Perry Ellis International announced the board of directors has extended the window in which the company must receive proper written notice of the nomination of a director candidate in connection with the 2018 annual meeting of shareholders to May 18, 2018.
The date and location of the 2018 annual meeting of shareholders of the company has yet to be announced.
The Special Committee of the Board is committed to enhancing value for all Perry Ellis shareholders and, with the assistance of independent financial and legal advisors, is continuing to evaluate the previously announced February 6, 2018 proposal, as reaffirmed on April 9, 2018 and again on April 26, 2018, from George Feldenkreis to acquire all of the outstanding common shares of Perry Ellis not already beneficially owned by Feldenkreis. No decision has been made with respect to the company’s response to the proposal.
The special committee has retained Paul, Weiss, Rifkind, Wharton & Garrison LLP and Akerman LLP as legal counsel and PJ Solomon as financial advisor to assist in the company’s review.
Perry Ellis International’s brands include: Perry Ellis, An Original Penguin by Munsingwear, Laundry by Shelli Segal, Rafaella, Cubavera, Ben Hogan, Savane, Grand Slam, John Henry, Manhattan, Axist, Jantzen and Farah. The company also operates some brands through licensing trademarks from third parties, including: Nike and Jag for swimwear, and Callaway, PGA TOUR, Jack Nicklaus for golf apparel and Guy Harvey for performance fishing and resort wear.
