Mossimo Inc announced that it will hold a special meeting of stockholders of Mossimo Inc on October 31, 2006 at 9:00 a.m. local time at The Fairmont Miramar Hotel, 101 Wilshire Boulevard, Santa Monica, California, 90401.
At the special meeting, Mossimo's stockholders will be asked to consider and vote on a proposal to adopt and approve the agreement and plan of merger dated as of March 31, 2006 among Iconix Brand Group Inc, Moss Acquisition Corp, a wholly-owned subsidiary of Iconix, Mossimo Inc, and Mossimo Giannulli, the Founder, Chairman, Co-Chief Executive Officer and owner of approximately 64.2 percent of the outstanding common stock of Mossimo.
As previously announced, if the Mossimo stockholders approve the merger agreement, Mossimo will merge with and into Moss Acquisition Corp, which will be the surviving company, and will be wholly-owned by Iconix.
Mossimo stockholders will also receive a non-transferable contingent share right entitling them to additional shares of Iconix common stock after the first anniversary of the merger if Iconix common stock does not close at or above $18.71 for at least twenty consecutive trading days during the year following the merger.
Mr. Giannulli said: "We are very excited to be able to hold the special meeting of Mossimo stockholders to approve Mossimo's sale to Iconix, and we are eagerly looking forward to working closely with Iconix to create a real international presence."