On January 16, 2019, Bandera Partners LLC announced that proxy advisor Glass Lewis recommends that their clients vote using only the Bandera Partners’ proxy card at Luby’s Inc.’s 2019 annual meeting of shareholders scheduled to be held on January 25, 2019. Bandera Partners stated that in a report calling for change to the Company’s Board of Directors, Glass Lewis recommends that its clients vote for Bandera Partners nominee Jeff Gramm on the Bandera Partners’ proxy card, and to not vote the Company’s proxy card. Bandera Partners expressed its view that stockholders seeking change at the Company should vote for all 4 of its nominees on the Bandera Partners’ proxy card.