DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April11, 2018, Jean-Claude Jacomin resigned as a member of the Board of Directors (the “Board”) of Destination Maternity Corporation (the “Company”), effective immediately. A copy of Mr.Jacomin’s resignation letter is filed as Exhibit 17.1 to this Current Report on Form 8-K and is incorporated herein by reference. Mr.Jacomin had been appointed to the Board, effective April2, 2018, in connection with the Support Agreement (the “Support Agreement”), dated as of April2, 2018, by and among the Company, Orchestra-Prémaman S.A. (“Orchestra-Prémaman”) and Yeled Invest S.A. (together with Orchestra-Prémaman, “Orchestra”). to the Support Agreement and subject to the conditions set forth therein, Orchestra has the right to name a substitute person to replace Mr.Jacomin on the Board. On April12, 2018, the Board decreased the size of the Board from six directors to five directors.
Item 5.02. | Financial Statements and Exhibits |
Destination Maternity Corp ExhibitEX-17.1 2 d569647dex171.htm EX-17.1 EX-17.1 Exhibit 17.1 RESIGNATION LETTER April 11,…To view the full exhibit click here
About DESTINATION MATERNITY CORPORATION (NASDAQ:DEST)
Destination Maternity Corporation, formerly Mothers Work, Inc. is a designer and retailer of maternity apparel in the United States. The Company operates a chain of maternity apparel specialty stores. The Company operates through the design, manufacture, and sale of maternity apparel and related accessories segment. It operates approximately 1,815 retail locations, including over 540 stores in the United States, Canada and Puerto Rico, and approximately 1,280 leased departments located within department stores and baby specialty stores throughout the United States, in Puerto Rico and, in England. The Company sells merchandise on the Internet, primarily through its Motherhood.com, APeaInThePod.com and DestinationMaternity.com Websites. The Company also sells its merchandise through its Canadian Website, MotherhoodCanada.ca, through Amazon.com in the United States, and through Websites of certain of its retail partners.