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  "documentTitle": "Macellum Spartan Nash Presentation May 2022",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "The table uses 'X' icons to denote inadequacy across various professional domains for three board members.",
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      "kind": "annotation",
      "text": "Source: Company SEC Filings; SPTN Proxy Statements, Bloomberg LP, SpartanNash Corporate Governance Webpage.",
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      "text": "THE AVERAGE TENURE OF THE BOARD, INCLUDING PRIOR SERVICE AT NASH FINCH AND SPARTAN STORES PRIOR TO THEIR MERGER, IS AN ASTONISHING 16 YEARS, BEFORE THE BOARD'S RECENT SELF-REFRESH",
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      "text": "We believe a lack of grocery and food distribution sector expertise on the incumbent Board has contributed to poor oversight, persistent underperformance compared to peers and a series of strategic missteps",
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      "text": "Matrix of board members (Hacker, Voss, Atkins) against expertise categories (Grocery, Food Distribution, Supply Chain, Ecommerce, Real Estate, M&A, Capital Markets).",
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      "text": "ISSUE #6: SIGNIFICANT BOARDROOM GAPS",
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