{
  "docId": "019dd923-622c-750b-8b99-6d840c1e7ff2",
  "docSlug": "70f833659b03",
  "documentTitle": "Samsara Inc. (IOT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-09-21 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 74,
  "pageCount": 88,
  "prevPage": 73,
  "nextPage": 75,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": "The slide uses a table to list board memberships and quotes from the company's governance guidelines to expose a contradiction.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "callout_box",
    "data_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-6d840c1e7ff2/74",
  "deckHref": "/decks/019dd923-622c-750b-8b99-6d840c1e7ff2",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-6d840c1e7ff2.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-6d840c1e7ff2#slide-74",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Through the May 2023 filing of Samsara’s audit committee report, its Audit Chairman and “Independent Director” Jonathan Chadwick served on a mind-blowing ten (10) boards!",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0f1b-7682-8497-5a6b2c89a9a4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.43,
        "x": 0.02,
        "y": 0.468
      },
      "kind": "paragraph",
      "text": "\"Our corporate governance guidelines contain a description of our overboarding policy, which is designed to help ensure that our directors can perform their duties and responsibilities as a director by limiting the number of additional public company boards on which they may serve. Our directors are not permitted to serve on more than four additional public company boards without the approval of the Board of Directors.\"",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3fdd9c5b-8ac1-4a4b-9e30-0ee81b187e4b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.175,
        "w": 0.96,
        "x": 0.02,
        "y": 0.163
      },
      "kind": "paragraph",
      "text": "Through the May 2023 filing of Samsara's audit committee report, its Audit Chairman and \"Independent Director\" Jonathan Chadwick served on a mind-blowing ten (10) boards! Samsara claims to have on \"overboarding policy\" that prohibits service on more than five public boards. But, what about private company boards, especially private companies that are preparing to come public? We believe that preparing a private company to come public can be even more work than serving on already existing public company board. It has been rumored that many of Mr. Chadwick's companies - Stripe, Tanium and Databricks - have been looking to go public.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f04fbe1-507f-497c-80b6-5b9b55f8e7cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.43,
        "x": 0.02,
        "y": 0.73
      },
      "kind": "paragraph",
      "text": "\"Our Board of Directors has considered Mr. Chadwick's simultaneous service on the audit committees of Samsara and four other public companies and has determined that such simultaneous service does not impair his ability to effectively serve as a member and chairperson of our audit committee.\"",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8daf60bd-1c2e-463d-a50c-2b3a73f5abec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Our directors are not permitted to serve on more than four additional public company boards without the approval of the Board of Directors. — Samsara Proxy Statement",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0f1b-7682-8497-5fb30b8cb85f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.65,
        "x": 0.02,
        "y": 0.965
      },
      "kind": "source-note",
      "text": "Source: Samsara Proxy Statement, Bloomberg, Tanium Rumor, Stripe Rumor, Databricks Rumor, Cohesity Rumor",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "abef2b46-fdf0-4f34-b67d-c2fd84834ce2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.355,
        "w": 0.526,
        "x": 0.454,
        "y": 0.438
      },
      "kind": "table",
      "text": "Board membership list showing 10 organizations, positions, and dates.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa349fa6-0e0d-483a-bf0a-70b24a4523d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.045,
        "w": 0.488,
        "x": 0.306,
        "y": 0.045
      },
      "kind": "title",
      "text": "Audit Committee Chairman Stretched Thin?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a1bc970-e1b3-4c81-9a66-d31fa96f74b7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "45fc7613-c071-42b2-8d00-6841bb354200",
      "evidence": "Contrasts company policy text with actual board count data.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}