Deckers Obtains Victory in Proxy Contest Against Marcato Capital Management

On December 14, 2017, Deckers Brands, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, announced that, based on the preliminary vote count following its 2017 annual meeting, company stockholders have voted to re-elect all of Deckers' directors—John Gibbons, Karyn Barsa, Nelson Chan, Michael Devine III, John Perenchio, David Powers, James Quinn, Lauri Shanahan, and Bonita Stewart—to the Deckers board. The company's victory comes after a 10-month long proxy contest with San Francisco-based investment manager Marcato Capital Management, which manages funds that beneficially own approximately 8.4 percent of the outstanding common shares of Deckers Brands. In the challenge, Marcato attempted to replace several Deckers directors with its own candidates. WSGR represented Deckers Brands in its proxy contest with Marcato.

The WSGR team that represented Deckers in the matter included:

Larry Sonsini
Brad Finkelstein
Doug Schnell
Lauren Lichtblau
Wendy Guo
Tracy Silvey

Delaware Corporate:
Amy Simmerman
Ryan Greecher

Employee Benefits and Compensation:
John Aguirre
Matthew Norgard

David Berger
Lori Will
Ian Liston
Andrew Berni
Luke Liss

For more information, please see Deckers' press release.