1. Marathon Partners Comments on Recent Settlement Discussions With Shutterfly in Letter to the Board of Directors

    Marathon Partners Comments on Recent Settlement Discussions With Shutterfly in Letter to the Board of Directors

    NEW YORK, May 29, 2015 /PRNewswire/ -- Marathon Partners Equity Management, LLC, together with its affiliates ("Marathon Partners"), one of the largest shareholders of Shutterfly, Inc. ("Shutterfly" or the "Company")(NASDAQ: SFLY), today announced that it has delivered a letter to Philip A. Marineau, Chairman of the Board of Directors of Shutterfly (the "Board"), and the Board, to clarify Marathon Partners' position and set the record straight regarding the recent settlement discussions to resolve the proxy contest at the upcoming 2015 Annual Meeting..

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