{"schema_version":"secwatch.filing_event.v1","accession":"0000110471-22-000086","form_type":"8-K","ticker":"WWW","cik":"0000110471","company_name":"WOLVERINE WORLD WIDE INC /DE/","filed_at":"2022-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.626203+00:00","generated_at":"2026-06-21T07:16:29.127134+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wolverine World Wide to explore divestiture or licensing of Keds and Wolverine Leathers; targets $65M in cost savings","bullets":["Formal process to divest or license low-profit Keds brand and Wolverine Leathers business announced.","Workforce reduction initiated; expects $30M in savings from that, plus $20M from supply chain, $45M from org synergies (total ~$65M in 2023).","New $175M receivables securitization closed Dec 7 to accelerate cash flow and reduce debt.","Revenue through two months of Q4 in line with expectations; full update at ICR Conference on Jan 10, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000110471-22-000086","json":"https://secwatch.observer/filing/0000110471-22-000086.json","markdown":"https://secwatch.observer/filing/0000110471-22-000086.md","text":"https://secwatch.observer/filing/0000110471-22-000086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/110471/000011047122000086/0000110471-22-000086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/110471/000011047122000086/www-20221207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T07:16:29.127134+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03e54bf4d3a6cc0d104237b3e1be7e09b0eba694","claim":"WOLVERINE WORLD WIDE INC /DE/ entered into Receivables Facility with Rockford ARS, LLC and Wells Fargo Bank, N.A. valued at $175 million (effective 2022-12-07).","evidence_excerpt":"On December 7, 2022 Saucony, Inc., Wolverine Outdoors, Inc. and Wolverine World Wide Canada ULC (collectively, the “Sellers”) entered into a receivables facility of $175 million (the “Receivables Facility”), under which the Sellers will sell receivables to Rockford ARS, LLC, a Delaware limited liability company (the “Buyer”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047122000086/0000110471-22-000086-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Rockford ARS, LLC and Wells Fargo Bank, N.A."},{"label":"Value","value":"$175 million"},{"label":"Effective","value":"2022-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}