Deckers Will Add New Directors; Marcato Wonders Why Now?
The embattled board of Ugg’s parent said it would add two new independent directors, replacing two retiring directors on the board as it continued to disparage Marcato’s motives and shareholder communications as misleading. Marcato scornfully called the DECK board’s decision an admission that it has not provided effective leadership for the company as it reiterated its demand to replace the entire board. It also noted that former CEO Angel Martinez sold nearly half his stock when he retired, calling ... Log in to view full article.