DESTINATION XL GROUP INC
For the period ended Nov 2, 2024. Filed Nov 22, 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.
Nov 2, 2024 · Filed Nov 22, 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 September 3, 2024, the Company’s Board of Directors approved a stock repurchase program pursuant to which the Company was authorized to repurchase up to $15.0 million 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, but may be suspended, terminated or modified at any time for any reason.
Stock repurchase activity during the three months ended November 2, 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) |
|---|---|---|---|---|
| August 4, 2024 to August 31, 2024 | — | $— | — | $— |
| September 1, 2024 to October 5, 2024 | 1,859,260 | $2.85 | 1,859,260 | $9,702,183 |
| October 6, 2024 to November 2, 2024 | 1,728,211 | $2.84 | 1,728,211 | $4,790,664 |
| Total | 3,587,471 | $2.85 | 3,587,471 | $4,790,664 |
(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 of $0.1 million as of November 2, 2024.
None.
Not applicable.
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