8-KThe WireRoutine
Company Update
Filed May 21, 2020 · 6y ago · Accession 0001104659-20-064769
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May
15, 2020
WEYCO GROUP, INC.
(Exact name of registrant as specified in
its charter)
Wisconsin
0-9068
39-0702200
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
333 W. Estabrook Blvd.
P. O. Box 1188
Milwaukee, WI
53201
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (414) 908-1600
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock - $1.00 par value per share
WEYS
The Nasdaq Stock Market
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act
of 1934.
Emerging
growth company ¨
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events
The following information
is being filed under Item 8.01 of Form 8-K:
On May 15, 2020, J.C. Penney Company,
Inc. and affiliated entities (“JCP”) filed for bankruptcy protection under Chapter 11 of U.S. Bankruptcy Code. Weyco
Group, Inc. (the “Company”) has an outstanding receivable balance with JCP totaling approximately $3.3 million. While
the ultimate resolution of the bankruptcy proceedings and collectability of the receivable are not known at this time, it is likely
the Company will incur a loss with respect to all or a significant portion of the receivable.
Forward-Looking Statements
This report contains certain
forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Various factors could cause the results of Weyco Group to be materially different from any future results expressed
or implied by such forward-looking statements, including, but not limited to, the ultimate outcome of JCP’s bankruptcy proceedings.
Weyco Group undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information,
future events, or otherwise.
* * * * *
Signature
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 21, 2020
WEYCO GROUP, INC.
/s/ John Wittkowske
John Wittkowske
Senior Vice President/CFO
Filing details
- Company
- WEYCO GROUP INC
- Ticker
- WEYS
- CIK
- 106532
- Form type
- 8-K
- Filing date
- May 21, 2020
- Report date
- May 15, 2020
- Document
- tm2020604d1_8k.htm
- Size
- 19 KB