Rocky Brands announced that its board of directors has approved a new share repurchase program of up to $7.5M of the company's outstanding common stock, no par value per share. This repurchase program replaces the previous repurchase program authorized by the board of directors that expired on March 1.
Rocky Brands announced the sale of its Creative Recreation brand to a private investment group. The sale included the inventory, product designs and molds, trademarks and related intangible assets of Creative Recreation along with certain licensing and other contracts. Terms of the transactions were not disclosed.