WOLVERINE WORLD WIDE INC /DE/12/6/20240000110471falseDecember 6, 202400001104712024-12-062024-12-06

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): December 12, 2024 (December 6, 2024)
________________________________________________  
WOLVERINE WORLD WIDE, INC.
(Exact name of registrant as specified in its charter)
 
Delaware001-0602438-1185150
(State or other jurisdiction of
incorporation)		(Commission File Number)(IRS Employer
Identification No.)
9341 Courtland Drive N.E.,Rockford,Michigan49351
(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 classTrading symbolName of each exchange on which registered
Common Stock, $1 Par ValueWWWNew 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 1.01
Entry Into a Material Definitive Agreement.
On December 6, 2024, Wolverine World Wide, Inc. (the “Company”) voluntarily reduced the commitment under the revolving credit facility included in the Company’s Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto, from $1 billion to $800 million (the “Commitment Reduction”), as permitted under the Credit Agreement. The Commitment Reduction was effective as of December 11, 2024. A formal amendment to the Credit Agreement was not required to effect the Commitment Reduction.

Management of the Company believes $800 million in borrowing capacity under the revolving credit facility is sufficient to support the Company’s business in light of the divestitures completed by the Company in 2023 and 2024. The Commitment Reduction will reduce the Company's unused commitment fees and is not expected to have any effect on the Company's operations or leverage.


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: December 12, 2024
WOLVERINE WORLD WIDE, INC.
(Registrant)
  
  
 /s/ Taryn L. Miller
 Taryn L. Miller
 Chief Financial Officer and Treasurer


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v3.24.3
Document and Entity Information
Dec. 06, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Dec. 06, 2024
Entity File Number 001-06024
Entity Registrant Name WOLVERINE WORLD WIDE INC /DE/
Entity Central Index Key 0000110471
Amendment Flag false
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 38-1185150
Entity Address, Address Line One 9341 Courtland Drive N.E.
Entity Address, City or Town Rockford
Entity Address, State or Province MI
Entity Address, Postal Zip Code 49351
City Area Code (616)
Local Phone Number 866-5500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Title of 12(b) Security Common Stock, $1 Par Value
Trading Symbol WWW
Security Exchange Name NYSE
Wolverine World Wide (NYSE:WWW)
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