8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): October 3, 2005

                           DECKERS OUTDOOR CORPORATION
             (Exact name of registrant as specified in its charter)

           Delaware                       0-22446                95-3015862
  (State or other jurisdiction          (Commission           (I.R.S. Employer
of incorporation or organization)       File Number)         Identification No.)

         495A South Fairview Avenue,
             Goleta, California                             93117
   (Address of principal executive offices)               (Zip Code)

       (805) 967-7611 (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities
    Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
    Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))


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Item 3.01.   Notice of Delisting or Failure to Satisfy a Continued Listing
             Rule or Standard; Transfer of Listing.

             As previously announced on a Form 8-K filed with the Securities and
Exchange Commission on September 22, 2005, Angel Martinez, the President and
Chief Executive Officer of Deckers Outdoor Corporation (the "Company") was
appointed to the Board of Directors of the Company (the "Board"), effective
September 16, 2005.

             On October 3, 2005, the Company received written notice from the
Nasdaq Stock Market ("Nasdaq") that due to the appointment of Mr. Martinez, the
Company no longer complies with Nasdaq Marketplace Rule 4350(c)(1) (the "Rule"),
which requires a listed company to have a majority of independent directors
serving on its board. As a result of Mr. Martinez's appointment, the Company's
Board presently has six members, composed of three independent directors. Nasdaq
has requested the Company to provide Nasdaq, on or before October 18, 2005, with
a specific plan and timetable to achieve compliance with the Rule.

             The Board will be submitting such plan and timetable to Nasdaq on
or before the date stated above. The Board has initiated a search for a new
independent director and intends to appoint an additional independent director
as soon as possible.

Item 7.01.   Regulation FD Disclosure.

             On October 6, 2005, the Company issued a press release stating that
the Company had received written notice from Nasdaq that due to the appointment
of Mr. Martinez, the Company no longer complies with the Rule. A copy of the
press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

             The information in this Item 7.01 of this Current Report on Form
8-K, including Exhibit 99.1, is being furnished and will not be treated as
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that section.
This information will not be deemed incorporated by reference into a filing
under the Securities Act of 1933, or into another filing under the Exchange Act,
unless that filing expressly refers to specific information in this Item 7.01 or
to Exhibit 99.1. The furnishing of the information in this Item 7.01 is not
intended to, and does not, constitute a representation that such furnishing is
required by Regulation FD or that the information this Report contains is
material investor information that is not otherwise publicly available.

Item 9.01.   Financial Statements and Exhibits.

       (c)   Exhibits.

             Exhibit No.              Description
             -----------              -----------

                99.1                  Press release, dated October 6, 2005


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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                  DECKERS OUTDOOR CORPORATION

Date:    October 6, 2005                          By /s/ M. Scott Ash
                                                     ---------------------------
                                                     M. Scott Ash,
                                                     Chief Financial Officer




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EX-99.1

                                                                    Exhibit 99.1

                 Deckers Outdoor Corporation Receives
                    Deficiency Letter from NASDAQ

    GOLETA, Calif.--(BUSINESS WIRE)--Oct. 6, 2005--Deckers Outdoor
Corporation (NASDAQ: DECK) today announced that the Company received a
NASDAQ Staff deficiency letter on October 3, 2005 indicating that the
Company fails to comply with the independent director requirement for
continued listing set forth in Marketplace Rule 4350(c)(1), which
requires a listed company to have a majority of independent directors
serving on its board.
    As a result of President and Chief Executive Officer Angel
Martinez's appointment to the Board of Directors on September 16,
2005, the Company's Board presently has six members, composed of three
independent directors. NASDAQ has requested the Company to provide, on
or before October 18, 2005, a specific plan and timetable to achieve
compliance with Marketplace Rule 4350(c)(1).
    Doug Otto, Chairman of the Board, stated "We have initiated a
search for a new independent director and we intend to be fully
compliant as soon as possible."
    Deckers Outdoor Corporation builds niche products into global
lifestyle brands by designing and marketing innovative, functional and
fashion-oriented footwear, developed for both high performance outdoor
activities and everyday casual lifestyle use. The Company's products
are offered under the Teva, Simple and UGG brand names.
    All statements in this press release that are not historical facts
are forward-looking statements, including the Company's intention to
become fully compliant with NASDAQ's independent director
requirements, among others. These forward-looking statements are
inherently uncertain and are based on the Company's expectations as of
today, October 6, 2005. In addition, such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to differ materially from those expressed
or implied by such forward-looking statements. Among the risks and
uncertainties is the risk that the Company is unable to identify or
attract a suitable candidate who will be deemed independent under the
NASDAQ Marketplace Rules for its Board of Directors. Other risks,
uncertainties and other factors are discussed in detail in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2004. The Company disclaims any obligation to update or
revise any of the forward-looking statements in this news release.


    CONTACT: Company Contact:
             Deckers Outdoor Corporation
             Scott Ash, Chief Financial Officer, 805/967-7611
             or
             Investor Relations:
             Integrated Corporate Relations, Inc.
             Chad A. Jacobs/Brendon E. Frey, 203/682-8200