\nIssues Rebuttal Presentation Highlighting How Genesco\u2019s July 1 Presentation Uses \u2018Mimi Math\u2019 to Cherry-Pick a Depressed Starting Share Price and Artificially High Ending Share Price in Order to Make the Company\u2019s Performance Appear Better Than It Actually Is \u2013 Stock Is Down More Than 22% Since Cherry-Picked Date<\/i><\/p>
\nBelieves This Is the Latest Example of the Board Manipulating the Facts and Calls for Ms. Vaughn to Be Stripped of Her Board Chair Role<\/i><\/p>
\nCalls on Genesco to Return Excess Cash to Shareholders via a Dutch Tender Offer for 1 Million Shares at the Earliest Possible Opportunity<\/i><\/p>
HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, Jumana Capital Investments LLC and Christopher R. Martin (collectively, the \u201cRadoff-Jumana Group\u201d or \u201cwe\u201d), who collectively own approximately 9.1% of the outstanding shares of Genesco Inc. (NYSE: GCO) (\u201cGenesco\u201d or the \u201cCompany\u201d), today released a rebuttal presentation<\/b><\/a> spotlighting several false and misleading claims made in the Company\u2019s July 1, 2026 presentation.<\/p> \nThe Radoff-Jumana Group also issued the following statement:<\/p> \n\u201cGiven the Board\u2019s 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 \u2013 he is effectively already running the business as CEO of the profitable Journeys segment.<\/i><\/p> \nWe 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<\/sup> With excess real estate, inventory and overhead costs, we demand all excess cash be returned to shareholders at the soonest possible opportunity.\u201d<\/i><\/p> \n***<\/p> \nVote FOR<\/span> the Radoff-Jumana Group\u2019s Nominees \u2013 Westervelt T. Ballard, Jr. and Paula J. Poskon \u2013 Today to Hold the Legacy Board Accountable for Years of Value Destruction and Send a Clear Signal for Change<\/b><\/p> \nDo NOT<\/span> Vote for Joanna Barsh or Thurgood Marshall, Jr.<\/b><\/p> \nQuestions about how to vote? Contact (888) 368-0379 or info@saratogaproxy.com<\/a><\/p> \nVisit www.saratogaproxy.com\/Genesco<\/a> to learn more<\/p> \n\u00a0<\/p> \nGreg Lempel\n \nor<\/p>\n
\n \n \u00a0<\/td>\n<\/tr>\n \n 1<\/sup> 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.<\/td>\n<\/tr>\n<\/table>