Designer Brands Appoints New CFO, Doug Hoiles
Ticker: DBI · Form: 8-K · Filed: Aug 7, 2024 · CIK: 1319947
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: DBI
TL;DR
DBI names Doug Hoiles new CFO, replacing interim exec Jared Markowitz.
AI Summary
Designer Brands Inc. announced on August 1, 2024, the appointment of Doug Hoiles as Chief Financial Officer, effective August 5, 2024. Hoiles will receive an annual base salary of $475,000 and is eligible for a discretionary annual bonus. The company also reported the departure of interim CFO, Jared Markowitz, who will transition to a senior advisor role until August 31, 2024.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: low — This filing primarily concerns executive appointments and compensation, which are routine corporate events.
Key Numbers
- $475,000 — CFO Base Salary (Annual compensation for Doug Hoiles)
Key Players & Entities
- Designer Brands Inc. (company) — Registrant
- Doug Hoiles (person) — Appointed Chief Financial Officer
- $475,000 (dollar_amount) — Annual base salary for new CFO
- August 5, 2024 (date) — Effective date for new CFO
- Jared Markowitz (person) — Departing interim CFO
- August 31, 2024 (date) — End date for interim CFO's advisory role
FAQ
What is Doug Hoiles's annual base salary?
Doug Hoiles's annual base salary is $475,000.
When is Doug Hoiles's appointment as CFO effective?
Doug Hoiles's appointment as Chief Financial Officer is effective August 5, 2024.
What is the role of Jared Markowitz after the new CFO appointment?
Jared Markowitz will transition to a senior advisor role until August 31, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 810 DSW Drive, Columbus, Ohio 43219.
What is the fiscal year end for Designer Brands Inc.?
The fiscal year end for Designer Brands Inc. is February 3rd (0203).
Filing Stats: 862 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-08-07 10:28:52
Key Financial Figures
- $146,014 — h an aggregate grant date fair value of $146,014, representing a pro-rata portion of the
Filing Documents
- dbi-20240801.htm (8-K) — 33KB
- dbi-boardxdirectorxatkin.htm (EX-99.1) — 10KB
- dbi-boardxdirectorxatkin001.jpg (GRAPHIC) — 235KB
- dbi-boardxdirectorxatkin002.jpg (GRAPHIC) — 276KB
- dbi-boardxdirectorxatkin003.jpg (GRAPHIC) — 117KB
- 0001319947-24-000041.txt ( ) — 1035KB
- dbi-20240801.xsd (EX-101.SCH) — 2KB
- dbi-20240801_lab.xml (EX-101.LAB) — 21KB
- dbi-20240801_pre.xml (EX-101.PRE) — 12KB
- dbi-20240801_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the Company's press release announcing the Appointment has been furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this report furnished pursuant to Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended, if such subsequent filing specifically references the information furnished pursuant to Item 7.01 of this report.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release of Designer Brands Inc., dated August 7, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Signature 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 hereunto duly authorized. Designer Brands Inc. By: /s/ Lisa M. Yerrace Lisa M. Yerrace Vice President, Deputy General Counsel and Corporate Secretary Date: August 7, 2024