Weyco Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 1, 2026, Weyco Group, Inc. (the “Company”) entered into employment agreements with Thomas W. Florsheim, Jr., its Chairman and Chief Executive Officer, and John W. Florsheim, its President, Chief Operating Officer and Assistant Secretary (collectively, the “Florsheims”) for three-year terms, ending December 31, 2028. The agreements are consistent with each other and are renewals of the Company’s previous agreements with these executives, with minor updates. Under the employment agreements, the Florsheims agree to perform duties they currently perform and in addition, other such duties that are assigned to them from time to time by the Company’s Board of Directors. The terms of these employment agreements generally include the following:
| ● | The Company will pay the Florsheims each a base salary under their respective employment agreements, which are subject to increase by the Compensation Committee of the Company’s Board of Directors. |
| ● | The Florsheims are eligible to receive additional compensation, whether in the form of bonus or otherwise, and to participate in any present or future 401(K), profit sharing, pension or other retirement plan, insurance, sickness or disability plan, stock award plan, or other plans in which the Company provides for the benefits of its employees, in each case to the extent and in the manner approved or determined by the Company’s Board of Directors. |
| ● | The Company shall also continue to provide each of the executives with the use of an automobile. |
| ● | The Florsheims are subject to certain restrictive covenant obligations in favor of the Company, including confidentiality provisions and an agreement not to compete with the Company during the terms of their employment agreements. |
| ● | The Florsheims are entitled to receive severance benefits in the event their respective employment is terminated as a result of death or disability, or is otherwise terminated by the Company without cause or by the executive following certain circumstances described in the employment agreements. |
The foregoing descriptions of the employment agreements do not purport to be complete and are qualified in their entirety by reference to the employment agreements, copies of which are attached hereto as Exhibits 10.1 and 10.2 and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
104 – Cover Page Interactive Data File (embedded within the Inline XBRL document)
Signature
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.
Date: January 5, 2026 | WEYCO GROUP, INC. |
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| /s/ Judy Anderson |
| Judy Anderson |
| Vice President, Chief Financial Officer and Secretary |