On April 22, 2019, Legion Partners Holdings, LLC, Macellum Advisors GP, LLC, and Ancora Advisors, LLC announced that they have released a statement commenting on Bed Bath & Beyond Inc.’s announcement of certain changes to its Board of Directors. In the statement, Legion Partners expressed its view that the Company’s announcement fails to adequately address responsibility of current Board and management – including CEO Steven Temares – for value destruction. Legion Partners added that the Company continues to offer no real strategic vision for future of the Company. Legion Partners stated that it would move forward with campaign to effect needed change at the Company by electing its director nominees.