{ "docId": "019dd923-622b-71dc-a6d9-b7733990b4fe", "docSlug": "9c639b8b1898", "documentTitle": "Darden Restaurants, Inc. (DRI)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-03-31 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 107, "pageCount": 108, "prevPage": 106, "nextPage": 108, "slideType": "closing_ask", "function": "closing_ask", "density": "dense", "nDataPoints": 0, "notes": "This is a classic activist investor 'call to action' slide, emphasizing shareholder rights and board accountability.", "elementsJson": [ "headline_text", "paragraph", "bullet_list" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6d9-b7733990b4fe/107", "deckHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe", "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe#slide-107", "components": [ { "bbox": { "h": 0.06, "w": 0.92, "x": 0.04, "y": 0.69 }, "kind": "callout", "text": "Given their poor track record, management and the Board should not be trusted to rush this critical decision.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "afefeba7-ca28-4e6d-8f94-da689e14769d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.92, "x": 0.04, "y": 0.59 }, "kind": "callout", "text": "The Special Meeting will provide an alternative forum for shareholders to show the Board that Darden’s shareholders will not stand to be silenced on this critical issue.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f7fea9ca-3845-4fb7-a7b7-1884629cd65f", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "Please Consent to the calling of the Special Meeting on Starboard's White Request Card as soon as possible.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-203e-77ad-a6ae-7e05bb66ee42", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.92, "x": 0.04, "y": 0.23 }, "kind": "list", "text": "If we are successful in calling a Special Meeting, we do not believe that the Board would proceed with the Red Lobster Separation prior to the Special Meeting.\nFurther, if shareholders support our resolution at the Special Meeting, we are hopeful that the Board will not proceed with the Red Lobster Separation prior to the 2014 Annual Meeting without shareholder approval.\nIt is important to understand that Darden’s entire Board is up for election just a few months after the expected date of the Special Meeting.\nWe do not believe that the Board would sanction what we would view as an egregious violation of good corporate governance, like proceeding with the Red Lobster Separation in direct opposition to a clear shareholder directive, especially just months before a potential election contest.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c045adab-2196-4371-b125-5df3e8c82ec2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.92, "x": 0.04, "y": 0.15 }, "kind": "paragraph", "text": "The Special Meeting will be an opportunity to send a loud and clear message to the Board that shareholders deserve a say on this vital decision.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "10c0e507-98b3-49a2-91b6-465a10e51400", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.92, "x": 0.04, "y": 0.79 }, "kind": "title", "text": "Please Consent to the calling of the Special Meeting on Starboard's White Request Card as soon as possible.", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8a920ba8-e39d-4046-a862-11ca9a229883", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.92, "x": 0.04, "y": 0.04 }, "kind": "title", "text": "The Special Meeting is an opportunity to send a loud and clear message to the board", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "72564664-8e0a-4294-be96-ca914b4ca57a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Action Titles", "slug": "action-titles", "agent": "Architect", "layer": "slide", "matchId": "ee10687c-a0f3-4e46-8a4f-37eda5e6fff5", "evidence": "Please Consent to the calling of the Special Meeting on Starboard's White Request Card as soon as possible.", "confidence": 0.8 }, { "name": "Storytelling: the closing ask", "slug": "closing-ask", "agent": "storyteller", "layer": "slide", "matchId": "cd3ca798-153d-4b79-ac22-86271e61f2a0", "evidence": "The Special Meeting will provide an alternative forum for shareholders to show the Board that Darden’s shareholders will not stand to be silenced on this critical issue.", "confidence": 0.9 } ], "frameworks": [ { "name": "call-to-action", "slug": null, "matchId": "6626cb59-2a74-4c57-8445-8fadd946a6da", "evidence": "The slide concludes with a direct instruction to shareholders to sign the White Request Card.", "confidence": 1 } ], "arcBeats": [ { "to": 107, "from": 44, "beatId": "b1a77d71-e262-47a6-b9b8-0075198da524", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Propose Solution", "beatSlug": null, "evidence": "The document proposes alternative solutions, including a comprehensive value creation plan and a detailed turnaround plan for Darden.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }