Marathon Partners Sends Letter to OnDeck Board Outlining Suggested Changes

In a letter to the board at OnDeck, Marathon Partners has outlined changes they want to see enacted; Marathon believes OnDeck has put a premium on growing their originations instead of getting costs under control and growing shareholder value; additionally they have been disappointed with OnDeck’s corporate governance and executive compensation practices; the private equity firm recommends the lender cut costs to get them under control and seek the sale of the company to a stable partner. Source