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Article Date: June 2017
Word Count: 332

Sell the Company or Else, Deckers Investor Threatens


Mick McGuire, head of activist hedge fund Marcato Capital, sent a letter to the Deckers board saying that unless its strategic review results in a sale of the company at an attractive price, it would seek to replace the entire board in a proxy fight. The strategic review was initiated in April with Moelis & Co. as DECK’s advisor. The move was seen as a counter to DECK’s decision to push back its annual meeting from its usual Sep. time frame to Nov. or Dec. That would prevent McGuire from nominating a slate of directors before Aug. Among McGuire’s complaints ... Log in to view full article.

 


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