RICHMOND, Va. - LL Flooring Holdings, Inc. (NYSE: LL), a prominent specialty retailer of hard-surface flooring, is urging shareholders to vote for its three director nominees, citing endorsements from Institutional Shareholder Services (ISS). The company's 2024 Annual Meeting of Stockholders is scheduled for July 10, 2024.
The board nominees, Douglas T. Moore, Ashish Parmar, and Nancy M. Taylor, have been highlighted for their relevant skills and experience, which LL Flooring believes are crucial for the company's current operational environment.
ISS, a leading independent proxy advisor, has recommended that shareholders vote in favor of the majority of these nominees, recognizing the value they contribute.
ISS's support is particularly significant for the chair, Ms. Taylor, affirming her leadership capabilities. The advisory service has remarked on the incumbent nominees' skills and experience as being pertinent to the company's challenges, while suggesting that Thomas Sullivan's history with the company could potentially be counterproductive if he were to join the board.
LL Flooring's board unanimously recommends that shareholders vote for Moore, Parmar, and Taylor using the white proxy card provided and discard any gold proxy card received from Mr. Sullivan. Shareholders who have already voted using a gold proxy card are encouraged to change their vote to the white proxy card.
The company has made it clear that it believes Mr. Sullivan and his nominees would not bring additional value to the board and could potentially displace the talent and skills of the current independent directors.
LL Flooring operates over 435 stores nationwide and offers a variety of hard-surface floors, including waterproof hybrid resilient, vinyl plank, hardwood, laminate, bamboo, porcelain tile, and cork. The company emphasizes its commitment to quality, compliance, community service, and corporate giving.
This campaign for board election support is part of the ongoing strategic initiatives by LL Flooring as it navigates a competitive retail landscape, with the goal of maintaining its position as a leading flooring retailer.
Shareholders are reminded of the importance of their vote and are provided with the necessary information and assistance for voting through the company's proxy solicitor, Saratoga.
This article is based on a press release statement from LL Flooring Holdings, Inc.
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