0000950170-25-052295.txt : 20250408 0000950170-25-052295.hdr.sgml : 20250408 20250408213005 ACCESSION NUMBER: 0000950170-25-052295 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250404 FILED AS OF DATE: 20250408 DATE AS OF CHANGE: 20250408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SH Capital Partners, L.P. CENTRAL INDEX KEY: 0001497279 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32545 FILM NUMBER: 25823404 BUSINESS ADDRESS: STREET 1: 1019 KANE CONCOURSE STREET 2: SUITE 202 CITY: BAY HARBOR ISLANDS STATE: FL ZIP: 33154 BUSINESS PHONE: (212) 543-1500 MAIL ADDRESS: STREET 1: 1019 KANE CONCOURSE STREET 2: SUITE 202 CITY: BAY HARBOR ISLANDS STATE: FL ZIP: 33154 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cohen Mark Alexander CENTRAL INDEX KEY: 0001591240 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32545 FILM NUMBER: 25823403 MAIL ADDRESS: STREET 1: 950 THIRD AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stone House Capital Management, LLC CENTRAL INDEX KEY: 0001589943 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32545 FILM NUMBER: 25823405 BUSINESS ADDRESS: STREET 1: 1019 KANE CONCOURSE STREET 2: SUITE 202 CITY: BAY HARBOR ISLANDS STATE: FL ZIP: 33154 BUSINESS PHONE: (212) 543-1500 MAIL ADDRESS: STREET 1: 1019 KANE CONCOURSE STREET 2: SUITE 202 CITY: BAY HARBOR ISLANDS STATE: FL ZIP: 33154 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Designer Brands Inc. CENTRAL INDEX KEY: 0001319947 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-SHOE STORES [5661] ORGANIZATION NAME: 07 Trade & Services EIN: 310746639 STATE OF INCORPORATION: OH FISCAL YEAR END: 0203 BUSINESS ADDRESS: STREET 1: 810 DSW DRIVE CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: (614) 237-7100 MAIL ADDRESS: STREET 1: 810 DSW DRIVE CITY: COLUMBUS STATE: OH ZIP: 43219 FORMER COMPANY: FORMER CONFORMED NAME: DSW Inc. DATE OF NAME CHANGE: 20050307 4 1 ownership.xml 4 X0508 4 2025-04-04 0001319947 Designer Brands Inc. DBI 0001589943 Stone House Capital Management, LLC 1019 KANE CONCOURSE, SUITE 202 BAY HARBOR ISLANDS FL 33154 false false false true Member of a 10% Group 0001497279 SH Capital Partners, L.P. 1019 KANE CONCOURSE, SUITE 202 BAY HARBOR ISLANDS FL 33154 false false true false 0001591240 Cohen Mark Alexander 1019 KANE CONCOURSE, SUITE 202 BAY HARBOR ISLANDS FL 33154 false false false true Member of a 10% Group false Class A Common Shares, without par value 5500000 I See Footnotes Call Option (right to buy) 10 2025-04-04 4 P false 15000 0.34 A 2025-04-04 2027-01-15 Class A Common Shares, without par value 1500000 15000 I See Footnotes This statement is jointly filed by and on behalf of each of Stone House Capital Management, LLC ("Stone House"), SH Capital Partners, L.P. ("Partners") and Mark Cohen. Partners is the record and direct beneficial owner of the securities covered by this statement. Stone House is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, Partners. Mr. Cohen is the managing member of, and may be deemed to beneficially own securities owned by, Stone House. Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities. Each reporting person may be deemed to be a member of a group with respect to Designer Brands Inc. (the "Issuer") or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer. The transaction was executed in multiple trades in prices ranging from $0.30 to $0.35, inclusive. The price reported in Column 8 above reflects the weighted average sale price. The reporting persons undertake to provide, upon request by the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, full information regarding the number of call options acquired at each respective price within the range set forth in this footnote. Exhibit Index Exhibit 99.1 - Joint Filing Agreement (filed herewith). STONE HOUSE CAPITAL MANAGEMENT, LLC, By: /s/ Mark Cohen, Name: Mark Cohen, Title: Managing Member 2025-04-08 SH CAPITAL PARTNERS, L.P., By: Stone House Capital Management, LLC, Its: General Partner, By: /s/ Mark Cohen, Name: Mark Cohen, Title: Managing Member 2025-04-08 MARK COHEN, /s/ Mark Cohen 2025-04-08 EX-99.1 2 ck0001319947-ex99_1.htm EX-99.1 EX-99.1

 

EXHIBIT 99.1

 

JOINT FILING AGREEMENT

 

April 8, 2025

 

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the applicable exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

 

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date set forth below.

 

Date: April 8, 2025

 

 

STONE HOUSE CAPITAL MANAGEMENT, LLC

 

 

 

 

 

By:

/s/ Mark Cohen

 

 

Name:

Mark Cohen

 

 

Title:

Managing Member

 

 

Date:

April 8, 2025

 

 

 

 

 

 

SH CAPITAL PARTNERS, L.P.

 

 

 

 

 

 

By:

Stone House Capital Management, LLC

 

 

Its:

General Partner

 

 

 

 

 

 

By:

/s/ Mark Cohen

 

 

Name:

Mark Cohen

 

 

Title:

Managing Member

 

 

Date:

April 8, 2025

 

 

 

 

 

 

MARK COHEN

 

 

/s/ Mark Cohen

 

 

Date:

April 8, 2025