Feldenkreis George: Perry Ellis International, Inc decreased Its Stake

May 18, 2018 - By Rodney Autry

Perry Ellis International, Inc. (NASDAQ:PERY) LogoInvestors sentiment decreased to 1.29 in 2017 Q4. Its down 0.05, from 1.34 in 2017Q3. It dived, as 15 investors sold Perry Ellis International, Inc. shares while 36 reduced holdings. 21 funds opened positions while 45 raised stakes. 11.62 million shares or 2.72% more from 11.31 million shares in 2017Q3 were reported.

Royal National Bank Of Canada accumulated 8,450 shares. Macquarie Group has invested 0% in Perry Ellis International, Inc. (NASDAQ:PERY). Moreover, Ameriprise Fincl Inc has 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY). 2,124 were accumulated by Barclays Pcl. Gsa Cap Prtn Llp, a United Kingdom-based fund reported 13,027 shares. Adams Diversified Equity Fund Incorporated reported 40,200 shares. California State Teachers Retirement invested 0% in Perry Ellis International, Inc. (NASDAQ:PERY). Tiaa Cref Inv Ltd Liability holds 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY) for 53,960 shares. Goldman Sachs Gp accumulated 0% or 141,194 shares. Dimensional Fund Advisors Ltd Partnership owns 1.33 million shares. Argent Cap Management Limited Liability Corp reported 64,078 shares or 0.05% of all its holdings. Moreover, Texas Permanent School Fund has 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY) for 8,497 shares. Acadian Asset Ltd Com reported 0.02% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY). 308,284 are held by Bridgeway Capital Management. 28,000 are owned by Strs Ohio.

Feldenkreis George Reported reduced Stake in Perry Ellis International, Inc

Feldenkreis George filed with SEC a SC 13D/A form for Perry Ellis International, Inc. It can be found at: 000119380518000725. As reported by Feldenkreis George, the filler decreased its stake in the stock by -3.17 % for 1,712,888 shares. Feldenkreis George currently owns 10.8% of the Consumer Discretionary- stock. Date of activity: May 18, 2018.

Reasons Why Feldenkreis George Holds Perry Ellis International, Inc

Purpose of Transaction

Item 4 is herebyamended to add the following:

On May 18, 2018,George Feldenkreis nominated Oscar Feldenkreis, Mary Ellen Kanoff, Scott A. LaPorta and Matthew McEvoy (collectively, the“Nominees”) for election to the board of directors (the "Board") of the Issuer in connection with theIssuer’s 2018 annual meeting of shareholders (the "Annual Meeting").

As previouslydisclosed, on February 6, 2018, George Feldenkreis, the former President and Chief Executive Officer of the Issuer, submitteda letter to the Board with a proposal to acquire all of the outstanding common stock of the Issuer not already beneficially ownedby George Feldenkreis at a price of $27.50 per share (the “Proposal”). George Feldenkreis believes that the Proposalpresents an opportunity for shareholders to realize an attractive, all-cash premium for their shares in a challenging operatingenvironment.

Since submittingthe Proposal, George Feldenkreis has acted in good faith and devoted considerable time and resources to expeditiously negotiatea transaction with the Special Committee of the Board. George Feldenkreis has provided drafts of his debt financing commitmentletters to the Special Committee, which together with an equity rollover, provides firm financing to support the Proposal. GeorgeFeldenkreis had hoped to sign a definitive agreement with the Issuer by the deadline set by the Issuer for the submission of directornominees for the Annual Meeting of Friday, May 18, 2018. Instead, the Issuer has sought additional time and proposed a third extensionof the nomination deadline. Given the amount of time that has passed since the Proposal was submitted to the Board and GeorgeFeldenkreis’ belief that any remaining issues in the definitive agreement could be resolved without the need for an extension,George Feldenkreis has determined to preserve his rights as a shareholder and nominate a slate of directors for election at theAnnual Meeting.

