Digital Brands : Submission of Matters to a Vote of Security Holders - Form 8-K
December 28, 2023 at 06:03 am EST
Share
Item 5.07.
Submission of Matters to a Vote of Security Holders.
On December 22, 2023, the Company held its annual meeting of stockholders (the "Annual Meeting") to vote on the following matters:
1. Election of Directors
Each of the following five nominees was elected to the Company's Board of Directors, in accordance with the voting results listed below, to serve for a term of one year and until their successors have been duly elected and qualified or until the director's earlier death, resignation or removal.
Nominee
For
Withheld
Broker Non-Votes
John Hilburn Davis, IV
408,117
57,810
119,880
Mark T. Lynn
426,131
39,795
119,880
Trevor Pettennude
425,081
40,845
119,880
Jameeka Green Aaron
425,072
40,854
119,880
Huong "Lucy" Doan
423,279
42,647
119,880
2. Approval of Amendments to the Company's 2020 Omnibus Incentive Stock Plan (the "Plan") to Increase the Shares Authorized for Issuance under the Plan
Stockholders approved amendments to the Plan to increase the aggregate number of shares of common stock authorized for issuance under the Plan to 200,000 shares, in accordance with the voting results listed below.
For
Against
Abstain
Broker Non-Votes
379,841
85,749
336
119,880
3. Approval of Issuance of Common Stock to the Company's Chief Executive Officer
Stockholders approved, for purposes of complying with Nasdaq Listing Rule Section 5635(c), of the issuance of shares of the Company's common stock to the Company's Chief Executive Officer pursuant to a Performance Stock Award Agreement, in accordance with the voting results listed below.
Digital Brands Group Inc. published this content on 28 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2023 11:02:42 UTC.
Digital Brands Group, Inc. offers a variety of apparel products through direct-to-consumer and wholesale distribution. The Company's portfolio consists of various brands, including Bailey 44, DSTLD, Stateside and Sundry. DSTLD is a digital direct-to-consumer brand, which offers stylish garments without the luxury retail markup valuing customer experience over labels. Bailey 44 is a wholesale brand, which combines fabrics and on-trend designs to create sophisticated ready-to-wear capsules for women. DSTLD offers stylish high-quality garments without the luxury retail markup valuing customer experience over labels. Stateside is a wholesale brand, which is an elevated brand with all knitting, dyeing, cutting and sewing sourced and manufactured locally in Los Angeles. Sundry offers a collection of womenâs clothing, including dresses, shirts, sweaters, skirts, shorts, athleisure bottoms and other accessory products. Sundryâs products are coastal casual and consist of colorful designs.
DIGITAL BRANDS GROUP, INC. 
