UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors of Destination XL Group, Inc. (the “Company”) appointed Elaine Rubin as a director of the Company on April 14, 2021. Ms. Rubin is the founder and president of Digital Prophets Network, LLC, a consumer-centric consulting, advisory and placement firm with a network of digital commerce experts that supports the growth of retail and direct-to-consumer businesses.
Ms. Rubin will serve as a director until the Company’s next annual meeting of stockholders which is expected to be held on August 5, 2021, at which time she will stand for re-election. She was also appointed to serve on the Company’s Cybersecurity and Data Privacy Committee.
Upon her appointment to the Board, Ms. Rubin was entitled to receive a pro-rated portion of the Company's non-employee director compensation for the first quarter of fiscal 2021. As such, she will receive a prorated portion of the quarterly retainer of $30,000.
A copy of the Company’s press release announcing the appointment of Ms. Rubin is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
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Description |
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99.1 |
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104 |
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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 |
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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 hereunto duly authorized.
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DESTINATION XL GROUP, INC. |
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Date: |
April 15, 2021 |
By: |
/s/ Robert S. Molloy |
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Robert S. Molloy |
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General Counsel and Secretary |
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