{"schema_version":"secwatch.filing_event.v1","accession":"0000110471-24-000005","form_type":"8-K","ticker":"WWW","cik":"0000110471","company_name":"WOLVERINE WORLD WIDE INC /DE/","filed_at":"2024-01-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.376356+00:00","generated_at":"2026-06-07T00:22:04.071897+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wolverine Worldwide sells Sperry brand to Authentic Brands and Aldo for ~$130M","bullets":["Total proceeds of ~$130M in Q1 2024: $70M from ABG for IP, ~$27M from Aldo for inventory, plus $5M contingent payment.","Sale expected to pay down debt and further strengthen balance sheet; builds on ~$250M in asset monetizations in 2023.","Company CEO calls Sperry sale 'next step in turnaround and strategic transformation'.","Aldo acquired certain inventory, assets, and retail store leases; ABG acquired all equity of Saucony subsidiaries holding Sperry IP."],"urls":{"canonical":"https://secwatch.observer/filing/0000110471-24-000005","json":"https://secwatch.observer/filing/0000110471-24-000005.json","markdown":"https://secwatch.observer/filing/0000110471-24-000005.md","text":"https://secwatch.observer/filing/0000110471-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/0000110471-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/www-20240110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T00:22:04.071897+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":"a56a3853f055daf14df32faf481ce505920b0113","claim":"WOLVERINE WORLD WIDE INC /DE/ entered into Inventory Purchase Agreement with ALDO U.S. Inc. valued at approximately $27 million, subject to a customary post-closing price adjustment, plus potential addi (effective 2024-01-10).","evidence_excerpt":"Also effective as of January 10, 2024, the Company and the Company’s wholly-owned subsidiaries Hush Puppies Retail, LLC, Stride Rite Children’s Group, LLC, Wolverine Distribution, Inc., Wolverine World Wide Canada, ULC and SR/ECOM, LLC (the Company and such subsidiaries, collectively, the “Inventory Sellers”) entered into a Purchase Agreement with ALDO U.S. Inc. (“Aldo”), an affiliate of the Aldo Group (the “Inventory Purchase Agreement” and together with the IP Purchase Agreement, the “Purchase Agreements”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/0000110471-24-000005-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"ALDO U.S. Inc."},{"label":"Value","value":"approximately $27 million, subject to a customary post-closing price adjustment, plus potential addi"},{"label":"Effective","value":"2024-01-10"}],"fact_type":"material_agreement"},{"claim_id":"adc83709c8217630ab08a2b2355c305e11af5cc1","claim":"WOLVERINE WORLD WIDE INC /DE/ entered into IP Purchase Agreement with ABG Intermediate Holdings 2 LLC valued at $70 million (effective 2024-01-10).","evidence_excerpt":"Effective as of January 10, 2024, Wolverine World Wide, Inc. (the “Company”), the Company’s wholly-owned subsidiary, Saucony, Inc. (“Saucony”), and Saucony’s wholly-owned subsidiaries, Sperry Top-Sider, LLC and SR Holdings, LLC (such Saucony subsidiaries, the “Acquired Companies”), entered into a Purchase Agreement with ABG Intermediate Holdings 2 LLC (“ABG”), an affiliate of Authentic Brands Group LLC, (the “IP Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/0000110471-24-000005-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"ABG Intermediate Holdings 2 LLC"},{"label":"Value","value":"$70 million"},{"label":"Effective","value":"2024-01-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}