Bradley L. Radoff, Jumana Capital Investments LLC and Christopher R. Martin (collectively, the “Radoff-Jumana Group” or “we”), who collectively own approximately 9.1% of the outstanding shares of Genesco Inc. (NYSE: GCO) (“Genesco” or the “Company”), today released a rebuttal presentation spotlighting several false and misleading claims made in the Company’s July 1, 2026 presentation.
The Radoff-Jumana Group also issued the following statement:
“Given the Board’s latest manipulation of the facts, we once again call for Ms. Vaughn to be stripped of the Chair role. It is clear to us that there is zero accountability in the boardroom so long as Ms. Vaughn is calling the shots. In fact, the Board should promote Andrew Gray to CEO if Ms. Vaughn continues to waste shareholder resources in an attempt to mislead investors and maintain her grip on the Company – he is effectively already running the business as CEO of the profitable Journeys segment.
We also urge the Company to conduct a Dutch tender offer for 1 million shares. The Company has excess cash, in our view, following its receipt of a $58.7 million tax refund and anticipated $23-$25 million tariff refund.1 With excess real estate, inventory and overhead costs, we demand all excess cash be returned to shareholders at the soonest possible opportunity.”
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Vote FOR the Radoff-Jumana Group’s Nominees – Westervelt T. Ballard, Jr. and Paula J. Poskon – Today to Hold the Legacy Board Accountable for Years of Value Destruction and Send a Clear Signal for Change
Do NOT Vote for Joanna Barsh or Thurgood Marshall, Jr.
Questions about how to vote? Contact (888) 368-0379 or info@saratogaproxy.com
Visit www.saratogaproxy.com/Genesco to learn more
| 1 Company Q1 2027 earnings press release dated May 29, 2026. Company Form 10-K for the fiscal year ended January 31, 2026 filed on March 25, 2026. | |
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