{"schema_version":"secwatch.filing_event.v1","accession":"0000110471-23-000015","form_type":"8-K","ticker":"WWW","cik":"0000110471","company_name":"WOLVERINE WORLD WIDE INC /DE/","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.879675+00:00","generated_at":"2026-06-19T21:26:17.190700+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wolverine Worldwide sells Keds brand for $83.6M, licenses Hush Puppies to Designer Brands","bullets":["Sale of Keds closed Feb 4, 2023 for ~$83.6M cash, subject to customary post-closing adjustments.","Plans to grant exclusive license for Hush Puppies footwear in US and Canada to DBI, effective July 1, 2023.","Combined transactions expected to generate over $90M cash, including working capital monetization.","Proceeds will be used to pay down debt and strengthen capital structure.","Evaluation of strategic alternatives for Wolverine Leathers business is ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0000110471-23-000015","json":"https://secwatch.observer/filing/0000110471-23-000015.json","markdown":"https://secwatch.observer/filing/0000110471-23-000015.md","text":"https://secwatch.observer/filing/0000110471-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000015/0000110471-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000015/www-20230207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:26:17.190700+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":"513462671407d5fc5429c5fd1279ec397ba85500","claim":"WOLVERINE WORLD WIDE INC /DE/ entered into Asset Purchase Agreement with Designer Brands, Inc. valued at approximately $83.6 million (effective 2023-02-07).","evidence_excerpt":"On February 7, 2023 Wolverine World Wide, Inc., a Delaware corporation, and certain of its subsidiaries, including Keds, LLC, a Massachusetts limited liability company, SR Holdings, LLC, a Delaware limited liability company, Wolverine Outdoors, Inc., a Michigan corporation, and Wolverine Distribution, Inc., a Delaware corporation (collectively, the “Sellers”) entered into an asset purchase agreement (the “Asset Purchase Agreement”), with Designer Brands, Inc., an Ohio Corporation (the “Buyer”) pursuant to which the Buyer agreed to purchase the global Keds business, other than the Excluded Assets (as defined in the Asset Purchase Agreement), and to assume certain related liabilities.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000015/0000110471-23-000015-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Designer Brands, Inc."},{"label":"Value","value":"approximately $83.6 million"},{"label":"Effective","value":"2023-02-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}