Destination XL Group Executive Compensation Details

TL;DR

DXLG proxy shows exec comp details, stock awards up for PEOs and Non-PEOs.

AI Summary

Destination XL Group, Inc. filed its DEF 14A on June 28, 2024, detailing executive compensation and stock awards. The filing includes information on the fair value of equity awards granted to both executive (PEO) and non-executive (Non-PEO) members for fiscal years ending January 29, 2023, and February 3, 2024. Specific values for stock awards and their year-over-year changes are presented, reflecting compensation strategies for key personnel.

Why It Matters

This filing provides insight into how Destination XL Group compensates its top executives, which can influence investor perception and the company's ability to attract and retain talent.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but the specifics of executive compensation and stock awards can signal management's confidence and future performance expectations.

Key Numbers

• 2023-01-29 — Fiscal Year End (Reporting period for compensation data)
• 2024-02-03 — Fiscal Year End (Reporting period for compensation data)

Key Players & Entities

• DESTINATION XL GROUP, INC. (company) — Filer
• 0000813298 (company) — Central Index Key
• 20240628 (date) — Filing Date
• 20240808 (date) — Period of Report
• 2023-01-29 (date) — Fiscal Year End
• 2024-02-03 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $0.01 — f record of our common stock, par value $0.01 per share, at the close of business on

Filing Documents

• dxlg-20240628.htm (DEF 14A) — 2586KB
• img233772746_0.jpg (GRAPHIC) — 77KB
• img233772746_1.jpg (GRAPHIC) — 85KB
• img233772746_2.jpg (GRAPHIC) — 140KB
• img233772746_3.jpg (GRAPHIC) — 264KB
• img233772746_4.jpg (GRAPHIC) — 96KB
• img233772746_5.jpg (GRAPHIC) — 127KB
• 0000950170-24-078915.txt ( ) — 5175KB
• dxlg-20240628.xsd (EX-101.SCH) — 27KB
• dxlg-20240628_htm.xml (XML) — 263KB

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 54

Security Ownership of Management

Security Ownership of Management 55 Where You Can Find More Information 56 Solicitation 56 Delivery of Documents to Stockholders Sharing an Address 56 Stockholder Proposals 56 Stockholder Communications with the Board of Directors 57 Other Matters 57 Appendix A - 2016 Incentive Compensation Plan, as proposed to be amended A- 1 DESTINATION XL GROUP, INC. 555 Turnpike Street Canton, Massachusetts 02021 (781) 828-9300 Proxy Statement Annual Meeting of Stockholders August 8, 2024 INFORMATION ABOUT THE ANNUAL MEETING AND VOTING Purpose and Distribution of Proxy Materials This Proxy Statement and the enclosed form of proxy are being mailed to our stockholders on or about June 28, 2024, in connection with the solicitation by the Board of Directors (the "Board") of Destination XL Group, Inc. (the "Company") of proxies to be used at the Annual Meeting of Stockholders, to be held at the Company's corporate headquarters located at 555 Turnpike Street, Canton, Massachusetts 02021 at 9:30 A.M., local time, on Thursday, August 8, 2024 and at any and all adjournments thereof (the "Annual Meeting"). This Proxy Statement describes the matters to be voted on at the Annual Meeting and contains other required information. Stockholders Entitled to Vote Only holders of record of our common stock, par value $0.01 per share, at the close of business on June 12, 2024, the record date for the Annual Meeting, will be entitled to notice of, and to vote at, the Annual Meeting. On that date, there were 58,235,323 shares of common stock issued and outstanding. Each share is entitled to one vote at the Annual Meeting. How to Vote Stockholders of record may vote by mail or in person at the meeting. If you choose to vote by mail, please complete and mail the enclosed proxy card in the enclosed postage prepaid envelope. If your shares are held in a stock brokerage account or by a bank, you must follow the voting procedures of your broker or ba

: Gender Identity

Part I: Gender Identity Directors 3 4 - -

: Demographic Background

Part II: Demographic Background African American or Black - - - - Alaskan Native or Native American - - - - Asian - - - - Hispanic or Latinx 1 - - - Asian - - - - Native Hawaiian or Pacific Islander - - - - White 2 4 - - Two or more Races or Ethnicities - - - - LGBTQ+ - - - - Did not disclose demographic background - - - - Corporate Governance Highlights We comply with the corporate governance requirements imposed by the Sarbanes-Oxley Act of 2002, the SEC and Nasdaq. To assist the Board in fulfilling its responsibilities, we have adopted certain Corporate Governance Guidelines (the "Governance Guidelines"). Many features of our corporate governance principles are discussed in other sections of this proxy statement, but some of the highlights are: Annual Election of Directors. Our directors are elected annually for a term of office to expire at the next Annual Meeting (subject to the election and qualification of their successors). Board Size . The size of the Board is seven members. Majority Vote for Uncontested Director Elections. Under our By-Laws, in an uncontested election, a majority of the votes properly cast is required for the election of our directors. In the case of a contested election, a plurality vote will be required for the election of directors. If a nominee for director does not receive the approval of a majority of the votes properly cast in an uncontested election, our By-Laws provide that the director will promptly tender to the Board his or her offer of resignation. The Nominating and Corporate Governance Committee of the Board will then consider the resignation offer and make a recommendation to the Board whether to accept or reject the resignation. Independent Board and Committees. The majority of our Board is comprised of independent directors. All members of our Board's Audit, Compensation and Nominating and Corporate Governance c

View Full Filing

View this DEF 14A filing on SEC EDGAR