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  "documentTitle": "Macellum Kohls Presentation April 2022",
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  "notes": "The slide establishes the activist's credibility by highlighting past successful campaigns at Big Lots, Bed Bath & Beyond, and Citi Trends.",
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      "text": "Macellum is a long-term holder, with ownership of nearly 5% of Kohl's",
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      "text": "Founded in 2009 by Jonathan Duskin, Macellum Capital Management is an investment firm with deep expertise in the retail and consumer sectors. Macellum invests in undervalued companies we believe can appreciate significantly as a result of a change in strategy or improvements in operations, capital allocation or corporate governance. Macellum's campaign at Kohl's in 2021 saw two Macellum nominees appointed to the Board; however, we believe the Company's continued underperformance signals that more meaningful change and shareholder representation is needed in the boardroom",
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