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  "documentTitle": "Legion One Span Presentation May 2021",
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  "presentationDate": "2021-05-01 00:00:00",
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  "notes": "The slide uses a narrative of past events to argue for the necessity of board refreshment.",
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      "text": "A well-functioning self-evaluation process would not require public demands or a ban on insider stock sales to replace an underqualified, long-tenured director such as Ken Hunt",
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      "text": "Following the Q2 2020 earnings call debacle, we had communicated to the Board that Founder Ken Hunt should resign immediately, particularly in light of his stock sale one day prior to OSPN stock crashing 40% after the Company announced an earnings miss and pulled full year guidance. The Company's response, which was delivered through their counsel as they did not appear interested in communicating with us directly, was that they \"cannot force a director to resign\". We then published a letter to the Board dated August 18, 2020, calling for the immediate removal of Mr. Hunt while highlighting his exceptionally poor TSR and operational track record during the course of his 23-year tenure on the Board. Shortly thereafter the Company implemented a 2-year ban on insider stock sales and Mr. Hunt \"retired\". While Mr. Hunt's departure was the beginning of a much-needed Board refreshment process that, in our opinion, requires the replacement of long-tenured unqualified directors (not merely additions), the episode highlighted to us the Board's deep dysfunction.",
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      "text": "Note: A copy of our public letter is available on our website (https://legionpartners.com/articles/) Source: SEC Filings, Legion Partners' Research and correspondence with OSPN's counsel",
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      "text": "Questionable Self-Evaluation Process",
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