[8-K] Hanesbrands Inc. Reports Material Event
Rhea-AI Filing Summary
Hanesbrands Inc. reported the results of a special stockholder meeting where investors voted on its pending merger with Gildan Activewear Inc. and related restructuring steps. As of the September 30, 2025 record date, 353,802,157 shares of common stock were outstanding, and 259,356,571 shares, or about 73.3% of eligible shares, were present or represented by proxy.
Stockholders approved the merger of Helios Merger Sub, Inc. into Hanesbrands, the conversion of Hanesbrands into a Maryland limited liability company, and two related mergers involving Helios Holdco, Inc. and Galaxy Merger Subs (together, the “Transactions”) under the August 13, 2025 Merger Agreement. The Merger Proposal received 243,902,443 votes for, 15,125,793 against, and 328,335 abstentions.
Stockholders also approved, on a non-binding advisory basis, compensation that may be paid to named executive officers in connection with the Transactions, with 237,264,812 votes for, 21,208,003 against, and 883,756 abstentions. The adjournment proposal was not needed. The Hart-Scott-Rodino Act waiting period expired on November 20, 2025, and closing now depends on remaining regulatory consents and other Merger Agreement conditions.
Positive
- None.
Negative
- None.
Insights
Hanesbrands shareholders cleared key merger votes; closing still awaits remaining approvals.
The special meeting results show strong support for combining Hanesbrands with Gildan Activewear under the August 13, 2025 Merger Agreement. The Merger Proposal drew 243,902,443 votes in favor versus 15,125,793 against, a wide margin among the 259,356,571 shares present or represented by proxy. This approval covers multiple steps: merging Helios Merger Sub into Hanesbrands, converting Hanesbrands into a Maryland LLC, and completing two related Gildan-side mergers.
Shareholders also backed, on a non-binding basis, the potential compensation tied to the Transactions for named executive officers, with 237,264,812 votes for and 21,208,003 against. While advisory, this reduces execution risk around governance or pay-related opposition. Separately, the expiration of the Hart-Scott-Rodino Act waiting period on November 20, 2025 removes a key U.S. antitrust hurdle.
The Transactions are not yet complete; they still depend on additional regulatory consents and other closing conditions set out in the Merger Agreement. Future company disclosures will need to confirm when those final conditions are satisfied and the mergers become effective.
FAQ
What did Hanesbrands (HBI) stockholders approve at the special meeting?
Hanesbrands stockholders approved the merger of Helios Merger Sub, Inc. into Hanesbrands, the conversion of Hanesbrands into a Maryland limited liability company, and two related mergers involving Helios Holdco, Inc. and Galaxy Merger Subs, collectively referred to as the “Transactions” under the August 13, 2025 Merger Agreement.
How strong was shareholder support for the Hanesbrands (HBI) merger proposal?
The Merger Proposal received 243,902,443 votes for, 15,125,793 against, and 328,335 abstentions, out of 259,356,571 shares present or represented by proxy at the meeting.
What percentage of Hanesbrands (HBI) shares were represented at the special meeting?
Out of 353,802,157 shares of Hanesbrands common stock outstanding and entitled to vote as of September 30, 2025, a total of 259,356,571 shares, or approximately 73.3%, were present or represented by proxy.
Did Hanesbrands (HBI) stockholders approve executive compensation related to the merger?
Yes. On a non-binding, advisory basis, stockholders approved the compensation that may be paid or become payable to Hanesbrands’ named executive officers in connection with the Transactions, with 237,264,812 votes for, 21,208,003 against, and 883,756 abstentions.
What is the status of antitrust review for the Hanesbrands (HBI) and Gildan transaction?
The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to the Transactions expired on November 20, 2025 at 11:59 p.m. Eastern Time, satisfying one of the conditions to closing.
Is the Hanesbrands (HBI) merger with Gildan fully completed now?
No. Completion of the Transactions remains subject to satisfaction of the other closing conditions in the Merger Agreement, including receipt of certain regulatory consents and approvals.