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John Gibbons, chairman of Deckers Outdoor Corp.'s board of directors, said in a statement Monday that the group "has been and remains committed to supporting the creation of shareholder value through strong governance measures." The group said it will nominate two new independent directors to the board by September 2018, and the two directors will help diversify the board and reduce the average term of independent directors.

Marcato Capital responded immediately by accusing Deckers Outdoor Corp., which owns the footwear brands UGG, Teva and Sanuk, that it is only "once again trying its hardest at the slowest pace of the last minute," not enough to ensure the group's future success .

Since disclosing its stake in Deckers Outdoor Corp. in February this year, Marcato Capital Management LP has been pressing the board of Deckers Outdoor Corp. to reform its operations and governance and even to put the group on the block. Deckers Outdoor Corp announced in August that it is making the most of its purchases, but when it released its second-quarter earnings in late October, it said it would terminate the sale process after reaching 90 entities unable to find potential buyers.

In September, Marcato Capital Management LP threatened to propose to replace all nine existing members of Deckers Outdoor Corp.'s board of directors at its annual general meeting of shareholders on December 14 this year. In October, Mick McGuire, founder of the fund, first proposed a specific vision for Deckers Outdoor Corp. He believes that if the group focused on developing its subsidiary Crown Pearl UGG and divesting non-core brands like Sanuk and Hoka One One, more than half Public offering of shares and reform of executive compensation plans, the share price can be doubled to 135-138 US dollars by 2020, EPS also from fiscal 2017 3.82 US dollars in fiscal year 2021 climbed to 12.68 US dollars.

Deckers Outdoor Corp. released a new $ 335 million share buyback plan in October, up from the current projected $ 65 million.

According to the data, the group achieved EPS of US $ 1.54 and income of US $ 482.5 million in the second quarter, all far exceeding FactSet's aggregate forecast of US $ 1.02 and US $ 438 million.

Deckers Outdoor Corp. (NYSE: DECK) closed at 72.42 U.S. dollars Monday, down 2.0% from a day earlier, narrowing the cumulative increase to 2017 from 2017 to 30.8% and currently has a market capitalization of about 2.3 billion U.S. dollars. But Marcato Capital Management LP said the stock ran a 13% rise in the S & P 500 over the past 12 months.

Marcato Capital Management LP currently holds a 8.4% stake in Deckers Outdoor Corp.
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