{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012088","form_type":"8-K","ticker":"RCKY","cik":"0000895456","company_name":"ROCKY BRANDS, INC.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.704060+00:00","generated_at":"2026-06-16T04:24:47.825570+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Rocky Brands Q1 net sales down 33.9% to $110.4M; net loss $0.4M; SVP resigns","bullets":["Net sales fell 33.9% YoY to $110.4M; wholesale down 40.2%, retail up 3.1%.","Net loss of $0.4M ($0.05 diluted loss); adjusted net loss $0.8M ($0.12 loss).","Gross margin improved 200 bps to 39.6%; operating income $4.2M ($4.9M adjusted).","SVP Richard Simms resigned effective April 27; separation treated as termination without cause.","Total debt down 17.9% YoY to $219.8M; inventories down 22.5% to $224.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012088","json":"https://secwatch.observer/filing/0001437749-23-012088.json","markdown":"https://secwatch.observer/filing/0001437749-23-012088.md","text":"https://secwatch.observer/filing/0001437749-23-012088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/rcky20230329_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:24:47.825570+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":"07020ffecf0944f0f68b7ac33a37c5f8c6dc05f2","claim":"ROCKY BRANDS, INC. reported first quarter ended March 31, 2023 results: revenue $110.4 million, net income $0.4 million, EPS $(0.05) per diluted share.","evidence_excerpt":"Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its first quarter ended March 31, 2023. First Quarter 2023 Overview ● Net sales decreased 33.9% to $110.4 million ● Wholesale segment sales decreased 40.2% ● Retail segment revenue increased 3.1% ● Gross margin increased 200 basis points to 39.6% ● Operating income was $4.2 million, or $4.9 million on an adjusted basis ● Net loss was $0.4 million, or $(0.05) per diluted share ● Inventories decreased 22.5% year-over-year ● Total debt at March 31, 2023 was down 17.9% compared with March 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$110.4 million"},{"label":"Net income","value":"$0.4 million"},{"label":"EPS","value":"$(0.05) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e7b673817a","claim":"Richard A. Simms resigned as Senior Vice President of IT, Customer Service and Operational Excellence at ROCKY BRANDS, INC..","evidence_excerpt":"On April 27, 2023, Richard A. Simms resigned from his position with the Company as Senior Vice President of IT, Customer Service and Operational Excellence, effective April 27, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Senior Vice President of IT, Customer Service and Operational Excellence"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}