secwatch / observer

WOLVERINE WORLD WIDE INC /DE/ — fact timeline

Source-grounded facts extracted from WOLVERINE WORLD WIDE INC /DE/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

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Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders rejected Shareholder Proposal Regarding New Climate Change Policies or Practices at the 2026-05-07 meeting.

“Proposal 4: Shareholder Proposal Regarding New Climate Change Policies or Practices The shareholders rejected the shareholder proposal regarding new climate change policies or practices. The following sets forth the results of the voting with respect to this proposal: For Against Abstentions Broker Non-Votes 7,440,753 62,995,443 1,262,366 5,300,474”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Ratification of the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2026 at the 2026-05-07 meeting.

“Proposal 3: Ratification of the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2026 The shareholders ratified the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2026. The following sets forth the results of the voting with respect to this proposal: For Against Abstentions 74,640,247 2,194,145 164,644 The proposal to ratify the appointment of Ernst & Young LLP was a routine matter and, therefore, there were no broker non-votes relating to this matter.”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Advisory Resolution to Approve Executive Compensation at the 2026-05-07 meeting.

“Proposal 2: Advisory Resolution to Approve Executive Compensation The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers disclosed in the Compensation Discussion and Analysis, the Summary Compensation Table, and the related compensation tables, notes, and narrative in the Proxy Statement for the Annual Meeting. The following sets forth the results of the voting with respect to this proposal: For Against Abstentions Broker Non-Votes 69,069,775 2,434,949 193,838 5,300,474”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Election of Directors for Terms Expiring in 2029 at the 2026-05-07 meeting.

“Proposal 1: Election of Directors for Terms Expiring in 2029 The shareholders elected four candidates nominated by the Board of Directors to serve as directors of the Company for three-year terms expiring at the annual meeting of shareholders to be held in 2029 or until their respective successors, if any, have been elected and qualified. The following sets forth the results of the voting with respect to each candidate: Candidate For Against Abstentions Broker Non-Votes Cheryl Abel-Hodges 71,313,385 223,705 161,472 5,300,474 William K. Gerber 69,438,539 2,098,329 161,694 5,300,474 Nicholas T. Long 68,914,931 2,622,294 161,337 5,300,474 Kathleen Wilson-Thompson 70,393,564 1,131,725 173,273 5,300,474”

Isabel Soriano departed as President, International Group at WOLVERINE WORLD WIDE INC /DE/.

“Effective as of March 3, 2025, Wolverine World Wide, Inc. (the “Company”) and Isabel Soriano agreed that her employment as the Company’s President, International Group would end on March 3, 2026 (the “Termination Date”), due to the elimination of Ms. Soriano’s position.”

Jodi Bricker departed as Director at WOLVERINE WORLD WIDE INC /DE/.

“On January 21, 2025, Jodi Bricker notified the Board of Directors (the “Board”) of Wolverine World Wide, Inc. (the “Company”) of her intention not to stand for re-election as a director of the Company when her term expires at the Company’s upcoming 2025 Annual Meeting of Shareholders.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported Full year 2024 results: revenue Revenue from our ongoing business is now expected to be approximately $1.68 billion to $1.73 billion, EPS diluted earnings per share are expected to be between $0.43 and $0.63. Guidance reaffirmed.

“by the progress we have made in such a short time frame.” Full year 2024 outlook is as follows: • Revenue from our ongoing business is now expected to be approximately $1.68 billion to $1.73 billion, which is adjusted for the new licensing model recently announced on May 1 for our Merrell and Saucony kids business. This range represents a decline compared to”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported first quarter ended March 30, 2024 results: revenue Total Revenue $394.9, EPS Diluted Earnings Per Share ($0.19).

