Item 7.01 Regulation FD Disclosure.
As previously announced, Designer Brands Inc. (the “Company”) will host an Investor Day at the New York Stock Exchange today, April 8, 2022, beginning at 9:45 a.m., Eastern Time, with senior management of the Company presenting on, among other things, the Company’s long-range plan, overall vision, strategy and growth opportunities.
In connection with the Investor Day, the Company has issued a press release announcing long-term financial targets and updating its full-year outlook and posted an infographic dated April 8, 2022 on its Investor Relations website at A copy of the press release and the infographic are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference herein. Additionally, a copy of the Company’s Investor Day presentation is attached hereto as Exhibit 99.3 and is incorporated by reference herein. The presentation is also available on the Company’s Investor Relations website at We have included our website address as an inactive textual reference only. The information contained on the website referenced herein is not incorporated into this Current Report on Form 8-K.
The information in Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3 is presented as of the particular date or dates referenced therein, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided therein, including any financial targets and estimates.
The information in Item 7.01 of this Current Report on Form 8-K, including the press release attached hereto as Exhibit 99.1, the infographic attached hereto as Exhibit 99.2 hereto, and the Investor Day presentation attached hereto as Exhibit 99.3, are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On April 8, 2022, the Company also announced that its Board of Directors approved the reinstatement of the Company’s regular quarterly cash dividend starting in the first quarter of fiscal 2022. The dividend for the first quarter of fiscal 2022 will be $0.05 per share of the Company’s Class A common stock and will paid on May 6, 2022 to shareholders of record of Class A common stock as of the close of business on April 22, 2022. The dividend will be paid out of the Company’s capital surplus as defined under the Ohio General Corporation Law.
Item 9.01 Financial Statements and Exhibits.
© Edgar Online, source Glimpses