Nautilus Inc. said its board adopted a shareholder rights plan, a
provision that would make hostile takeovers difficult. An acquisition
of 20% or more of its outstanding shares without the board's approval
would trigger the rights plan.
The plan will continue in effect until October 28, 2010, unless earlier
terminated or redeemed by Nautilus, Inc. The board has also resolved to
submit the continuation of the plan to a shareholder vote within the
next 12 months. The plan may be terminated by the board at any time.
The shareholder rights plan comes as shares of Nautilus have fallen significantly amid losses and management change.