Weyco Group Board Authorizes Termination of Pension Plan Effective August 31, 2026

WEYCO GROUP INC

Board authorized termination of Weyco Group Pension Plan effective Aug 31, 2026, subject to PBGC review.
Plan was overfunded as of Dec 31, 2025; no additional cash contributions expected upon termination.
Approximately 400 participants impacted; no change in earned benefits from this action.
Board also approved termination of related Pension Trust in connection with the plan termination.
Company may revoke or change effective date but has no current intent to do so.

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