Deckers Outdoor (DECK) Announces $50M Share Buyback
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Deckers Outdoor Corporation (NASDAQ: DECK) announced the Board's approval to repurchase up to $50 million of the Company's common stock in the open market or in privately negotiated transaction.
Deckers also said at its annual stockholder meeting, stockholders re-elected the eight directors nominated and named in the Company's proxy statement for the 2009 Annual Meeting of Stockholders, all of whom were then serving as directors of the Company. The stockholders also ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2009. In addition, the stockholders approved a proposal to amend the Company's Restated Certificate of Incorporation to increase the number of authorized shares of common stock of the Company to 50 million from 20 million shares.
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