--ISS Concludes Bradley Radoff Has Not Made a Case for Change at the Company--
--Genesco Urges Shareholders to Vote "FOR" ONLY Genesco's Nine Nominees on the WHITE Proxy Card--
NASHVILLE, Tenn., July 07, 2026--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today announced that one of the nation's leading independent proxy advisory firms Institutional Shareholder Services ("ISS") recommends that shareholders vote "FOR" all nine of the Company's directors on the WHITE proxy card in connection with its upcoming 2026 Annual Meeting of Shareholders, which is scheduled to be held on July 21, 2026.
In their report dated July 6, 2026, ISS stated1 "the dissidents have not made a compelling case for change. As such, support for all management nominees on the management (WHITE) card is warranted. Shareholders are also recommended to withhold votes from the dissidents' nominees, Ballard and Poskon."
The ISS report also noted:
"A closer look at the company shows an enterprise that has posted peer-beating TSR and a steady but still below-peak improvement in operating performance, and that possesses a generally shareholder-friendly corporate governance regime."
"In the one-, three-, and five-year periods ending on the unaffected date, and since the announcement of the CEO's appointment (Nov. 4, 2019) through the same date, the company's TSR exceeded its peer median. When the above four measured periods are extended through June 30, 2026, the above observation also holds true."
Genesco issued the following statement:
We are pleased that ISS recognizes that there is no need for the proxy contest that was launched by Bradley Radoff and recommends that Genesco shareholders vote "FOR" all nine of Genesco's directors on the WHITE proxy card. Under the oversight of the Company's highly qualified directors, our management team is successfully transforming the business and is executing a strategy that is working and delivering strong results. We continue to believe Mr. Radoff's unnecessary campaign and director nominees present significant risk to the momentum we have underway. We appreciate ISS highlighting our progress and outperformance compared to Genesco's peers and we are confident we are on the right path to continue driving value for all shareholders.
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1 Permission to use quotations was neither sought nor obtained. |
Your vote is extremely important no matter how many shares you own. We urge you to protect the value of your investment and vote "FOR" ONLY Genesco's nine nominees on the WHITE proxy card today.
