WEYS 8-K
Weyco Group Inc (WEYS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Item 1.01 Entry into a Material Definitive Agreement.
The information set forth in Item 2.03 of this Current Report on Form 8-K is incorporated by reference in its entirety into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation.
On September 26, 2025, Weyco Group, Inc. (the “Company”) entered into the Fifth Amendment to Credit Agreement (“Fifth Amendment”) amending its revolving credit facility dated as of November 4, 2020, with Associated Bank, National Association (as amended to date, the “Amended Credit Agreement”). The Fifth Amendment extends the maturity of the revolving credit facility to September 25, 2026, and reduces the interest rate margin applicable to amounts outstanding by 15 basis points. There are no other amendments to the Amended Credit Agreement pursuant to the Fifth Amendment. Under the terms of the Amended Credit Agreement, there is a maximum available borrowing limit of $40.0 million and amounts outstanding bear interest at the one-month term secured overnight financing rate (“SOFR”) plus 110 basis points. The Amended Credit Agreement is secured by a security interest in Company’s general business assets, and contains customary representations, warranties, and covenants (including a minimum tangible net worth financial covenant) for a facility of this type. The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the Fifth Amendment to Credit Agreement dated September 26, 2025, which is filed as Exhibit 10.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 - Fifth Amendment to Credit Agreement, dated as of September 26, 2025
104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: October 1, 2025 | WEYCO GROUP, INC. |
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| /s/ Judy Anderson |
| Judy Anderson |
| Vice President, Chief Financial Officer and Secretary |
EXECUTION VERSION Exhibit 10.1
FIFTH AMENDMENT TO CREDIT AGREEMENT
THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of September 26, 2025, amends the Credit Agreement dated as of November 4, 2020 (as amended to date and hereby, and as the same may be amended from time to time, the “Credit Agreement”), by and between WEYCO GROUP, INC. (the “Borrower”) and ASSOCIATED BANK, NATIONAL ASSOCIATION (the “Bank”).
“Applicable Margin” means 1.10% per annum.
“Termination Date” means the earlier to occur of (a) September 25, 2026, or (b) such other date on which the Commitments terminate pursuant to Section 6 or 13.
QB\97952337.3
[Signature pages follow]
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QB\97952337.3
IN WITNESS WHEREOF, the parties hereto have executed this Fifth Amendment to Credit Agreement as of the date set forth above.
WEYCO GROUP, INC.
By:/s/ Judy Anderson
Name:Judy Anderson
Title:Chief Financial Officer
ASSOCIATED BANK, NATIONAL ASSOCIATION
By:/s/ Daniel Holzhauer
Name: Daniel Holzhauer
Title:Senior Vice President
Signature Page to Fifth Amendment to Credit Agreement