Business Description

​ 2 ITEM 1A. RISK FACTORS ​ 3 ITEM 1B. UNRESOLVED STAFF COMMENTS ​ 7 ITEM 1C. CYBERSECURITY ​ 7 ITEM 2. PROPERTIES ​ 8 ITEM 3. LEGAL PROCEEDINGS ​ 8 ITEM 4. MINE SAFETY DISCLOSURES ​ 8 INFORMATION ABOUT EXECUTIVE OFFICERS ​ 9 ​ ​ PART II. ​ ​ ​ ​ ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES ​ 10 ITEM 6. RESERVED ​ 10 ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ​ 11 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK ​ 17 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ​ 18 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE ​ 46 ITEM 9A. CONTROLS AND PROCEDURES ​ 46 ITEM 9B. OTHER INFORMATION ​ 48 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS ​ 48 ​ ​ PART III. ​ ​ ​ ​ ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE ​ 48 ITEM 11. EXECUTIVE COMPENSATION ​ 48 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS ​ 48 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE ​ 48 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES ​ 48 ​ ​ PART IV. ​ ​ ​ ​ ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES ​ 49 ITEM 16. FORM 10-K SUMMARY ​ 51 ​ ​ ​ 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 the Private Securities Litigation Reform Act of 1995. These statements represent our good faith judgment with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially. Such statements 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 similar expressions. 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 or other factors that may cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors described in this report under Item 1A, “Risk Factors.” We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. ​ 1 Table of Contents ​ PART 1 ​ ITEM 1 BUSINESS 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, and distributes quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, and BOGS.