Designer Brands Inc. filed SEC Form 8-K: Other Events
$DBI
Clothing/Shoe/Accessory Stores
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 9, 2026
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Item 8.01 Other Events.
As previously disclosed by Designer Brands Inc. (the “Company”) in a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2026, the Court of Common Pleas, in Franklin County, Ohio (the “Court”), issued a temporary restraining order on January 28, 2026, enjoining Worldpay, LLC fka Vantiv, LLC (“Worldpay”) from terminating that certain Bank Card Merchant Agreement, dated on or about September 12, 2014, as amended (the “Agreement”) and ceasing its performance under the Agreement prior to May 31, 2026 (the “Action”). Worldpay provides the Company and its affiliates with credit and debit card processing services for in-store and online transactions (the “Services”) pursuant to the Agreement.
On February 9, 2026, the Company and Worldpay entered into an amendment to the Agreement (“the Omnibus Amendment”), pursuant to which, among other things, the January 2026 termination notice was withdrawn, and Worldpay and its affiliates agreed to continue to provide the Company and its affiliates with Services for a transition period ending no later than May 31, 2026, unless otherwise amended by the parties (the “Transition Period”).
The Company has identified several existing partners capable of providing the Services and is taking all necessary steps to expeditiously transition the Services on or before the end of the Transition Period.
The Company and Worldpay are planning on resolving the Action by filing a stipulated dismissal with prejudice.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believes,” “could,” “continues,” “expect,” “may,” “plan,” “will,” “intends,” “should,” “would,” or the negative of such terms, or other comparable terminology, and include statements about the Omnibus Amendment, the temporary restraining order, and the transition of Services to a new vendor. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors. These forward-looking statements and such risks, uncertainties, and other factors speak only as of the date of this Current Report on Form 8-K, and the Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, or to reflect any change in our expectations with regard thereto or any other change in events, conditions, or circumstance on which any such statement is based, except to the extent otherwise required by applicable law.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Designer Brands Inc. | ||||||||||||||
| By: | /s/ Lisa M. Yerrace | |||||||||||||
| Lisa M. Yerrace | ||||||||||||||
| Senior Vice President, General Counsel and Corporate Secretary | ||||||||||||||
| Date: | February 9, 2026 | |||||||||||||