Vote Supports Election of Sherborne Investors’ Nominees to Nautilus Board

Sherborne Investors LP has announced that based on information provided by its proxy solicitation firm, D.F. King & Co., it believes all four of its investors’ nominees have won election to the board of directors of Nautilus Inc., and all other proposals were passed at today’s special meeting of shareholders of Nautilus.

Based on the preliminary figures, the four individuals elected to the board: Edward J. Bramson, managing director of Sherborne Investors and executive chairman of Spirent Communications; Gerard L. Eastman, managing director of Sherborne and formerly a managing director of Citigroup Global Markets Inc.; Michael A. Stein, formerly the CFO of ICOS Corporation, Nordstrom Inc., and Marriot International Inc.; and Richard A. Horn, formerly the general maanger of the PetsHotel division of PetSmart Inc.

“We are extremely gratified by the vote of confidence today extended to our nominees and to the strategic plan we have outlined for Nautilus,” Eastman said in a statement. “We look forward to working alongside the incumbent board members and management to improve the company’s performance and enhance value for all shareholders.”