09/04/2024 | Press release | Distributed by Public on 09/04/2024 05:03
Item 8.01 Other Information.
On September 3, 2024, the Board of Directors of Destination XL Group, Inc. (the "Company") approved a stock repurchase program, pursuant to which the Company may repurchase up to $15.0 million (inclusive of commissions and excise taxes) of its common stock through open market and privately negotiated transactions.
The timing and the amount of any repurchases of common stock will be determined based on the Company's evaluation of market conditions and other factors. The stock repurchase program will expire on February 1, 2025. The stock repurchase program may be suspended, terminated or modified at any time for any reason. The Company expects to finance the repurchases from operating funds. Any repurchased common stock will be held as treasury stock.