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============================================================================= SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: August 21, 1998 WOLVERINE WORLD WIDE, INC. (Exact name of registrant as specified in its charter) MICHIGAN 1-6024 38-1185150 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification no.) incorporation) 9341 COURTLAND DRIVE ROCKFORD, MICHIGAN 49351 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (616) 886-5500 ============================================================================= Item 5. OTHER EVENTS. On August 20, 1998, Wolverine World Wide, Inc. issued the press release attached as Exhibit 99 to this Form 8-K. Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND EXHIBITS. (c) Exhibits: 99 Press Release dated August 20, 1998. -2- 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 thereunto duly authorized. Dated: August 21, 1998 WOLVERINE WORLD WIDE, INC. (Registrant) By: /s/Stephen L. Gulis, Jr. Stephen L. Gulis, Jr. Executive Vice President, Chief Financial Officer and Treasurer -3- EXHIBIT INDEX EXHIBIT NUMBER DOCUMENT 99 Press Release dated August 20, 1998.
EXHIBIT 99 FOR IMMEDIATE RELEASE CONTACT: TOM MUNDT PHONE: (616) 866-5589 FAX: (616) 866-0257 http://www:wolverineworldwide.com WOLVERINE WORLD WIDE ANNOUNCES PROGRAM TO BUY-BACK 2.2 MILLION COMMON SHARES ROCKFORD, MICHIGAN, AUGUST 20, 1998 --Wolverine World Wide, Inc. (NYSE:WWW) today announced that its Board of Directors has authorized the repurchase of up to 2,200,000 shares of the Company's common stock within the next eighteen months. As of July 31, 1998, Wolverine had 43,780,000 shares of common stock outstanding. The purchases may be made on the open market or in privately negotiated transactions, depending upon the market conditions and other factors. Purchases will be funded from the Company's cash flow from operations and credit facilities and will be reserved for later reissue in connection with potential future stock dividends, employee benefit plans and other general corporate purposes. "The Board of Directors believes the current low valuation of Wolverine World Wide common shares makes the stock a solid investment and represents an attractive opportunity to enhance long-term shareholder value," said Geoffrey B. Bloom, Wolverine World Wide Chairman and CEO. "The buyback authorization expresses our confidence in the Company's strategic plan for future growth and sound business fundamentals." Wolverine World Wide, Inc. manufactures and markets a wide variety of branded footwear and performance leathers. Major branded products of the Company include: Bates[REGISTERED] uniform footwear; Caterpillar[REGISTERED] footwear; Coleman[REGISTERED] footwear; Harley- Davidson[REGISTERED] footwear; Hush Puppies[REGISTERED] shoes, slippers and accessories; Hush Puppies Homeware slippers; Hy-Test[REGISTERED] work boots and shoes; Merrell[REGISTERED] outdoor footwear; Sioux- Mox[REGISTERED] moccasins; Tru-Stitch[REGISTERED] slippers; Wimzees[REGISTERED] footwear; Wolverine[REGISTERED] work, sport and rugged outdoor footwear, apparel and accessories; Wolverine DuraShocks[REGISTERED] SR comfort technology; Wolverine Fusion ; and Wolverine All Season Weather Leathers . # # #