EX-24 2 ex24.txt POWER OF ATTORNEY Exhibit 24 CONFIRMING STATEMENT This Statement confirms that the undersigned, Sherborne Investors LP, Sherborne Investors GP, LLC, Sherborne Investors Management LP, Sherborne Investors Management GP, LLC, Sherborne Strategic Fund A, LLC, Sherborne Strategic Fund B, LLC, Nottingham Investors LLC and Edward J. Bramson, have each authorized and designated Craig L. McKibben, Edward Bramson and Gerard L. Eastman, or any one of them, to execute and file on each of the undersigned's behalf all Forms 3, 4, and 5 (including any amendments thereto) that each of undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of each of the undersigned's ownership of or transactions in securities of Nautilus, Inc. The authority of Craig L. McKibben, Edward Bramson and Gerard L. Eastman under this Statement shall continue until the undersigned are no longer required to file Forms 3, 4, and 5 with regard to their ownership of or transactions in securities of Nautilus, Inc., unless earlier revoked in writing. Each of the undersigned acknowledges that Craig L. McKibben, Edward Bramson and Gerard L. Eastman are not assuming any of the undersigneds' responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. Date: July 25, 2007 SHERBORNE INVESTORS LP By: SHERBORNE INVESTORS GP, LLC, its general partner By: /s/ Gerard L. Eastman ----------------------------- Name: Gerard L. Eastman Title: Managing Director SHERBORNE INVESTORS GP, LLC By: /s/ Gerard L. Eastman -------------------------------- Name: Gerard L. Eastman Title: Managing Director SHERBORNE INVESTORS MANAGEMENT LP By: SHERBORNE INVESTORS MANAGEMENT GP, LLC, its general partner By: /s/ Gerard L. Eastman ----------------------------- Name: Gerard L. Eastman Title: Managing Director SHERBORNE INVESTORS MANAGEMENT GP, LLC By: /s/ Gerard L. Eastman --------------------------------- Name: Gerard L. Eastman Title: Managing Director SHERBORNE STRATEGIC FUND A, LLC By: SHERBORNE INVESTORS LP, its managing member By: SHERBORNE INVESTORS GP, LLC, its general partner By: /s/ Gerard L. Eastman ----------------------------- Name: Gerard L. Eastman Title: Managing Director SHERBORNE STRATEGIC FUND B, LLC By: SHERBORNE INVESTORS LP, its managing member By: SHERBORNE INVESTORS GP, LLC, its general partner By: /s/ Gerard L. Eastman ----------------------------- Name: Gerard L. Eastman Title: Managing Director NOTTINGHAM INVESTORS LLC By: SHERBORNE INVESTORS LP, its managing member By: SHERBORNE INVESTORS GP, LLC, its general partner By: /s/ Gerard L. Eastman ----------------------------- Name: Gerard L. Eastman Title: Managing Director EDWARD BRAMSON /s/ Edward Bramson ----------------------------------------- Edward Bramson