Deckers Outdoor (DECK) Proxy Filing summary

Executive summary

• Supplement amends Proposal No. 6 for the 2024 annual meeting, focusing on a six-for-one stock split and an increase in authorized common stock, with no increase in preferred stock authorized.

• The amendment responds to feedback from institutional shareholders and proxy advisory firms, reflecting a commitment to shareholder engagement and governance.

• The stock split aims to improve share affordability and liquidity, broadening investor access and potentially enhancing aggregate share value.

• The board retains discretion to proceed or not with the split after shareholder approval, based on the company's best interests.

Voting matters and shareholder proposals

• Shareholders are asked to approve the amendment to the certificate of incorporation for a six-for-one stock split and an increase in authorized common stock to 750,000,000 shares.

• No increase in authorized preferred stock is included in the amended proposal.

• The proposal requires a majority vote of outstanding shares and is considered a routine matter under NYSE rules.

• The board recommends voting "FOR" the proposal.

Board of directors and corporate governance

• The board's decision to amend the proposal was influenced by direct feedback from institutional shareholders and proxy advisors.

• The board emphasizes ongoing shareholder outreach and strong governance practices.