On January 3, 2019, Luby’s, Inc. announced that it has mailed a letter to shareholders in connection with the Company’s upcoming annual meeting of shareholders to be held on January 25, 2019. Further, the Company stated that the shareholders will be asked to choose between 2 different paths for the Company: (i) elect the nominees put forth by the Company or (ii) put the investment at risk by electing 4 nominees hand-picked by Bandera Partners LLC.