2018 Press Releases

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05/23/18Destination Maternity and Investor Group Announce Preliminary Results from Annual Meeting
Holly N. Alden, Christopher B. Morgan, Marla A. Ryan and Anne-Charlotte Windal Elected as Directors Based on Preliminary Vote Count MOORESTOWN, N.J. & NEW YORK--(BUSINESS WIRE)--May 23, 2018-- Destination Maternity Corporation (NASDAQ:DEST) (“Destination Maternity” or the “Company”), the world's leading maternity apparel retailer – along with Nathan G. Miller and Peter O’Malley (the “Investors”), collective holders of approximately 9% of t... 
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05/21/18Destination Maternity Encourages Stockholders to Vote FOR its Director Nominees on the WHITE Proxy Card
Reaffirms the Board's Commitment to Gender Diversity on the Board and Stockholder Engagement Highlights Risks of Giving Dissident Group Control of Board MOORESTOWN, N.J., May 21, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today issued the following open letter to stockholders regarding its upcoming Annual Meeting of Stockholders scheduled for this Wednesday, May 23, 2018: May 21, 2018 Dear Fellow Stockhol... 
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05/17/18Destination Maternity Sends Letter to Stockholders Regarding Reasons to Vote FOR its Director Nominees on the WHITE Proxy Card
MOORESTOWN, N.J., May 17, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that it has sent a letter to its stockholders. A full copy of the letter can be found below: VOTE FOR ALL OF DESTINATION'S HIGHLY QUALIFIED DIRECTOR NOMINEES ON THE WHITE PROXY CARD TODAY! May 17, 2018 Dear Fellow Stockholders: When determining how to cast your vote at the upcoming 2018 Annual Meeting of Stockholders, we enco... 
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05/14/18Destination Maternity Urges Stockholders to Vote FOR its Four Highly Qualified Director Nominees on the WHITE Proxy Card
Leading Independent Proxy Advisor Recommends Stockholders Vote "FOR" All Four Destination Nominees Company's Highly Qualified Nominees and Detailed Go-Forward Strategy are a Stark Contrast to Dissident Group's Nominees and Lack of Plan Dissident Group's Repeated Attempts to Gain Control of the Company and Refusal of Reasonable Settlement Offers are Highly Concerning MOORESTOWN, N.J., May 14, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading mat... 
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05/11/18ISS Joins Fellow Proxy Advisory Firm Glass Lewis in Recommending Destination Maternity Stockholders Vote on the Company's White Proxy Card
ISS Recommends that Stockholders DO NOT VOTE on the Gold Proxy Card for any Nominee of the Miller Group Report Details Risks Associated with Electing Dissident Group Slate, Cautions Against Giving the Miller Group Control of the Company Company Urges Stockholders to Vote "FOR" Barry Erdos, Melissa Payner-Gregor, Peter Longo and Pierre-André Mestre on the WHITE Proxy Card MOORESTOWN, N.J., May 11, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leadin... 
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05/11/18Leading Proxy Advisory Firm Glass Lewis Recommends Destination Maternity Stockholders Vote "FOR" All Destination Nominees
Urges Stockholders to Follow Glass Lewis' Recommendation and Vote Destination's Nominees Using the WHITE Proxy Card MOORESTOWN, N.J., May 11, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that leading independent proxy advisory firm Glass, Lewis & Co., LLC ("Glass Lewis") has recommended that Destination stockholders vote on the WHITE proxy card "FOR" the Company's highly qualified slate of nominees... 
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05/04/18Destination Maternity Responds to Dissident Group Seeking Company Control at 2018 Annual Meeting
Reiterates that the Company's Slate of Highly Qualified Nominees Represents the Best Path forward for Destination Maternity's Stockholders Casts Doubt on Ability of Dissident Group's Alternate Slate to Create Value for Destination Stockholders Highlights Misalignment between Dissident Goals and Broader Stockholder Interests MOORESTOWN, N.J., May 4, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced tha... 
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04/19/18Destination Maternity Reports Fourth Quarter And Fiscal 2017 Results
- E-commerce sales rise 60% from prior year fourth quarter - Comparable retail sales rise 5.2% from prior year fourth quarter - Gross margin expands 20 basis points in fiscal 2017 from fiscal 2016 - Selling, General and Administrative expenses decline $5.2 million in fiscal 2017 - on track to exceed the Company's expectation to generate $10 million in annualized savings MOORESTOWN, N.J., April 19, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's lead... 
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04/16/18Destination Maternity Corporation Announces Conference Call for Fourth Quarter and Full Year Fiscal 2017 Financial Results Thursday, April 19, 2018 9:00 a.m. Eastern Time
MOORESTOWN, N.J., April 16, 2018 /PRNewswire/ -- Destination Maternity Corporation (Nasdaq: DEST), today announced that the release of its fourth quarter and full year fiscal 2017 financial results will take place on Thursday, April 19, 2018. Results will be released over PR Newswire at approximately 6:45 a.m. Eastern Time. Members of its senior management will hold a conference call at 9:00 a.m. Eastern Time, to discuss its results. Investors and analysts can participate in this conference c... 
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04/03/18Destination Maternity Appoints Two New Directors
MOORESTOWN, N.J., April 3, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that Pierre-André Mestre, Chairman of the Board of Directors of French children's clothing retailer Orchestra-Prémaman, and Jean-Claude Jacomin, an accomplished international C-Suite executive, have been elected to and seated on the Company's Board of Directors. With these additions, Destination's Board will expand to six members. Messr... 
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02/28/18Destination Maternity Announces Date Of Annual Meeting Of Stockholders
MOORESTOWN, N.J., Feb. 28, 2018 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that the 2018 annual meeting of stockholders will be held on Wednesday, May 23, 2018, at its corporate headquarters, 232 Strawbridge Drive, Moorestown, NJ.  Stockholders of record as of the close of business on April 11, 2018 will be entitled to receive notice of and to vote at the meeting. About Destination Maternity Destination Ma... 
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02/01/18Destination Maternity Strengthens Balance Sheet
- Secures 5-year $25 million term loan to repay existing term loan - - Extends Wells Fargo revolving credit agreement - MOORESTOWN, N.J., Feb. 1, 2018 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) announced today that it has taken significant steps to strengthen its balance sheet and enhance its financial capacity and flexibility.  The Company has entered into a new five-year $25 million senior secured term loan facility with Pathlight Capital LLC and Wells Fargo Bank, N.A.  The new... 
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01/03/18Destination Maternity Updates on CEO Transition Plan
- Independent Director Melissa Payner-Gregor to serve as Interim CEO - MOORESTOWN, N.J., Jan. 3, 2018 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) announced today the appointment of Melissa Payner-Gregor, an independent director of the Company, as Interim Chief Executive Officer, effective immediately.  Ms. Payner-Gregor is succeeding Allen Weinstein, who had been serving in the role since September 2017.  Mr. Weinstein has decided to retire from the Board for personal reasons, also e... 
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