Shareholders elected F9 Investments' nominees to the board of LL Flooring (LL)

Key Summary: F9 Investments proposed merging with LL Flooring, revoked offers due to financial decline, and nominated Thomas D. Sullivan, John Jason Delves, and Jill Witter for LL's board on November 14, 2023. Their nominees now urge a prompt annual meeting date. On April 24, 2024, LL announced an AGM on July 10, 2024, prompting revised submission deadlines. Sullivan submitted a second letter on May 2, 2024, nominating the Nominees for the Board election. On June 28, 2024, the company filed a Form 8-K revealing liquidity concerns and plans to sell its Sandston, Virginia distribution center. Despite F9's criticism over potential lease expenses, the company is negotiating with bidders, and F9 Investments expressed interest in the property. On July 1, 2024, F9 Investments stated that Glass Lewis has recommended that shareholders vote on F9’s GOLD proxy card “FOR” the election of F9’s three director nominees. At the AGM held on July 10, 2024, shareholders elected F9 Investments' nominees to the board.