Nautilus, Inc. expands board of directors

Nautilus, Inc. (NYSE: NLS, Financial), an innovation leader in personalized connected home fitness, announced today that Kelley Hall, Senior Vice President and Chief Financial Officer, Recreational Equipment, Inc. (REI) and Shailesh Prakash, Chief Information Officer and Vice President of Digital Product Development at The Washington Post was appointed to its Board of Directors effective October 21, 2021.

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Nautilus, Inc. Appoints Kelley Hall, SVP and CFO of Recreational Equipment, Inc. (REI) to its Board of Directors; Veteran Finance Executive brings extensive expertise in financial strategy leadership and omnichannel ecosystem management to several leading global companies. (Photo: Business Wire)

The appointments of Ms. Hall and Mr. Prakash come at a crucial time for the company as it continues its long-term strategic plan. Ms. Hall brings extensive expertise in financial strategy leadership and omnichannel ecosystem management to several leading companies, including REI, the country’s largest consumer cooperative. Mr. Prakash has extensive engineering and digital strategy experience and has led several digital growth transformations including the transition to and use of subscription business models.

“We are very pleased to have Kelley and Shailesh on our board of directors,” said M. Carl Johnson, III, Chairman of Nautilus, Inc., said of the company’s innovation and growth in connected home fitness. ”

About Kelly Hall

Ms. Hall is currently Senior Vice President and Chief Financial Officer at REI, the largest consumer cooperative in the country, where she leads financial planning and analysis, strategy, sustainability, accounting, treasury, internal auditing, taxation, strategic procurement and asset protection teams and security teams. Prior to REI, Ms. Hall was senior vice president, chief accounting officer and treasurer at Nordstrom, Inc. Kelley also spent nine years at NIKE, Inc. in various senior finance positions. Ms. Hall held a variety of finance leadership positions with Starbucks Corporation from 1994 to 2008, including several positions as vice president in support of US retail and corporate finance. Ms. Hall is also a member of the Seattle Foundation Board of Trustees. She earned a Bachelor of Arts and a Master of Business Administration from the University of Washington.

Ms. Hall commented, “I look forward to joining the Nautilus board of directors at this exciting time in the company’s development and having the tremendous opportunity for further growth as a major player in the connected home fitness category.”

About Shailesh Prakash

Mr. Prakash is currently the Chief Information Officer and Vice President of Digital Product Development at The Washington Post, where he is responsible for all aspects of product development and technology, including the web, mobile, video, print and advertising. Under his leadership and in close collaboration with the newsroom, The Post has seen tremendous digital growth. He also led the development of Arc XP, The Post’s rapidly growing global software-as-a-service business. This cutting-edge digital platform and suite of tools was designed to meet the needs of publishers, broadcasters and brands and currently operates more than 1500 websites in the US and around the world. Mr. Prakash has an extensive track record in senior positions in several industries. He began his career as a software engineer with several technology companies, including Sun Microsystems and Netscape, and Microsoft, where he was a key member of the Bing search engine. He holds a BS in computer science from IIT, Mumbai, an MS in computer science from Clemson University, and a MSc in business administration from Georgia State University.

Mr. Prakash said, “I am thrilled to be joining the Nautilus Board at this transformative time in the company’s journey as a leading innovator in connected home fitness and creating inspiring and motivating experiences for customers of its award-winning brands.”

About Nautilus, Inc.

Nautilus, Inc. (NYSE: NLS, Financial) is a leading global provider of digitally networked home fitness solutions. The company’s family of brands includes Bowflex®, Nautilus®, Schwinn® and JRNY®, its digital fitness platform. With a wide variety of exercise bikes, cardio machines, and strength training products, Nautilus, Inc. enables healthier lives through personalized, connected fitness experiences; envisioning building a healthier world, one person at a time.

Headquartered in Vancouver, Washington, products are sold direct to consumers through branded websites and retail partners, and are available in the US and internationally. Nautilus, Inc. uses the Investor Relations page of its website (www.nautilusinc.com% 2Finvestors) to provide information to its investors and the marketplace.

This press release contains forward-looking statements (statements that are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including: projected, targeted, or projected financial, operating results and capital expenditures, including, but not limited to, net sales growth rates, gross margins, Operating expenses, operating margins, expected demand for the company’s new and existing products, statements about the company’s prospects, resources, or capabilities; planned investments, strategic initiatives and the expected or intended results of such initiatives; the impact of the COVID-19 pandemic on the company’s business; and planned operational initiatives and the expected cost savings results of such initiatives. All of these forward-looking statements are subject to risks and uncertainties, which can change at any time. Factors that could cause Nautilus, Inc.’s actual expectations to differ materially from these forward-looking statements include: weaker than expected demand for new or existing products; our ability to timely acquire inventory that meets our quality control standards from overseas manufacturers from a single source at an acceptable cost; Risks related to current and potential delays, work disruptions or interruptions in the supply chain, including shipping delays due to severe shortage of shipping containers; the inability to pass on or otherwise mitigate the effects of raw material price increases and other cost pressures, including unfavorable exchange rates and increased shipping costs; Delays and / or higher than expected costs associated with new product launches, entry into new markets, or strategic initiatives; our ability to recruit and retain key personnel; Changes in consumer fitness trends; Changes in the media consumption habits of our target consumers or the effectiveness of our media advertising; a decrease in consumer spending due to adverse economic conditions; Risks related to the impact of the COVID-19 pandemic or similar public health crises on our business; Softness in the retail market; The availability and timing of capital to fund our strategic initiatives, including the ability to raise capital on favorable terms or at all; Changes in financial markets, including changes in credit markets and interest rates that affect our ability to enter those markets on favorable terms, and the effects of future impairment. Additional assumptions, risks, and uncertainties are fully described in our registration statements, reports, and other filings with the Securities and Exchange Commission, including the “Risk Factors” set out in our Annual Report on Form 10-K, supplemented by our Quarterly Reports on Form 10- Q. Such submissions are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that our actual results could differ materially from those shown in the forward-looking statements. We assume no obligation to publicly update or revise any forward-looking statements to reflect future developments, events or circumstances.

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