Genesco announced that all three leading independent proxy advisory firms—ISS, Glass Lewis, and Egan-Jones—have recommended shareholders vote for the company’s nine director nominees at the upcoming shareholder meeting, strengthening management’s position against activist investor Radoff-Jumana Group. The recommendations endorse Genesco’s footwear-focused strategy centered on digital acceleration, omnichannel capabilities, product innovation, cost restructuring, and targeted acquisitions. Shareholders will also vote on executive compensation, the equity incentive plan, and auditor ratification. The shareholder vote is scheduled for June 26. Genesco shares rose 2.1% in Monday premarket trading after gaining 1.6% on Friday.
Genesco IncProxy advisory firms recommend voting for Genesco's board nominees, strengthening management against activist investor.