F9 Investments urges LL Flooring shareholders to vote for director nominees

F9 Investments, which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings common stock and is the Company’s largest shareholder, filed definitive proxy materials with the Securities and Exchange Commission for the election of three independent director candidates,Thomas D. Sullivan, John Jason Delves, and Jill Witter, to LL Flooring’s Board of Directors at the Company’s 2024 Annual Meeting of Shareholders to be held on July 10, 2024. In connection with the filing of definitive proxy materials, F9 is mailing a letter to LL Flooring’s shareholders, which read in part, “We are deeply concerned about the severe value erosion of our investment and the utter lack of urgency and engagement demonstrated by the Company’s entrenched Board of Directors. LL Flooring has vastly underperformed its peer group and broader market indices by a shockingly wide margin over all relevant time periods, and the Company’s stock price is down more than 57% this year alone. As a result of the Board’s many failures, the survival of this former industry leader is now in extreme peril, further evidenced by the negative “going concern” opinion recently issued by the Company’s auditors. Simply put, shareholders deserve an immediate change of course. Accordingly, we have nominated three highly qualified directors to LL Flooring’s Board in connection with the upcoming 2024 Annual Meeting of Shareholders, scheduled for July 10, 2024…LL Flooring is in dire need of a lifeline. Shareholders should not expect meaningful change from a Board that has failed to deliver on its promises for years. Now is the moment to have your voice heard and to protect your investment.”