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  "documentTitle": "iRhythm Technologies, Inc. (IRTC)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-08-18 00:00:00",
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      "text": "Seemingly unlike iRhythm's Board, we do not believe the same management team that resided over a systemically flawed quality and compliance system should receive extra incentive compensation just to remediate their shortcomings, obey basic medical device laws, and cease endangering patients. We are also surprised the Board oversaw the softening of the Code of Conduct.",
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      "text": "Seemingly unlike iRhythm’s Board, we do not believe the same management team that resided over a systematically flawed quality and compliance system should receive extra incentive compensation just to remediate their shortcomings, obey basic medical device laws, and cease endangering patients.",
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      "text": "Updated 2025 executive compensation annual goals to include achievement of remediation activities tied to ongoing regulatory challenges",
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      "text": "Red underline for Spruce Point emphasis. Source: iRhythm 2025 proxy, iRhythm 2022 Code of Conduct, iRhythm 2024 Code of Conduct",
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      "text": "The Board's Actions Have Not Reflected Well",
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      "text": "Comparison of the iRhythm 2022 vs 2024 Codes of Conduct",
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      "text": "Excerpt From iRhythm 2025 Proxy Statement",
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