{
  "docId": "019dd923-622b-71dc-a6db-bbda13f8f3bc",
  "docSlug": "d91e668c0a36",
  "documentTitle": "Epiq Systems, Inc. (EPIQ)",
  "authorId": "07_Marcato",
  "authorName": "Marcato",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-04-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 12,
  "pageCount": 13,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The slide uses a 'villain' framing technique to characterize the board's governance actions as hostile to shareholder interests.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-bbda13f8f3bc/12",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-bbda13f8f3bc",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-bbda13f8f3bc.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-bbda13f8f3bc#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.8
      },
      "kind": "callout",
      "text": "Shareholders Now Have A Unique Opportunity To Vote For A Highly-Qualified Slate of Alternate Directors And Chart A New Strategic Course For The Company",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e4906574-e86f-41e5-93df-d0062097f769",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Shareholders Now Have A Unique Opportunity To Vote For A Highly-Qualified Slate Of Alternate Directors And Chart A New Strategic Course For The Company",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a617-24163e60a904",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "list",
      "text": "Onerous Requirements for Director Nominations; Refusal to Honor Shareholder Votes; Restrictive Poison Pill; Illegitimate Efforts to Block Villere's Director Nominees",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0c4a7b9-7011-4452-af20-a83f327957fe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Despite legal challenges by Epiq, the Missouri Jackson County Circuit Court has ruled that Villere & Co. can nominate a competing slate of directors for Epiq's upcoming 2016 annual meeting",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a617-29ce90dd4294",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "EPIQ'S BOARD HAS MADE MULTIPLE ATTEMPTS TO DISENFRANCHISE SHAREHOLDERS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "45751fec-b836-44ca-b05e-9cf5cd05b4ea",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "d883ed22-da0e-4e1b-aed8-24bac8080631",
      "evidence": "The slide systematically lists board actions to frame them as illegitimate or harmful to shareholders.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 12,
      "from": 11,
      "beatId": "f213ffde-8317-415f-a7d7-6e5e72bdec11",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The document presents the board's attempts to disenfranchise shareholders and the flawed strategic review process.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 13,
      "from": 4,
      "name": "David Goliath",
      "slug": "16-david-goliath",
      "bestFor": "Startups, disruptive innovation, competitive displacement",
      "matchId": "890f3863-ef9d-48ab-9dd8-2dda87068154",
      "evidence": "The document presents Marcato as a champion of shareholder value, opposing the entrenched board and management.",
      "position": 0,
      "objective": "To present Marcato as a champion of shareholder value, opposing the entrenched board and management",
      "structure": "The Giant's Weakness -> Our Slingshot (Unique Edge) -> The Topple",
      "confidence": 0.7,
      "description": "Frame your initiative as the nimble underdog taking on a slow, bloated incumbent"
    },
    {
      "to": 13,
      "from": 4,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "793e3a75-e49f-4da2-9168-a0fa44d88f77",
      "evidence": "The document presents the cost of inaction and the need for a board change to drive management accountability and maximize shareholder value.",
      "position": 1,
      "objective": "To highlight the cost of inaction and the need for a board change",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}