---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-162995"
form_type: "8-K"
ticker: "DBI"
cik: "0001319947"
company_name: "Designer Brands Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T04:45:51.486376+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Designer Brands to repurchase up to $100M of common shares via Dutch auction at $7-$8/share

## Summary
- Buyback represents ~22-25% of outstanding Class A shares; funded by new $135M term loan.
- Tender offer runs June 8 to July 7, 2023; price range $7.00-$8.00 per share.
- CEO Doug Howe cites belief in long-term value and attractive stock prices.
- Executive officers and directors, including Executive Chairman Schottenstein, will not tender shares.
- BofA Securities and BMO Capital Markets act as dealer managers; Centerview Partners as financial advisor.

## SEC filing metadata
- accession: 0001193125-23-162995
- form_type: 8-K
- ticker: DBI
- cik: 0001319947
- company_name: Designer Brands Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319947/000119312523162995/0001193125-23-162995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319947/000119312523162995/d518768d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-162995
- JSON: https://secwatch.observer/filing/0001193125-23-162995.json
- Plain text: https://secwatch.observer/filing/0001193125-23-162995.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.