Deckers Brands board members likely to have been reelected
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Deckers counters activist investor in letter to shareholders
Deckers Brands’ board of directors released a letter to shareholders, highlighting improvements to its costs, sales and stock performance and urging shareholders to vote for its nominees over those of activist investor Marcato Capital Management. In the Nov. 2 letter, the Goleta-based footwear and apparel company said it had made headway toward its $100 million Read More →
Deckers halts sale hunt against investors’ wishes
Footwear manufacturer Deckers Brands will launch a $400 million share buyback program as it wrapped up a strategic business review and simultaneously reported a 26 percent increase in its second quarter net income. In an earnings conference call on Oct. 26, the Goleta-based company said that it would no longer actively pursue a sale or Read More →
Investor sues Deckers over board member slate, annual meeting
Deckers Brands investor Marcato Capital Management has filed a lawsuit against the company to get a new slate of board members approved and ensure that its annual shareholder meeting will take place as planned on Dec. 14. Marcato purchased around 6 percent of the Goleta Ugg boot-maker’s stock in February and now owns around 8.4 Read More →
Activist investor nominates 10 candidates for Deckers board
Activist investor Marcato Capital Management nominated 10 candidates for the board of directors for Goleta-based Deckers Brands. The shoe company confirmed that it had received the nominations in a news release issued Sept. 13. Earlier in the month, Deckers set a Sept. 15 deadline for nominations and pushed back its annual stockholders meeting, usually held Read More →
Deckers Brands delays meeting, deadline for director nominations
Deckers Brands, the Goleta maker of Ugg boots, set a Sept. 15 deadline for the nomination of new directors after coming under fire from activist investors who demanded the sale of the company. Filings with the Securities and Exchange Commission on Sept. 5 also pushed the annual meeting back until December. The company told the Read More →
Deckers Brands sales up 20 percent year-over-year
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