HOUSTON, Nov. 17, 2020 /PRNewswire/ –Luby’s, Inc. (“Luby’s” or the “Company”) (NYSE: LUB), announced that at a special meeting of stockholders held earlier today, stockholders approved the Company’s plan of liquidation and dissolution (the “Plan of Liquidation” or the “Plan”) that provides for the sale of the Company’s assets and distribution of the net proceeds to the Company’s stockholders, after which the Company will be dissolved. The Company noted that of the shares actually voted, in excess of 99% voted in favor of the Plan of Liquidation.
The Company’s stockholders also approved at the meeting today, (1) authority to reduce the size of the Board of Directors, (2) to permit action of stockholders by written consent, and (3)…
Read the full article at: https://www.prnewswire.com/news-releases/lubys-inc-stockholders-approve-plan-of-liquidation-and-dissolution-301175375.html