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[8-K] Designer Brands Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Designer Brands Inc. (NYSE: DBI) filed an 8-K disclosing final voting results from its 18 June 2025 Annual Meeting (Item 5.07). Shareholders re-elected all four Class III directors—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau and Joseph A. Schottenstein—to new terms ending in 2028. Support levels were high (≈89%-99%), although Ms. Lau recorded the lowest approval at 89.1%.

The meeting also saw a 99.5% vote in favor of retaining Deloitte & Touche LLP as independent auditor for FY 2025, reinforcing auditor continuity. In the non-binding “say-on-pay” ballot, 91.3% of votes supported FY 2024 executive compensation, indicating broad but not unanimous endorsement of the Company’s pay practices. No other material actions or corporate transactions were reported.

Overall, the results signal stable corporate governance with no surprises likely to affect near-term valuation or strategic direction.

Designer Brands Inc. (NYSE: DBI) ha presentato un modulo 8-K comunicando i risultati finali delle votazioni dell'Assemblea Annuale del 18 giugno 2025 (Voce 5.07). Gli azionisti hanno rieletto tutti e quattro i direttori di Classe III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau e Joseph A. Schottenstein—a nuovi mandati con scadenza nel 2028. I livelli di supporto sono stati elevati (circa 89%-99%), sebbene la signora Lau abbia ottenuto l'approvazione più bassa, pari al 89,1%.

Durante l'assemblea è stato inoltre approvato con il 99,5% dei voti il mantenimento di Deloitte & Touche LLP come revisore indipendente per l'anno fiscale 2025, garantendo continuità nella revisione contabile. Nella votazione consultiva sul compenso (“say-on-pay”), il 91,3% dei voti ha sostenuto la remunerazione degli executive per il 2024, indicando un ampio ma non unanime consenso sulle politiche retributive della Società. Non sono state riportate altre azioni rilevanti o operazioni societarie.

In generale, i risultati indicano una governance aziendale stabile senza sorprese che possano influenzare la valutazione a breve termine o la direzione strategica.

Designer Brands Inc. (NYSE: DBI) presentó un formulario 8-K divulgando los resultados finales de las votaciones en su Junta Anual del 18 de junio de 2025 (Punto 5.07). Los accionistas reelegieron a los cuatro directores de Clase III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau y Joseph A. Schottenstein—para nuevos mandatos que finalizarán en 2028. Los niveles de apoyo fueron altos (≈89%-99%), aunque la Sra. Lau registró la aprobación más baja con un 89,1%.

La reunión también contó con un 99,5% de votos a favor de mantener a Deloitte & Touche LLP como auditor independiente para el año fiscal 2025, reforzando la continuidad del auditor. En la votación consultiva “say-on-pay”, el 91,3% de los votos apoyaron la compensación ejecutiva del año fiscal 2024, lo que indica un amplio pero no unánime respaldo a las prácticas salariales de la Compañía. No se reportaron otras acciones o transacciones corporativas relevantes.

En conjunto, los resultados señalan una gobernanza corporativa estable sin sorpresas que puedan afectar la valoración a corto plazo o la dirección estratégica.

Designer Brands Inc. (NYSE: DBI)는 2025년 6월 18일 연례 주주총회 최종 투표 결과를 담은 8-K 보고서(Item 5.07)를 제출했습니다. 주주들은 4명의 클래스 III 이사 전원을 재선출했으며, 대상자는 John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau, Joseph A. Schottenstein로 이들의 임기는 2028년까지입니다. 지지율은 약 89%에서 99% 사이로 높았으나, Lau 씨가 89.1%로 가장 낮은 승인율을 기록했습니다.

총회에서는 또한 FY 2025 회계연도 독립 감사인으로 Deloitte & Touche LLP를 99.5% 찬성으로 유지하기로 결정하여 감사의 연속성을 강화했습니다. 비구속적인 “급여 승인” 투표에서는 91.3%가 2024 회계연도 임원 보상을 지지하여 회사의 보상 정책에 대해 광범위하지만 만장일치에 이르지는 않은 지지를 보여주었습니다. 기타 중요한 조치나 기업 거래는 보고되지 않았습니다.

전반적으로 이번 결과는 단기적인 가치 평가나 전략적 방향에 영향을 미칠 만한 놀라움 없이 안정적인 기업 지배구조를 나타냅니다.

