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  "docSlug": "9551be67f14d",
  "documentTitle": "Perion Network Ltd. (PERI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-05-23 00:00:00",
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  "notes": "Highlights the shift from a stricter policy to one with discretionary 'impractical' exemptions.",
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      "kind": "paragraph",
      "text": "Spruce Point observes that Perion made its compensation Clawback Policy less restrictive in late December 2019. For example, the language was modified such that only the excess amount of compensation tied to the restatement could be recovered. Furthermore, language was included that essentially gave the Board the ability to completely avoid enforcing the clawback at its own discretion. Two weeks after this change was made, on Jan 14, 2020, Perion announced the acquisition of Content IQ, the first of its three recent acquisitions that it claims have been very successful in growing financial results.",
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      "text": "Source: 6-K, Filed Dec 26, 2019",
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      "kind": "source-note",
      "text": "Source: Executive Comp Policy, Filed March 2018",
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      "text": "Comparison of March 2018 vs Dec 2019 Clawback Policy text",
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      "kind": "title",
      "text": "Clawback In The Event of Financial Misstatement Made More Liberal Ahead of Recent Growth",
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