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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 14, 2022
SKECHERS U.S.A., INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-14429 | 95-4376145 |
(State or other jurisdiction | (Commission | (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
| | |
228 Manhattan Beach Boulevard, Manhattan Beach, California | | 90266 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (310) 318-3100
Not Applicable
(Former name or former address, if changed since last report)
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:
☐ | 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(s) | | Name of each exchange on which registered |
Class A Common Stock, par value of $0.001 per share | | SKX | | 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. ☐
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Item 7.01 Regulation FD Disclosure.
On April 14, 2022, Skechers U.S.A., Inc. (the “Company”) issued a press release announcing that certain historical financial information relating to prior periods has been updated to reflect a change in the Company’s reportable segments. During the first quarter of 2022, the Company refined the way it views its business operations and decision-making, and as a result it will now present its reportable segment results as Wholesale and Direct-to-Consumer. The Company will use the updated financial information when presenting the Company’s financial results beginning with the quarter ended March 31, 2022. The Company has recast previously reported quarterly segment financial information for the years ended December 31, 2021 and 2020 to reflect the Company’s new reportable segments. The segment change has no impact on consolidated historical U.S. GAAP financial results.
The updated financial information is accessible through the Presentation section of the Company’s Investor Relations website at investors.skechers.com.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is furnished as part of this report:
99.1 Press Release dated April 14, 2022.
104 Cover Page Interactive Data File (embedded within the inline XBRL document).
The information in this current report and the exhibit attached hereto is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The Information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended. The furnishing of the Information in this Current Report is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the Information this Current Report contains is material investor information that is not otherwise publicly available.
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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.
| | SKECHERS U.S.A., INC. |
| | | | |
April 14, 2022 | | By: | | /s/ John Vandemore |
| | | | |
| | | | Name: John Vandemore |
| | | | Title: Chief Financial Officer |
