|Bid||0.75 x 800|
|Ask||0.00 x 1200|
|Day's Range||1.5000 - 1.5200|
|52 Week Range||0.9900 - 3.0600|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 13, 2017 - Apr 17, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.00|
At the Luby’s Annual Meeting of Stockholders held on January 25, 2019, an agent of Bandera Partners submitted a Master Ballot to the Inspector of Elections that contained an inadvertent error that was not discovered by Bandera or its advisors. After the results of the election were certified on January 30, 2019, Bandera Partners became aware of the error that led to its proxies not being voted in favor of five of Luby’s nominees, as intended and planned. Once Bandera became aware of the error, we offered to work with Luby’s after certification to have our proxies voted in favor of those management nominees for whom we always intended to vote.
HOUSTON , Jan. 28, 2019 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its sixteen-week first quarter fiscal 2019, which ended on December 19, ...
Casual dining chain Luby's Inc said on Friday it had defeated a long-term shareholder's bid for four board seats, as investors sided with management and elected all nine of the company's director nominees. The support from investors ended the company's proxy fight with Bandera Partners, a New York-based hedge fund that owns roughly 10 percent of Luby's shares and demanded more accountability and oversight by the board. From the start, it was an uphill battle for Bandera because some 37 percent of the stock is controlled by the Pappas family.
A week ago, Luby’s announced that it would institute changes to its corporate governance and add two new independent directors in 2019. However, Bandera responded with a letter to shareholders calling the changes “too little too late.”
Casual dining chain Luby's Inc. said on Friday that it beat back a long-term shareholder's bid for four board seats when investors sided with management and elected all nine of the company's director nominees. Investors supported all of Luby's directors ending a battle between the company and Bandera Partners, a small New York-based hedge fund that owns roughly 10 percent of Luby's shares and demanded more accountability and oversight by the board.
Luby’s, Inc. (LUB) (“Luby’s” or the “Company”) today announced that based on the preliminary vote count at the Company’s 2019 Annual Meeting of Shareholders reviewed by its proxy solicitor, shareholders have supported the election of all nine of the Company’s director nominees: Gerald W. Bodzy, Judith B. Craven, M.D., Twila Day, Jill Griffin, Frank Markantonis, Joe C. McKinney, Gasper Mir, III, Christopher J. Pappas and Harris J. Pappas.
HOUSTON , Jan. 18, 2019 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) announced today that it will release its first quarter fiscal 2019 financial results on Monday, January 28, 2019 before the market opens. ...
Houston-based restaurant owner Luby’s Inc. (NYSE: LUB) plans to make a series of changes in 2019 regarding its board and corporate governance, according to a Jan. 18 press release. The board changes include replacing two incumbent directors with two new independent directors and selecting a new board chair, per the release. The board currently is searching for the new independent directors.
Bandera Partners LLC, a significant stockholder of Luby’s Inc. (LUB) issued the following response to Luby’s Board of Directors’ new promises to investors. Don’t let them fool you twice with their latest round of promises.
Casual dining chain Luby's Inc will shake up its board, it said on Friday, just one week before shareholders vote on whether to add an investor activist's representatives as directors. The company, which is facing pressure from Bandera Capital, a New York hedge fund that owns nearly 10 percent of its shares, will invite two new independent directors to replace two sitting members and will choose a new chair. "Luby's has recently been engaged in in-depth discussions with many of our shareholders, and based on the feedback we have received, we have chosen to accelerate our plans to transform the Board," board chairman Gasper Mir III, said in a statement.
As part of its commitment to ongoing board refreshment, in 2019 the Company will add two new independent directors to replace two incumbent directors, and the Board will choose a new chair. As I am approaching the Board’s retirement age limit, I have also decided to hand over the chairmanship to another independent director this year.
