SCHEDULE: Greenberg, Skechers Trust Exit Beneficial Ownership
Beneficial Ownership Exit Filing
Robert Greenberg and the Skechers Voting Trust have completed a previously announced transaction, ceasing beneficial ownership of Skechers Class A Common Stock.
Summary
- Robert Greenberg and the Skechers Voting Trust have filed an Amendment No. 4 to their Schedule 13D, serving as an exit filing.
- The reporting persons have ceased to have beneficial ownership of any shares of Skechers U.S.A., Inc.'s Class A Common Stock, effective September 12, 2025.
- This change in ownership resulted from the completion of a previously announced transaction pursuant to a Merger Agreement.
- In connection with the transaction's consummation, the Support Agreement was terminated according to its terms.
- Both Robert Greenberg and the Skechers Voting Trust now report 0.00 shares beneficially owned, representing 0.00% of the class.
Sentiment
Score: 5
Explanation: The filing is a procedural update confirming the completion of a previously announced transaction, which is a neutral event in terms of new positive or negative information for the company's operational or financial performance.
Positives
- The completion of the previously announced transaction provides certainty regarding the ownership structure related to Robert Greenberg and the Skechers Voting Trust.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing primarily concerns an internal change in beneficial ownership for Skechers U.S.A., Inc. and does not directly reflect broader industry trends or competitive dynamics. It signifies the completion of a specific, previously announced transaction involving a key individual and related trust.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Agreement Termination | The Support Agreement, dated May 4, 2025, was terminated in connection with the consummation of the Transaction. | September 12, 2025 | Removes previous voting or other support obligations related to the reporting persons' shares, potentially simplifying governance related to these specific holdings. |
Stakeholder Impact
- Shareholders will observe a change in the beneficial ownership structure of the company, with Robert Greenberg and the Skechers Voting Trust no longer holding a reportable stake.
Key Dates
| Date | Description |
|---|---|
| June 23, 2016 | Original Statement on Schedule 13D filed. |
| June 30, 2016 | Amendment No. 1 to Schedule 13D filed. |
| November 10, 2022 | Amendment No. 2 to Schedule 13D filed. |
| May 4, 2025 | Date of Support Agreement and Agreement and Plan of Merger. |
| May 5, 2025 | Amendment No. 3 to Schedule 13D filed; Form 8-K filed referencing Support Agreement and Merger Agreement. |
| September 12, 2025 | Date of event requiring this filing; previously announced Transaction completed; Robert Greenberg and Skechers Voting Trust ceased beneficial ownership. |
Recommendation
holdThis filing is a procedural update confirming the completion of a previously announced transaction and a change in beneficial ownership. It does not introduce new financial data, strategic shifts, or unforeseen events that would warrant a change in investment recommendation based solely on this document. Investors should maintain their current position, awaiting further operational or financial updates.
Keywords
Skechers, Robert Greenberg, Skechers Voting Trust, Beneficial Ownership, Schedule 13D/A, Merger Agreement, Support Agreement, Ownership Change
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