dfan14a-120707.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
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(Rule
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Material Pursuant to §240.14a-12
(Name
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Registrant as Specified In Its Charter)
SHERBORNE
INVESTORS LP, SHERBORNE INVESTORS GP, LLC, SHERBORNE
INVESTORS MANAGEMENT
LP, SHERBORNE INVESTORS MANAGEMENT GP, LLC,
SHERBORNE STRATEGIC FUND A, LLC,
SHERBORNE STRATEGIC FUND B, LLC,
NOTTINGHAM INVESTORS LLC AND EDWARD J.
BRAMSON
(Name
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ISS
RECOMMENDS CHANGES TO THE NAUTILUS BOARD
Supports
Election of Two Sherborne Investors Nominees
NEW
YORK,
NY, December 7, 2007 – Sherborne Investors LP said today it is pleased
Institutional Shareholders Services Inc. (ISS) has recommended that Nautilus,
Inc. (NYSE: NLS) shareholders support Sherborne Investors nominees Gerard
Eastman and Michael Stein for election to the company’s Board of Directors at
the upcoming special meeting of shareholders on December 18, 2007. In
its report, ISS recognized that Nautilus has “underperformed its peers both in
terms of financial and stock price performance” and said the election of Mr.
Eastman and Mr. Stein would “enhance the corporate governance and management
oversight” of the Board.
Sherborne
Investors reminded shareholders that to fully implement its strategic plan,
which aims to return Nautilus to a path of financial stability and profitable
growth, they should vote “FOR” the entire slate of directors on the GREEN proxy
card, including Edward Bramson and Richard Horn.
“We
are
gratified that ISS recognized the extensive experience and operational expertise
demonstrated by our director nominees,” said Edward Bramson, a Sherborne
Investors partner and Portfolio Manager. “Collectively, our nominees
are committed to helping Nautilus reassess its current strategy and set a new
operational course focused on restoring financial stability and delivering
attractive growth and returns to shareholders. We encourage
shareholders to maximize our ability to enact the necessary changes at the
company by voting for the full slate on the Green proxy card.”
For
more information, please go
to www.dfking.com/sherborne.
Media
Contacts:
Adam
Miller/Tom Johnson
Abernathy
MacGregor Group
(212)
371-5999
Institutional
Investor Contact:
Jordan
Kovler
D.F.
King
& Co., Inc.
(212)
493-6990
A
proxy
statement regarding this proxy solicitation was filed with the Securities and
Exchange Commission on November 5, 2007. You should read the proxy statement,
as
it contains important information. Copies of this proxy statement are available
free of charge at www.sec.gov and www.dfking.com/sherborne or by
calling D.F. King & Co., Inc. at the numbers listed below. The GREEN proxy
card is being furnished to shareholders in connection with the solicitation
of
proxies by Sherborne Investors LP and not on behalf of the incumbent board
of
directors of the company.
Banks
and
Brokers Call Collect: (212) 269-5550
All
others call toll free: (800) 628-8532