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  "documentTitle": "Prestige Consumer Healthcare Inc. (PBH)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-06-30 00:00:00",
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      "kind": "callout",
      "text": "Current lawsuit with XPO Logistics proves the transition was not \"flawless\"",
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      "text": "Performance compensation increased 10% in FY2020 despite organic revenue growth of 1.3%",
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      "text": "Lombardi received bonus compensation above his target level, including an individual performance adjustment of $132k, despite a current lawsuit related to the logistics transition",
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      "text": "Key achievements by our named executive officers considered by the Compensation and Talent Management Committee for 2020 included: (a) financial performance, (b) flawless transition, (c) sales growth, (d) debt refinancing, (e) cash flow, (f) leadership.",
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      "text": "executive compensation: 10%",
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      "text": "We believe management was over compensated due to an over representation of PBH's key achievements. The 2020 Proxy highlights a \"flawless transition to a new more efficient, primary logistics and warehouse provider.\" Our research challenges this statements as PBH is currently in a legal battle with a supplier related to the transition.",
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      "kind": "quote",
      "text": "flawless transition to a new more efficient, primary logistics and warehouse provider with no interruption to the business — Compensation and Talent Management Committee (2020 Proxy Statement)",
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      "text": "Source: Company proxy statements",
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      "text": "Executive compensation table showing Target Bonus, Company Performance Payout, Individual Performance Adjustment, and Total Payout.",
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      "text": "CEO's \"Key Achievements\"",
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