“Change Reported Segment Revenue Results: Active Group $289.8 $385.9 (24.9)% (25.6)% Work Group $90.1 $114.5 (21.3)% (21.7)% Other $15.0 $99.0 (84.8)% (84.8)% Total Revenue $394.9 $599.4 (34.1)% (34.6)% Ongoing Total Revenue $390.8 $517.5 (24.5)% (25.1)% Supplemental Revenue Information Merrell $133.0 $180.3 (26.2)% (26.6)% Saucony $100.1 $132.6 (24.5)%”

Taryn Miller was appointed as Chief Financial Officer at WOLVERINE WORLD WIDE INC /DE/.

“The Company’s Board of Directors (the “Board”) has appointed Taryn Miller to serve as the Company’s new Chief Financial Officer, effective May 9, 2024.”

Michael D. Stornant changed role as Chief Financial Officer at WOLVERINE WORLD WIDE INC /DE/.

“Michael D. Stornant notified Wolverine World Wide, Inc. (the “Company”) of his intention to retire, and, effective May 8, 2024 (the “Transition Date”), Mr. Stornant will step down as Chief Financial Officer of the Company but will remain employed for a period of time to assist with the smooth transition of his duties.”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Approval of Stock Incentive Plan of 2024 at the 2024-05-02 meeting.

“Proposal 4: Approval of Stock Incentive Plan of 2024 The shareholders approved the Wolverine World Wide, Inc. Stock Incentive Plan of 2024.”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-02 meeting.

“Proposal 3: Ratification of Appointment of Independent Registered Public Accounting Firm The shareholders ratified the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2024.”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Advisory Resolution to Approve Executive Compensation at the 2024-05-02 meeting.

“Proposal 2: Advisory Resolution to Approve Executive Compensation The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers disclosed in the Compensation Discussion and Analysis, the Summary Compensation Table, and the related compensation tables, notes, and narrative in the Proxy Statement for the Annual Meeting.”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Election of Directors for Terms Expiring in 2027 at the 2024-05-02 meeting.

“Proposal 1: Election of Directors for Terms Expiring in 2027 The shareholders elected three candidates nominated by the Board of Directors to serve as directors of the Company for three-year terms expiring at the annual meeting of shareholders to be held in 2027 or until their respective successors, if any, have been elected and qualified.”

David T. Kollat retired as director at WOLVERINE WORLD WIDE INC /DE/.

“On May 1, 2024, David T. Kollat notified the Board of Directors (the “Board”) of Wolverine World Wide, Inc. (the “Company”) of his intention to retire as a director of the Company effective upon the completion of his current term at the Company’s 2025 Annual Meeting of Shareholders.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported 2023 fiscal year ended December 30, 2023 results: EPS $(0.51).

“On February 21, 2024, Wolverine World Wide, Inc. (the “Company”) issued a press release and posted an investor presentation to its website, www.wolverineworldwide.com, announcing its financial results for the Company’s fourth quarter of 2023 and its 2023 fiscal year ended December 30, 2023.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported fourth quarter of 2023 ended December 30, 2023 results: EPS ($1.15).

“On February 21, 2024, Wolverine World Wide, Inc. (the “Company”) issued a press release and posted an investor presentation to its website, www.wolverineworldwide.com, announcing its financial results for the Company’s fourth quarter of 2023 and its 2023 fiscal year ended December 30, 2023.”
Material Agreements

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).

“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”).”
Material Agreements

WOLVERINE WORLD WIDE INC /DE/ entered into IP Purchase Agreement with ABG Intermediate Holdings 2 LLC valued at $70 million (effective 2024-01-10).

“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”).”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported fiscal year 2023 results: revenue approximately $2.24 billion. Guidance reaffirmed.

“The Company expects the following preliminary and unaudited financial results for its ongoing business as of December 30, 2023: • Full year and fourth quarter reported revenue of approximately $2.24 billion and $527 million, respectively - in line with November guidance.”

Bishu Jayaram was appointed as Chief Supply Chain Officer at WOLVERINE WORLD WIDE INC /DE/.

“Mr. Zwiers’ duties have been distributed throughout the organization, including to Bishu Jayaram, who has been promoted to serve as the Company’s Chief Supply Chain Officer.”

