Radoff-Jumana Group pushes for board change at Genesco

An activist investor group is calling for the removal of two long-tenured directors at Genesco Inc. (NYSE: GCO), releasing a presentation that criticizes the company's governance and shareholder returns.

The Radoff-Jumana Group — comprising Bradley L. Radoff, Jumana Capital Investments LLC and Christopher R. Martin — collectively owns approximately 8.7% of Genesco's outstanding shares. The group is urging shareholders to vote against directors Thurgood Marshall, Jr. and Joanna Barsh at the upcoming board election.

According to the group's presentation, Marshall has served on Genesco's board since 2012 and received nearly $2.5 million in compensation during a period in which total shareholder return was -53.4%. The group notes that Marshall spent his career as a lawyer and lobbyist at Morgan, Lewis & Bockius LLP, a firm that Genesco paid for services for several years. Marshall purchased 3,600 shares of Genesco stock on a single day in July 2012 and has made no additional purchases since, per Form 4 filings.

Barsh, who joined the board in 2013, has presided over a -50.2% total shareholder return and has never purchased a share of Genesco common stock, according to her Form 4 filings. The group says Barsh, as chair of the Nominating and Governance Committee, rejected its nominees one day after conducting what it described as "pretextual interviews."

The group also criticized the board's recent decision to hire a CFO from America's Car-Mart, Inc., a microcap company whose share price declined by more than 95% during the incoming executive's tenure there.

The Radoff-Jumana Group is nominating Westervelt T. Ballard, Jr., former president and CEO of Stabilis Solutions, Inc. (NASDAQ: SLNG), and Paula J. Poskon, who brings nearly 25 years of capital markets experience from D.A. Davidson & Co., Robert W. Baird & Co. and Lehman Brothers, and has served on the boards of Cedar Realty Trust and Power REIT (NYSE: PW).

The group noted that Genesco has faced three activist campaigns in eight years. Total shareholder return figures were calculated as of April 14, 2026, according to FactSet data cited in the presentation.

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