<SEC-DOCUMENT>0000921895-24-001026.txt : 20240503
<SEC-HEADER>0000921895-24-001026.hdr.sgml : 20240503
<ACCEPTANCE-DATETIME>20240503183010
ACCESSION NUMBER:		0000921895-24-001026
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240321
FILED AS OF DATE:		20240503
DATE AS OF CHANGE:		20240503

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pleasant Lake Onshore Feeder Fund LP
		CENTRAL INDEX KEY:			0001567434
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34219
		FILM NUMBER:		24914953

	BUSINESS ADDRESS:	
		STREET 1:		100 CARR 115 UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677
		BUSINESS PHONE:		804-363-4458

	MAIL ADDRESS:	
		STREET 1:		100 CARR 115 UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Fund 1 Investments, LLC
		CENTRAL INDEX KEY:			0001959730
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34219
		FILM NUMBER:		24914954

	BUSINESS ADDRESS:	
		STREET 1:		100 CARR 115
		STREET 2:		UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677
		BUSINESS PHONE:		804-363-4458

	MAIL ADDRESS:	
		STREET 1:		100 CARR 115
		STREET 2:		UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pleasant Lake Partners LLC
		CENTRAL INDEX KEY:			0001580144
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34219
		FILM NUMBER:		24914952

	BUSINESS ADDRESS:	
		STREET 1:		100 CARR 115 UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677
		BUSINESS PHONE:		212-554-0680

	MAIL ADDRESS:	
		STREET 1:		100 CARR 115 UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DESTINATION XL GROUP, INC.
		CENTRAL INDEX KEY:			0000813298
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-FAMILY CLOTHING STORES [5651]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				042623104
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0203

	BUSINESS ADDRESS:	
		STREET 1:		555 TURNPIKE STREET
		CITY:			CANTON
		STATE:			MA
		ZIP:			02021
		BUSINESS PHONE:		7818289300

	MAIL ADDRESS:	
		STREET 1:		555 TURNPIKE STREET
		CITY:			CANTON
		STATE:			MA
		ZIP:			02021

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CASUAL MALE RETAIL GROUP INC
		DATE OF NAME CHANGE:	20020821

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DESIGNS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form313866004_05032024.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2024-03-21</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000813298</issuerCik>
        <issuerName>DESTINATION XL GROUP, INC.</issuerName>
        <issuerTradingSymbol>DXLG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001959730</rptOwnerCik>
            <rptOwnerName>Fund 1 Investments, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>100 CARR 115</rptOwnerStreet1>
            <rptOwnerStreet2>UNIT 1900</rptOwnerStreet2>
            <rptOwnerCity>RINCON</rptOwnerCity>
            <rptOwnerState>PR</rptOwnerState>
            <rptOwnerZipCode>00677</rptOwnerZipCode>
            <rptOwnerStateDescription>PUERTO RICO</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001567434</rptOwnerCik>
            <rptOwnerName>Pleasant Lake Onshore Feeder Fund LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>100 CARR 115 UNIT 1900</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RINCON</rptOwnerCity>
            <rptOwnerState>PR</rptOwnerState>
            <rptOwnerZipCode>00677</rptOwnerZipCode>
            <rptOwnerStateDescription>PUERTO RICO</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001580144</rptOwnerCik>
            <rptOwnerName>Pleasant Lake Partners LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>100 CARR 115 UNIT 1900</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RINCON</rptOwnerCity>
            <rptOwnerState>PR</rptOwnerState>
            <rptOwnerZipCode>00677</rptOwnerZipCode>
            <rptOwnerStateDescription>PUERTO RICO</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5916577</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>37713</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Cash-Settled Total Return Swap</value>
                <footnoteId id="F4"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2026-02-24</value>
                <footnoteId id="F5"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.01 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1176663</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Securities reported herein are held for the benefit of Pleasant Lake Onshore Feeder Fund, LP (the &quot;PL Fund&quot;) and an additional private investment vehicle for which Pleasant Lake Partners LLC (&quot;PLP&quot;) serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.</footnote>
        <footnote id="F2">Securities held for the account of the PL Fund.</footnote>
        <footnote id="F3">Securities held for the account of an unaffiliated private fund for which PLP serves as investment adviser.</footnote>
        <footnote id="F4">PL Fund has entered into certain cash-settled total return swap agreeements (the &quot;Swap Agreements&quot;) with an unaffiliated third party financial institution, which provides PL Fund with economic exposure to an aggregate of 1,176,663 nominal shares of Common Stock. The Swap Agreements provide PL Fund with economic results that are comparable to the economic results of ownership but do not provide PL Fund with the power to vote or direct the voting or dispose of or direct the disposition of the shares of Common Stock that are the subject of the Swaps Agreements (the &quot;Subject Shares&quot;). The Reporting Persons expressly disclaim beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.</footnote>
        <footnote id="F5">The expiration date of the Swap Agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer</signatureName>
        <signatureDate>2024-05-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Pleasant Lake Onshore Feeder Fund, LP, by Pleasant Lake Partners LLC, its Investment Adviser, by Fund 1 Investments, LLC, its Managing Member By: Benjamin C. Cable, Chief Operating Officer</signatureName>
        <signatureDate>2024-05-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Pleasant Lake Partners LLC, by Fund 1 Investments, LLC, its Managing Member By: Benjamin C. Cable, Chief Operating Officer</signatureName>
        <signatureDate>2024-05-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
