8-K filed January 5, 2023, 6:59 PM ET ticker DBI CIK 0001319947

leadership confidence high sentiment neutral materiality 0.70

Designer Brands CEO transition: Rawlins to step down April 1, Howe appointed

Designer Brands Inc.

CEO Roger Rawlins steps down effective April 1, 2023; will serve as strategic advisor for 12 months.
Doug Howe, current President of DSW, appointed CEO and Class II director effective same date.
Rawlins receives $1.95M cash payments over 18 months, equity vesting, and COBRA reimbursement.
Howe's base salary raised to $1.2M, target bonus 150% of salary, annual equity target $4.5M (50% PSUs, 50% RSUs).
Fiscal 2022 guidance reiterated: diluted EPS $1.75-$1.80, comparable sales growth mid-single digits.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Doug Howe

Class II Director

DBI · Designer Brands Inc.

Effective: 2023-04-01
Filed: January 5, 2023, 6:59 PM ET

Doug Howe, who currently serves as the Company’s Executive Vice President and President of DSW Designer Shoe Warehouse, will assume the CEO role and join the Board as a Class II director.

Appointed

Doug Howe

Chief Executive Officer

DBI · Designer Brands Inc.

Effective: 2023-04-01
Filed: January 5, 2023, 6:59 PM ET

Doug Howe, who currently serves as the Company’s Executive Vice President and President of DSW Designer Shoe Warehouse, will assume the CEO role and join the Board as a Class II director.

Departed

Roger Rawlins

Chief Executive Officer

DBI · Designer Brands Inc.

Effective: 2023-04-01
Successor: Doug Howe
Filed: January 5, 2023, 6:59 PM ET

the Company’s current CEO, Roger Rawlins, will step down from his role as CEO and as a member of the Board effective April 1, 2023

Departed

Roger Rawlins

Director

DBI · Designer Brands Inc.

Effective: 2023-04-01
Successor: Doug Howe
Filed: January 5, 2023, 6:59 PM ET

the Company’s current CEO, Roger Rawlins, will step down from his role as CEO and as a member of the Board effective April 1, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Doug Howe was appointed as Class II Director at Designer Brands Inc..

Action: appointed
Role: Class II Director

Exact text from the filing

Doug Howe, who currently serves as the Company’s Executive Vice President and President of DSW Designer Shoe Warehouse, will assume the CEO role and join the Board as a Class II director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Doug Howe was appointed as Chief Executive Officer at Designer Brands Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Doug Howe, who currently serves as the Company’s Executive Vice President and President of DSW Designer Shoe Warehouse, will assume the CEO role and join the Board as a Class II director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Roger Rawlins departed as Chief Executive Officer at Designer Brands Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

the Company’s current CEO, Roger Rawlins, will step down from his role as CEO and as a member of the Board effective April 1, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Roger Rawlins departed as Director at Designer Brands Inc..

Action: stepped down
Role: Director

Exact text from the filing

the Company’s current CEO, Roger Rawlins, will step down from his role as CEO and as a member of the Board effective April 1, 2023

View on SEC.gov

Designer Brands Inc. filing history →

Source: SEC EDGAR

accession 0001319947-23-000002

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