Christopher Kiper

Legion Partners Asset Management, LLC charges investors a combination of management fees and performance-based fees, or sometimes performance-based fees alone, as defined in each investor's agreement. Management fees are typically calculated as a percentage of net asset value and billed quarterly in advance. Performance-based fees are charged on realized and/or unrealized net investment profits, structured using either an absolute return model with a return floor or a hurdle-based model that requires investors to receive a return of capital plus a preferred return before performance fees apply.