<SEC-DOCUMENT>0000930413-17-003766.txt : 20171114
<SEC-HEADER>0000930413-17-003766.hdr.sgml : 20171114
<ACCEPTANCE-DATETIME>20171113203456
ACCESSION NUMBER:		0000930413-17-003766
CONFORMED SUBMISSION TYPE:	DEFR14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20171114
DATE AS OF CHANGE:		20171113
EFFECTIVENESS DATE:		20171114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DECKERS OUTDOOR CORP
		CENTRAL INDEX KEY:			0000910521
		STANDARD INDUSTRIAL CLASSIFICATION:	RUBBER & PLASTICS FOOTWEAR [3021]
		IRS NUMBER:				953015862
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DEFR14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36436
		FILM NUMBER:		171198004

	BUSINESS ADDRESS:	
		STREET 1:		250 COROMAR DRIVE
		CITY:			GOLETA
		STATE:			CA
		ZIP:			93117
		BUSINESS PHONE:		8059677611

	MAIL ADDRESS:	
		STREET 1:		250 COROMAR DRIVE
		CITY:			GOLETA
		STATE:			CA
		ZIP:			93117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DECKERS FOOTWEAR CORP
		DATE OF NAME CHANGE:	19930811
</SEC-HEADER>
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<TYPE>DEFR14A
<SEQUENCE>1
<FILENAME>c89716_defr14a.htm
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<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">SCHEDULE 14A<BR>
(Rule 14A-101)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">PROXY STATEMENT PURSUANT TO SECTION 14(a)<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934<BR>
(Amendment No. 1)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Filed
by the Registrant </FONT><FONT STYLE="font-family: Wingdings">&#254;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Filed by a Party other than the Registrant <FONT STYLE="font: 10pt Wingdings">o</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Check the appropriate box:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Wingdings">o</FONT>
Preliminary Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">
<B>Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT><BR>
<FONT STYLE="font-family: Wingdings">&#254;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"> Definitive Proxy Statement</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Wingdings">o</FONT>
Definitive Additional Materials</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Wingdings">o</FONT>
Soliciting Materials under &sect;240.14a-12</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">DECKERS OUTDOOR CORPORATION<BR>
<FONT STYLE="font-size: 8pt">(Name of Registrant as Specified in its Charter)</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Payment of Filing Fee (Check the appropriate
box):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-family: Wingdings">&#254;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left">No fee required.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left; width: 18pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 18pt">1)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Title of each class of securities to which the transaction applies:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">2)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Aggregate number of securities to which transaction applies:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">3)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Per unit price or other underlying value of transaction computed pursuant
    to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">4)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Proposed maximum aggregate value of transaction:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">5)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Total fee paid:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left">Fee paid previously with preliminary materials.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.&nbsp;&nbsp;Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">1)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Amount Previously Paid:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">2)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Form, Schedule or Registration Statement No.:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">3)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Filing Party:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left; width: 18pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 18pt">4)</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">Date Filed:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>DECKERS OUTDOOR CORPORATION<BR>
250 Coromar Drive<BR>
Goleta, California 93117</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SUPPLEMENT TO PROXY STATEMENT</B><BR>
<B>FOR 2017 ANNUAL MEETING OF STOCKHOLDERS</B><BR>
<B>to be held on Thursday, December&nbsp;14, 2017, at 8:00 a.m. Pacific Time </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 27pt">This proxy statement supplement, dated November&nbsp;13,
2017 (this &ldquo;Supplement&rdquo;), supplements the proxy statement dated November&nbsp;2, 2017 (the &ldquo;Proxy Statement&rdquo;)
previously made available to the stockholders of Deckers Outdoor Corporation (&ldquo;Deckers&rdquo;) in connection with the solicitation
by Deckers&rsquo; Board of Directors (the &ldquo;Board&rdquo;) of proxies to be voted at the 2017 Annual Meeting of Stockholders
(together with any postponements, adjournments or other delays thereof, the &ldquo;Annual Meeting&rdquo;). The Annual Meeting will
be held at Deckers&rsquo; corporate headquarters located at 250 Coromar Drive, Goleta, CA 93117, on Thursday, December&nbsp;14, 2017, at 8:00
a.m. Pacific Time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 27pt">The purpose of this Supplement is to provide updated
information relating to recent actions taken by the Board. Except as described in this Supplement, the information provided in
the Proxy Statement continues to apply. To the extent that information in this Supplement differs from or updates information contained
in the Proxy Statement, the information in this Supplement is more current. <B>THE PROXY STATEMENT CONTAINS IMPORTANT ADDITIONAL
INFORMATION AND THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>DECKERS&rsquo; ACTIONS TO ADDRESS AND RESOLVE<BR>
LITIGATION INITIATED BY MARCATO</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">As further described in the Proxy Statement,
on October 23, 2017, an affiliate of Marcato Capital Management LP (&ldquo;Marcato&rdquo;) filed a lawsuit in the Court of Chancery
of the State of Delaware that names Deckers and each member of the Board as defendants. To ensure that stockholders can focus on
what matters&mdash;choosing the right stewards to lead Deckers forward and
continue to execute on its transformation&mdash;on November 10, 2017, the Board took the following actions:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36pt; line-height: 115%; text-align: center; vertical-align: top">&bull;</TD>
    <TD STYLE="line-height: 115%">As previously announced, Deckers will
    hold the Annual Meeting on December 14, 2017, subject only to the Board&rsquo;s ability, in the exercise of its fiduciary
    duties to stockholders, to adjust the date of the meeting should circumstances require that action. The Board also authorized
    Deckers to enter into a stipulation with Marcato regarding this commitment.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; text-align: center; vertical-align: top">&bull;</TD>
    <TD STYLE="line-height: 115%">The Board approved an amendment to Deckers&rsquo;
    credit facility to prevent an &ldquo;event of default&rdquo; from occurring under the credit facility if a majority of Marcato&rsquo;s
    director nominees were to be elected at the Annual Meeting. Deckers is working with JPMorgan Chase Bank, the administrative
    agent under its credit facility, to obtain the necessary lender consents to implement this amendment as soon as possible.
    The Board approved Marcato&rsquo;s director nominees as director candidates under the credit facility solely for this purpose.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; text-align: center; vertical-align: top">&bull;</TD>
    <TD STYLE="line-height: 115%">The Board disabled the acceleration of equity awards
    and compensation arrangements under certain of Decker&rsquo;s equity and deferred compensation plans that would have otherwise
    occurred if a majority of Marcato&rsquo;s director nominees were to be elected at the Annual Meeting. In order to effect this
    change, the Board determined that Marcato&rsquo;s director nominees, if elected, would be &ldquo;continuing directors&rdquo;
    solely for this purpose under the relevant equity and deferred compensation plans.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.25in">In light of these actions, Deckers and the Board
believe that Marcato&rsquo;s lawsuit is moot and will promptly pursue dismissal of Marcato&rsquo;s lawsuit.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

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