Parlux definition

Parlux means Xxxxxx Xxxxxxxxxx, Inc., a Delaware corporation.
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Parlux or the "Company") and to fill vacanxxxx xxxxxxx xx xuch removal with individuals to be nominated by me. As the beneficial owner of a substantial percentage of the outstanding shares of Parlux, I believe that much can be done to increase shareholder value and that it is time for immediate change at both the Board and management levels. The decline in the Company's share price from a high closing price of $18.96 earlier this year (after adjusting for a 2-for-1 split in June 2006) to the current $6.26 level (a decrease in shareholder value of 67%), the Company's recent disclosure of decreased sales and earnings for the quarter ended September 30, 2006, and the allegations in the recently amended class action lawsuit that the Company improperly recognized revenues on sales to related parties, have led me to conclude that the Board of Directors is failing to act in the best interests of the Company's shareholders and is not exercising appropriate oversight of management. I am convinced that a continuation of the status quo risks a further destruction of shareholder value and, accordingly, I intend to protect the value of my significant investment in the Company through a consent solicitation to replace members of the Board of Directors. As I have publicly disclosed in my Schedule 13D filing, I am exploring the possibility of making an acquisition proposal to acquire the Company in a business combination transaction. While I have not made a decision at this time whether to pursue such a proposal, I strongly urge the Board not to take any action (such as the previously announced and subsequently abandoned sale of the Perry Ellis brand) which would materially modify or impact the Companx'x xxxxxxxs, products or assets and could adversely effect the Company's value. In addition, the consent solicitation will present Parlux shareholders with a unique opportunity to express their views on the future direction of the Company. In view xx xxx xxxxxxxxx, I am putting each director and executive officer on notice not to attempt to usurp the rights of shareholders to determine the Company's future direction, including any attempt to sell or otherwise dispose of or surrender any of its product lines, including, without limitation, the Perry Ellis brand. I intend to take all actions necessary xx xxxx xxch director and executive officer accountable if they approve or engage in any transaction with respect to the foregoing or which is otherwise inconsistent with the best inter...
Sample 1
Parlux means Parlux Fragrances, Inc., a Delaware corporation.
Sample 1

Examples of Parlux in a sentence

  • A signed original of the written statement required by Section 906 has been provided to Parlux Fragrances, Inc.

  • I have reviewed this report on Form 10-Q of Parlux Fragrances, Inc.

  • I have reviewed this Amendment No. 1 to report on Form 10-Q of Parlux Fragrances, Inc.

  • I have reviewed this annual report on Form 10-K of Parlux Fragrances, Inc.

  • I have reviewed this Amendment No. 2 to report on Form 10-Q of Parlux Fragrances, Inc.

  • NO: Billy RiordanMr. Healy1 - 804 THE TRIBUNAL RESUMED AS FOLLOWS ON THURSDAY, 10TH APRIL, 2003 AT 10.30AM.

  • In addition, Perfumania, Inc., Magnifique, Quality King, and Parlux each maintain payroll accounts ((Acct.

  • Licensee covenants and agrees that sales made by Licensee, Parlux and their respective Subsidiaries or Affiliates, sub-licensees or distributors to any and all members of the Perfumania Group shall be bona fide, arms length transactions at prices that are consistent with historical practices and reasonably comparable to those prices charged to third party distributors which are not Affiliates or Subsidiaries of Licensee or Parlux.

  • Additionally, Licensor shall have a direct claim against Parlux on the guaranty for breaches of the Agreement (including but not limited to dilution of trademark, failure to obtain artist approval, violation of child labor laws etc).

  • Sales will actually be made by Parlux and the books and records reflecting such sales shall be in the exclusive control and possession of Parlux so that any reporting required herein shall be generated by Parlux based on the accounting records of Parlux.

Related to Parlux

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