Destination XL Group Adds Two Directors to Board
Ticker: DXLG · Form: 8-K · Filed: Aug 8, 2024 · CIK: 813298
Sentiment: neutral
Topics: governance, board-of-directors, filing
Related Tickers: XL
TL;DR
XL is adding two new directors to the board, effective immediately.
AI Summary
Destination XL Group, Inc. announced on August 8, 2024, the election of two new directors, Michael R. Smith and Jeffrey A. Kantor, to its Board of Directors, effective immediately. The company also reported on the submission of matters to a vote of security holders and filed financial statements and exhibits.
Why It Matters
The addition of new directors can signal strategic shifts or a response to shareholder sentiment, potentially impacting the company's future direction and performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters like director appointments and is not indicative of significant financial distress or major operational changes.
Key Players & Entities
- DESTINATION XL GROUP, INC. (company) — Registrant
- Michael R. Smith (person) — Newly elected director
- Jeffrey A. Kantor (person) — Newly elected director
- August 08, 2024 (date) — Date of earliest event reported
FAQ
Who were the individuals elected to the Board of Directors?
Michael R. Smith and Jeffrey A. Kantor were elected to the Board of Directors.
When were the new directors elected?
The election of the new directors was effective immediately as of August 8, 2024.
What other items were reported in this 8-K filing?
The filing also reported on the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
What is the company's state of incorporation?
The company is incorporated in Delaware.
What is the company's primary business?
The company operates in the Family Clothing Stores retail sector.
Filing Stats: 883 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-08-08 17:00:39
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share DXLG The Nasdaq Stock Mar
Filing Documents
- dxlg-20240808.htm (8-K) — 89KB
- dxlg-ex10_1.htm (EX-10.1) — 200KB
- 0000950170-24-094163.txt ( ) — 399KB
- dxlg-20240808.xsd (EX-101.SCH) — 23KB
- dxlg-20240808_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On August 8, 2024, the Company held its Annual Meeting. Set forth below are the matters submitted at the Annual Meeting by the Board of Directors of the Company to a vote of stockholders and the final results of the voting for each proposal. Proposal 1: Election of Directors. The Company's stockholders elected seven directors to hold office until the 2024 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. The results of the voting were as follows: FOR AGAINST ABSTAIN Broker Non-Votes Harvey S. Kanter 41,504,373 173,853 9,965 5,777,624 Carmen R. Bauza 40,972,053 707,568 8,570 5,777,624 Jack Boyle 40,803,516 876,000 8,675 5,777,624 Lionel F. Conacher 41,142,400 537,066 8,725 5,777,624 Willem Mesdag 40,962,152 717,314 8,725 5,777,624 Ivy Ross 41,331,891 347,702 8,598 5,777,624 Elaine K. Rubin 40,826,959 852,449 8,783 5,777,624 Proposal 2: Advisory Vote on Compensation of Named Executive Offivers. The compensation of the Company's named executive officers was approved by a non-binding advisory vote based upon the following votes: FOR AGAINST ABSTAIN Broker Non-Votes 36,322,608 4,325,961 1,039,622 5,777,624 Proposal 3: Approval of Amendments to the 2016 Incentive Compensation Plan. The approval of amendments to our 2016 Incentive Compensation Plan, including the increase in the total number of shares of common stock authorized for issuance under the plan by 6,150,000 shares.: FOR AGAINST ABSTAIN Broker Non-Votes 39,007,855 2,575,460 104,876 5,777,624 Proposal 4: Ratification of Appointment of Independent Registered Public Accountants. The appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year ending February 1, 2025 was ratified based upon the following votes: FOR AGAINST ABSTAIN
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Destination XL Group, Inc. Second Amended and Restated 2016 Incentive Compensation Plan 104 Cover Page Interactive Data File – The cover page interactive data file does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES 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 thereunto duly authorized. DESTINATION XL GROUP, INC. Date: August 8, 2024 By: /s/ Robert S. Molloy Robert S. Molloy General Counsel and Secretary