{
  "docId": "019f6b8f-2c96-7579-a769-2e509f3e13c4",
  "docSlug": "jarvis-legion-one-span-presentation-may-2021",
  "documentTitle": "Legion One Span Presentation May 2021",
  "authorId": "legion-one-span-presentation-may-2021",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 130,
  "pageCount": 154,
  "prevPage": 129,
  "nextPage": 131,
  "slideType": "nominee_bio",
  "function": "introduce_nominees",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a 'villain' framing to justify replacing a board member.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-2c96-7579-a769-2e509f3e13c4/130",
  "deckHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4",
  "deckJsonHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4.json",
  "deckAnchorHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4#slide-130",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.82,
        "x": 0.09,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Our nominees possess significant governance and investment experience at modern software public companies – if elected, they would seek to better align OSPN’s compensation programs with long-term value creation",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2615a121-733e-48e5-9a55-192dde17ad6c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.185,
        "w": 0.155,
        "x": 0.658,
        "y": 0.297
      },
      "kind": "image",
      "text": "Photo of John Fox",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d69b3d73-8433-45e0-9dfb-63291e3f38e3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.45,
        "x": 0.09,
        "y": 0.56
      },
      "kind": "list",
      "text": "The Board’s recent attempt to apparently “lock in” another say-on-pay frequency approval (for every 3 years) does not suggest a strong commitment to holding management accountable annually",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b298734-09a9-49d0-a858-6919b3fdbf3d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.45,
        "x": 0.09,
        "y": 0.26
      },
      "kind": "list",
      "text": "We believe an effective and appropriate executive compensation program requires independent oversight and extensive governance, investment and capital markets experience in the modern software sector – skills we believe John Fox is lacking",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "19c89339-2a6a-413c-a18b-24472915ed0c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.45,
        "x": 0.09,
        "y": 0.41
      },
      "kind": "list",
      "text": "Reliance on third-party independent compensation consultants are costly and too often we have found that they typically do not possess the in-depth expertise needed to accurately devise a program for a modern software public company",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b58081e5-bc9d-4fcb-922c-2e1d1be1ec42",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.09,
        "y": 0.92
      },
      "kind": "other",
      "text": "Source: SEC Filings, Legion Partners’ Estimates",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7187b656-7c4e-4454-8492-0ae9ef509d18",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.82,
        "x": 0.09,
        "y": 0.18
      },
      "kind": "title",
      "text": "We believe Mr. Fox should be held principally responsible for overseeing an executive compensation program that is not properly aligned with value creation",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ce2780b0-6596-4f78-9aa4-27b8107d4c2e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.82,
        "x": 0.09,
        "y": 0.12
      },
      "kind": "title",
      "text": "John Fox: Chair of Compensation Committee for 15 Years",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "52656fe5-dede-4b82-af2a-00f255f166d0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "cf8a1aec-21e4-470b-b65f-bac20b2d8c2c",
      "evidence": "The slide frames John Fox as the primary antagonist responsible for poor compensation outcomes.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}