Articles from F9 Investments, LLC

F9 Investments, LLC (“F9”) today announced that, based on a preliminary tabulation of voting results, LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) shareholders have elected all three F9 nominees—Tom Sullivan, Jason Delves, and Jill Witter—to serve as directors on LL Flooring’s Board of Directors at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today sent an open letter to LL Flooring’s shareholders urging them to cast their votes today “FOR” F9’s three highly qualified director nominees – Tom Sullivan, Jason Delves, and Jill Witter – to join LL Flooring’s Board of Directors (the “Board”) at the Company’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”) on July 10, 2024.

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today announced that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that LL Flooring shareholders vote on F9’s GOLD proxy card “FOR” the election of F9’s three highly qualified director nominees – Thomas D. Sullivan, Jason Delves, and Jill Witter – and “WITHHOLD” from LL Flooring’s nominees Douglas T. Moore, Ashish Parmar, and Nancy M. Taylor in connection with the Company’s 2024 Annual Meeting of Shareholders to be held on July 10, 2024.

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today commented on the Company’s shocking June 28, 2024 filing which revealed that, under the terms of the Company’s asset-backed revolving facility credit agreement (the “Credit Agreement”), the Company now believes that its projected levels of liquidity may not be sufficient to meet the minimum excess availability threshold in the third quarter of 2024.1

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today commented on a June 27, 2024 Bloomberg news report that the Company has retained AlixPartners, a financial services consultancy that recently advised Bed Bath & Beyond on its bankruptcy proceedings, to receive assistance with operations and explore ways to boost its cash reserves.1

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today sent a letter to LL Flooring’s shareholders urging them to cast their votes for F9’s three highly qualified director nominees – Tom Sullivan, Jason Delves, and Jill Witter – before it is too late.

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today noted that another significant Company shareholder, Donovan S. Royal, has independently voiced strong concerns regarding LL Flooring’s current strategy and leadership and has reiterated support for the election of F9’s three highly qualified nominees to the Company’s Board of Directors (the “Board”) at its 2024 Annual Meeting to be held on July 10, 2024. Mr. Royal is not affiliated with F9 Investments.

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today mailed a letter to LL Flooring’s shareholders correcting what it believes are egregious distortions of the facts and dishonest personal attacks levied against Tom Sullivan and F9’s other nominees by the Company’s Board of Directors (the “Board”).

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today released a presentation highlighting why change to LL Flooring’s Board of Directors (the “Board”) is needed urgently in order to preserve what value is left and begin the process of rebuilding what was once – and can be again – a great company.

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today mailed a letter to LL Flooring’s shareholders highlighting the Board of Directors’ (the “Board”) recent record of abysmal stock price performance and flawed “strategic review” process.

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today issued the following statement in response to LL Flooring’s claims regarding F9’s intentions and the strategic capability of the Company’s current Board of Directors (the “Board”).

F9 Investments, LLC (“F9”), which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, Inc. (“LL Flooring” or the “Company”) (NYSE: LL) common stock and is the Company’s largest shareholder, today filed definitive proxy materials with the Securities and Exchange Commission (“SEC”) for the election of three highly qualified, independent director candidates – Thomas D. Sullivan, John Jason Delves, and Jill Witter – to LL Flooring’s Board of Directors (the “Board”) at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on July 10, 2024.

F9 Investments, LLC (“F9”) which, together with its affiliates, collectively owns approximately 8.8% of LL Flooring Holdings, Inc.’s (“LL Flooring” or the “Company”) (NYSE: LL) common stock, today sent a letter to the Board of Directors (the “Board”) of LL Flooring proposing to acquire all the issued and outstanding shares of common stock of LL Flooring for $3.00 per share (the “Proposed Offer”).