George Feldenkreis has nominated a slate of directors for the company’s board of directors.
Feldenkreis, the former president and chief executive officer of Perry Ellis International and its largest shareholder with about 10.8 percent of the outstanding common stock, has selected his son, Oscar Feldenkreis, along with Mary Ellen Kanoff, Scott A. LaPorta and Matthew McEvoy for election to the board of directors. The date and location of PEI’s annual meeting has yet to be revealed.
Perry Ellis confirmed the receipt of Feldenkreis’s nominees and said it would review the proposed nominees “in due course” and will present its formal recommendation in the proxy when that is filed.
Oscar Feldenkreis has been PEI’s ceo and president since April 2016 and has been a director since 1979. Kanoff is the chief legal officer and general counsel of Peninsula Pacific, a private equity firm; LaPorta is the president and chief operating officer of Neurobrands LLC, a beverages brand, and McEvoy is an independent strategic adviser in the luxury goods industry who has held senior positions with Burberry and Goldman Sachs.
As reported, in February, George Feldenkreis submitted a letter to the PEI board with a proposal to acquire all of the outstanding common stock of Perry Ellis that he did not already own for $27.50 a share.
Since that time, he has been negotiating with a special committee of the board to acquire the company; however, the corporation has extended the nomination deadline for board members three times until 5 p.m. today.
George Feldenkreis said Friday that he intends to “continue negotiations with the special committee and its advisors to achieve a value-enhancing transaction that will benefit all shareholders,” and reserves the right to modify the proposal based on actions taken by the committee.
At the end of April, PEI said the special committee was “continuing to evaluate” Feldenkreis’ proposal but no decision had been made.