Designer Brands Inc. (NYSE : DBI) a déposé un formulaire 8-K divulguant les résultats finaux des votes lors de son Assemblée Générale Annuelle du 18 juin 2025 (point 5.07). Les actionnaires ont réélu les quatre administrateurs de la Classe III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau et Joseph A. Schottenstein—pour de nouveaux mandats se terminant en 2028. Les niveaux de soutien étaient élevés (≈89%-99%), bien que Mme Lau ait obtenu la plus faible approbation avec 89,1 %.

L’assemblée a également enregistré un vote favorable à 99,5 % pour le maintien de Deloitte & Touche LLP en tant qu’auditeur indépendant pour l’exercice 2025, renforçant ainsi la continuité de l’audit. Lors du vote consultatif « say-on-pay », 91,3 % des voix ont soutenu la rémunération des dirigeants pour l’exercice 2024, indiquant un large soutien, bien que non unanime, aux pratiques salariales de la Société. Aucune autre action ou transaction importante n’a été signalée.

Dans l’ensemble, les résultats témoignent d’une gouvernance d’entreprise stable, sans surprise susceptible d’affecter la valorisation à court terme ou l’orientation stratégique.

Designer Brands Inc. (NYSE: DBI) hat einen 8-K-Bericht eingereicht, in dem die endgültigen Abstimmungsergebnisse der Hauptversammlung vom 18. Juni 2025 (Punkt 5.07) offengelegt werden. Die Aktionäre haben alle vier Direktoren der Klasse III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau und Joseph A. Schottenstein—für neue Amtszeiten bis 2028 wiedergewählt. Die Zustimmungsraten waren hoch (ca. 89%-99%), wobei Frau Lau mit 89,1% die niedrigste Zustimmung erhielt.

Die Versammlung stimmte außerdem mit 99,5% für die Beibehaltung von Deloitte & Touche LLP als unabhängigen Abschlussprüfer für das Geschäftsjahr 2025, was die Kontinuität des Prüfers stärkt. Bei der nicht bindenden „Say-on-Pay“-Abstimmung unterstützten 91,3% der Stimmen die Vergütung der Geschäftsleitung für das Geschäftsjahr 2024, was auf eine breite, wenn auch nicht einstimmige Zustimmung zu den Vergütungspraktiken des Unternehmens hinweist. Weitere wesentliche Maßnahmen oder Unternehmensgeschäfte wurden nicht gemeldet.

Insgesamt deuten die Ergebnisse auf eine stabile Unternehmensführung hin, ohne Überraschungen, die die kurzfristige Bewertung oder strategische Ausrichtung beeinflussen könnten.

Positive
  • All Class III directors re-elected, ensuring board continuity through 2028.
  • Auditor Deloitte & Touche LLP ratified with 99.5% support, signaling investor confidence in financial reporting.
  • Say-on-pay achieved 91.3% approval, indicating broad shareholder alignment on executive compensation.
Negative
  • Director Joanna T. Lau received a 10.9% withhold vote, higher dissent than peers, hinting at isolated governance concerns.

Insights

TL;DR: Routine meeting; high approval for board, auditor and pay; one director receives modestly higher dissent.

Shareholder sentiment toward Designer Brands remains favorable. Re-election percentages above 98% for three directors and 89% for Ms. Lau indicate minimal governance friction. Ratification of Deloitte at 99.5% eliminates audit-related risk. The 91% say-on-pay approval suggests investors are broadly comfortable with remuneration, though 8% opposition plus 6% abstentions warrant monitoring, particularly if performance lags. Overall governance risk profile remains low.

TL;DR: Neutral event; confirms stability, no impact on cash flows or valuation.

The 8-K contains no financial metrics, capital allocation changes, or strategic announcements—only voting outcomes. Because all proposals passed easily, there is no catalyst for share-price movement. Slightly elevated withhold on Joanna Lau and >6 million abstentions on pay are worth flagging, but not yet material. I view the filing as administratively necessary and non-impactful for portfolio positioning.

Designer Brands Inc. (NYSE: DBI) ha presentato un modulo 8-K comunicando i risultati finali delle votazioni dell'Assemblea Annuale del 18 giugno 2025 (Voce 5.07). Gli azionisti hanno rieletto tutti e quattro i direttori di Classe III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau e Joseph A. Schottenstein—a nuovi mandati con scadenza nel 2028. I livelli di supporto sono stati elevati (circa 89%-99%), sebbene la signora Lau abbia ottenuto l'approvazione più bassa, pari al 89,1%.

