NEW YORK, June 1, 2018 /PRNewswire/ -- Iconix Brand
Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company") today
confirmed that Sports Direct International plc ("Sports Direct")
has nominated four individuals to stand for election to the Iconix
Board of Directors at the Company's 2018 Annual Meeting of
Shareholders (the "2018 Annual Meeting").
The Iconix Board's Nominating and Corporate Governance Committee
will review Sports Direct's notice and consider the nominations in
due course. The Board will present its formal recommendation
regarding director nominees in the Company's definitive proxy
statement and other materials, to be filed with the Securities and
Exchange Commission and mailed to all shareholders eligible to vote
at the 2018 Annual Meeting.
The Company noted that it has a long history of actively
engaging with its shareholders, including Sports Direct. In fact,
members of Iconix's senior management team and Board have held
numerous discussions with Sports Direct over the past several years
to listen to their feedback regarding the Company's strategic
direction and plans to enhance shareholder value. Despite Iconix's
efforts to maintain a constructive dialogue, Sports Direct is
effectively seeking control of the Company without paying a control
premium.
The Iconix Board comprises eight highly-qualified directors, six
of whom are independent, and three of whom were appointed in the
past three years. The Board believes that all of its directors
possess significant experience relevant to the Company's business,
including directors with global experience as well as a deep
understanding of the Company's strategy and operations, strong
business and financial acumen, a proven record of accomplishment,
public company senior executive, director and corporate governance
experience. Iconix's directors also bring to the Company expertise
across a wide range of disciplines and relevant industries critical
to Iconix's business, including brand building and brand
management, corporate strategy, consumer marketing, licensing and
retail.
The Company looks forward to maintaining an open dialogue with
all shareholders over the coming months.
About Iconix Brand Group, Inc.
Iconix Brand Group, Inc. owns, licenses and markets a portfolio
of consumer brands including: CANDIE'S ®, BONGO ®, JOE BOXER ®, RAMPAGE ®, MUDD ®, MOSSIMO ®,
LONDON FOG ®, OCEAN PACIFIC ®,
DANSKIN ®, ROCAWEAR ®, CANNON ®, ROYAL VELVET ®, FIELDCREST ®,
CHARISMA ®, STARTER ®, WAVERLY ®,
ZOO YORK ®, UMBRO ®, LEE COOPER ®, ECKO UNLTD. ®, MARC ECKO ®, ARTFUL DODGER ®, and HYDRAULIC®. In
addition, Iconix owns interests in the MATERIAL GIRL ®,
ED HARDY ®, TRUTH OR DARE ®, MODERN
AMUSEMENT ®, BUFFALO ® and PONY ®
brands. The Company licenses its brands to a network of retailers
and manufacturers. Through its in-house business development,
merchandising, advertising and public relations departments, Iconix
manages its brands to drive greater consumer awareness and
equity.
Important Additional Information and Where to Find It
The Company, its directors and certain of its executive officers
and employees may be deemed to be participants in the solicitation
of proxies from stockholders in connection with the Company's 2018
annual meeting of stockholders (the "2018 Annual Meeting"). The
Company plans to file a proxy statement with the U.S. Securities
and Exchange Commission (the "SEC") in connection with the
solicitation of proxies for the 2018 Annual Meeting (the "2018
Proxy Statement"), together with a WHITE proxy card. STOCKHOLDERS
ARE URGED TO READ THE 2018 PROXY STATEMENT (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS
THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY IN THEIR ENTIRETY
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Additional information regarding the identity of these
potential participants, none of whom owns in excess of 1 percent of
the Company's outstanding shares of common stock, and their direct
or indirect interests, by security holdings or otherwise, will be
set forth in the 2018 Proxy Statement and other materials to be
filed with the SEC in connection with the 2018 Annual Meeting.
Information relating to the foregoing can also be found in the
Company's definitive proxy statement for its 2017 Annual Meeting of
Stockholders (the "2017 Proxy Statement"), filed with the SEC on
September 29, 2017. To the extent
holdings of the Company's securities by such potential participants
(or the identity of such participants) have changed since the
information printed in the 2017 Proxy Statement, such information
has been or will be reflected on Statements of Change in Ownership
on Forms 3 and 4 filed with the SEC.
Stockholders will be able to obtain, free of charge, copies of
the 2018 Proxy Statement, any amendments or supplements thereto and
any other documents (including the WHITE proxy card) when filed by
the Company with the SEC in connection with the 2018 Annual Meeting
at the SEC's website (http://www.sec.gov) or at the Company's
website (https://www.iconixbrand.com/investors/sec-filings/). In
addition, copies of the proxy materials, when available, may be
requested from the Company's proxy solicitor, Morrow Sodali LLC at
203-658-9400 or toll-free at 800-662-5200.
Investor Contact:
David K. Jones
Executive Vice President and Chief Financial Officer
Iconix Brand Group, Inc.
djones@iconixbrand.com
212-730-0030
Media Contact:
Joele
Frank, Wilkinson Brimmer Katcher
Jamie Moser / Jed Repko / Mahmoud Siddig
212-355-4449
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SOURCE Iconix Brand Group, Inc.