F9 Investments Believes LL Flooring's Board Seeks To Entrench Itself Rather Than Meaningfully Address Company's Precarious Position; Under The Current Board, Stock Price Has Plummeted More Than 93% In 3-Years; Nominates Tom Sullivan, Jason Delves, and Jill Witter To Restore Value To LL Flooring
Portfolio Pulse from Benzinga Newsdesk
F9 Investments criticizes LL Flooring's board for poor performance, noting a 93% stock price drop over three years. F9 nominates Tom Sullivan, Jason Delves, and Jill Witter to restore value and urges shareholders to vote for these nominees.
June 07, 2024 | 3:43 pm
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F9 Investments criticizes LL Flooring's board for a 93% stock price drop over three years and nominates new directors to restore value. F9 urges shareholders to vote for their nominees.
F9 Investments, the largest shareholder of LL Flooring, is pushing for a change in the board due to poor stock performance. This could lead to positive changes and potentially increase the stock price if the new nominees are elected.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100