First Slide in Studio Theme Doesn't Appear

The first slide in the featured slider for the Studio Theme (love it by the way!) does not appear when someone first enters the site. It also seems to happen on the demo for the Studio Theme on this site. When a new visitor (clear your cookies and cache, etc.) visits the site, the first slide either doesn't appear or is clipped. I've tried changing the slide height in the settings and it still doesn't make it show up. Any ideas? I'm attaching a screenshot of what I get on your demo but it also happens on my site as well. Thanks!