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Destination Maternity Corp (DEST.OQ)

DEST.OQ on NASDAQ Stock Exchange Global Select Market

3.83USD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Destination Maternity Enters Into New Employment Agreement With CEO
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY ENTERS INTO NEW EMPLOYMENT AGREEMENT WITH CEO.DESTINATION MATERNITY CORP - COMPANY AND CHIEF EXECUTIVE OFFICER MARLA RYAN HAVE ENTERED INTO A NEW EMPLOYMENT AGREEMENT DATED NOVEMBER 1, 2018..DESTINATION MATERNITY - INITIAL TERM OF RYAN'S EMPLOYMENT AGREEMENT IS FOR 3 YRS, WITH INITIAL BASE SALARY OF $350,000 TO BE REVIEWED ANNUALLY.  Full Article

Destination Maternity Corp announces strategic plan for long-term growth and profitability
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION ANNOUNCES STRATEGIC PLAN FOR LONG-TERM GROWTH AND PROFITABILITY.DESTINATION MATERNITY CORP - COMPANY OUTLINES PERFORMANCE GOALS TO DELIVER IMPROVED PROFITABILITY; PROVIDES LONG-TERM OUTLOOK THROUGH FY 2022.DESTINATION MATERNITY CORP - RE-AFFIRMS FY 2018 GUIDANCE AND INTRODUCES FY 2019 AND FY 2022 OUTLOOKS.DESTINATION MATERNITY CORP - SEES FY 2022 ADJUSTED EPS OF $1.20 TO $1.60.DESTINATION MATERNITY - ANTICIPATES PLAN WILL HELP ACHIEVE FY 2022 REVENUE GOALS OF $450 MILLION TO $475 MILLION WITH E-COMMERCE GROWTH OF 20%+ ANNUALLY.DESTINATION MATERNITY CORP SEES FY 2022 ADJUSTED EBITDA OF $42 MILLION TO $51 MILLION.DESTINATION MATERNITY CORP - SEES FY 2022 ADJUSTED FREE CASH FLOW OF $29 MILLION TO $36 MILLION.DESTINATION MATERNITY CORP SEES FY FISCAL 2019 TOTAL REVENUE OF $377 MILLION TO $387 MILLION.DESTINATION MATERNITY CORP SEES 2019 ADJUSTED EPS RANGING FROM A LOSS OF $0.03 TO A PROFIT OF $0.15.DESTINATION MATERNITY CORP SEES FY FISCAL 2019 COMPANY COMPARABLE SALES UP 0.0% - 1.4%.DESTINATION MATERNITY CORP SEES 2019 ADJUSTED FREE CASH FLOW FROM $12.0 MILLION TO $15.6 MILLION.DESTINATION MATERNITY CORP - SEES FY 2022 SG&A DECLINING 42% TO 45% OF SALES.  Full Article

Destination Maternity Corp Provides Update On Corporate Restructuring
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION PROVIDES UPDATE ON CORPORATE RESTRUCTURING.DESTINATION MATERNITY CORP - EXPECTS NET SAVINGS OF $1.2 - $1.4 MILLION IN FY'19.DESTINATION MATERNITY CORP - FOCUS ON RATIONALIZING PRODUCT MIX AND REDUCING COSTS.DESTINATION MATERNITY CORP - DECISION TO REDUCE HEADCOUNT IN PRODUCT AND SOURCING DIVISIONS.DESTINATION MATERNITY CORP - EXPECTS RESTRUCTURING TO RESULT IN A ONE-TIME SEVERANCE CHARGE OF APPROXIMATELY $0.5 MILLION DURING Q3 OF 2018.  Full Article

Destination Maternity Announces Agreement With Second Largest Shareholder
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY ANNOUNCES AGREEMENT WITH SECOND LARGEST SHAREHOLDER, NATHAN G. MILLER.DESTINATION MATERNITY CORP - AGREEMENT ALLOWS CO TO SHARE INFORMATION WITH MILLER SUBJECT TO CUSTOMARY CONFIDENTIALITY & TRADING RESTRICTIONS.DESTINATION MATERNITY - AGREEMENT PROVIDES FOR MUTUAL RELEASE OF POTENTIAL LEGAL CLAIMS BETWEEN CO & MILLER RELATED TO RECENT PROXY CONTEST.DESTINATION MATERNITY - TO REIMBURSE $1.2 MILLION OF MILLER’S EXPENSES INCURRED IN CONNECTION WITH PROXY CONTEST, WHICH WILL BE TAKEN AS A CHARGE IN Q2.  Full Article

