restructuring charges this quarter versus $6.2 million a year ago, net loss attributable to shareholders narrowed to $10.1 million, or $(0.29) per share, compared with $28.2 million, or $(0.84) per share.
For the first nine months, net sales decreased 9.4% to $349.3 million, but Adjusted EBITDA increased to $7.5 million from $6.1 million. A new $100.0 million asset-based revolving credit facility, temporarily increased to $125 million through March 31, 2026 and maturing in 2030, is intended to support seasonal inventory and liquidity needs.
Duluth Holdings Inc. furnished an earnings press release discussing its financial results for the fiscal third quarter ended November 2, 2025, along with an investor presentation, both dated December 16, 2025. These materials are provided as Exhibits 99.1 and 99.2 and are treated as “furnished,” not “filed,” under securities laws and are not automatically incorporated into other securities filings.
The company also included extensive cautionary language about forward-looking statements, noting that actual results may differ materially due to factors such as inflation, changes in consumer spending, supply chain and distribution disruptions, inventory management, competition, labor and transportation costs, data privacy and cybersecurity concerns, compliance with debt covenants, and evolving tax and regulatory requirements.