Preliminary Vote Supports Election of All Four of Sherborne Investors' Nominees to Nautilus, Inc. Board - SNEWS

Preliminary Vote Supports Election of All Four of Sherborne Investors' Nominees to Nautilus, Inc. Board

Sherborne Investors LP said today that, based on information provided by its proxy solicitation firm, D.F. King & Co., Inc., it believes all four Sherborne Investors nominees have won election to the Company’s Board of Directors and all other proposals were passed at today’s special meeting of shareholders of Nautilus, Inc. (NYSE: NLS - News).
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NEW YORK--Sherborne Investors LP said today that, based on information provided by its proxy solicitation firm, D.F. King & Co., Inc., it believes all four Sherborne Investors nominees have won election to the Company's Board of Directors and all other proposals were passed at today's special meeting of shareholders of Nautilus, Inc. (NYSE: NLS - News). The vote will not become official until the inspector of elections certifies the final vote tally, which is expected to occur shortly.

“We are extremely gratified by the vote of confidence today extended to our nominees and to the strategic plan we have outlined for Nautilus,” said Gerard Eastman, a Managing Director of Sherborne Investors. “We look forward to working alongside the incumbent Board members and management to improve the Company's performance and enhance value for all shareholders.”

Based on preliminary figures, the following individuals were elected to the Company's Board of Directors:

Edward J. Bramson, Managing Director of Sherborne Investors LP, Executive Chairman of Spirent Communications plc and formerly Chairman of Ampex Corporation and Elementis plc
Gerard L. Eastman, Managing Director of Sherborne Investors LP and formerly a Managing Director at Citigroup Global Markets, Inc.
Michael A. Stein, formerly Chief Financial Officer of ICOS Corporation, Nordstrom, Inc. and Marriot International, Inc.
Richard A. Horn, formerly General Manager of the PetsHotel Division of PETsMART, Inc.
They will join three existing members: Robert Falcone, Ronald Badie and Marvin Siegert.

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