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  "documentTitle": "Kornit Digital Ltd. (KRNT)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2019-05-07 00:00:00",
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  "notes": "Uses a side-by-side comparison to highlight the contradiction between the 'special bonus' justification and the subsequent resignation.",
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      "text": "Announcement surprised us, but commitment to smooth transition is apparent",
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      "text": "Investors should be concerned by the unexpected and abrupt resignation of CEO Gabi Seligsohn in June 2018.",
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      "text": "In January 2017, our Company consummated a public offering... The CEO Bonus is a one-time special bonus separate from the potential bonus under the Amendment...",
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      "text": "Investors should be concerned by the unexpected and abrupt resignation of CEO Gabi Seligsohn in June 2018. In our opinion, the timing of his departures is suspicious when viewed in context of the anomalous Amazon deliveries in early/mid 2018, and the subsequent admission by Cimpress NV, Kornit's second largest customer, that its Vistaprint business is facing greater challenges. We also take issue with Kornit granting the CEO a “special bonus” for doing his job of raising capital and interfacing with investors. With hindsight, it does not appear he shared Kornit's long-term vision.",
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      "text": "Gabi Seligsohn to resign as CEO effective Aug 1, 2018... Designated CEO Ronen Samuels... No financial updates were provided...",
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      "text": "Announcement surprised us, but commitment to smooth transition is apparent — Barclays Research",
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      "text": "Source: Notice To Annual Meeting – July 2017",
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