The Board of Directors authorized the termination of the Weyco Group, Inc. Pension Plan effective August 31, 2026. The termination process is subject to review by the Pension Benefit Guaranty Corporation (PBGC). The company intends to satisfy plan liabilities through lump-sum payments or the purchase of group annuity contracts. Approximately 400 participants are impacted, with no changes to the benefits already earned. The company does not anticipate needing additional cash contributions due to the plan's overfunded status as of December 31, 2025.