{
  "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": 34,
  "pageCount": 50,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 18,
  "notes": "The slide uses a table to contrast long board tenure with zero or negligible stock ownership to argue against board alignment with shareholders.",
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  "slideHref": "/slides/019dd923-622b-71dc-a6d9-aa56741b6a55/34",
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  "components": [
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      "kind": "callout",
      "text": "Despite this length of time, these Board members only own 26,073 shares outright, or 0.12% of the outstanding, and four of the board members own 0 shares outright, despite their long tenure on the Board.",
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      "kind": "list",
      "text": "Other than the two independent directors that were added to the Board following last year's settlement agreement, and Yair Shamir's replacement, the current Board of DSP has an average tenure of 10 years. Despite this length of time, these Board members only own 26,073 shares outright, or 0.12% of the outstanding, and four of the board members own 0 shares outright, despite their long tenure on the Board. Over the last five years, those four Board members have purchased 0 shares of DSP stock. Further, Yair Shamir, who just left the Board last week after taking a job in politics, had a Board tenure of 17 years and also owned 0 shares outright.",
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      "kind": "metric",
      "text": "outright ownership: 0.12%",
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      "kind": "source-note",
      "text": "Source: DSP's definitive proxy statements from 2007 to 2013, as well as Section 16 filings made by each individual with the SEC. Ownership, or outright ownership, includes direct ownership of common stock only and excludes options and stock appreciation rights exercisable within 60 days and thereby beneficially owned.",
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      "kind": "table",
      "text": "Table showing Name, Years on Board, Outright Ownership, % Total, and Experience for 6 board members.",
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      "kind": "title",
      "text": "We Have Serious Questions About the True Independence, Lack of Ownership And Lack of Experience of the DSP Board",
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      "evidence": "Exposing lack of alignment between board and shareholders via ownership data.",
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      "evidence": "Slides 6-36 expose contradictions and critique DSP Group's management and board.",
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      "name": "Cost Of Inaction",
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