{
  "docId": "019dd923-622c-750b-8b98-9d969fe4e5f7",
  "docSlug": "cd566ab57f86",
  "documentTitle": "Aerojet Rocketdyne Holdings, Inc. (AJRD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-04-09 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 13,
  "pageCount": 57,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 3,
  "notes": "Uses visual 'X' marks over headshots to indicate departures.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "screenshot",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-9d969fe4e5f7/13",
  "deckHref": "/decks/019dd923-622c-750b-8b98-9d969fe4e5f7",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-9d969fe4e5f7.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-9d969fe4e5f7#slide-13",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Key executives trumpeted as those capable of “Refining the Path To Success” have quietly resigned.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f3d-76db-b32d-8bb2ba695449",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.92,
        "x": 0.04,
        "y": 0.3
      },
      "kind": "image",
      "text": "Organizational Changes: Refining Path to Success",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6a04a34-a26a-494e-af68-d563cecf7671",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.65,
        "x": 0.22,
        "y": 0.85
      },
      "kind": "list",
      "text": "Departed details for three executives",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2ab2f972-11f9-4fa9-b5a2-cd06fad43b98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.96,
        "x": 0.02,
        "y": 0.17
      },
      "kind": "paragraph",
      "text": "Key executives trumpeted as those capable of “Refining the Path To Success” have quietly resigned. Of the eight executives noted by Aerojet, three have recently departed. In addition, Aerojet’s CIO Mark Angelo and Treasurer Brendon King also recently left in August and September 2018. (1)",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ecce3829-bc83-4337-a3c2-2673b2c79590",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.25,
        "x": 0.02,
        "y": 0.77
      },
      "kind": "source-note",
      "text": "Source: AJRD Investor Meeting, Sept 2017; 1) Per Linkedin",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9d4e3159-3021-41e8-8d1b-14be45bbb5fd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.5,
        "x": 0.32,
        "y": 0.04
      },
      "kind": "title",
      "text": "Management Quietly Departing",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa5fef34-3678-4a47-8482-dce7eb80a4dd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "11a49df9-5f3d-4ab6-8aea-bf3b9f2c4c29",
      "evidence": "Contrasting company claims with actual executive turnover",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 40,
      "from": 13,
      "beatId": "873c53fb-104b-433f-8de2-ed94336be1f4",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The deck details the struggles and challenges faced by AJRD, including management departures, competitive pressures, and financial issues",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}