Collective Brands' Stockholders Pass Proposals at Corporation's Annual Meeting

Stockholders of Collective Brands, Inc. PSS today at the Corporation's annual meeting re-elected all three of the Company's nominees to the Collective Brands Board of Directors, approved an advisory vote on executive compensation, approved the one year frequency of holding future advisory votes on executive compensation and ratified the reappointment of Deloitte & Touche LLP as the corporation's independent registered public accountant for fiscal year 2011. Robert F. Moran, President and Chief Executive Officer of PetSmart, Inc., Matthew A. Ouimet, former President and Chief Operating Officer for Corinthian Colleges and Matthew E. Rubel, Chairman, Chief Executive Officer and President of Collective Brands, Inc., were re-elected to the Collective Brands Board of Directors at the meeting. These re-elected board members were each elected to a three-year term to expire at the annual meeting of stockholders in 2014