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  "documentTitle": "Tempus AI, Inc. (TEM)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-05-28 00:00:00",
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  "notes": "The slide uses a 'guilt by association' narrative, connecting the current Tempus Audit Committee members to past governance failures at another company.",
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      "text": "INWK Former Chairman & CEO and Audit Member Are Currently On The Audit Committee",
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      "text": "Eric Belcher is currently the Chairman of the Audit Committee. He is also joined by Peter Barris. Mr. Belcher was previously the CEO and Chairman at InnerWorkings (Nasdaq: INWK) from 2008 – 2019 and announced his attention to transition from the company in Feb 2018. Mr. Barris sat on INWK’s audit committee through 2011. Lo and behold, shortly after Mr. Belcher’s disclosed transition, INWK postponed its Q1 2018 quarterly results and alerted the market that it would restate financial results from 2015 – 2017 and that its financial controls were ineffective from a material weakness.",
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      "text": "PETER J. BARRIS Director. Peter J. Barris has served as a member of our board of directors since September 2017. Mr. Barris has also served on the boards of directors of Berkshire Grey, Inc. since April 2016, Sprout Social, Inc. since February 2011 and Groupon since January 2008...",
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      "text": "Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. On May 7, 2018, the Audit Committee of the Board of Directors of InnerWorkings, Inc. (the “Company”) concluded that the Company will postpone the release of its first quarter 2018 quarterly results and alerted the market that it would restate its financial statements for the years ended December 31, 2017, 2016, and 2015...",
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      "text": "ERIC D. BELCHER Director. Eric D. Belcher has served as a member of our board of directors since January 2019. Mr. Belcher has served as the Chief Executive Officer of Market Track, LLC (d/b/a Numerator), a data and technology company in the market research industry, since June 2019...",
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      "kind": "source-note",
      "text": "Source: INWK 8-K and TEM website",
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      "text": "Tempus's Audit Committee Chairman Is No Stranger To A Financial Restatement",
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