Perry Ellis International Inc. (NASDAQ:PERY)
Annual Shareholder Meeting
June 14, 2013 11:00 am ET
George Feldenkreis - Founder, Chairman and Chief Executive Officer
Good day, ladies and gentlemen, and welcome to the Perry Ellis International Annual Meeting of Shareholders. This conference is being simulcast and is available on the Investor Relations web page. I would now like to turn the teleconference over to your host, Mr. George Feldenkreis, Chairman and Chief Executive Officer. Sir, you may begin.
Thank you very much. Good morning to all of you. Welcome to the Annual Shareholder Meeting of Perry Ellis International. I am George Feldenkreis, Chairman of the Board of Directors and Chief Executive Officer of the company. I will chair the meeting.
Before the meeting commences, I would like first to make a few introductory -- a few introductions, sorry. First of all, I want to acknowledge the presence here of Mr. Lenny Miller, who was one of our initial directors and lent his services and his brains to the company for over 10 years, maybe more than 10 years. So welcome, Lenny. We are very glad and happy to have you.
We have on the telephone, Mr. Joe Arriola and Joe Lacher, who went to Scotland to make sure that our products -- review how our products are selling in the U.K. They reported that because American Airlines locked their luggage, they were very happy to buy some Farah pants that fit them very well. But for Joe, it's quite unusual. So I hope you're enjoying your golf and keep using Callaway. The meeting will please come to order.
That's exactly what we're doing.
Great. Understand, from the Secretary of Perry Ellis, that we have received sufficient proxies in favor of all of the proposal to be voted upon today. As a result, unless there is anyone who wishes to revoke his or her proxy and vote in person today, I would like to briefly describe the proposal that have been passed and then dispensed with the formalities of the meeting so that we can talk about the business of Perry Ellis.
Is there anyone who wishes to revoke his or her proxy and vote in person? If so, please raise your hand so that we may provide you with a ballot.
If there are nobody, I would like to make the following announcement with respect to the proposal voted upon by the shareholders today. First, knowledge of the meeting, a proxy statement, a formal proxy and an annual report were made on or about May 10, 2013, to shareholders of record at the close of business on April 29, 2013, the record date stated by the Board of Directors.
Second, there is at least a majority of the company's outstanding shares of common stock represented at this meeting in person or by proxy. Pursuant to the company bylaw, this number of shares represented at the meeting constitutes a quorum.
Third, there being a quorum present, the meeting can proceed and the company can accept the vote of the proxies of the 3 matters to come before the meeting: one is the election of 2 directors, George Feldenkreis and Gary Dix, who will hold office until the 26th Annual Meeting of Shareholders; second, the advisory vote on our executive compensation; and third, the ratification of the appointment of Deloitte & Touche LLP as Perry Ellis' independent registered public accounting firm for the official year ending February 1, 2014; fourth, there being no one who wishes to revoke his or her proxy today, I declare the polls closed and would like to report that, number one, George Feldenkreis and Gary Dix have been elected to serve as directors until 2016; the company executive compensation have been approved by advisory board vote; and the third, the proposal to ratify and approve the appointment of Deloitte & Touche LLP as independent public accountants for the company for the fiscal year ended February 1, 2014, has been approved.
There being no other business to come before this meeting, I would like to adjourn the formal part of this meeting. I now turn your attention to video presentation regarding the history and future of our company. And following that presentation, we will entertain any questions you might have. Thank you.
Joe, did you like the video?
He fell asleep.
Joe? He fell asleep.
We're here. We're just staying on mute.
Ladies and gentlemen, please stand by. We are experiencing technical difficulties. Again, ladies and gentlemen, please stand by.
Ladies and gentlemen, we apologize for the inconvenience. This teleconference has been concluded. Again, we apologize for the inconvenience. This teleconference has been concluded.
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