Despite challenger Marcato’s backing from some other activist hedge funds, the backing of Vanguard and BlackRock proved decisive as all nine of the board’s nominees were elected. Marcato, with an 8.5% holding, had initially proposed replacing all nine directors with its own slate but, as shareholder advisory services weighed in on the matter, it amended its demand to replace just the three longest serving directors with its own slate. The vote totals have not been disclosed. DECK stock had advanced some 71% since Marcato took its stake and initiated a proxy fight, demanding that the company sell of its smaller ... Log in to view full article.