On February 17, 2021, Oak Investment Partners delivered a letter to Leaf Group Ltd. nominating 3 candidates, Michael McConnell, John Mutch, and Eric Singer, for election to the Board at the 2021 annual meeting. Oak Investment stated that in the letter, Series One and Osmium Capital also submitted a non-binding proposal for consideration by stockholders at the 2021 annual meeting seeking stockholder approval of a request for the Board to take all necessary steps in its power to declassify the Board so that all directors are elected on an annual basis commencing at the 2022 annual meeting of stockholders.