DXL board unanimously recommends shareholders reject Zodiac's $0.82/share tender offer; earnings call delayed to June 3

DESTINATION XL GROUP, INC.

Board unanimously recommends rejection of Zodiac's $0.82 per share unsolicited tender offer, calling it highly conditional and opportunistic.
Company cites that the offer does not reflect DXL's underlying value and is timed to exploit market dislocation.
DXL filed a formal recommendation on Schedule 14D-9 with the SEC today.
First quarter fiscal 2026 earnings release rescheduled to June 3, 2026; conference call at 9:00 a.m. ET.
Guggenheim Securities acting as financial advisor; Greenberg Traurig as legal advisor.

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