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  "documentTitle": "Oasis Stratus Presentation March 2021",
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  "presentationDate": "2021-03-01 00:00:00",
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  "pageNumber": 53,
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  "notes": "The slide uses a callout box for the core thesis and a bulleted list to detail the critique of the current board and the proposed solution.",
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      "kind": "callout",
      "text": "To ensure effective strategy execution and accountability, Stratus needs a Board that prioritizes shareholder interests over CEO loyalty.",
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      "text": "Stratus' Legacy Board has overseen years of inaction at Stratus. Under the Legacy Board's watch, Mr. Armstrong failed to meet every single objective of the five-year plan he set out for the company while getting paid $8.7mm and touting Stratus' success.\nStratus needs a board that won't just promise shareholder value but will actually create it and will hold management accountable for doing the same.\nWhile we appreciate Stratus' recent actions to increase Board diversity through the addition of Mr. Rhone and Ms. Henriksen to its board, we view this as nothing more than a defensive tactic to preempt our arguments. Having had personal experience during Ms. Benson's tenure as the only diverse member on Stratus' Board, we expect that if Mr. Rhone's or Ms. Henriksen's views are not in line with Mr. Armstrong's best interests, they will be ignored and suppressed just like Ms. Benson's were.\nTo achieve the true change that Stratus' shareholders deserve, Oasis believes that three new directors (two Class II directors and one director added to the Stratus Board through a director appointment proposal by shareholders) are needed. Our director nominees are independent, qualified, diverse, and have a proven track record of success.",
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      "kind": "title",
      "text": "Oasis' Plan for a Better Stratus – Improve Corporate Governance",
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