Alan S. Bernikow to Resign as Member of Destination XL Group's Board of Directors and Nominating and Corporate Governance Committee, with Effect from March 31, 2017
January 26, 2017 at 03:18 pm
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On January 24, 2017, Alan S. Bernikow notified Destination XL Group, Inc. that, effective March 31, 2017, he will resign as a member of the Company's Board of Directors. Mr. Bernikow's resignation is not a result of any disagreement with the Company. The position on the Board of
Directors that will be vacated as a result of Mr. Bernikow's resignation will remain vacant until such time as a new director is identified and appointed or the Board determines to reduce its size. At the time of his notification, Mr. Bernikow was serving on the Nominating and Corporate Governance Committee of the Board of Directors. Prior to March 31, 2017, the Board of Directors expects to appoint a director to assume Mr. Bernikow's position on the Nominating and Corporate Governance Committee upon his departure.
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.
Alan S. Bernikow to Resign as Member of Destination XL Group's Board of Directors and Nominating and Corporate Governance Committee, with Effect from March 31, 2017