Perry Ellis International Inc. announced that the company filed a definitive proxy statement with the Securities and Exchange Commission in connection with the Feldenkreis transaction and commenced mailing the proxy statement to shareholders on September 11, 2018.

Perry Ellis’ Special Meeting of Shareholders is scheduled to take place on October 18, 2018 at 10:00 a.m. EST at the company’s corporate offices at 3000 N.W. 107th Avenue, Miami, FL.

The Perry Ellis Board of Directors unanimously recommends that Perry Ellis shareholders vote “FOR” the proposal to adopt the Feldenkreis merger agreement as well as all other proposals included in the definitive proxy statement.

As previously announced on June 16, 2018, Perry Ellis’ Board of Directors, acting on the recommendation of the Special Committee of independent directors and with the support of independent financial and legal advisors, approved a $437 million transaction to become a private company through an acquisition led by George Feldenkreis. Under the terms of the Feldenkreis merger agreement, Perry Ellis unaffiliated shareholders will receive $27.50 per share in cash upon closing. The purchase price represents a premium of approximately 21.6 percent to Perry Ellis’ unaffected closing stock price on February 5, 2018, the last trading day prior to George Feldenkreis announcing his proposal to take the company private. The transaction is expected to close in the second half of 2018.

Perry Ellis shareholders of record as of the close of business on August 16, 2018 will be entitled to vote their shares either in person or by proxy at the Special Meeting. Shareholders who have questions, need assistance in voting or require additional proxy materials may call the company’s proxy solicitor, Innisfree M&A Incorporated, toll-free at (888) 750-5834.

PJ Solomon is serving as financial advisor to the Special Committee, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Akerman LLP are serving as the Special Committee’s legal counsel.