Feldenkreis Oscar: Perry Ellis International, Inc Reports increased Stake

May 21, 2018 - By Vivian Park

Perry Ellis International, Inc. (NASDAQ:PERY) LogoInvestors sentiment decreased to 1.29 in Q4 2017. Its down 0.05, from 1.34 in 2017Q3. It fall, 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.

Glenmede Tru Na accumulated 0% or 342 shares. Mufg Americas accumulated 85 shares. Systematic Mngmt Ltd Partnership holds 0.02% or 46,489 shares. Connecticut-based Matarin Mgmt Limited Liability Corporation has invested 0.22% in Perry Ellis International, Inc. (NASDAQ:PERY). Bessemer Gp owns 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY) for 25,800 shares. Metropolitan Life Co holds 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY) for 4,330 shares. The Pennsylvania-based Pnc Financial Inc has invested 0% in Perry Ellis International, Inc. (NASDAQ:PERY). 15,443 were reported by Macquarie Ltd. Kbc Group Nv accumulated 20,297 shares. Renaissance Techs Limited Liability invested in 0.01% or 357,400 shares. Pacific Ridge Capital Ltd Llc stated it has 46,730 shares. Ameritas Investment Prns has 933 shares. Jpmorgan Chase & invested in 402,352 shares. Axa holds 97,810 shares. Pennsylvania-based Vanguard Group has invested 0% in Perry Ellis International, Inc. (NASDAQ:PERY).

Feldenkreis Oscar Reported increased Stake in Perry Ellis International, Inc

Feldenkreis Oscar filed with SEC a SC 13D form for Perry Ellis International, Inc. It can be found at: 000119312518169662. As reported by Feldenkreis Oscar, the filler increased its stake in the stock by 3.89 % for 1,223,329 shares. Feldenkreis Oscar currently owns 7.7% of the Consumer Discretionary- stock. Date of activity: May 18, 2018.

Reasons Why Feldenkreis Oscar Holds Perry Ellis International, Inc

Purpose of Transaction

On February6, 2018, George Feldenkreis submitted a letter to the Board ofDirectors of the Issuer containing a proposal to acquire all of the outstanding shares of Common Stock of the Issuer not already beneficially owned by George Feldenkreis at a price of $27.50 per share (the “Proposal”). On May18,2018, George Feldenkreis filed with the Securities and Exchange Commission (the “SEC”) Amendment No.6 to his Statement on Schedule 13D with respect to the Issuer’s Common Stock (such Schedule 13D, as amended, the “GeorgeFeldenkreis Schedule 13D”) in which he reported his intention to nominate a slate of directors consisting of the Reporting Person, Mary Ellen Kanoff, Scott A. LaPorta and Matthew McEvoy (collectively, the “George FeldenkreisNominees”) for election at the Issuer’s 2018 annual meeting of shareholders (the “Annual Meeting”).

On May18, 2018, the Reporting Person delivered a letter (the “Consent Letter”) notifying theIssuer that the Reporting Person has consented to (i)being named as a nominee in the notice provided by George Feldenkreis of his intention to nominate the Reporting Person for election to the Issuer’s Board of Directors at the AnnualMeeting, (ii)being named as a bona fide nominee in any proxy statement filed by George Feldenkreis or his affiliates in connection with the solicitation of proxies for election of the Reporting Person to the Issuer’s Board of Directors atthe Annual Meeting, and (iii)serving as a director of the Issuer if elected at the Annual Meeting. A copy of the Consent Letter is filed as Exhibit 1 to this Schedule 13D.

While the Reporting Person does not affirm his membership in a group, the Reporting Person may be deemed a “group,” within the meaning ofSection13(d)(3) of the Securities and Exchange Act of 1934, as amended, with George Feldenkreis and the other “reporting persons” named in the George Feldenkreis Schedule 13D, including the other George Feldenkreis Nominees, as aresult of the Reporting Person’s consent to be nominated by George Feldenkreis for election to the Issuer’s Board of Directors. Accordingly, the Reporting Person is reporting his beneficial ownership of the Issuer’s Common Stock onthis Schedule 13D. Information with respect to George Feldenkreis, the other George Feldenkreis Nominees and the other “reporting persons” named in the George Feldenkreis Schedule 13D, including biographical information, their beneficialownership of the Issuer’s Common Stock, certain additional information relating to the Proposal, and certain other plans which they may have with respect to the Issuer, is set forth in the George Feldenkreis Schedule 13D.

As previously disclosed, the Reporting Person’s employment agreement with the Issuer contemplates his continued service on the Issuer’s Board ofDirectors during the term of his employment. In the event that he is not re-elected to the Board, he has the right to terminate his employment by the Issuer for “good reason” and in such case receivethe cash amounts and benefits set forth in his employment agreement. Accordingly, while the Reporting Person expects that the Issuer will nominate him for re-election to the Issuer’s Board of Directors atthe Annual Meeting, the Issuer has not to date advised him that it will nominate him for re-election. If nominated for re-election by the Issuer, the Reporting Personintends to consent to such nomination, in which case he will be deemed a participant in the Issuer’s proxy solicitation in addition to being deemed a participant in George Feldenkreis’ proxy solicitation. The purpose of the ReportingPerson’s consent to being a participant in both proxy solicitations is to enable him to continue his position at the Company as CEO and President and on the Board for the purpose of maintaining stability of the Company’s operations and itsrelationships with third parties.

Other than as described above, the Reporting Person does not currently have any plans or proposals that would result inany of the occurrences enumerated in (a)through (j) of Item 4 of Schedule 13D. However, as a director and officer of the Issuer, the Reporting Person may at any time formulate plans or proposals with respect to any of such matters, includingthat he may be granted additional equity awards under the equity compensation plans of the Issuer in place from time to time. In addition, the Reporting Person may from time to time make additional investments in securities of the Issuer, either inthe open market or privately negotiated transactions, and/or sell all or any part of his investment in the Issuer, in each case as he deems appropriate in light of the circumstances existing from time to time. He may also formulate plans orproposals in the future relating to any of the other matters enumerated in Item 4 of Schedule 13D, including, without limitation, asset dispositions, changes in the board or management of the Issuer, and changes in the Issuer’s business,capitalization and/or organizational documents.

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 increased 1.51% or $0.41 during the last trading session, reaching $27.48. About 40,581 shares traded. Perry Ellis International, Inc. (NASDAQ:PERY) has risen 23.28% since May 22, 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 $420.20 million. The firm operates through Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing divisions. It has a 7.47 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: Nasdaq.com which released: “Perry Ellis International Intends to Redeem $50 Million of Its 7.875% Senior Subordinated Notes Due 2019” on April 27, 2018, also Nasdaq.com with their article: “Perry Ellis International, Inc. Announces Men’s Dress Shirt License for Manhattan Brand in Argentina” published on April 25, 2018, Nasdaq.com published: “Perry Ellis International, Inc. Announces Accessories License Agreement for Farah Brand” on April 30, 2018. More interesting news about Perry Ellis International, Inc. (NASDAQ:PERY) were released by: Streetinsider.com and their article: “Perry Ellis (PERY) Says it Will Review Feldenkreis’ Proposed Board Nominees” published on May 18, 2018 as well as Globenewswire.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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