The approval moves the apparel maker closer to a sweeping restructuring that hinges on several remaining regulatory steps

November 25, 2025

Hanesbrands Inc. has gained decisive shareholder support for a multistage corporate combination with Gildan Activewear, marking a significant step toward a restructuring plan that spans multiple subsidiaries across both companies. The vote took place on November 25, 2025, during a special meeting in which more than seventy percent of eligible shares were represented, indicating strong investor engagement.

Shareholders Back Complex Transaction Structure

The approved measures authorize a coordinated set of mergers involving several wholly owned entities. These include the absorption of a Hanesbrands subsidiary into the parent company, the conversion of Hanesbrands into a Maryland limited liability company, and two additional mergers within the Gildan corporate group. Together, these transactions form the operational framework needed to implement the broader merger agreement established in August 2025.

Investors also supported an advisory proposal related to compensation arrangements for executives whose pay may be influenced by the closing of the merger. A procedural proposal that would have allowed the meeting to be adjourned for further proxy solicitation was ultimately unnecessary.

Regulatory Progress and Remaining Conditions

One of the central regulatory steps was achieved when the waiting period under the Hart-Scott-Rodino Act expired on November 20, 2025. This milestone satisfies a key antitrust requirement, but the report notes that additional approvals and consents are still needed before the merger can be finalized. The layered structure of the planned combination means that each condition must be met to ensure the transaction can close seamlessly.

The company emphasized that the merger components have been described extensively in earlier proxy and prospectus materials provided to investors. The significant turnout at the special meeting underscores the personal and financial stakes shareholders associate with the planned restructuring.

The submission concludes with a confirmation signed by the company’s chief financial and accounting officer, fulfilling disclosure obligations and documenting the steps taken to communicate the merger progress to investors and regulators.