Weaver family discloses 30.7% Shoe Station Group stake (SHOE)
Rhea-AI Filing Summary
Shoe Station Group Inc received Amendment No. 16 to a Schedule 13G from J. Wayne Weaver and Delores B. Weaver, each reporting beneficial ownership of 8,348,403 shares of common stock, or 30.7% of the class, based on 27,151,308 shares outstanding as of May 29, 2026.
Each spouse has sole voting and dispositive power over their directly held shares (4,181,889 for J. Wayne Weaver and 4,166,514 for Delores B. Weaver) and shared power over the shares held by the other spouse, reflecting their combined stake in the company.
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Key Figures
Beneficial Ownership: 8,348,403 shares
Ownership Percentage: 30.7%
Shares Outstanding: 27,151,308 shares
+3 more
6 metrics
Beneficial Ownership
8,348,403 shares
Shares beneficially owned by each of J. Wayne and Delores B. Weaver
Ownership Percentage
30.7%
Percent of Shoe Station Group Inc common stock beneficially owned by each Weaver
Shares Outstanding
27,151,308 shares
Outstanding common shares as of May 29, 2026, from the issuer’s Form 10-Q
Sole voting power (J. Wayne Weaver)
4,181,889 shares
Shares over which J. Wayne Weaver has sole voting and dispositive power
Sole voting power (Delores B. Weaver)
4,166,514 shares
Shares over which Delores B. Weaver has sole voting and dispositive power
Shared voting power (each spouse)
4,166,514 / 4,181,889 shares
Each spouse’s shared voting power over the other’s directly held shares
Key Terms
beneficially owned, sole voting power, shared dispositive power, Schedule 13G
4 terms
beneficially owned regulatory
"Amount beneficially owned: J. Wayne Weaver - 8,348,403 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Number of shares as to which the person has sole power to vote"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Schedule 13G regulatory
"Amendment No. 16 to a Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ownership stake do J. Wayne and Delores B. Weaver report in SHOE?
They each report beneficial ownership of 8,348,403 Shoe Station Group Inc shares, representing 30.7% of the common stock, based on 27,151,308 shares outstanding as of May 29, 2026, as referenced from the company’s Form 10-Q.
What does “beneficially owned” mean for the Weavers’ SHOE holdings?
“Beneficially owned” includes both directly and indirectly held shares. Each Weaver’s 8,348,403-share total counts shares in their own name plus shares held by their spouse, over which they have shared voting and dispositive power under SEC rules.
Are J. Wayne and Delores B. Weaver filing jointly regarding SHOE?
Yes. Amendment No. 16 to Schedule 13G lists both J. Wayne Weaver and Delores B. Weaver as reporting persons, each a U.S. citizen, providing parallel ownership details and signing separately on July 14, 2026, for their Shoe Station Group Inc holdings.
Where are the Weavers’ principal offices for their SHOE holdings listed?
For both J. Wayne and Delores B. Weaver, the principal business office address is given as 1800 Innovation Point, 5th Floor, Fort Mill, SC 29715, which is also listed as Shoe Station Group Inc’s principal executive offices.