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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
8-K Event Classification
Key Figures
Key Terms
general release of claims legal
restrictive covenants legal
health care continuation benefits legal
Amended and Restated Executive Short-Term Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What severance does WWW's agreement with Susie Kuhn provide?
How is Susie Kuhn's 2026 bonus calculated under the WWW agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.