Deckers Brands confirms receipt of Marcato director nominations
Deckers Brands confirmed that affiliates of Marcato Capital Management have nominated 10 director candidates to stand for election to the board of directors at Deckers' 2017 Annual Meeting of Stockholders, which is currently scheduled to be held on December 14, 2017. The board of directors will carefully review and consider Marcato's candidates as it would any other potential directors to assess their ability to add value on the board for the benefit of all stockholders. "Deckers welcomes open communications with its stockholders and values constructive input toward the shared goal of enhancing stockholder value," Deckers said in a statement. "Although we engage regularly with our stockholders, it is Deckers' policy not to comment on discussions with individual stockholders. However, it is important to note that members of the Board and senior management team have held a number of discussions with Marcato during the past 8 months and those discussions remain ongoing. Deckers has a strong and independent Board, with 3 new directors who have joined since 2014. The Board believes that it has an appropriate mix of skills, experience and leadership to drive performance and provide effective oversight. At the same time, the Board will give full and fair consideration to the nominees proposed by Marcato."