DESTINATION XL GROUP, INC. (NASDAQ:DXLG) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07- Submission of Matters to a Vote of Security Holders.
On August 3, 2017, Destination XL Group, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “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 nine directors to hold office until the 2018 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 |
|
|
Seymour Holtzman |
39,363,800 |
944,176 |
13,864 |
6,691,356 |
|
David A. Levin |
40,012,240 |
284,004 |
25,596 |
6,691,356 |
|
Jack Boyle |
40,061,119 |
251,680 |
9,040 |
6,691,357 |
|
John E. Kyees |
40,059,703 |
253,096 |
9,040 |
6,691,357 |
|
Willem Mesdag |
39,933,282 |
379,518 |
9,040 |
6,691,356 |
|
Ward K. Mooney |
38,221,195 |
2,091,604 |
9,040 |
6,691,357 |
|
Mitchell S. Presser |
40,058,527 |
254,272 |
9,040 |
6,691,357 |
|
Ivy Ross |
40,060,769 |
252,330 |
8,740 |
6,691,357 |
|
Oliver Walsh |
40,062,181 |
250,618 |
9,040 |
6,691,357 |
Proposal 2: Advisory Vote on Frequency of Advisory Votes on Compensation of Executive Officers.
Stockholders recommended, by a non-binding advisory vote, for the “one-year” option with respect to holding advisory votes on the compensation of the Company’s named executive officers:
|
1 YEAR |
2 YEARS |
3 YEARS |
ABSTAIN |
Broker Non-Votes |
|
38,559,865 |
188,668 |
1,511,205 |
62,102 |
6,691,356 |
Proposal 3: Advisory Vote on Compensation of Named Executive Officers.
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 |
|
37,888,381 |
2,355,414 |
78,044 |
6,691,357 |
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 2, 2018 was ratified based upon the following votes:
|
FOR |
AGAINST |
ABSTAIN |
|
46,786,917 |
214,150 |
12,129 |
Based upon the results of the advisory vote in Proposal 2 on the frequency of advisory votes on compensation of the Company’s named executive officers, and consistent with its recommendation, the Board of Directors of the Company has determined that advisory votes on the compensation of the Company’s named executive officers will be submitted to Company stockholders on an annual basis until the next required vote on the frequency of such votes.
About DESTINATION XL GROUP, INC. (NASDAQ:DXLG)
Destination XL Group, Inc. is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL. The Company operates approximately 170 Destination XL stores, 125 Casual Male XL retail stores, 40 Casual Male XL outlet stores, nine DXL outlet stores and five Rochester Clothing stores. Its direct business includes its DestinationXL.com and bigandtall.com e-commerce sites, which support its stores, brands and product extensions. Through its multiple brands, which include both branded apparel and private-label, the Company offers a range of merchandise. The Company carries various designer brands, including Cole Haan, Allen Edmonds, Timberland, Calvin Klein, Lacoste, Donald J. Pliner and Bruno Magli.
