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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Our criticism of FND's deficient disclosures extend to its Board relationships and related party dealings. For example, despite Peter Starrett serving on both the Boards of Floor & Decor and Boot Barn, FND fails to disclose that it sells to BOOT.",
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      "text": "\"The Company had capital expenditures with Floor & Decor Holdings, Inc., a specialty retail vendor in the flooring market. These capital expenditures amounted to $0.1 million, $0.6 million, and $0.4 million in fiscal 2023, fiscal 2022, and fiscal 2021, respectively, and were recorded as property and equipment, net on the consolidated balance sheets. During these fiscal years, certain members of the Company's board of directors either served on the board of directors or as an executive officer at Floor & Decor Holdings, Inc.\" — Boot Barn Proxy Statement",
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      "text": "Source: Boot Barn Proxy Statement and website, FND website, red emphasis Spruce Point",
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      "text": "Floor & Decor Disclosure: No Disclosure. Boot Barn Disclosure: The Company had capital expenditures with Floor & Decor Holdings, Inc... $0.1 million, $0.6 million, and $0.4 million in fiscal 2023, fiscal 2022, and fiscal 2021.",
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      "text": "Peter Starrett Biographies",
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