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. 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.
Weyco Group (WEYS) reported insider activity by an officer (VP, President - Bogs & Rafters) on 11/11/2025. The filing shows multiple option exercises coded “M” for 1,200 shares at $18, 1,200 shares at $24, 780 shares at $28.83, and 780 shares at $25.79, and a transaction coded “F” for 2,901 shares at $32.65. Following these transactions, the insider directly owned 4,514 common shares.
Weyco Group (WEYS) executive Katherine Destinon (VP, President - Nunn Bush) reported multiple option exercises on 11/06/2025 and related tax withholding. She exercised options for 500 shares at $18, 1,200 at $24, 780 at $28.83, and 775 at $25.79 (Code M).
To cover taxes, 2,594 shares were withheld/disposed at $31.35 (Code F). Following these transactions, she beneficially owns 8,361 shares directly.
Weyco Group (WEYS) VP of Marketing Jeffrey S. Douglass reported multiple transactions on 11/06/2025. He exercised stock options to acquire 500 shares at $18, 500 shares at $24, and 1,550 shares at $25.79, then recorded a disposition of 1,945 shares at $31.35 under transaction code F.
Following these transactions, he directly owns 8,811 common shares. Remaining derivative holdings include stock options for 500 shares at $24, 2,350 shares at $25.79, 1,200 shares at $37.22, and 2,513 shares at $28.83, with vesting schedules as noted.
Weyco Group (WEYS) filed its Q3 2025 10‑Q, reporting softer results amid tariff-driven cost pressure. Net sales were $73.1 million versus $74.3 million a year ago, with gross margin at 40.7% compared to 44.3%. Operating income was $8.1 million versus $10.2 million, and net earnings were $6.6 million, or $0.69 per diluted share, versus $0.84.
Year to date, net sales were $199.4 million versus $209.8 million, and diluted EPS was $1.50 versus $2.12. Wholesale fell 2% in the quarter as price increases on July 1 helped offset volume declines; Florsheim rose 8% while BOGS fell 17%. Retail declined 4%. Management is winding down the Forsake brand, which is not expected to be material.
At quarter-end, cash and marketable securities totaled $78.5 million with no borrowings on a $40.0 million revolver. Operating cash flow was $13.2 million for the nine months. The credit line maturity was extended to September 25, 2026 at one‑month SOFR +110 bps. On November 4, 2025, the Board declared a $0.27 quarterly dividend and a $2.00 per share special dividend (about $19.0 million). Incremental tariffs were 30% on China during Q3, reduced to 20% on November 4, 2025.