Destination Maternity Corp Files For Mixed Shelf Of Up To $75 Mln
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORP FILES FOR MIXED SHELF OF UP TO $75 MILLION – SEC FILING.  Full Article

Marla Ryan Appointed Chief Executive Officer Of Destination Maternity
Wednesday, 30 May 2018 

May 30 (Reuters) - Destination Maternity Corp ::MARLA A. RYAN APPOINTED CHIEF EXECUTIVE OFFICER OF DESTINATION MATERNITY.DESTINATION MATERNITY CORP - ANNE-CHARLOTTE WINDAL APPOINTED INDEPENDENT CHAIR OF BOARD.DESTINATION MATERNITY CORP - RYAN REPLACES MELISSA PAYNER-GREGOR, WHO SERVED AS AN INTERIM CEO SINCE JANUARY 2018.DESTINATION MATERNITY CORP - PAYNER-GREGOR IS EXITING COMPANY TO PURSUE OTHER OPPORTUNITIES.  Full Article

Destination Maternity - Board Urges Shareholders Vote For Co's Director Candidates
Tuesday, 1 May 2018 

May 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY - BOARD URGES SHAREHOLDERS VOTE FOR DIRECTOR CANDIDATES BARRY ERDOS, MELISSA PAYNER-GREGOR, PETER LONGO AND PIERRE-ANDRÉ MESTRE.DESTINATION MATERNITY-BOARD ALSO URGES SHAREHOLDERS TO IGNORE ANY GOLD PROXY CARD SENT BY GROUP OF SHAREHOLDERS LED BY NATHAN MILLER AND PETER O’MALLEY.  Full Article

Nathan Miller Says On April 24, Sent Letter To Destination Maternity Board
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Destination Maternity Corp ::NATHAN MILLER SAYS ON APRIL 24, SENT A LETTER TO DESTINATION MATERNITY CORP BOARD - SEC FILING.NATHAN MILLER - WRITING TO EXPRESS CONCERN REGARDING RECENT ACTIONS BY DESTINATION MATERNITY BOARD, MANAGEMENT WITH RESPECT TO ELECTION OF DIRECTORS.  Full Article

Nathan Miller Submitted Update And Supplement To Notify Destination Maternity Of Withdrawal As Nominee
Friday, 20 Apr 2018 

April 20 (Reuters) - Destination Maternity Corp ::NATHAN MILLER SAYS ON APRIL 20, SUBMITTED UPDATE AND SUPPLEMENT TO NOTIFY DESTINATION MATERNITY OF WITHDRAWAL OF HIMSELF AS NOMINEE - SEC FILING.NATHAN MILLER - RESERVED RIGHT TO INCREASE SLATE, RE-NOMINATE HIMSELF FOR ELECTION IF DESTINATION INCREASES NUMBER OF DIRECTORSHIPS FOR ELECTION.  Full Article

Destination Maternity Reports Q4 Adjusted Loss Per Share $0.36
Thursday, 19 Apr 2018 

April 19 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.36.Q4 GAAP LOSS PER SHARE $0.73.Q4 SAME STORE SALES ROSE 5.2 PERCENT.Q4 SALES $105.1 MILLION VERSUS $100.2 MILLION.DESTINATION MATERNITY - INTERNAL REORGANIZATION & COST CUTTING INITIATIVE LATE IN FISCAL 2017 CONTRIBUTED $5.2 MILLION REDUCTION IN SG&A FOR YEAR.ON TRACK TO EXCEED COMPANY'S EXPECTATION TO GENERATE $10 MILLION IN ANNUALIZED SAVINGS.  Full Article

RPT-U.S. regulator shelves reform on voting in board fights-sources

NEW YORK/WASHINGTON, July 11 The U.S. securities regulator has shelved a proposed Obama-era reform that would have given shareholders in companies more freedom to vote for their preferred candidates during contested board elections, people with direct knowledge of the matter told Reuters.