UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement pursuant to Section 14(a) of the
Securities Exchange Act of 1934
|
| |
| Filed by the Registrant ☒ | Filed by a Party other than the Registrant ☐ |
Check the appropriate box:
|
| | | | |
| ☐ | | Preliminary Proxy Statement |
| ☐ | | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | | Definitive Proxy Statement |
| ☒ | | Definitive Additional Materials |
| ☐ | | Soliciting Material under Rule 14a-12 |
| Luby’s Inc. |
| (Name of Registrant as Specified in Its Charter) |
| (Name of Person(s) Filing Proxy Statement, if other than the Registrant) |
| Payment of Filing Fee (Check the appropriate box): |
| ☒ | | No fee required |
| ☐ | | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 |
| | | (1) | | Title of each class of securities to which transaction applies: |
| | | (2) | | Aggregate number of securities to which transaction applies: |
| | | (3) | | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
| | | (4) | | Proposed maximum aggregate value of transaction: |
| | | (5) | | Total fee paid: |
| ☐ | | Fee paid previously with preliminary materials. |
| ☐ | | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| | | (1) | | Amount Previously Paid: |
| | | (2) | | Form, Schedule or Registration Statement No.: |
| | | (3) | | Filing Party: |
| | | (4) | | Date Filed: |
Since the 2019 advisory vote to approve the Company’s executive compensation, the Compensation Committee has spoken about the Company’s executive compensation program with shareholders representing approximately 51.9% of the outstanding shares of the Company. Most of the shareholders provided feedback that they believed prior compensation to be excessive and welcomed the adjustments made to executive compensation following the advisory vote. The Compensation Committee has taken into account this valuable input in managing the Company’s current compensation policies, and it will continue to review, evaluate, and seek shareholder feedback regarding the effectiveness of the Company’s executive compensation policies.
