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BRIEF-Deckers Brands​ announces board actions to resolve Marcato lawsuit
November 10, 2017 / 9:45 PM / 8 days ago

BRIEF-Deckers Brands​ announces board actions to resolve Marcato lawsuit

Nov 10 (Reuters) - Deckers Brands​:

* Deckers announces board action to address and resolve Marcato lawsuit

* Deckers Brands​ - board urges stockholders to vote “for” all 9 of Deckers’ directors

* Deckers - board approved amendment to credit facility to prevent “event of default” if majority of Marcato’s director nominees were to be elected

* Deckers Brands - ‍board disabled acceleration of equity awards and compensation arrangements under some compensation plans​

* Deckers Brands - ‍board determined that Marcato’s director nominees, if elected, would be “continuing directors”​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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