Key Summary: On June 26, 2024, Fund 1 Investments (9.8%) announced plans to discuss operational and strategic opportunities with the board to enhance stockholder value. On May 7, 2018, Cannell Capital nominated four board candidates; one was appointed on June 11, 2018. Cannell proposed the resignation of three members in January 2020 and reduced its stake to 4.51% by July 29, 2020. In January 2014, Willem T. Mesdag of Red Mountain Capital Partners secured a board seat with a 9.5% stake, which increased to 16.5% on April 6, 2018.Market Cap: $206 million | Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States.
Fund 1 Investments
On June 26, 2024, Fund 1 Investments (9.8%) stated that it intends to engage in discussions with the board and management team regarding operational and strategic opportunities for the company to enhance stockholder value. Source
Cannell Capital
On May 7, 2018, Cannell Capital nominated four candidates for the board at the 2018 Annual Meeting. On June 11, 2018, the company agreed to appoint one of Cannell's nominees to the board, leading Cannell to withdraw its nominations and support the company's proposals. On January 29, 2020, Cannell criticized the board and proposed the resignation of three members, intending to withhold votes if they remained. By July 29, 2020, Cannell decreased its stake to 4.51%.
Red Mountain Capital Partners
In January 2014, Willem T. Mesdag, Managing Partner of Red Mountain Capital Partners, secured a board seat through a mutual agreement, representing a 9.5% stake. On April 6, 2018, Red Mountain Capital Partners increased its stake to 16.5%.
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