2 Parlux parachutes draw fire. (Ilia Lekach, Parlux Fragrances Inc. stockholder, protests golden parachute payments for 2 executives) From: WWD | Date: February 14, 1990| Author: | COPYRIGHT 1990 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

2 PARLUX PARACHUTES DRAW FIRE

WASHINGTON (FNS) - Golden parachutes for two executives at Parlux Fragrances, Inc., are excessive and should not be paid in the event of their removal from the board, claims shareholder Ilia Lekach, who is attempting to oust three of the firm's directors.

Lekach, owner of 32.6 percent of the company's stock, said in a 13D form filed with the Securities and Exchange Commission that golden parachute packages that total $1,575,000 for Gerard Semhon, chief executive officer, and for Frederic Purches, chairman, make up more than one-third of the ...

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