Glass Lewis recommends LL Flooring shareholders vote for F9 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, announced that Glass Lewis & Co. has recommended that LL Flooring shareholders vote on F9’s GOLD proxy card “FOR” the election of F9’s director nominees – Thomas Sullivan, Jason Delves, and Jill Witter – and “WITHHOLD” from LL Flooring’s nominees Douglas Moore, Ashish Parmar, and Nancy Taylor in connection with the Company’s 2024 Annual Meeting of Shareholders to be held on July 10, 2024. In making its recommendation “FOR” F9’s nominees, Glass Lewis noted the following regarding LL Flooring’s prospects under incumbent leadership and the need for swift change: “It is not clear at this juncture that the board has a clear vision as to the fair value of the Company or its prospects, nor is it evident there is firm cognizance of the downward pressure on LL’s shares arising from the Company’s substantially poor performance and significant financial risks…we consider election of F9’s slate to represent the most compelling alternative available at what appears to be a fairly critical juncture for LL.”