Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 63)
Destination XL Group, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
25065K104
(CUSIP Number)
Seymour Holtzman
c/o Jewelcor Companies
100 N. Wilkes Barre Blvd.
Wilkes-Barre, Pennsylvania 18702
(570) 822-6277
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 10, 2023
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the following box ☐.
| CUSIP No. 25065K104 | 13D |
| 1. |
Names of Reporting Persons
Seymour Holtzman | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
PF | |||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6. | Citizenship or Place of Organization
United States of America | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
3,667,591 (1) | ||||
| 8. | Shared Voting Power
0 | |||||
| 9. | Sole Dispositive Power
3,667,591 (1) | |||||
| 10. | Shared Dispositive Power
0 | |||||
| 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,667,591 (1) – See Item 5. | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row 11
5.9% | |||||
| 14. | Type of Reporting Person (See Instructions)
IN | |||||
| (1) | Includes 278,733 shares of Common Stock owned by Jewelcor Management, Inc. Mr. Holtzman is an indirect controlling shareholder of Jewelcor Management, Inc. |
| CUSIP No. 25065K104 | 13D |
| 1. |
Names of Reporting Persons
Evelyn Holtzman | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
NA | |||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6. | Citizenship or Place of Organization
United States of America | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
| 8. | Shared Voting Power
0 | |||||
| 9. | Sole Dispositive Power
0 | |||||
| 10. | Shared Dispositive Power
0 | |||||
| 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
See Item 5. | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row 11
See Item 5. | |||||
| 14. | Type of Reporting Person (See Instructions)
IN | |||||
| CUSIP No. 25065K104 | 13D |
| 1. |
Names of Reporting Persons
Jewelcor Management, Inc. 23-2331228 | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
NA | |||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Nevada | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
278,733 | ||||
| 8. | Shared Voting Power
0 | |||||
| 9. | Sole Dispositive Power
278,733 | |||||
| 10. | Shared Dispositive Power
0 | |||||
| 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
278,733 - See Item 5. | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row 11
0.4% | |||||
| 14. | Type of Reporting Person (See Instructions)
CO | |||||
This Amendment No. 63 amends and supplements the Schedule 13D, dated November 27, 1998, as amended to date (the “Schedule 13D”), originally filed with the Securities and Exchange Commission by Jewelcor Management, Inc. (“JMI”) and others with respect to the common stock, $.01 par value (the “Common Stock”), of Destination XL Group, Inc. (FKA Casual Male Retail Group, Inc.), a Delaware corporation (the “Issuer”). The address of the principal business and principal offices of the Issuer is 555 Turnpike Street, Canton, Massachusetts, 02021.
| CU SIP No. 25065K104 | 13D |
| ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER. |
Item 5(a) of the Schedule 13D is hereby amended and supplemented as follows:
As of January 12, 2023, the Reporting Persons, except for JMI, included in this filing may be deemed to be the beneficial owners of 3,667,591 shares of the Issuer’s Common Stock, representing an aggregate of approximately 5.9% of the outstanding shares of the Issuer’s Common Stock based upon the 62,469,259 shares of Common Stock outstanding as of November 11, 2022 as reported by the Issuer in its Form 10-Q filed on November 17, 2022. Such amount includes 278,733 shares of Common Stock owned by JMI. Mr. Holtzman is an indirect controlling shareholder of JMI.
As of January 12, 2023, JMI beneficially owns 278,733 shares of the Issuer’s Common Stock, representing an aggregate of approximately 0.4% of the outstanding shares of the Issuer’s Common Stock. Mr. Holtzman is an indirect controlling shareholder of JMI.
As of January 12, 2023, the Reporting Persons beneficially own an aggregate of 3,667,591 shares of the Issuer’s Common Stock, representing an aggregate of approximately 5.9% of the outstanding shares of the Issuer’s Common Stock based upon the 62,469,259 shares of Common Stock outstanding.
| CUSIP No. 25065K104 | 13D |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| January 12, 2023 |
| (Date)
|
| /S/ Seymour Holtzman |
| Seymour Holtzman |
| /S/ Evelyn Holtzman |
| Evelyn Holtzman |
| JEWELCOR MANAGEMENT, INC. | ||
| By: | /S/ Seymour Holtzman | |
| Name: | Seymour Holtzman | |
| Title: | President | |