--Genesco Urges Shareholders to Vote "FOR" ONLY the Company's Nine Nominees on the WHITE Proxy Card--
NASHVILLE, Tenn., July 13, 2026--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today announced that independent proxy advisory firms Glass Lewis & Co. ("Glass Lewis") and Egan-Jones Proxy Services ("Egan-Jones"), in addition to Institutional Shareholder Services ("ISS"), have recommended that shareholders vote "FOR" ONLY Genesco's nine highly-qualified directors on the WHITE proxy card in connection with the Company's upcoming 2026 Annual Meeting of Shareholders scheduled for July 21, 2026.
Genesco issued the following statement:
The support of all three independent proxy advisory firms for Genesco's director candidates reinforces the qualifications and experience of our Board, and its active oversight of the clear momentum underway as we execute our winning strategy. In their recommendations, each of the proxy advisory firms emphasizes that Bradley Radoff has not made a compelling case for change in his unnecessary proxy fight at Genesco.
We strongly urge shareholders to follow the recommendation of the Board and all three independent proxy advisory firms to vote "FOR" ONLY Genesco's nine directors.
Glass Lewis stated in its July 9, 2026 report1:
"…the Dissident has not presented a comprehensive and compelling case for change or a novel, well-defined path tailored to credibly reasoned concerns."
"…available materials indicate Genesco has more recently charted a reasonably favorable course under the stewardship of Ms. Vaughn and the board, underpinned, in particular, by an iterative strategic initiative that appears to be driving stronger operational performance, improved investor returns and buoyed guidance."
"By contrast, the accelerated push launched by the Radoff-Jumana Group – hampered both by its brevity and indeterminate objectives – does not firmly establish a sound case to usurp the status quo in favor of alternate candidates at this juncture."
In its July 9, 2026 report, Egan-Jones concluded1:
"Accordingly, we believe shareholders should vote FOR ALL of the management's nominees on the WHITE proxy card. The recent trajectory of Genesco's fundamentals and operating execution supports maintaining the current board composition while the Footwear First strategy continues to gain traction, particularly given recovering cash flow, modestly improving profitability, and early evidence of successful Journeys repositioning and store remodel performance. The strong TSR of the Company over the past year demonstrates market optimism around the new strategy as well."