Bandera Partners says ISS reccomends its nominees for Luby's board
Bandera Partners announced that proxy advisor Institutional Shareholders Services recommends that their clients vote using only the GOLD proxy card at Luby's 2019 Annual Meeting on January 25th. Bandera said, "In a scathing report calling for change to Luby's Board of Directors, ISS recommends that its clients vote FOR Bandera nominees Jeff Gramm and former Senator Phil Gramm on the GOLD proxy card, and to not vote the white proxy card. Bandera believes that stockholders seeking change at Luby's should vote for all four of its nominees on the GOLD proxy card." Bandera Partners' Jeff Gramm stated, "I want to thank ISS for taking the time to carefully examine our engagement with Luby's and our compelling case for change. Their recommendation for an overdue board change, as well as their concern about the Luby's Board's deceptive campaign, is echoed by many stockholders I have spoken to recently. For us to be able to deliver on our promise to bring change to Luby's, we are asking stockholders to vote for all four of our nominees on the GOLD proxy card."