On November 30, 2018, Luby's, Inc. announced and confirmed that it has received notice on behalf of Bandera Partners LLC and certain of its affiliates that it intends to nominate up to 6 candidates for election to the Company's Board of Directors at the 2019 annual meeting of shareholders. Further, the Company added that it informed Bandera Partners that 48 hours was an insufficient time for a public company board to commit to appointing 3 candidates whom the Board had not met and whose biographies they had not had an opportunity to carefully review and discuss.