Ancora Welcomes the Unanimous Support of ISS, Glass Lewis and Egan-Jones
Egan-Jones Cites Abysmal TSR, Poor Oversight and Conflicts of Interest; States It is Time for the Board to Consider Strategic Alternatives to Unlock Shareholder Value
ISS has Previously Stated Change is Warranted on J. Alexander's Board Given the Company's Relative Underperformance and Corporate Governance Shortcomings
Glass Lewis Also Pointed to J. Alexander's Lagging Share Price and Financial Performance as well as Board's Unresponsiveness to Ancora's Proposal
All Three Proxy Advisory Firms Affirm that Shareholders Should Vote Ancora's GOLD Proxy Card to WITHHOLD Votes from Timothy Janszen and Ronald Maggard
Egan-Jones Also Recommends Shareholders Vote Against Amendment to Equity Incentive Plan
PR Newswire
CLEVELAND, June 19, 2019