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Article Date: December 2017
Word Count: 195

Marcato Modifies Demands as Advisory Firms Split on Deckers Proxy Fight


Marcato, with 8.5% of Deckers stock, is modifying its demand to replace all nine directors of the company with a new proposal that would replace just three of them as one shareholder advisory firm recommended that shareholders vote for three of Marcato’s nominees and re-elect the balance of management’s slate while another shareholder firm recommended backing management’s slate. Glass Lewis said that Marcato deserved credit for pushing the DECK board to change but that ultimately the existing board now had a good understanding of the challenges and opportunities and should be given a chance to execute on ... Log in to view full article.

 


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