Weyco Group Inc. 2025年度报告

WEYCO GROUP,INC. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d)of the Act. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (Section232.405 of this chapter) during the preceding 12months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant as of the close of business onJune30, 2025, was $205,790,000. This was based on the closing price of $33.16 per share as reported by Nasdaq on June30, 2025, the As of March1, 2026, there were 9,531,509 shares of common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive Proxy Statement for the Annual Meeting of Shareholders scheduled for May5, 2026, are incorporated byreference in PartIII of this report. WEYCO GROUP,INC.Table of Contents to Annual Report on Form10-K CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION PART I. ITEM1.BUSINESSITEM1A. RISK FACTORSITEM1B. UNRESOLVED STAFF COMMENTSITEM 1C. CYBERSECURITYITEM2.PROPERTIESITEM3.LEGAL PROCEEDINGSITEM4.MINE SAFETY DISCLOSURESINFORMATION ABOUT EXECUTIVE OFFICERS PART II. PART III. ITEM10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE ITEM11.EXECUTIVE COMPENSATION ITEM12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT PART IV. Table of Contents CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION This report contains certain forward-looking statements within the meaning of the “safe harbor” provisions of thePrivate Securities Litigation Reform Act of 1995.These statements represent our good faith judgment with respect tofuture events and are subject to risks and uncertainties that could cause actual results to differ materially. Suchstatements can be identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,”“intends,” “likely,” “plans,” “predicts,” “projects,” “should,” “will,” or variations of such words, and similarexpressions. Forward-looking statements, by their nature, address matters that are, to varying degrees, uncertain.Therefore, the reader is cautioned that these forward-looking statements are subject to a number of risks, uncertainties Table of Contents PART1 ITEM 1BUSINESS The Company is a Wisconsin corporation incorporated in the year 1906 as Weyenberg Shoe Manufacturing Company.Effective April 25, 1990, the name of the corporation was changed to Weyco Group, Inc. Weyco Group, Inc., and its subsidiaries (collectively, “we,” “our,” “us,” and the “Company”) designs, markets, anddistributes quality and innovative footwear principally for men, but also for women and children, under a portfolio ofwell-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, and BOGS. Trademarks we maintain onour brands are important to our business. Our products consist primarily of mid-priced leather dress shoes, casual We purchase finished