Durante l'assemblea è stato inoltre approvato con il 99,5% dei voti il mantenimento di Deloitte & Touche LLP come revisore indipendente per l'anno fiscale 2025, garantendo continuità nella revisione contabile. Nella votazione consultiva sul compenso (“say-on-pay”), il 91,3% dei voti ha sostenuto la remunerazione degli executive per il 2024, indicando un ampio ma non unanime consenso sulle politiche retributive della Società. Non sono state riportate altre azioni rilevanti o operazioni societarie.

In generale, i risultati indicano una governance aziendale stabile senza sorprese che possano influenzare la valutazione a breve termine o la direzione strategica.

Designer Brands Inc. (NYSE: DBI) presentó un formulario 8-K divulgando los resultados finales de las votaciones en su Junta Anual del 18 de junio de 2025 (Punto 5.07). Los accionistas reelegieron a los cuatro directores de Clase III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau y Joseph A. Schottenstein—para nuevos mandatos que finalizarán en 2028. Los niveles de apoyo fueron altos (≈89%-99%), aunque la Sra. Lau registró la aprobación más baja con un 89,1%.

La reunión también contó con un 99,5% de votos a favor de mantener a Deloitte & Touche LLP como auditor independiente para el año fiscal 2025, reforzando la continuidad del auditor. En la votación consultiva “say-on-pay”, el 91,3% de los votos apoyaron la compensación ejecutiva del año fiscal 2024, lo que indica un amplio pero no unánime respaldo a las prácticas salariales de la Compañía. No se reportaron otras acciones o transacciones corporativas relevantes.

En conjunto, los resultados señalan una gobernanza corporativa estable sin sorpresas que puedan afectar la valoración a corto plazo o la dirección estratégica.

Designer Brands Inc. (NYSE: DBI)는 2025년 6월 18일 연례 주주총회 최종 투표 결과를 담은 8-K 보고서(Item 5.07)를 제출했습니다. 주주들은 4명의 클래스 III 이사 전원을 재선출했으며, 대상자는 John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau, Joseph A. Schottenstein로 이들의 임기는 2028년까지입니다. 지지율은 약 89%에서 99% 사이로 높았으나, Lau 씨가 89.1%로 가장 낮은 승인율을 기록했습니다.

총회에서는 또한 FY 2025 회계연도 독립 감사인으로 Deloitte & Touche LLP를 99.5% 찬성으로 유지하기로 결정하여 감사의 연속성을 강화했습니다. 비구속적인 “급여 승인” 투표에서는 91.3%가 2024 회계연도 임원 보상을 지지하여 회사의 보상 정책에 대해 광범위하지만 만장일치에 이르지는 않은 지지를 보여주었습니다. 기타 중요한 조치나 기업 거래는 보고되지 않았습니다.

전반적으로 이번 결과는 단기적인 가치 평가나 전략적 방향에 영향을 미칠 만한 놀라움 없이 안정적인 기업 지배구조를 나타냅니다.

Designer Brands Inc. (NYSE : DBI) a déposé un formulaire 8-K divulguant les résultats finaux des votes lors de son Assemblée Générale Annuelle du 18 juin 2025 (point 5.07). Les actionnaires ont réélu les quatre administrateurs de la Classe III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau et Joseph A. Schottenstein—pour de nouveaux mandats se terminant en 2028. Les niveaux de soutien étaient élevés (≈89%-99%), bien que Mme Lau ait obtenu la plus faible approbation avec 89,1 %.

L’assemblée a également enregistré un vote favorable à 99,5 % pour le maintien de Deloitte & Touche LLP en tant qu’auditeur indépendant pour l’exercice 2025, renforçant ainsi la continuité de l’audit. Lors du vote consultatif « say-on-pay », 91,3 % des voix ont soutenu la rémunération des dirigeants pour l’exercice 2024, indiquant un large soutien, bien que non unanime, aux pratiques salariales de la Société. Aucune autre action ou transaction importante n’a été signalée.

Dans l’ensemble, les résultats témoignent d’une gouvernance d’entreprise stable, sans surprise susceptible d’affecter la valorisation à court terme ou l’orientation stratégique.

Designer Brands Inc. (NYSE: DBI) hat einen 8-K-Bericht eingereicht, in dem die endgültigen Abstimmungsergebnisse der Hauptversammlung vom 18. Juni 2025 (Punkt 5.07) offengelegt werden. Die Aktionäre haben alle vier Direktoren der Klasse III—John W. Atkinson, Elaine J. Eisenman, Joanna T. Lau und Joseph A. Schottenstein—für neue Amtszeiten bis 2028 wiedergewählt. Die Zustimmungsraten waren hoch (ca. 89%-99%), wobei Frau Lau mit 89,1% die niedrigste Zustimmung erhielt.

