Skechers USA Inc. Files 8-K with Multiple Material Events
| Field | Detail |
|---|---|
| Company | Skechers USA Inc |
| Form Type | 8-K |
| Filed Date | Sep 12, 2025 |
| Risk Level | medium |
| Pages | 13 |
| Reading Time | 16 min |
| Key Dollar Amounts | $0.001, $63, $57.00, $2.2 billion, $1,555.0 million |
| Sentiment | mixed |
Sentiment: mixed
Topics: material-agreement, acquisition, debt, corporate-action
Related Tickers: SKX
TL;DR
SKECHERS filed an 8-K detailing major corporate events - acquisitions, debt, potential delisting, officer changes, and more. Watch closely.
AI Summary
Skechers USA Inc. filed an 8-K on September 12, 2025, indicating several material events. These include the entry into a material definitive agreement, completion of an acquisition or disposition of assets, and the creation of a direct financial obligation. The filing also notes potential delisting or failure to meet listing rules, unregistered sales of equity securities, and material modifications to security holder rights. Additionally, changes in control, departures or appointments of officers, and amendments to articles of incorporation or bylaws are mentioned, alongside other events and financial statements.
Why It Matters
This 8-K filing signals significant corporate actions and potential changes for Skechers USA Inc., which could impact its stock price and investor confidence.
Risk Assessment
Risk Level: medium — The filing mentions potential delisting and unregistered sales of equity, which can indicate financial distress or regulatory issues.
Key Players & Entities
- SKECHERS USA INC (company) — Filer
- 0001065837 (company) — Central Index Key
- 228 MANHATTAN BEACH BLVD (location) — Business Address
- MANHATTAN BEACH (location) — Business City
- CA (location) — Business State
- 90266 (location) — Business Zip
- 3103183100 (phone_number) — Business Phone
FAQ
What specific material definitive agreement did Skechers USA Inc. enter into?
The filing does not specify the details of the material definitive agreement, only that one was entered into.
What acquisition or disposition of assets was completed by Skechers USA Inc.?
The filing indicates the completion of an acquisition or disposition of assets but provides no specific details about the transaction.
What is the nature of the direct financial obligation created by Skechers USA Inc.?
The filing states the creation of a direct financial obligation but does not elaborate on its terms or amount.
What are the reasons for the potential notice of delisting or failure to satisfy a continued listing rule for Skechers USA Inc.?
The filing lists 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' as an item of information but does not provide the specific reasons.
Were there any unregistered sales of equity securities by Skechers USA Inc.?
Yes, the filing indicates 'Unregistered Sales of Equity Securities' as an item of information, but details are not provided in this summary.
Filing Stats: 4,025 words · 16 min read · ~13 pages · Grade level 12.4 · Accepted 2025-09-12 09:19:56
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share SKX New York Stock Exchan
- $63 — below: (a)an amount in cash equal to $63.00, without interest thereon, pursuant
- $57.00 — n"); or (b)an amount in cash equal to $57.00 and one unlisted limited liability comp
- $2.2 billion — onnection with the issuance and sale of $2.2 billion in aggregate principal amount of 10.000
- $1,555.0 million — t Agreement"), which provides for (i) a $1,555.0 million USD first lien term loan facility and 1
- $3,005.0 million — ity, for an aggregate USD equivalent of $3,005.0 million (together, the "Term Loan Facility") an
- $1,600.0 million — r, the "Term Loan Facility") and (ii) a $1,600.0 million first lien cash flow revolving facility
Filing Documents
- d41926d8k.htm (8-K) — 64KB
- d41926dex31.htm (EX-3.1) — 11KB
- d41926dex32.htm (EX-3.2) — 73KB
- d41926dex102.htm (EX-10.2) — 1664KB
- d41926dex103.htm (EX-10.3) — 1400KB
- d41926dex104.htm (EX-10.4) — 1179KB
- d41926dex991.htm (EX-99.1) — 4KB
- 0001193125-25-201846.txt ( ) — 5567KB
- skx-20250912.xsd (EX-101.SCH) — 3KB
- skx-20250912_lab.xml (EX-101.LAB) — 18KB
- skx-20250912_pre.xml (EX-101.PRE) — 11KB
- d41926d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following documents are herewith furnished or filed as exhibits to this report: Exhibit No. Exhibit Description 2.1* Agreement and Plan of Merger, dated as of May 4, 2025, by and among Beach Acquisition Co Parent, LLC, Beach Acquisition Merger Sub, Inc. and Skechers U.S.A., Inc. (incorporated by reference to exhibit number 2.1 of the Registrant's Form 8-K filed on May 5, 2025). 3.1 Third Amended and Restated Certificate of Incorporation of Skechers U.S.A., Inc. 3.2 Amended and Restated Bylaws of Skechers U.S.A., Inc. 10.1*+ Form of Amended and Restated Limited Liability Company Agreement of Beach Acquisition Co Parent, LLC (incorporated by reference to exhibit number 10.1 of the Registrant's Form 8-K filed on May 5, 2025). 10.2* Credit Agreement, dated as of September 12, 2025, by and among Beach Acquisition Midco, LLC, as holdings, Beach Acquisition Bidco, LLC, as the borrower, the lenders from time to time party thereto, the issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., in its capacities as administrative agent for the Lenders and collateral agent. 10.3 Indenture, dated as of July 14, 2025, governing Beach Acquisition Bidco, LLC's 5.250% Senior Secured Notes due 2032, by and among Beach Acquisition Bidco, LLC, as the issuer, U.S. Bank Trust Company, National Association, as trustee and notes collateral agent, U.S. Bank Europe DAC, as registrar and transfer agent and U.S. Bank Europe DAC, UK Branch, as paying agent. 10.4 Indenture, dated as of July 14, 2025, governing Beach Acquisition Bidco, LLC's 10.000% / 10.750% Senior PIK Toggle Notes due 2033, by and between Beach Acquisition Bidco, LLC, as issuer and U.S. Bank Trust Company, National Association, as trustee. 10.5*+ Support Agreement, dated as of May 4, 2025, by and among the Company, Greenberg Family Trust, the Skechers Voting Trust, Robert Greenberg and members of the Greenberg family (i
SIGNATURES
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 thereunto duly authorized. SKECHERS U.S.A., INC. Date: September 12, 2025 By: /s/ John Vandemore Name: John Vandemore Title: Chief Financial Officer