Genesco Inc. (NYSE:GCO) ("Genesco" or the "Company") today released a letter from its Board of Directors to Legion Partners Asset Management, LLC ("Legion") dated May 19, 2021 in response to Legion's recent mischaracterizations of the actions Genesco took to avoid a proxy fight at this year's Annual Meeting. The letter, sent to Legion before Genesco filed its preliminary proxy with the Securities and Exchange Commission, highlights Genesco's significant efforts over the past several months to work in good faith with Legion to reach a resolution that is in the best interests of all shareholders, contrary to Legion's false claims. The letter clearly demonstrates that Genesco's Board of Directors has consistently tried to engage with Legion in an attempt to work collaboratively and consider their concerns, notwithstanding Legion refusing to participate in a meaningful dialogue with Genesco. The full text of the letter is included here or by visiting https://www.genescodrivingvalue.com/.
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Genesco urges all shareholders to read the full text of the letter and strongly urges all shareholders to protect the value of their investment by voting the BLUE proxy card today "FOR" all nine of the Company's highly qualified directors. The Company's Annual Meeting of Shareholders is scheduled to be held on July 20, 2021. Shareholders of record as of close of business on June 28, 2021 will be entitled to vote at the meeting.
If shareholders have any questions or need help voting their BLUE proxy card, please contact:
Innisfree M&A Incorporated
1 (877) 825-8772
(toll-free from the U.S. and Canada)
+1 (412) 232-3651
(from other locations)