{"schema_version":"secwatch.filing_event.v1","accession":"0000110471-23-000108","form_type":"8-K","ticker":"WWW","cik":"0000110471","company_name":"WOLVERINE WORLD WIDE INC /DE/","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.151328+00:00","generated_at":"2026-06-11T16:27:56.413698+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wolverine Worldwide reports Q2 revenue down 17.4%, lowers FY outlook; CEO replaced by Hufnagel","bullets":["Q2 revenue $589.1M (-17.4% YoY); diluted EPS $0.30 vs $1.53; adjusted EPS $0.19 vs $0.65","FY 2023 guidance lowered: ongoing revenue $2.26B-$2.28B, adjusted EPS $0.45-$0.55","CEO Brendan Hoffman terminated without cause effective Aug 6; replaced by Christopher Hufnagel","Gross margin fell to 38.7% from 43.0%; inventory $647.9M, down $97.3M sequentially","Net debt $930M, leverage 3.5x; plans to sell at least $50M non-core assets"],"urls":{"canonical":"https://secwatch.observer/filing/0000110471-23-000108","json":"https://secwatch.observer/filing/0000110471-23-000108.json","markdown":"https://secwatch.observer/filing/0000110471-23-000108.md","text":"https://secwatch.observer/filing/0000110471-23-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/www-20230806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T16:27:56.413698+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":"654a0df9ca20948771d71c8112bce59c6f293bbb","claim":"WOLVERINE WORLD WIDE INC /DE/ reported the second quarter ended July 1, 2023 results: revenue $589.1 million, EPS $0.30.","evidence_excerpt":"bps Adjusted Operating Margin 5.8% 11.4% (560) bps Adjusted Diluted Earnings Per Share $0.19 $0.65 (70.8)% Constant Currency Earnings Per Share $0.21 $0.65 (67.7)% Revenue of $589.1 million declined 17.4% versus the prior year and declined 17.3% on a constant currency basis. Revenue from the ongoing business was $578.2 million and declined 13.8% on a constant","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended July 1, 2023"},{"label":"Revenue","value":"$589.1 million"},{"label":"EPS","value":"$0.30"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"acd2d2cd659a1acc9d293dc8500d2ac5ea921989","claim":"WOLVERINE WORLD WIDE INC /DE/ reported full-year 2023 results: revenue $2.26 billion to $2.28 billion, EPS $0.43 to $0.53. Guidance lowered.","evidence_excerpt":"Revenue from our ongoing business is expected to be in the range of $2.26 billion to $2.28 billion, representing a decline of approximately 10.7% to 10.0% versus the prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"Revenue","value":"$2.26 billion to $2.28 billion"},{"label":"EPS","value":"$0.43 to $0.53"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"7e134ced98","claim":"Brendan Hoffman was terminated as Chief Executive Officer at WOLVERINE WORLD WIDE INC /DE/.","evidence_excerpt":"Effective as of August 6, 2023, the Board of Directors (the “Board”) of the Company terminated the employment of Brendan Hoffman as the Company’s Chief Executive Officer without Cause","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ce5a9d9508","claim":"Christopher E. Hufnagel was appointed as Director at WOLVERINE WORLD WIDE INC /DE/.","evidence_excerpt":"to serve as a director of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e80031c5eb","claim":"Christopher E. Hufnagel was appointed as President and Chief Executive Officer at WOLVERINE WORLD WIDE INC /DE/.","evidence_excerpt":"Effective as of August 6, 2023, the Board appointed Christopher E. Hufnagel as President and Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ee7644760c","claim":"Brendan Hoffman resigned as Director at WOLVERINE WORLD WIDE INC /DE/.","evidence_excerpt":"effective as of August 6, 2023, Mr. Hoffman resigned as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047123000108/0000110471-23-000108-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}