Digital Brands Group Files 2024 Proxy Statement

TL;DR

DBGI proxy filed. Annual meeting agenda out. Vote your shares!

AI Summary

Digital Brands Group, Inc. filed a definitive proxy statement (DEF 14A) on October 23, 2024, for its annual meeting. The company, formerly known as Denim LA, Inc., is headquartered in Vernon, California, and operates in the apparel and accessory stores sector. The filing indicates no fee was required for this submission.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda and proposals for the company's annual meeting, influencing their voting decisions on corporate governance and strategy.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material financial information or significant strategic changes.

Key Numbers

• 20241023 — Filing Date (Date the definitive proxy statement was filed with the SEC.)

Key Players & Entities

• Digital Brands Group, Inc. (company) — Registrant
• Denim LA, Inc. (company) — Former company name
• 4700 S. BOYLE AVE, VERNON, CA 90058 (location) — Business and mailing address
• 1400 Lavaca Street, Austin, Texas 78701 (location) — Company headquarters address

FAQ

Key Financial Figures

• $0.0001 — nding shares of common stock, par value $0.0001 per share, at a ratio of no less than 1
• $10,500 — he solicitation of proxies for a fee of $10,500, plus reimbursement of related expenses
• $232.63 — is based on a fixed conversion price of $232.63 per share as of the Record Date and ref
• $17.925 — is based on a fixed conversion price of $17.925 per share as of the Record Date and ref
• $1,000.00 — e Series A Convertible Preferred Stock ($1,000.00) by the fixed conversion price in effec
• $1.00 — any’s common stock had been below $1.00 per share for the then-previous 30 cons

Filing Documents

• formdef14a.htm (DEF 14A) — 439KB
• proxycard_001.jpg (GRAPHIC) — 543KB
• proxycard_002.jpg (GRAPHIC) — 365KB
• 0001493152-24-042157.txt ( ) — 1689KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 DIGITAL BRANDS GROUP, INC. (Name of registrant as specified in its charter) (Name of person(s) filing proxy statement, if other than the registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. DIGITAL BRANDS GROUP, INC. 1400 Lavaca Street, Austin, Texas 78701 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held on December 2 , 2024 9:30 A.M. (Eastern Time) To Our Stockholders: You are cordially invited to attend the Annual Meeting of Stockholders (the “ Meeting ” or “ Annual Meeting ”) of DIGITAL BRANDS GROUP, INC. (“ DBGI ,” “ we ,” “ our ,” “ us ,” or the “ Company ”), a Delaware corporation, to be held on December 2, 2024 at 9:30 a.m. (Eastern Time) via live webcast. The annual meeting will be a completely “virtual meeting” of stockholders. You will be able to attend the annual meeting as well as vote and submit your questions during the live webcast of the meeting by visiting www.virtualshareholdermeeting.com/DBGI2024 and entering the 16-digit control number included in our proxy materials, on your proxy card or in the instructions that accompanied your proxy materials. You will have an equal opportunity to participate in the Meeting regardless of your geographic location. You will not be able to attend the Meeting physically. The annual meeting of stockholders is being held for the following purposes: 1. To elect five (5) nominees to our Board of Directors; 2. To approve the amendment of the Company’s certificate of incorporation, as amended, to effectuate a reverse stock split of Company’s outstanding shares of common stock, par value $0.0001 per share, at a ratio of no less than 1-for-10 and no more than 1-for-50, with such ratio to be determined at the sole discretion of the Company’s Board of Directors; 3. To ratify the appointment of Macias Gini & O’Connell LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; 4. To approve adjournment of the Annual Meeting from time to time to a later date or dates, if necessary and appropriate, under certain circumstances, including for the purpose of soliciting additional proxies in favor one or more of the foregoing proposals, in the event the Company does not receive the requisite stockholder vote to approve such proposal(s) or establish a quorum; and 5. To transact such other business as may properly come before the meeting or any adjournment or postponement thereof. You are entitled to participate in the Annual Meeting if you were a shareholder as of the close of business on October 17, 2024 , the record date, or hold a valid proxy for the meeting. To participate in the Annual Meeting, including to vote, shareholders of record must access the meeting website at www.virtualshareholdermeeting.com/DBGI2024 and enter the 16-digit control number found on the proxy card provided to you with this Proxy Statement, or that is set forth within the body of the email sent to you with the link to this Proxy www.proxyvote.com website, then you may access, participate in, and vote at the Annual Meeting with the 16-digit control number indicated on that voting instruction form. Otherwise, shareholders who hold their shares in street name should contact their bank, broker, or other nominee (preferably at least five days before the Annual Meeting) and obtain their 16-digit control number in order to be able to attend, participate in, or vote at the Annual Meeting. A list of stockholders will be available at our offices at 1400 Lavaca Street, Austin, TX 78701 for a period of at least 10 days prior to the Meeting and will also be available at the Meeting. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to Be Held on December 2 , 2024: The 2024 Proxy Statement, the Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and Amendment No. 1 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are also available at https://ir.digitalbrandsgroup.co/sec-filings You are cordially invited to attend the Meeting. However, if you do not expect to attend or if you plan to attend but desire the proxy holders to vote

View Full Filing

View this DEF 14A filing on SEC EDGAR