Weyco Group Inc 8-K, filed Mar 12, 2025
Weyco Group Inc (WEYS)
About this 8-K
Weyco Group Inc filed this 8-K on March 12, 2025, reporting on events of March 4, 2025.
Items reported
- Item 3.01: Delisting notice or listing transfer
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Failure to Satisfy a Continued Listing Rule or Standard
On March 3, 2025, Weyco Group, Inc. (the “Company”) notified The Nasdaq Stock Market LLC (“Nasdaq”) that, because of the resignation of Mr. Robert Feitler from the Company’s Board of Directors (the “Board”) effective February 28, 2025, as disclosed in Item 5.02 of Form 8-K filed on March 5, 2025, the Company no longer complied with Nasdaq Listing Rule 5605(b)(1), which requires that a majority of the Board be composed of independent directors.
On March 4, 2025, the Company received a notification from Nasdaq confirming that, for the reason described above, the Company no longer complies with the Nasdaq’s independent director requirement contained in Nasdaq Listing Rule 5605. As set forth in such notification, Nasdaq advised the Company that, consistent with Nasdaq Listing Rules, a cure period will be provided to the Company to regain compliance. The Company will have until the earlier of the Company’s next annual shareholders meeting or February 28, 2026; or, if the next annual shareholders meeting is held before August 27, 2025, then the Company must evidence compliance no later than August 27, 2025.
The Company is working diligently to cure this non-compliance and is actively searching for candidates to fill the vacancy on the Board. However, there can be no assurance that the Company will successfully regain compliance with these continued listing requirements within the applicable cure period.
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: March 12, 2025 | WEYCO GROUP, INC. |
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| /s/ Judy Anderson |
| Judy Anderson |
| Vice President, Chief Financial Officer and Secretary |