Slide 1: The Case for Boardroom Change at LifeVantage
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Slide 2: Legal Disclaimer
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Slide 3: Table of Contents
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Slide 4: Executive Summary
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Slide 5: Why We're Asking Stockholders to Support Our Three Independent Director Candidates
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Slide 6: About Our Group
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Slide 7: About LifeVantage
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Slide 8: Timeline of Our Efforts to Engage with LifeVantage
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Slide 9: Significant Value Destruction Over the Last Decade Under Mr. Mauro's Leadership
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Slide 10: Recent and Long-Term Performance Trends Are Alarming
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Slide 11: Anti-Stockholder Actions Perpetuated by an Entrenched, Over-Tenured Board
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Slide 12: The Board's Attempts to Mislead Stockholders Ring Hollow
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Slide 13: The Path Forward: Electing Experienced Stockholder Representatives to the LifeVantage Board
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Slide 14: Our Vision to Improve LifeVantage
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Slide 15: Why We're Here: The Case for Boardroom Change
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Slide 16: LifeVantage Stockholders Have Suffered Significant Financial Losses
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Slide 17: Mr. Mauro's Decade-Long Value-Destructive Tenure as Chair
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Slide 18: The Board and its "Transformation Plan" Do Not Deserve Credit for Short Term Performance
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Slide 19: LifeVantage's Sales Force Has Been in Perpetual Decline
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Slide 20: LifeVantage's Declining Sales Force Threatens Stockholder Value
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Slide 21: Questionable Capital Allocation Decisions: A 3-Year, $ Million Deal with Real Salt Lake
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Slide 22: Questionable Capital Allocation Decisions: A 15-Year Office Lease Near Salt Lake
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Slide 23: The LifeVantage Board Lacks Alignment with Stockholders
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Slide 24: The LifeVantage Board Has a Track Record of Excessive Stock Awards
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Slide 25: The LifeVantage Board Has Excessive Director Tenure
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Slide 26: Recent Board "Refreshes" Protect the Longest Tenured Directors
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Slide 27: Mr. Beindorff Was Previously the CEO of a Vitamin Company That Was Forced to Declare Bankruptcy
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Slide 28: Mr. Mauro Features Inaccurate Information in His Proxy Bio Filed with the SEC
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Slide 29: The Board's Audit Committee Lacks Apparent Audit Experience
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Slide 30: Questionable Related Party Transactions: Contract with Gig Economy Group
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Slide 31: Related Party Transactions Raise More Questions Than Answers
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Slide 32: Worst-In-Class Governance: Entrenchment Tactics and Anti-Stockholder Actions
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Slide 33: Worst-In-Class Governance: Repeated Violations of SEC Rules
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Slide 34: The Path Forward: Independent Directors With Track Records of Value Creation
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Slide 35: Meet the Radoff Sudbury Group Nominees
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Slide 36: Our Nominees vs. Targeted Directors
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Slide 37: Dayton Judd
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Slide 38: Michael Lohner
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Slide 39: Bradley L. Radoff
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Slide 40: Our Vision to Improve LifeVantage
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Slide 41: BLUE Proxy Card: Vote the BLUE Proxy Card
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Slide 42: Appendix: Director Candidate Bios
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Slide 43: Dayton Judd
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Slide 44: Michael Lohner
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Slide 45: Bradley L. Radoff
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