8-KThe WireRed Alert
Executive Change
Filed Apr 16, 2020 · 6y ago · Accession 0000110471-20-000019
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): April 10, 2020
________________________________________________
WOLVERINE WORLD WIDE, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-06024
38-1185150
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
9341 Courtland Drive N.E.
,
Rockford
,
Michigan
49351
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (616) 866-5500
________________________________________________
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 (see General Instruction A.2. below):
☐
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 Par Value
WWW
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 10, 2020, the Company and Todd W Spaletto mutually agreed that he would resign as the Company’s President, Michigan Group, with an anticipated effective date on or before May 30, 2020. His departure is not based on any disagreement with the Company relating to its operations, policies or practices.
In connection with Mr. Spaletto’s departure, the Company entered into a separation agreement (the “Separation Agreement”) with Mr. Spaletto on April 15, 2020, providing for (i) a release of claims against the Company, (ii) cash severance payments to Mr. Spaletto in an amount equal to eighteen weeks of his base salary, paid in equal installments on the Company’s regular bi-weekly payroll schedule, (iii) restrictions on solicitation and hiring of the Company’s employees until May 31, 2022 and (iv) certain health care continuation benefits.
The foregoing description of the terms of the Separation Agreement is not complete and is qualified in its entirety by reference to the complete text of the Separation Agreement, a copy of which will be filed as an exhibit to the Company’s Annual Report on Form 10-Q for the quarter ended March 28, 2020.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits:
104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).
2
SIGNATURES
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.
Dated: April 16, 2020
WOLVERINE WORLD WIDE, INC.
(Registrant)
/s/ Michael D. Stornant
Michael D. Stornant
Senior Vice President, Chief Financial Officer and Treasurer
3
Filing details
- Ticker
- WWW
- CIK
- 110471
- Form type
- 8-K
- Filing date
- Apr 16, 2020
- Report date
- Apr 10, 2020
- Document
- form8-k2020x04x10.htm
- Size
- 189 KB