Edition:
India

Deckers Brands​ announces board actions to resolve Marcato lawsuit


Saturday, 11 Nov 2017 

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"​. 

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