Luby’s, Inc. (LUB) (“Luby’s” or the “Company”) today announced that proxy voting advisory firm Glass Lewis & Co. LLC (“Glass Lewis”) has recommended Luby’s shareholders reject almost all of Bandera’s nominees and vote AGAINST Bandera nominees Senator Phil Gramm, Stacy Hock and Savneet Singh in connection to the upcoming 2019 Annual Meeting of Shareholders scheduled for January 25, 2019.
Bandera Partners LLC, a significant stockholder of Luby’s Inc. (LUB) announced that proxy advisor Glass Lewis recommends that their clients vote using only the GOLD proxy card at Luby’s 2019 Annual Meeting on January 25th. In a report calling for change to Luby’s Board of Directors, Glass Lewis recommends that its clients vote FOR Bandera nominee Jeff Gramm on the GOLD proxy card, and to not vote the white proxy card.
Luby’s, Inc. (LUB) (“Luby’s” or the “Company”) today commented on a report by proxy voting advisory firm Institutional Shareholder Services (“ISS”) regarding the election of directors to Luby’s Board of Directors at the upcoming 2019 Annual Meeting of Shareholders scheduled for January 25, 2019. “The board indicates that it has implemented a turnaround plan to improve financial results and operating performance.
Bandera Partners announced that influential proxy advisor Institutional Shareholders Services (“ISS”) recommends that their clients vote using only the GOLD proxy card at Luby’s 2019 Annual Meeting on January 25th. 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.
Luby’s, Inc. (LUB) (“Luby’s” or the “Company”) today announced that it has mailed a letter to shareholders in connection with the Company’s upcoming Annual Meeting of Shareholders (“Annual Meeting”) to be held on January 25, 2019. As we approach the Luby’s Annual Meeting of Shareholders on January 25, 2019, you have the opportunity to choose the directors who will chart the path forward for your Company. Luby’s experienced and highly-qualified nominees are aligned with all shareholders and are best-positioned to continue overseeing the Company’s turnaround.
Luby's Inc on Tuesday hit back at criticisms from a long-time investor that wants to shake up the casual dining chain's board by questioning the qualifications of the hedge fund's director nominees. The Texas-based restaurant company, which owns hamburger chain Fuddruckers and has a market capitalization of $39 million, said that Bandera Partners, which is running a proxy contest, has proposed unqualified nominees who have no business being elected to a public company's board. The company plans to file its documents with regulators later on Tuesday after having presented its case to proxy advisory firm Institutional Shareholder Services.
Bandera Partners LLC, a significant shareholder of Luby’s Inc. (LUB), announced that it has issued a public letter to Luby’s stockholders. Bandera Partners owns approximately 9.8% of Luby’s, Inc. (“Luby’s” or the “Company”) Common Stock, making us the largest stockholder other than Christopher and Harris Pappas, who together own 36.8%.
The annual meeting for Luby's shareholders will be held Jan. 25, and the activist investor has nominated four people to the company's board.
Luby’s, Inc. (LUB) (“Luby’s” or the “Company”) today announced that it has mailed a letter to shareholders in connection with the Company’s upcoming Annual Meeting of Shareholders (“Annual Meeting”) to be held on January 25, 2019.
Luby’s, Inc. (LUB) (“Luby’s”) today announced it has entered into a new senior secured credit agreement, effective December 13, 2018, with MSD Partners, L.P (“MSD Partners”). This new agreement is comprised of three elements: a $60.0 million five-year term loan, a $10.0 million delayed draw term loan available for nine months after closing, and a $10.0 million revolving credit facility. The loans are secured by a first lien on company assets.
Luby's and the activist investor describe a different timeline of events leading up to recent push for new directors on the company's board.
HOUSTON, Nov. 30, 2018 /PRNewswire/ -- Luby's, Inc. (LUB) ("Luby's") today confirmed that it has received notice on behalf of Bandera Partners LLC and certain of its affiliates ("Bandera") that it intends to nominate up to six candidates for election to Luby's Board of Directors at the 2019 Annual Meeting of Shareholders. "Luby's Board is in the process of reviewing Bandera's nomination notice consistent with its fiduciary duties.