{
  "docId": "019dd923-622b-71dc-a6d9-aa56741b6a55",
  "docSlug": "fade76df1897",
  "documentTitle": "DSP Group, Inc. (DSPG)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-05-13 00:00:00",
  "orientation": "portrait",
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  "pageNumber": 25,
  "pageCount": 50,
  "prevPage": 24,
  "nextPage": 26,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses a table to visually demonstrate the exclusion of specific directors.",
  "elementsJson": [
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  "metadataConfidence": 1,
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  "slideHref": "/slides/019dd923-622b-71dc-a6d9-aa56741b6a55/25",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55",
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  "components": [
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      "bbox": {
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      "kind": "callout",
      "text": "The Board's actions to freeze-out and isolate the two independent and highly respected industry executives elected last year is highly concerning and demonstrates a Board that is entrenched and not interested in hearing or considering independent viewpoints",
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      "kind": "list",
      "text": "Despite both Mr. Lacey's and Mr. Traub's substantial industry experience... the Board REFUSED to put either Mr. Traub or Mr. Lacey on any Board committees.\nEven worse, DSP REFUSED to allow either Mr. Lacey or Mr. Traub to even sit in on any committee meetings.\nThis unfair, differential treatment... is readily apparent when you consider that Gabi Seligsohn was appointed to the Compensation Committe concurrently with his appointment to the Board.",
      "attrs": null,
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      "kind": "source-note",
      "text": "Source: Company proxy dated April 22, 2013. (1) In DSP's May 6, 2013 amended proxy filing, DSP announced that Gabi Seligsohn would replace Yair Shamir on the Board. DSP also announced that Mr. Seligsohn would replace Mr. Shamir on the compensation committee and Mr. Lacey would replace Mr. Shamir on the audit committee.",
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    {
      "bbox": {
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        "w": 0.76,
        "x": 0.12,
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      },
      "kind": "table",
      "text": "Matrix showing directors and their committee assignments, with Lacey and Traub highlighted as having 'No Committee Representation'",
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      "componentId": "783684bc-e2a8-442f-a87d-673a8c2e423e",
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      "kind": "title",
      "text": "The Board Has Essentially Cast Aside These Highly Qualified Independent Directors",
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      "name": "expose_contradiction",
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      "matchId": "9bc8d029-6119-4f66-b7f0-8e508e308b49",
      "evidence": "Contrasts the board's stated recognition of directors with their actual exclusion from committees.",
      "confidence": 0.9
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  "arcBeats": [
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      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "Slides 6-36 expose contradictions and critique DSP Group's management and board.",
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      "confidence": 0.8,
      "parentBeatName": "Development",
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  "loops": [
    {
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      "from": 6,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "461286b5-1828-4e59-8f68-0c15c27a66ab",
      "evidence": "The deck repeatedly highlights the consequences of not changing the board and management.",
      "position": 0,
      "objective": "The cost of inaction is further underperformance and value destruction.",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
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