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Destination Maternity adds investor to board


Destination Maternity has appointed the managing partner of investment firm Voce Capital to the company's board of directors.

"As a long-term investor in Destination Maternity, we look forward to bringing additional shareholder perspective to the board and continuing to work constructively with the company to help enhance its value," J. Daniel Plants of Voce Capital said.

In connection with the announcement, Destination Maternity and Voce Capital have entered into an agreement. Voce Capital has agreed, among other things, to vote all of its shares in favor of each of the board's nominees at the company's 2015 Annual Meeting of Stockholders.

Anthony M. Romano, CEO of Destination Maternity, said: "We are pleased to have Dan Plants join our Board, and we look forward to the positive contributions he will make to our company."

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