<SEC-DOCUMENT>0000930413-17-003998.txt : 20180119
<SEC-HEADER>0000930413-17-003998.hdr.sgml : 20180119
<ACCEPTANCE-DATETIME>20171208060039
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000930413-17-003998
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20171208

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:		CORRESP

	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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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 53%; padding-right: 12.95pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 9pt Garamond, Times, Serif; text-align: right; letter-spacing: -0.25pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 34px; width: 335px"></TD>
    <TD STYLE="width: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><P STYLE="font: 11pt/115% Garamond, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">650 Page Mill Road</FONT></P>

<P STYLE="font: 11pt/115% Garamond, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">Palo Alto, CA 94304-1050</FONT></P>

<P STYLE="font: 11pt/115% Garamond, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Garamond, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt; font-variant: small-caps">phone
</FONT><FONT STYLE="font-size: 10pt">650.493.9300</FONT></P>

<P STYLE="font: 11pt/115% Garamond, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">fax 650.493.6811</FONT></P>

<P STYLE="font: 11pt/115% Garamond, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>www.wsgr.com
</B></FONT></P>
        <P STYLE="font: 9pt Garamond, Times, Serif; margin: 0 0.05in 0 0; letter-spacing: -0.25pt; text-align: right">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase">DOUGLAS K. SCHNELL</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">Internet: dschnell@wsgr.com</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">Direct Dial: (650) 849-3275</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">December 7, 2017</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>BY EDGAR AND EMAIL</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Daniel Duchovny, Esq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Frank Pigott, Esq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Office of Mergers and Acquisitions</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Division of Corporation Finance</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Securities and Exchange Commission</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">100 F Street NE</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD>Deckers Outdoor Corporation</TD></TR></TABLE>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Definitive Additional Materials on Schedule 14A</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Filed on December 1, 2017</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in">File No. 001-36436</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0">Dear Messrs. Duchovny and Pigott:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">On behalf of our client, Deckers Outdoor
Corporation (the &ldquo;Company&rdquo;), we submit this letter in response to comments from the staff (the &ldquo;Staff&rdquo;)
of the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) received by letter dated December 4, 2017, relating to
the Company&rsquo;s definitive additional materials on Schedule 14A filed with the Commission on December 1, 2017.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">In this letter, we have recited the comments
from the Staff in italicized, bold type and have followed each comment with the Company&rsquo;s response.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in"><B><U>Definitive Additional Soliciting
Materials filed December 1, 2017</U></B></P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD><B><I>We note your disclosure that while Glass Lewis recommended that security holders vote for your entire slate of nominees,
ISS recommended a vote on your card. Please revise your disclosure to clarify whether ISS recommended a vote for less than all
of your nominees (and name any such nominees for which ISS did not make a favorable recommendation), such that your disclosure
is complete.</I></B></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">On December 1, 2017, Institutional Shareholder
Services Inc. (&ldquo;ISS&rdquo;) recommended that its clients vote on the Company&rsquo;s white proxy card at the Company&rsquo;s
2017 Annual Meeting of</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"></P>


<P STYLE="font: small-caps bold 8pt Garamond, Times, Serif; margin: 4pt 0 2pt; text-align: center">austin&nbsp;&nbsp; beijing&nbsp;&nbsp; boston &nbsp;&nbsp;brussels
&nbsp;&nbsp;&nbsp;hong kong&nbsp;&nbsp;&nbsp; los angeles&nbsp;&nbsp;&nbsp; new york &nbsp;&nbsp;&nbsp;palo alto<BR>
san diego &nbsp;&nbsp;&nbsp;san francisco &nbsp;&nbsp;&nbsp;seattle&nbsp;&nbsp;&nbsp; shanghai&nbsp;&nbsp;&nbsp; washington, dc &nbsp;&nbsp;&nbsp;wilmington, de</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 26px; width: 216px"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Daniel Duchovny, Esq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Frank Pigott, Esq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">December 7, 2017</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Page 2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in">Stockholders. As part of this recommendation,
ISS recommended that its clients vote for six of the Company&rsquo;s highly qualified and experienced director nominees. With
respect to the Company&rsquo;s remaining three highly qualified and experienced director nominees, ISS recommend a withhold vote.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">On December 1, 2017, the Company issued
a press release concerning the recommendation of ISS, as well as the recommendation of Glass, Lewis &amp; Co. (&ldquo;Glass Lewis&rdquo;).<A HREF="#note_ftn1" NAME="note_ftnref1" STYLE="font-size: 65%; vertical-align: 35%">1</A>
This press release included a single statement that ISS and Glass Lewis recommended that &ldquo;stockholders vote on the <B>WHITE</B>
proxy card for [the Company&rsquo;s] highly qualified and experienced director nominees.&rdquo; The press release otherwise only
urged stockholders&mdash;as recommended by both ISS and Glass Lewis&mdash;to vote on the Company&rsquo;s white proxy card.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">On December 6, 2017, ISS revised its
recommendation following the decision of Marcato Capital Management LP (&ldquo;Marcato&rdquo;) to terminate its full-slate proxy
contest and instead pursue a short-slate contest. ISS is now recommending that stockholders vote on Marcato&rsquo;s gold proxy
card. Also on December 6, Glass Lewis confirmed that it is continuing to recommend that its clients vote for all of the Company&rsquo;s
highly qualified and experienced director nominees on the Company&rsquo;s white proxy card.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">The Company believes that its disclosure
was complete when it was made because ISS did recommend that its clients use the Company&rsquo;s white proxy card. In addition,
ISS did recommend that its clients vote for certain of the Company&rsquo;s highly qualified and experienced director nominees.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">The Company&rsquo;s disclosure has also
been rendered moot by the change in ISS&rsquo; recommendation and its position that stockholders should now vote on Marcato&rsquo;s
gold proxy card.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Accordingly, the Company does not believe
that any clarification of its disclosure is necessary.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD><B><I>Please provide us supplemental support for statements attributed to Glass Lewis and ISS.</I></B></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">The Company is providing to the Staff
on a supplemental basis the reports of Glass Lewis and ISS. Also provided are the revised reports of Glass Lewis and ISS.</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 1in">&nbsp;</P>

<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A HREF="#note_ftnref1" NAME="note_ftn1" STYLE="font-size: 65%; vertical-align: 35%">1</A>
Glass Lewis recommend that its clients vote for all of the Company&rsquo;s highly qualified director nominees.</P>



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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 26px; width: 216px"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Daniel Duchovny, Esq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Frank Pigott, Esq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">December 7, 2017</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Page 3&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">If the Staff has any questions or comments
concerning the foregoing, or requires any further information, please contact me at (650) 849-3275 or Bradley L. Finkelstein at
(650) 565-3514.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 3.25in">Very truly yours,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">WILSON SONSINI GOODRICH &amp; ROSATI</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">Professional Corporation</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">/s/ Douglas K. Schnell</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">Douglas K. Schnell</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">cc:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deckers Outdoor Corporation</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Tom Garcia</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Lisa Bereda</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Wilson Sonsini Goodrich &amp; Rosati, Professional
Corporation</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Larry W. Sonsini</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Bradley L. Finkelstein</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<P STYLE="margin: 0"></P>

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