DESTINATION XL GROUP, INC. (NASDAQ:DXLG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On August 17, 2017, Destination XL Group, Inc. (the “Company”) entered into a Temporary Consulting Agreement (the “Agreement”) with Oliver Walsh, a director of the Company. to the Agreement, Mr. Walsh will serve as the Company’s Interim Chief Marketing Officer through the Fall and Holiday selling seasons, while the Company searches for a new Chief Marketing Officer.
As compensation for his services, Mr. Walsh is entitled to receive compensation at a rate of $7,000 per week plus reimbursement for all business and travel expenses. Because of the related party relationship, the Agreement was approved by the Company’s Audit Committee. The foregoing description is qualified in its entirety by reference to the Agreement, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
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10.1 |
Temporary Consulting Agreement between the Company and Oliver Walsh. |
DESTINATION XL GROUP, INC. ExhibitEX-10.1 2 dxlg-ex101_6.htm EX-10.1 TEMPORARY CONSULTING AGREEMENT WITH OLIVER WALSH dxlg-ex101_6.htm Exhibit 10.1 TEMPORARY CONSULTING AGREEMENT This Temporary Consulting Agreement (this “Agreement”) is effective as of August 14,…To view the full exhibit click here
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.