{ "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": 16, "pageCount": 108, "prevPage": 15, "nextPage": 17, "slideType": "key_messages", "function": "state_demand", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a combination of bullet points and a concluding call-to-action statement to frame the Special Meeting as a governance check.", "elementsJson": [ "headline_text", "paragraph", "bullet_list", "callout_box" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6d9-b7733990b4fe/16", "deckHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe", "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe#slide-16", "components": [ { "bbox": null, "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": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-203e-77ad-a6a5-625074fd9218", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.92, "x": 0.04, "y": 0.23 }, "kind": "list", "text": "If we are successful in calling a Special Meeting, the Board should not proceed with the Red Lobster Separation prior to the Special Meeting.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b0c33256-0c60-4206-8b75-e0af3fe43c98", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.92, "x": 0.04, "y": 0.32 }, "kind": "list", "text": "Further, 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.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b3f5cce3-dcc4-401c-af6e-50b388b31dd7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.92, "x": 0.04, "y": 0.52 }, "kind": "list", "text": "We 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": "b94fec21-fb3f-416b-a1a2-11af24cff459", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.88, "x": 0.08, "y": 0.42 }, "kind": "list", "text": "It 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, if called.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f88d33d7-4286-4e5b-8400-3513427629cd", "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": "56b175dd-ce11-4e9b-928e-7962959adb00", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.92, "x": 0.04, "y": 0.75 }, "kind": "title", "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": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "793dc67a-f73c-4cb5-9710-043f64ed5ffa", "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": "f71453f0-d95d-48ef-a92c-2f8610f944d6", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 25, "from": 7, "beatId": "def716ce-8782-4386-a34a-8053d6ddecbb", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document highlights contradictions 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