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  "documentTitle": "Outerbridge Comtech Presentation November 2021",
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  "presentationDate": "2021-11-01 00:00:00",
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  "notes": "Uses a triangle diagram to illustrate the relationship between the CEO, the COO/CEO-Elect, and the White Hat partner.",
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      "kind": "callout",
      "text": "Blatant Entrenchment",
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      "kind": "diagram",
      "text": "Triangle diagram connecting Fred Kornberg, Mike Porcelain, and Mark R. Quinlan.",
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      "text": "The PIPE transaction represents a capstone to the Board's repeated and blatant efforts to further entrench itself and maintain the status quo at the expense of shareholders. Management gave away shareholder equity in exchange for placing ~13.5% of the vote into friendly hands likely to support Management and the Board at annual meetings. Instead of conducting a formal search for a qualified replacement, Fred Kornberg selected his 20-year partner in shareholder value destruction, Mike Porcelain, to succeed him as CEO and to secure an additional non-independent voice on the Board. All of this was done in an obvious attempt to maintain Board control and resist what we consider to be fundamental to all successful leadership teams: highly qualified and experienced independent directors with relevant expertise in the core business.",
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      "kind": "quote",
      "text": "Magnetar and White Hat fully support Comtech's strategy and the recently announced and well-thought-out leadership transition plan...We applaud the recent actions taken by the Board and management to strengthen corporate governance, increase diversity of views, and enhance shareholder value. — Mark Quinlan",
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      "kind": "title",
      "text": "The Board's Scheme to Maintain the Status Quo at the Expense of Shareholders",
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