UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~June~~July 2017, 2019

DESTINATION MATERNITY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	0-21196	13-3045573
(State or other jurisdictionof incorporation)	(Commission File Number)	(I.R.S. EmployerIdentification No.)
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

232 Strawbridge Drive

Moorestown, NJ 08057

(Address of principal executive offices)

Registrant’s telephone number, including area code: (856) 291-9700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	DEST	NASDAQ
Common Stock, par value $.01 per share	DEST	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 25.~~05.~~02 ~~Costs~~Departure ~~Associated~~of ~~With~~Directors ~~Exit~~ or ~~Disposal~~Certain ~~Activities~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On ~~June~~July 2017, 2019, ~~Destination~~Christopher ~~Maternity~~Morgan ~~Corporation~~informed (the ~~“Company”)~~Board ~~committed~~of ~~itself~~Directors to (the “Board”) ~~implementation~~ of aDestination ~~reduction in~~Maternity ~~force~~Corporation ~~to position~~ (the “Company”) asthat ahe ~~more~~decided ~~efficient~~to ~~and~~resign ~~profitable~~from ~~organization.~~the ~~The~~Board, ~~Company~~effective ~~plans~~immediately. toMr. Morgan ~~focus~~resigned onfrom athe ~~key~~Board ~~item~~so ~~driven~~that ~~assortment,~~he ~~with~~can dedicate more ~~emphasis~~time onto ~~evergreen~~his ~~product~~other professional ~~and streamlining its product pipeline teams~~responsibilities. ~~This~~His ~~reduction~~resignation ~~in force~~is ~~was~~not ~~announced~~due into aany ~~press~~disagreement ~~release~~with ~~issued by~~ the Company ~~and~~on ~~furnished~~any inmatter relating to the Company’s ~~Current~~operations, ~~Report~~policies onor ~~Form~~practices. ~~8-K~~Current ~~dated~~Board ~~June 24,~~member ~~2019.~~Greg ~~The~~Kleffner ~~reduction~~will inreplace ~~force~~Mr. Morgan ~~was~~as ~~completed~~chair of onthe ~~June 25,~~Audit ~~2019~~Committee.

~~The~~SIGNATURE Company expects to realize cost savings of $4.0 million - $4.5 million on an annualized run-rate basis from these actions. Customary transition assistance will be provided to affected employees. The reduction in force will result in a one-time severance charge of approximately $1.3 million - $1.5 million during the second quarter of 2019, with severance benefits paid out ratably in cash.

~~Forward-Looking~~Pursuant ~~Statements~~to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

This Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions that such forward-looking statements contained in this Form 8-K or made from time to time by management of the Company, including those regarding management changes and various business initiatives, involve risks and uncertainties, and are subject to change based on various important factors. The following factors, among others, could affect the Company’s ability to realize such savings and could cause actual results to differ materially from those expressed or implied in any such forward-looking statements: the strength or weakness of the retail industry in general and of apparel purchases in particular, our ability to successfully manage our various business initiatives, our ability to successfully manage our real estate relationships, overall economic conditions and other factors affecting consumer confidence, demographics and other macroeconomic factors that may impact the level of spending for apparel (such as fluctuations in pregnancy rates and birth rates), availability of suitable store locations, our ability to develop and source merchandise and other factors set forth in the Company’s periodic filings with the U.S. Securities and Exchange Commission, or in materials incorporated therein by reference. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct and persons reading this release are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this Form 8-K. The Company assumes no obligation to update or revise the information contained in this release (whether as a result of new information, future events or otherwise), except as required by applicable law.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 26, 2019	DESTINATION MATERNITY CORPORATION
	By:	/s/ David J. Helkey
		Name: David J. Helkey
		Title: Chief Operating Officer & Chief Financial Officer

DESTINATION MATERNITY CORPORATION

Date: July 22, 2019

/s/ Lisa Gavales

Lisa Gavales

Chair of the Office of the CEO

Filing Compare · Destination Maternity Corp