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DIGITAL BRANDS GROUP INC. ANNOUNCES DATE FOR 2023 ANNUAL MEETING OF SHAREHOLDERS
AUSTIN, Texas, Nov. 10, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ: DBGI), today announced that the
About this update from Digital Brands Group, Inc.
[{"type":"text","content":"AUSTIN, Texas, Nov. 10, 2023 /PRNewswire/ -- Digital Brands Group, Inc. (\"we\", \"us\", \"DBG\" or the \"Company\") (NASDAQ: DBGI), today announced that the Company's 2023 Annual Meeting of Shareholders (\"Annual Meeting\") will be held virtually on Friday, December 22, 2023, at 9:30 a.m. ET. The agenda of the Annual Meeting includes proposals to: elect five directors, approve an amendment to the Company's 2020 Omnibus Incentive Stock Plan (the \"2020 Plan\") to increase the aggregate number of shares of Common Stock authorized for issuance under the 2020 Plan, approve a CEO performance stock award agreement in compliance with Nasdaq rules and to ratify the Company's appointment of Macias Gini & O'Connell LLP as the Company's independent registered public accounting firm for the year ended December 31, 2023. Additional information regarding the Company's Annual Meeting will be disclosed in the Company's Definitive Proxy Statement to be sent to shareholders entitled to notice of and to vote at the Annual Meeting.\n\nThe record date for the determination of shareholders of the Company entitled to receive notice of and to vote at the Annual Meeting has been set as the close of business on November 7, 2023. Because the date of the Annual Meeting will be held more than 30 days after the anniversary date of the Company's 2022 annual meeting of shareholders, pursuant to Rule 14a-8 (\"Rule 14a-8\") under the Securities and Exchange Act of 1934, as amended (the \"Exchange Act\"), the Company is setting a deadline for receipt of Rule 14a-8 shareholder proposals that is a reasonable time before the Company expects to begin to print and send its proxy materials. Accordingly, the Company has fixed the new deadline for the submission of proposals to be included in the proxy statement for the Annual Meeting as November 20, 2023. Any proposal submitted after the above deadline will not be considered timely and will be excluded from the Company's proxy materials. Shareholder proposals must comply with the Company's Bylaws and the U.S. Securities and Exchange Commission's (the \"SEC\") rules regarding the inclusion of stockholder proposals in proxy materials and the Company may omit from its proxy materials any proposal that does not comply with the SEC's rules.\nPursuant to the Company's Bylaws, any shareholder who wishes to make a nomination o...