On January 23, 2018, J. Alexander’s Holdings, Inc. announced that a spokesman at Eminence Capital, which owns approximately 8.8 percent of the Company’s outstanding shares, has indicated to the Company that it supports the acquisition of Ninety Nine Restaurant & Pub and intends to vote in favor of the proposed merger. The Company recommended its shareholders to vote for the proposed transaction with Ninety Nine Restaurant & Pub on the Company’s proxy card before January 30, 2018.