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  "documentTitle": "Mitek Systems, Inc. (MITK)",
  "authorId": "02_Elliott_Management",
  "authorName": "Jesse Cohn",
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  "presentationDate": "2018-11-20 00:00:00",
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      "text": "The fact that the Board is averting its eyes from these risks raises questions about whether the Board’s priorities are aligned with those of shareholders – questions that take on greater urgency upon further examination of the Board.",
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      "text": "This pattern raises obvious questions: If Mr. Hansen was a seller of his own Mitek shares at $8.66 just last May, prior to the departures of the Company's top two executives, then how can he be so dismissive of a $10 per share bid?",
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      "text": "Other issues include the fact that three of the Company's six independent directors serve on four or more corporate boards, making them over-boarded.",
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      "text": "Instead of change, however, the Board has pursued a path of entrenchment, most notably through the recent adoption of a \"poison pill,\" which prompted an 8% decline in Mitek's stock price.",
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      "text": "The fact that the Board is averting its eyes from these risks raises questions about whether the Board's priorities are aligned with those of shareholders.",
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      "text": "In contrast to this risky and questionable standalone path, we believe engagement with ASG offers a path to certain, premium value for shareholders today.",
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