MOORESTOWN, N.J.--(BUSINESS WIRE)--Destination Maternity Corporation (NASDAQ: DEST) announced today that the Company and Chief Executive Officer Marla Ryan have extended from July 30, 2018 to September 30, 2018 the date by which they intend to enter into a new and more complete employment agreement. In tandem, the Compensation Committee of the Board of Directors (the “Compensation Committee”) has commenced a formal review of Destination Maternity’s corporate compensation and benefits program. The Company believes the review process will take approximately three months. As such, Ms. Ryan’s annual and long-term incentives, as well as her total compensation package will be designed to align with the Company’s new policies following the review.

The Company’s Independent Chair of the Board of Directors, Anne-Charlotte Windal, said, “Since late May 2018, the Compensation Committee has commenced a comprehensive review of the company’s pay practices with the goal of establishing a stronger link between pay and performance. The Compensation Committee has determined it is in the company’s best interests to extend Marla Ryan’s initial employment contract while the comprehensive review is in process so that Ms. Ryan’s new employment agreement can incorporate the results of the Committee’s comprehensive review.”

About Destination Maternity

Destination Maternity Corporation is the world's largest designer and retailer of maternity apparel. As of October 28, 2017, Destination Maternity operates 1,147 retail locations in the United States, Canada and Puerto Rico, including 501 stores, predominantly under the trade names Motherhood Maternity®, A Pea in the Pod® and Destination Maternity®, and 646 leased department locations. The Company also sells merchandise on the web primarily through its brand-specific websites, motherhood.com and apeainthepod.com, as well as through its destinationmaternity.com website. Destination Maternity has international store franchise and product supply relationships in the Middle East, South Korea, Mexico and Israel. As of October 28, 2017, Destination Maternity has 208 international franchised locations, including 16 standalone stores operated under one of the Company's nameplates and 192 shop-in-shop locations.