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DXLG > SEC Filings for DXLG > Form 8-K on 20-Mar-2017All Recent SEC Filings

Show all filings for DESTINATION XL GROUP, INC.

Form 8-K for DESTINATION XL GROUP, INC.


20-Mar-2017

Results of Operations and Financial Condition, Other Events, Financial


Item 2.02 Results of Operations and Financial Condition.

On March 20, 2017, Destination XL Group, Inc. (the "Company") issued a press release announcing the Company's operating results for the fourth quarter and fiscal year 2016. A copy of this press release is attached hereto as Exhibit 99.1.

An audio webcast to discuss the Company's operating results for the fourth quarter and fiscal year 2016 and 2017 outlook will be held today, March 20, 2017, at 8:00 a.m. EDT. Interested parties can access the webcast on the Company's website at www.destinationxl.com under the Investor Relations section.



Item 8.01 Other Information.

On March 17, 2017, the Company's Board of Directors approved a stock repurchase program, pursuant to which the Company may repurchase up to $12.0 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 is expected to commence in the first quarter of fiscal 2017 and will expire on February 3, 2018. The stock repurchase program may be suspended, terminated or modified at any time for any reason. The Company expects to finance the repurchases from operating funds and/or periodic borrowings on its credit facility. Any repurchased common stock will be held as treasury stock.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description

99.1 Press release issued by Destination XL Group, Inc. on March 20, 2017.


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