Die Versammlung stimmte außerdem mit 99,5% für die Beibehaltung von Deloitte & Touche LLP als unabhängigen Abschlussprüfer für das Geschäftsjahr 2025, was die Kontinuität des Prüfers stärkt. Bei der nicht bindenden „Say-on-Pay“-Abstimmung unterstützten 91,3% der Stimmen die Vergütung der Geschäftsleitung für das Geschäftsjahr 2024, was auf eine breite, wenn auch nicht einstimmige Zustimmung zu den Vergütungspraktiken des Unternehmens hinweist. Weitere wesentliche Maßnahmen oder Unternehmensgeschäfte wurden nicht gemeldet.

Insgesamt deuten die Ergebnisse auf eine stabile Unternehmensführung hin, ohne Überraschungen, die die kurzfristige Bewertung oder strategische Ausrichtung beeinflussen könnten.

0001319947false00013199472024-06-202024-06-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 18, 2025
Designer Brands Inc.
(Exact name of registrant as specified in its charter)
     
Ohio 001-32545 31-0746639
(State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
   
810 DSW Drive, Columbus, Ohio
 43219
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (614) 237-7100
 
 N/A
(Former name or former address if changed since last report.)
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 classTrading Symbol(s)Name of each exchange on which registered
Class A Common Shares, without par valueDBINew York Stock Exchange
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 5.07 Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, the Company’s shareholders considered and voted on the matters set forth below, each of which is described in greater detail in the Company’s definitive proxy statement filed with the SEC on May 5, 2025 (the “Proxy Statement”). Set forth below are the final voting results for each of the proposals submitted to a vote of the shareholders at the Annual Meeting.

Proposal 1: Election of Four Class III Director Nominees

Voting results regarding the election of four Class III director nominees were as follows:

Name of Nominee
Votes For
Votes Withheld
Broker Non-Votes
John W. Atkinson85,891,625632,7658,844,248
Elaine J. Eisenman85,682,002842,3888,844,248
Joanna T. Lau77,120,9759,403,4158,844,248
Joseph A. Schottenstein85,608,204916,1868,844,248

Based on the voting results set forth above, Messrs. John W. Atkinson and Joseph A. Schottenstein and Mses. Elaine J. Eisenman and Joanna T. Lau were each duly elected as Class III directors with terms expiring at the Company's 2028 Annual Meeting of shareholders.

Proposal 2: Ratification of Appointment of Deloitte & Touche LLP

Voting results regarding the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2026 were as follows:

Votes For
Votes Against
Abstentions
Broker Non-Votes
94,937,854417,98912,795

Based on the voting results set forth above, the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2026 was duly ratified.

Proposal 3: Advisory Approval of Named Executive Officer Fiscal 2024 Compensation

Voting results regarding the non-binding, advisory vote on the fiscal 2024 compensation of the Company’s named executive officers as reported in the Proxy Statement were as follows:

Votes For
Votes Against
Abstentions
Broker Non-Votes
79,030,5601,938,0535,555,7778,844,248

Based on the voting results set forth above, the fiscal 2024 compensation of the Company’s named executive officers was approved on an advisory basis.






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.  
Designer Brands Inc.
By:/s/ Lisa M. Yerrace
Lisa M. Yerrace
Senior Vice President, General Counsel and Corporate Secretary
Date:June 20, 2025


FAQ

What were the 2025 Annual Meeting results for Designer Brands (DBI)?

All four Class III directors were re-elected, the auditor was ratified, and say-on-pay passed with 91.3% support.

Which director received the lowest support at DBI's 2025 meeting?

Joanna T. Lau, with 89.1% of votes cast in favor and 10.9% withheld.

Did shareholders approve Designer Brands' 2024 executive compensation?

Yes. 79.0 million votes (91.3%) were cast in favor versus 1.9 million against.

Was Deloitte & Touche LLP reappointed as DBI's auditor?

Yes. 99.5% of votes supported retaining Deloitte & Touche LLP for FY 2025.

Does the 8-K include any financial results or guidance?

No. The filing strictly covers shareholder voting outcomes; no earnings or guidance were provided.
Designer Brands Inc

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