Jim Zwiers departed as Executive Vice President, President of Global Operations Group at WOLVERINE WORLD WIDE INC /DE/.

“Effective as of December 19, 2023, Wolverine World Wide, Inc. (the “Company”) and Jim Zwiers agreed that his employment as the Company’s Executive Vice President, President of Global Operations Group, would end on May 31, 2024, due to the elimination of Mr. Zwiers’ position.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported financial results for third quarter ended September 30, 2023.

“On November 9, 2023, Wolverine World Wide, Inc. (the “Company”) issued a press release announcing its financial results for the Company’s third quarter of 2023”
Earnings Releases

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.

“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”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported the second quarter ended July 1, 2023 results: revenue $589.1 million, EPS $0.30.

“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”

Christopher E. Hufnagel was appointed as Director at WOLVERINE WORLD WIDE INC /DE/.

“to serve as a director of the Company”

Christopher E. Hufnagel was appointed as President and Chief Executive Officer at WOLVERINE WORLD WIDE INC /DE/.

“Effective as of August 6, 2023, the Board appointed Christopher E. Hufnagel as President and Chief Executive Officer”

Brendan Hoffman resigned as Director at WOLVERINE WORLD WIDE INC /DE/.

“effective as of August 6, 2023, Mr. Hoffman resigned as a director of the Company.”

Brendan Hoffman was terminated as Chief Executive Officer at WOLVERINE WORLD WIDE INC /DE/.

“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”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Say-on-pay frequency vote at the 2023-05-03 meeting.

“a majority of votes at the 2023 Annual Meeting were cast in favor of conducting "say on pay" votes on an annual basis”
Material Agreements

WOLVERINE WORLD WIDE INC /DE/ amended Fourth Amendment with JP Morgan Chase Bank, N.A., as administrative agent and as a lender, and the other lenders party thereto (effective 2023-06-30).

“On June 30, 2023, Wolverine World Wide, Inc. (the “Company”) entered into the Fourth Amendment (the “Amendment”) to its Credit Agreement, dated as of July 31, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company, as parent borrower, the additional borrowers party thereto, the guarantors party thereto, JP Morgan Chase Bank, N.A., as administrative agent and as a lender, and the other lenders party thereto.”

Christopher E. Hufnagel was appointed as President at WOLVERINE WORLD WIDE INC /DE/.

“On May 31, 2023, Wolverine World Wide, Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) appointed Christopher E. Hufnagel as the Company’s President, effective as of June 4, 2023.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported first quarter ended April 1, 2023 results: revenue $599.4 million, EPS $0.23. Guidance reaffirmed.

“bps Adjusted Operating Margin 5.1% 8.2% (310) bps Adjusted Diluted Earnings Per Share $0.09 $0.38 (76.3)% Constant Currency Earnings Per Share $0.12 $0.38 (68.4)% Revenue of $599.4 million declined 2.5% versus the prior year and declined 0.5% on a constant currency basis. Revenue from the ongoing business was $580.4 million representing constant currency growth of”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Approval of Amended and Restated Stock Plan of 2016 at the 2023-05-03 meeting.

“Proposal 5:Approval of Amended and Restated Stock Plan of 2016 The shareholders approved the Wolverine World Wide, Inc. Stock Incentive Plan of 2016, as amended and restated. The following sets forth the results of the voting with respect to this proposal: For Against Abstentions Broker Non-Votes 64,922,544 3,485,461 68,690 6,324,841”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-05-03 meeting.

“Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm The shareholders ratified the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2023. The following sets forth the results of the voting with respect to this proposal: For Against Abstentions 70,970,629 3,784,949 45,958”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Advisory Resolution Approving the Frequency of Future Advisory Votes to Approve Executive Compensation at the 2023-05-03 meeting.