George Feldenkreisintends to continue negotiations with the Special Committee and its advisors to achieve a value-enhancing transaction that willbenefit all shareholders. George Feldenkreis reserves all rights to modify the Proposal based on actions taken by the Special Committee.

GeorgeFeldenkreis acknowledges that Oscar Feldenkreis, the Issuer’s President and Chief Executive Officer, has an employmentagreement with the Issuer which contemplates his continued service on the Board during the term of his employment. GeorgeFeldenkreis expects that the Issuer will nominate Oscar Feldenkreis for re-election to the Board at the Annual Meeting and,in such event, understands that Oscar Feldenkreis will consent to being named and shall be deemed a participant in theIssuer’s proxy solicitation in addition to being deemed a participant in George Feldenkreis’ proxy solicitation.George Feldenkreis believes Oscar Feldenkreis’ continued role as an Executive and presence on the Board is essentialand in the best interest of all shareholders and therefore has obtained his consent to nominate him for election at theAnnual Meeting in order to ensure his re-election to the Board. Oscar Feldenkreis’ participation in GeorgeFeldenkreis’ proxy solicitation shall be limited to being named as a person nominated by George Feldenkreis to theBoard at the Annual Meeting. The Reporting Persons acknowledge that they may be deemed a “group” with OscarFeldenkreis within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended, by virtue of himgranting his consent to be nominated for election to the Board by George Feldenkreis. Oscar Feldenkreis has determined tofile a separate Schedule 13D.

Biographicalinformation on George Feldenkreis’ nominees is below.

Mary Ellen Kanoff,age 61, has been the Chief Legal Officer and General Counsel of Peninsula Pacific, a private equity firm focused in long-terminvestments and managing businesses in the consumer, gaming and industrial service sectors, since joining Peninsula Pacific inJuly 2013. Prior to joining Peninsula Pacific, she served as a corporate partner at the law firm of Latham & Watkins for over25 years, specializing in corporate finance, mergers and acquisitions, and general company representation. Ms. Kanoff serves onthe board of Concrete Pumping Holdings, Inc. and Vorteq Coil Finishers, LLC, two of Peninsula Pacific’s portfolio companies.Ms. Kanoff also serves on the University of California, Berkeley Foundation Board of Trustees, the Providence of St. John’sHealth Center Board and the Chrysalis Board of Directors, a non-profit organization helping homeless men and women find and retainemployment. Ms. Kanoff holds a Bachelor’s Degree and J.D. from the University of California at Berkeley.

George Feldenkreisbelieves Ms. Kanoff’s substantial experience representing public and private companies, institutional investors and majorinvestment banks in public and private securities offerings and strategic acquisitions will bring significant strategic and corporategovernance expertise to the Board.

Scott A.LaPorta, age 55, has served as the President and Chief Operating Officer of Neurobrands, LLC, a functional beveragesbrand, since January 2017. Previously, Mr. LaPorta was President of Bolthouse Farms, a brand of super premium juices,smoothies, salad dressings, and fresh carrots, from August 2015 to July 2016 and served as its Chief Financial Officer andChief Operating Officer from September 2009 to July 2015. Prior to that, Mr. LaPorta served as the Chief Executive Officer ofGlobal Consumer Acquisition Corporation, a public fund focused on consumer businesses, in 2007 to 2008. From 2002 to 2006,Mr. LaPorta served in various capacities at Levi Strauss, Inc., including as President of Levi Strauss Signature USA, LeviStrauss Mexico and Canada from 2004 to 2006 and as Senior Vice President of Finance, Strategy and Sales, North America from2002 to 2003. Previously, Mr. LaPorta held key leadership roles at Park Place Entertainment, including serving as a Directorof Jupiters Limited, an Australian public gaming company. Mr. LaPorta holds a Bachelor’s Degree in Accounting from theUniversity of Virginia and a Master’s degree in Business Administration from Vanderbilt University.

