Bandera Partners Issues Public Letter to Board of Luby’s
Luby's, Inc. (LUB)
US:NYSE Investor Relations:
lubysinc.com/investors
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Bandera Partners LLC, a significant shareholder of Luby’s Inc. (NYSE: LUB), announced that it has issued a public letter to the company’s Board of Directors. The full text of the letter follows. November 27, 2018 Board of Directors Luby’s, Inc.13111 Northwest FreewaySuite 600Houston, TX 77040 Dear Board of Directors, Bandera Partners (“Bandera”) owns 2,619,721 shares of Luby’s, Inc. (“Luby’s” or the “Company”) common stock (“Common Stock”) or approximately 8.9% of the Company’s outstanding shares. We have owned Common Stock continuously for more than a decade, and we have supported management and the Board of Directors for that entire time. Bandera is precisely the type of long-term shareholder that a well-managed company should want to have. I also have personal and business relationships with members of the Pappas family that run dee
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