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  "docSlug": "b22ed52c7fa2",
  "documentTitle": "National Health Investors, Inc. (NHI)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Jonathan Litt",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-04-18 00:00:00",
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  "notes": "This is a classic activist investor 'vote no' campaign slide.",
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      "kind": "callout",
      "text": "As a result, we urge shareholders to follow our lead by voting “AGAINST” incumbent directors Robert Webb and Charlotte Swafford at the upcoming Annual Meeting.",
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      "kind": "list",
      "text": "The NHC lease, which expires in 2026, should be put out to bid with third-party operators. The Board should take all necessary actions to declassify. The Company should permanently opt out of MUTA. The Board should be refreshed.",
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      "text": "Unfortunately, the Board has neither responded to our engagement nor demonstrated a willingness to seriously engage. As a result, we urge shareholders to follow our lead by voting “AGAINST” incumbent directors Robert Webb and Charlotte Swafford.",
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      "kind": "paragraph",
      "text": "We initially engaged with NHI management last fall and recently sought to engage with the Board privately, and recommended the following actions:",
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      "text": "The Board refuses to listen – but shareholders can make their voices heard",
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