Deckers Brands urges shareholders to vote for director nominees
Deckers Brands issued the following statement in response to the revised Gold proxy card of Marcato Capital Management LP and a revised report from Institutional Shareholder Services regarding the election of directors at Deckers' 2017 Annual Meeting of Stockholders to be held on December 14, 2017: "Stockholders should recognize that a vote on the Gold card is a vote to replace three highly qualified, experienced directors with three unqualified, unknown and unvetted nominees who would not bring any new skills to the Board. Deckers believes that the addition of Marcato's nominees to the Deckers Board could result in significant disruption to the company's ongoing successful transformation. The Deckers Board has been and will continue to be a significant agent of change. As recognized by leading proxy advisory firms Glass Lewis and Egan-Jones in their recommendations that stockholders vote for ALL of Deckers' highly qualified director nominees, Deckers has the right Board and the right strategy to deliver value for all stockholders. The Board remains committed to overseeing the successful transformation of Deckers and continuing to adhere to strong governance practices to enhance stockholder value creation."