Ancora Advisors Reaches Agreement with J. Alexander’s for Board Representation and Governance Improvement

The Deal (subscription required), Nashville Post and other media sources reported on the agreement reached between Olshan client Ancora Advisors and J. Alexander’s pursuant to which Carl Grassi was appointed to the company’s Board of Directors. As part of the agreement, J. Alexander’s also agreed to present a proposal to provide for majority voting in uncontested director elections at its upcoming 2020 annual meeting. Steve Wolosky and Ryan Nebel represent Ancora Advisors in connection with its investment in J. Alexander’s.