Cannell Capital Seeks Resignation of Directors at Destination XL Group
January 29, 2020 at 12:13 pm
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On January 29, 2020, Cannell Capital LLC announced that it opts to be specific and proposes the resignation of John E. Kyees, Ward K. Mooney, and Seymour Holtzman as directors of Destination XL Group, Inc. Accordingly, Cannell Capital stated that it intends to withhold its votes for the election of John E. Kyees, Ward K. Mooney, and Seymour Holtzman as members of the Company’s Board at the annual general meeting of shareholders in August 2020 assuming they remain on the Board of Directors at that time.
Destination XL Group, Inc. is a specialty retailer of big and tall men's apparel with retail locations throughout the United States. The Company operates through the Retail segment. It operates under the trade names of Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL and Casual Male XL outlets. It operates approximately 232 DXL retail stores, 15 DXL outlet stores, 17 Casual Male XL retail stores, 19 Casual Male XL outlet stores, and a digital business. Its DXL retail stores, e-commerce site, and mobile application offers its customers merchandise to fit a variety of lifestyles from casual to business, young to mature, in all price ranges and in all large sizes from XL and up. In addition, it also offers a selection of shoes in sizes 10W to 18W on its websites. Its Casual Male XL retail stores primarily carry moderate-priced national brands and its own brands of casual sportswear and dresswear. It also operates Casual Male XL outlets and DXL outlets for its customers.
DESTINATION XL GROUP, INC. 
