Callodine & Morrow Disclose 4.3M-Share, 5.3% Position in WWW

Rhea-AI Filing Summary

Callodine Capital Management, LP and James S. Morrow report beneficial ownership of 4,297,586 shares of Wolverine World Wide, Inc. common stock, representing 5.30% of the outstanding shares. The filing states the shares are held for the benefit of Callodine’s investment advisory clients and that Mr. Morrow is the managing member of the general partner; both Reporting Persons disclaim beneficial ownership except for their pecuniary interest.

The filing shows shared voting and dispositive power over all reported shares (4,297,586) and zero sole voting or dispositive power. The percentage is calculated versus 81,044,051 shares outstanding as of April 21, 2025.

Positive

• Reported ownership exceeds 5%, with 4,297,586 shares representing 5.30% of outstanding common stock
• Shares are held for investment advisory clients, indicating the position is managed by a registered adviser
• Shared voting and dispositive power disclosed, providing clarity on the extent of control over the position

Negative

• None.

Insights

Securities Analyst

TL;DR: Callodine reports a 5.3% shared stake in WWW, held for advisory clients with shared voting/dispositive power.

This Schedule 13G discloses a passive, >5% ownership position in Wolverine World Wide. The position is reported as held in the ordinary course of business for advisory clients, with shared voting and dispositive authority totalling 4,297,586 shares. The filing cites the issuer's outstanding share count (81,044,051) to arrive at the 5.30% figure. As a 13G filing, it indicates non-activist, passive intent rather than an attempt to influence control.

Investment Adviser / Governance Specialist

TL;DR: Manager-level filing shows shared control of a material passive stake; governance implications are limited absent activist signals.

Mr. Morrow, as managing member, is identified as having shared voting/dispositive power on the reported shares held for clients of Callodine. The certification asserts the securities were not acquired to influence control. The disclosure is material because it crosses the 5% threshold, triggering public reporting, but no changes to board or control are indicated in this filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

WOLVERINE WORLD WIDE INC

(Name of Issuer)

Common Stock, $1 par value

(Title of Class of Securities)

978097103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 978097103

1

Names of Reporting Persons

Callodine Capital Management, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,297,586.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,297,586.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,297,586.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 978097103

1

Names of Reporting Persons

James S. Morrow

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,297,586.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,297,586.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,297,586.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WOLVERINE WORLD WIDE INC
(b)	Address of issuer's principal executive offices: 9341 COURTLAND DRIVE N.E., ROCKFORD, Michigan, 49351
Item 2.
(a)	Name of person filing: Callodine Capital Management, LP James S. Morrow Shares reported herein for Callodine Capital Management, LP ("Callodine") represent shares held for the benefit of investment advisory clients of Callodine. Shares reported herein for Mr. Morrow represent the above referenced shares reported for Callodine. Mr. Morrow is the managing member of the general partner of Callodine. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
(b)	Address or principal business office or, if none, residence: Callodine Capital Management, LP James S. Morrow c/o Callodine Capital Management, LP Two International Place, Suite 1830 Boston, MA 02110
(c)	Citizenship: Callodine Capital Management, LP - Delaware James S. Morrow - United States
(d)	Title of class of securities: Common Stock, $1 par value
(e)	CUSIP No.: 978097103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,297,586
(b)	Percent of class: 5.30 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4,297,586
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4,297,586 The percentages reported herein with respect to the Reporting Persons' holdings are calculated based upon a statement in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended on March 29, 2025, as filed with the Securities and Exchange Commission on May 8, 2025, that there were 81,044,051 shares of Common Stock, $1 par value, of the Issuer outstanding as of April 21, 2025.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Callodine Capital Management, LP

Signature:	By: Callodine Capital Management, LLC, Its General Partner, By: James S. Morrow, Managing Member
Name/Title:	/s/ James S. Morrow, Managing Member
Date:	08/14/2025

James S. Morrow

Signature:	/s/ James S. Morrow
Name/Title:	James S. Morrow
Date:	08/14/2025

Exhibit Information

Exhibit 99.1 - Joint Filing Statement

FAQ

What stake in Wolverine World Wide (WWW) does Callodine Capital report?

Callodine reports beneficial ownership of 4,297,586 shares, equal to 5.30% of outstanding common stock.

Who is the individual named in the filing and what is his role?

The filing names James S. Morrow, identified as the managing member of Callodine's general partner and reporting shared power over the shares.

Are the reported shares held personally or for clients?

The shares are reported as held for the benefit of Callodine’s investment advisory clients; the reporting persons disclaim direct beneficial ownership beyond pecuniary interest.

How much voting power does the filer have over the shares?

The filing shows 0 sole voting power and 4,297,586 shared voting power for the reported shares.

What share count was used to calculate the 5.30% figure?

The percentage is calculated using 81,044,051 shares outstanding as of April 21, 2025, per the issuer's quarterly report.