Marathon Partners Equity Management LLC and its affiliatessaid May 9 that they will support ShutterflyInc.'s proxy and will vote in favor of all director nominees to thecompany's board at the upcoming annual shareholder meeting.
Mario Cibelli, the manager member of Marathon Partners, saidthat he is "thrilled" to support Chris North and Elizabeth Rafael asthe company's new board nominees.
Cibelli was a member of Shutterfly's board from where herecently resigned. Hewas elected at thecompany's June 2015 annual stockholders meeting as a nominee of activistinvestor Marathon Partners.