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  "documentTitle": "Axon Enterprise (formerly TASER) (AAXN)",
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  "presentationDate": "2019-06-19 00:00:00",
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  "notes": "The slide uses a guilt-by-association argument linking the Audit Chair's past employment at Arthur Andersen to Axon's aggressive accounting practices.",
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      "text": "The evidence suggests that Axon has aggressively recognized revenues. These aggressive accounting choices were known to be blessed by Arthur Andersen, the now defunct auditor, that famously signed-off on Enron’s financial statements and was charged with obstruction of justice.",
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      "text": "Michael Garnreiter, Chairman\nDirector since 2006\nClass A\nAge: 67\nBoard Committees: Audit Committee (Chairman), Compensation Committee, NCG Committee, Litigation Committee\nOther Public Company Boards: Knight-Swift Transportation Holdings, Amtech Systems",
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      "text": "The evidence suggests that Axon has aggressively recognized revenues. These aggressive accounting choices were known to be blessed by Arthur Andersen, the now defunct auditor, that famously signed-off on Enron’s financial statements and was charged with obstruction of justice. Notably, we see that Axon’s Audit Committee Chairman worked at Arthur Andersen from 1974 – 2002 and was a named partner. In addition, Axon was audited by Arthur Andersen from its earliest years in 1996 through its emergence as a public company.",
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      "text": "Mr. Garnreiter most recently served as Vice President of Finance and Treasurer of Shamrock Foods, a privately-held manufacturer and distributor of foods and food-related products. He retired from this position in December 2015. From January 2010 until August 2012, Mr. Garnreiter was a managing director of Fenix Financial Forensics, a Phoenix-based litigation and financial consulting firm. From April 2002 through June 2006, Mr. Garnreiter was Executive Vice President, Treasurer, and Chief Financial Officer of the Main Street Restaurant Group. Mr. Garnreiter previously served with the international accounting firm, Arthur Andersen, from 1974 through March 2002 with increasing levels of responsibility, culminating as a partner. Mr. Garnreiter holds a B.S. degree in accounting from California State University at Long Beach and is a Certified Public Accountant.",
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      "kind": "source-note",
      "text": "Source: Axon proxy statement\n1. Taser initial registration statement",
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      "text": "Audit Chair Concerns",
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