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Wolverine World Wide grants Kuhn a year's base pay

Competition restrictions run through October 31, 2027, while limits on soliciting or hiring employees and soliciting customers run through September 21, 2027.

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Form Type
8-K

Rhea-AI Filing Summary

Wolverine World Wide, Inc. and Susie Kuhn, its former President, Active Group, entered a Separation and Release Agreement effective October 31, 2026, after she ceased serving in that role on September 21, 2026. The agreement provides cash severance equal to one year of base salary, paid in equal installments on the company’s regular bi-weekly payroll schedule, plus certain health care continuation benefits. It also provides a cash payment equal to the fiscal 2026 bonus she would have been eligible to receive under the Amended and Restated Executive Short-Term Incentive Plan, based on actual company performance and prorated for her service; payment, if any, is due on or after active employees receive bonuses. The agreement includes a general release of claims in favor of the company and restricts competition through October 31, 2027; restrictions on soliciting or hiring employees and soliciting customers run through September 21, 2027. The complete agreement will be filed as an exhibit to the company’s Form 10-Q for the period ending October 3, 2026.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Severance basis One year of base salary Cash severance, paid in equal installments on the company's regular bi-weekly payroll schedule
Agreement effective date October 31, 2026 Effective date of the Separation and Release Agreement
Departure date September 21, 2026 Date Susie Kuhn ceased serving as President, Active Group
Competition restriction end October 31, 2027 Restriction on competing with the company
Solicitation restriction end September 21, 2027 Restrictions on soliciting or hiring employees and soliciting customers
general release of claims legal
"a general release of claims in favor of the Company"
restrictive covenants legal
"restrictive covenants including, among others"
Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.
health care continuation benefits legal
"certain health care continuation benefits"
Amended and Restated Executive Short-Term Incentive Plan financial
"Company’s Amended and Restated Executive Short-Term Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What severance does WWW's agreement with Susie Kuhn provide?

The agreement provides cash severance equal to one year of base salary, paid in equal installments on the company’s regular bi-weekly payroll schedule. It also provides certain health care continuation benefits.

How is Susie Kuhn's 2026 bonus calculated under the WWW agreement?

Any fiscal 2026 bonus payment is based on the amount she would have been eligible to receive under the company’s Amended and Restated Executive Short-Term Incentive Plan, using actual company performance and prorating for her service during the fiscal year. Payment, if any, is due on or after bonuses are paid to active employees.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WOLVERINE WORLD WIDE INC /DE/10/31/20260000110471falseOctober 31, 202600001104712026-10-312026-10-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________
FORM 8-K
________________________________________________
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): November 3, 2026 (October 31, 2026)
________________________________________________  
WOLVERINE WORLD WIDE, INC.
(Exact name of registrant as specified in its charter)
 
Delaware001-0602438-1185150
(State or other jurisdiction of
incorporation)
(Commission File Number)(IRS Employer
Identification No.)
9341 Courtland Drive N.E.,Rockford,Michigan49351
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (616) 866-5500
________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of each exchange on which registered
Common Stock, $1 Par ValueWWWNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ 


Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed in the Current Report on Form 8-K filed by Wolverine World Wide, Inc. (the “Company”) with the Securities and Exchange Commission on September 21, 2026, Susie Kuhn ceased serving as the Company’s President, Active Group, on September 21, 2026.

In connection therewith, the Company and Ms. Kuhn entered into a Separation and Release Agreement (the “Agreement”), effective as of October 31, 2026, providing for (i) a general release of claims in favor of the Company; (ii) cash severance payments to Ms. Kuhn in an amount equal to one year of her base salary, paid in equal installments on the Company’s regular bi-weekly payroll schedule, (iii) restrictive covenants including, among others, restrictions on her ability to compete with the Company through October 31, 2027 and on her ability to solicit and hire the Company’s employees and solicit the Company’s customers, in each case, through September 21, 2027, (iv) certain health care continuation benefits and (v) a cash payment equal to the bonus Ms. Kuhn would have been eligible to receive for fiscal year 2026 under the Company’s Amended and Restated Executive Short-Term Incentive Plan based on the Company’s actual performance during such year, prorated based on the amount of Ms. Kuhn’s service during such fiscal year and payable, if at all, on or after the time bonuses are paid to active employees.

The foregoing description of the terms of the Agreement is not complete and is qualified in its entirety by reference to the complete text of the Agreement, a copy of which will be filed as an exhibit to the Company’s quarterly report on Form 10-Q for the period ending October 3, 2026.
2


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 3, 2026
WOLVERINE WORLD WIDE, INC.
(Registrant)
/s/ David A. Latchana
David A. Latchana
Chief Legal Officer and Corporate Secretary


3

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3 documents

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