DESTINATION XL GROUP INC
For the period ended May 4, 2024. Filed May 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 4, 2024 · Filed May 30, 2024
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Item 1A. Risk Factors
There have been no material changes to the risk factors as previously disclosed in Part I, Item 1A of our Fiscal 2023 Annual Report.
On March 14, 2023, the Company’s Board of Directors approved a stock repurchase program pursuant to which the Company was initially authorized to repurchase up to $15.0 million of its common stock through open market and privately negotiated transactions. The stock repurchase program was amended on November 15, 2023 to increase the amount authorized under the program from $15.0 million to $25.0 million. The Company completed the stock repurchase program in the first quarter of fiscal 2024.
Stock repurchase activity during the three months ended May 4, 2024 was as follows:
| Period | (a)Total number of shares purchased | (b)Average price paid per share (1) | (c)Total number of shares purchased as part of publicly announced plan | (d)Approximate dollar value of shares that may yet be purchased under the plan (1) |
|---|---|---|---|---|
| February 4, 2024 to March 2, 2024 | 52,802 | $3.97 | 52,802 | $250,006 |
| March 3, 2024 to April 6, 2024 | — | $— | — | $250,006 |
| April 7, 2024 to May 4, 2024 | — | $— | — | $250,006 |
| Total | 52,802 | $3.97 | 52,802 | $250,006 |
(1) Average price paid per share and the approximate dollar value of shares that may yet be purchased under the plan excludes the accrual of excise tax.
None.
Not applicable.
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