On July 30, 2013, Calloway's Nursery, Inc issued a press release announcing that it has entered into a settlement agreement with 3K Limited Partnership regarding the proxy contest related to the Company's 2013 annual meeting of shareholders. In addition, the Company stated that Under the terms of the agreement, the Board of Directors will be expanded from 5 to 8 and 2 3K Limited nominees, Peter H. Kamin and Alan B. Howe, will join the Board, along with David Straus, President and CEO of Sloat Garden Center, Inc.