“Proposal 3: Advisory Resolution Approving the Frequency of Future Advisory Votes to Approve Executive Compensation The shareholders approved, on an advisory basis, the proposal to conduct future advisory votes on the compensation of the Company’s named executive officers once every year. The following sets forth the results of the voting with respect to this proposal: Shares Voted One Year Two Years Three Years Abstentions Broker Non-Voters 65,032,301 75,405 3,321,536 47,453 6,324,841”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Advisory Resolution to Approve Executive Compensation at the 2023-05-03 meeting.

“Proposal 2: Advisory Resolution to Approve Executive Compensation The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers disclosed in the Compensation Discussion and Analysis, the Summary Compensation Table, and the related compensation tables, notes, and narrative in the Proxy Statement for the Annual Meeting. The following sets forth the results of the voting with respect to this proposal: For Against Abstentions Broker Non-Votes 67,207,216 1,177,370 92,109 6,324,841”
Shareholder Votes

WOLVERINE WORLD WIDE INC /DE/ shareholders approved Election of Directors for Terms Expiring in 2026 at the 2023-05-03 meeting.

“Proposal 1: Election of Directors for Terms Expiring in 2026 The shareholders elected three candidates nominated by the Board of Directors to serve as directors of the Company for three-year terms expiring at the annual meeting of shareholders to be held in 2026 or until their respective successors, if any, have been elected and qualified. The following sets forth the results of the voting with respect to each candidate: Candidate For Against Abstentions Broker Non-Votes William K. Gerber 65,459,826 2,988,291 28,578 6,324,841 Nicholas T. Long 65,254,692 3,192,816 29,187 6,324,841 Kathleen Wilson-Thompson 63,308,064 5,139,846 28,785 6,324,841”

David W. McCreight departed as director at WOLVERINE WORLD WIDE INC /DE/.

“David W. McCreight notified the Board of his intention to resign as a director of the Company, effective as of May 4, 2023.”

Nicholas T. Long changed role as Chairman of the Board at WOLVERINE WORLD WIDE INC /DE/.

“the Board approved the transition of Nicholas T. Long from the position of Lead Independent Director to the position of Chairman of the Board, effective as of May 4, 2023.”

Blake W. Krueger departed as Chairman of the Board at WOLVERINE WORLD WIDE INC /DE/.

“Blake W. Krueger, Chairman of the Board, notified the Board of his intention to retire as a director of the Company, effective as of May 4, 2023.”

DeMonty Price was appointed as member of the Board at WOLVERINE WORLD WIDE INC /DE/.

“appointed Stacia Anderson, Jodi Bricker and DeMonty Price as members of the Board, effective March 14, 2023.”

Jodi Bricker was appointed as member of the Board at WOLVERINE WORLD WIDE INC /DE/.

“appointed Stacia Anderson, Jodi Bricker and DeMonty Price as members of the Board, effective March 14, 2023.”

Stacia Anderson was appointed as member of the Board at WOLVERINE WORLD WIDE INC /DE/.

“appointed Stacia Anderson, Jodi Bricker and DeMonty Price as members of the Board, effective March 14, 2023.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ updated its full-year 2023 guidance (initiated).

“We expect to grow 2023 revenue from our ongoing business by approximately 0% to 2.0%”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported the fiscal year ended December 31, 2022 results: revenue $2,684.8 million, EPS ($2.37).

“Revenue of $2,684.8 million represents growth of 11.2% versus the prior year”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported the fourth quarter ended December 31, 2022 results: revenue $665.0 million, EPS ($4.59).

“Revenue of $665.0 million represents growth of 4.6% versus the prior year”
Material Agreements

WOLVERINE WORLD WIDE INC /DE/ entered into Asset Purchase Agreement with Designer Brands, Inc. valued at approximately $83.6 million (effective 2023-02-07).

“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.”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported fourth quarter fiscal 2022 results: revenue $665 million.

“Fourth quarter revenue of approximately $665 million”
Earnings Releases

WOLVERINE WORLD WIDE INC /DE/ reported fiscal 2022 results: revenue $2.685 billion.

“Fiscal 2022 full-year revenue of $2.685 billion”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.