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Legion Partners Asset Management, LLC: Activist Profile

Updated: Jan 17

Founded in 2012, Legion Partners Asset Management is a California-based hedge fund manager owned by Raymond White, Christopher Kiper, and Bradley Vizi. The firm provides investment management and consulting services to institutional clients, including pension funds, high-net-worth individuals, and family foundations. Specializing in activist investing, Legion employs a deep value approach with a long-term ownership horizon and active engagement. Its strategies may include securing board representation, influencing corporate policies, or advocating for strategic initiatives to enhance shareholder value.


Raymond Ted White

Mr. Raymond White is a Co-Founder and Managing Director at Legion Partners. Previously, he served as Managing Director and COO at Knight Vinke Asset Management and as Deputy Director of the Council of Institutional Investors. At CalPERS, he was Director of Corporate Governance, overseeing its $3 billion Governance Program. Earlier roles include Investment Officer at the California State Treasurer's Office. Mr. White has held leadership positions with the International Corporate Governance Network and the Public Company Accounting Oversight Board. He earned an MBA in Finance from California State University, Sacramento, and is a Chartered Financial Analyst.


Christopher Kiper

Mr. Kiper is a Co-Founder, Managing Director, and Chief Investment Officer of Legion Partners Asset Management, LLC, focusing on undervalued U.S. small-cap companies since 2012. Previously, he was Vice President and Portfolio Manager at Shamrock Capital Advisors and founded the Ridgestone Small Cap Value Fund. Earlier, he held roles at Global Crossing Ltd. as Director of Financial Planning and began his career as an Auditor at Ernst & Young. Mr. Kiper holds a B.S.B.A. in Accounting from the University of Nebraska.


Letters & Presentations

PERRY ELLIS INTERNATIONAL, INC 29-Apr-2015 Letter

PERRY ELLIS INTERNATIONAL, INC 8-May-2015 Letter

BED BATH & BEYOND INC 16-Apr-2019 Letter

BED BATH & BEYOND INC 26-Apr-2019 Presentation

BED BATH & BEYOND INC 30-Apr-2019 Presentation

PRIMO WATER CORP 17-Sep-2019 Letter

ONESPAN INC. 18-Aug-2020 Letter

ONESPAN INC. 22-Feb-2021 Letter

ONESPAN INC. 25-Feb-2021 Letter

KOHLS CORP 15-Mar-2021 Letter

KOHLS CORP 29-Mar-2021 Letter

GENESCO INC 12-Apr-2021 Letter

ONESPAN INC. 15-Apr-2021 Letter

ONESPAN INC. 3-May-2021 Letter

ONESPAN INC. 3-May-2021 Letter

ONESPAN INC. 17-May-2021 Presentation

ONESPAN INC. 18-May-2021 Presentation

GENESCO INC 24-May-2021 Letter

ONESPAN INC. 24-May-2021 Presentation

ONESPAN INC. 26-May-2021 Letter

GENESCO INC 7-Jun-2021 Letter

GENESCO INC 8-Jun-2021 Letter

GENESCO INC 14-Jun-2021 Letter

GENESCO INC 22-Jun-2021 Presentation

GENESCO INC 28-Jun-2021 Presentation

GENESCO INC 30-Jun-2021 Letter

GENESCO INC 16-Jul-2021 Letter

GUESS INC 8-Feb-2022 Letter

GUESS INC 31-Mar-2022 Presentation

GUESS INC 11-Apr-2022 Letter

PRIMO WATER CORP /CN/ 6-Mar-2023 Letter

PRIMO WATER CORP /CN/ 3-Apr-2023 Letter

PRIMO WATER CORP /CN/ 3-Apr-2023 Letter

PRIMO WATER CORP /CN/ 5-Apr-2023 Presentation

PRIMO WATER CORP /CN/ 5-Apr-2023 Presentation

PRIMO WATER CORP /CN/ 13-Apr-2023 Presentation

PRIMO WATER CORP /CN/ 13-Apr-2023 Presentation

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 16-May-2023 Letter

ONESPAN INC. 14-Aug-2023 Letter

CHEFS' WAREHOUSE, INC. 8-Feb-2024 Letter

Active 13D Positions

Stock

Company name

Sector

% of Portfolio

Link

CCO

Clear Channel Outdoor Holdings Inc

Communications

14.4%

Link

NNBR

NN Inc

Materials

6.5%

Link

CHEF

Chefs' Warehouse Inc

Consumer Staples

15.3%

Link

LFCR

Lifecore Biomedical Inc

Materials

5.1%

Link

OSPN

Onespan Inc

Information Technology

3.8%

Link


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