George Feldenkreisbelieves Mr. LaPorta will bring senior executive experience, strategic and operational vision as well as creative and disciplinedleadership to the Issuer.


CUSIP NO. 288853104

Matthew McEvoy,age 56, is a senior luxury goods executive with over 25 years’ experience working with consumer companies. Since September2017, Mr. McEvoy has served as an independent strategic advisor. From 2002 until September 2017, Mr. McEvoy held severalexecutive roles at Burberry Group plc, a London-based luxury apparel and accessories company, including Chief of Strategy andBusiness Development, from 2008 until his departure, and SVP Strategy, Licensing and Investor Relations from 2002 to 2008. Prior to joining Burberry, Mr. McEvoy spent nearly 15 years at Goldman Sachs & Co., a global investment banking, securitiesand investment management firm, where he held positions of increasing responsibility, including Vice President of the High TechnologyGroup and Retail and Apparel Focus Group. Mr. McEvoy has served as an independent director of Vera Bradley, Inc., a publicly listedbranded retailer, since August 2011. Mr. McEvoy is a graduate of Harvard Business School and Harvard College.

George Feldenkreisbelieves Mr. McEvoy will bring to the Board extensive experience in brand management, international retailing and strategic planning,and valuable years of experience at an international branded retail public company with a proven track record of driving internationalgrowth and expansion.

Perry Ellis International, Inc Institutional Sentiment

Filings show 106 investors own Perry Ellis International, Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 547081. 11310409 were owned by these investors. 18 funds opened new Perry Ellis International, Inc stakes, 45 increased positions. There were 10 that closed positions and 37 reduced them.

Adams Express Company is an investor bullish on Perry Ellis International, Inc, owning 51800 shares as of Q3 2017 for 0.07% of its portfolio. North Star Investment Management Corp owns 106025 shares or 0.32% of its portfolio. IL Sg Capital Management Llc have 0.08% of its portfolio for 31891 shares. Further, Financial Consulate Inc reported stake worth 0.20% of its portfolio. The TX Frigate Ventures Lp owns 104372 shares. Perry Ellis International, Inc is 0.37% of its portfolio.

SEC Form 13D.

The stock decreased 1.72% or $0.46 during the last trading session, reaching $26.23. About 85,921 shares traded or 24.20% up from the average. Perry Ellis International, Inc. (NASDAQ:PERY) has risen 23.28% since May 18, 2017 and is uptrending. It has outperformed by 11.73% the S&P500.

Perry Ellis International, Inc. designs, sources, markets, and licenses apparel products and accessories. The company has market cap of $401.09 million. The firm operates through Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing divisions. It has a 7.13 P/E ratio. It offers men's wear, such as career and casual sportswear, golf apparel, sports apparel, swimwear, activewear, and accessories; and women's wear, including dresses, sportswear, swimwear, activewear, and accessories.

More notable recent Perry Ellis International, Inc. (NASDAQ:PERY) news were published by: Globenewswire.com which released: “New Research Coverage Highlights Erie Indemnity, Merit Medical, Destination Maternity, Perry Ellis International …” on May 03, 2018, also Nasdaq.com with their article: “Perry Ellis International Intends to Redeem $50 Million of Its 7.875% Senior Subordinated Notes Due 2019” published on April 27, 2018, Nasdaq.com published: “Perry Ellis International, Inc. Announces Men’s Dress Shirt License for Manhattan Brand in Argentina” on April 25, 2018. More interesting news about Perry Ellis International, Inc. (NASDAQ:PERY) were released by: Streetinsider.com and their article: “George Feldenkreis Nominates Four to Perry Ellis (PERY) Board” published on May 18, 2018 as well as Nasdaq.com‘s news article titled: “Perry Ellis International, Inc. Concludes License Agreement for Surf/Skate/Ski Brand Gotcha┬« With Partner in North Africa” with publication date: April 23, 2018.

Perry Ellis International, Inc. (NASDAQ:PERY) Institutional Positions Chart

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