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  "documentTitle": "Macellum Spartan Nash Presentation May 2022",
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      "kind": "callout",
      "text": "STOCK PRICE VIRTUALLY UNCHANGED SINCE THE MERGER",
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      "text": "SpartanNash Stock Price Since 2014",
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      "text": "Source: Company SEC Filings, Bloomberg LP, Data as of 03/17/2022. Macellum Advisors GP, LLC",
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      "text": "MACELLUM BELIEVES THE BOARD’S FAILURE TO DEVELOP EFFECTIVE SUCCESSION PLANS HAS RESULTED IN CONSTANT CHAOS IN THE C-SUITE, WITH FOUR CHANGES TO THE COMPANY’S CHIEF EXECUTIVE OFFICER ROLE IN FIVE YEARS AND NO CLEAR STRATEGY FOR VALUE CREATION",
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      "text": "ISSUE #5: THE BOARD HAS FAILED TO OVERSEE EFFECTIVE SUCCESSION PLANNING",
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