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  "documentTitle": "Boot Barn Holdings, Inc. (BOOT)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-05-08 00:00:00",
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      "kind": "callout",
      "text": "Same period at Claire's as CEO Conroy when the SEC comment letters occurred.",
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      "text": "Michael A. Love",
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      "text": "Mr. Love has been with Boot Barn since May 2014. He has served as our Chief Retail Officer since May 2022. He previously served as Senior Vice President of Stores from June 2018 through April 2022, after previously serving as Senior Vice President of Merchandise and Merchandise Planning from April 2017 to June 2018 and Vice President of Merchandise Planning from May 2014 to April 2017. Prior to joining Boot Barn, Mr. Love was with Claire's Stores, Inc. from 2010 to 2014, where Mr. Love served as Vice President of Merchandise Planning and Allocation. Before joining Claire's Stores, Inc., Mr. Love served as Vice President Divisional Planning Manager for Kohl's Corporation from 2008 to 2010. Mr. Love served in a variety of merchandising and planning roles first at Federated Department Stores, then at May Department Stores Company, and Macy's Inc",
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      "text": "On August 4, 2011, Kohl's reported that it had identified certain errors related to its accounting for leases. On August 9, 2011, the audit committee of Kohl's board of directors, in consultation with management, concluded that because of these errors, investors should no longer rely upon the financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended January 29, 2011 or its Quarterly Report on Form 10-Q for the period ended April 30, 2011. In addition, any related reports of the Company's independent registered public accounting firm (Ernst & Young LLP) should not be relied upon.",
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      "kind": "paragraph",
      "text": "Spruce Point has concerns with BOOT's Chief Retail Officer Michael Love. Before assuming the position, Mr. Love was SVP of Stores (2018-22), SVP of Marketing and Merchandise Planning (2017-18), and VP of Merchandise Planning (2014-17). According to his biography, Mr. Love was VP Divisional Planning Manager at Kohl's Corp. from 2008–2010. Notably, in 2011 Kohl's audit committee concluded there were errors in lease accounting and that the financial statements could no longer be relied upon. Kohl's financial statements were restated back to 2008 which is coincidentally when Mr. Love joined Kohl's. Mr. Love also worked with CEO Conroy at Claire's Stores in the period it received SEC comment letters.",
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      "kind": "source-note",
      "text": "Source: BOOT website, Kohl's warning, Spruce Point red emphasis.",
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      "kind": "title",
      "text": "BOOT's Chief Retail Officer Worked At Kohl's During A Period Its Financials Were Restated",
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