On April 20, 2020, J. Alexander’s Holdings, Inc. entered into a Cooperation Agreement with Ancora Advisors, LLC, Ancora Merlin Institutional LP, Ancora Merlin, LP, Ancora Catalyst Institutional LP, Ancora Catalyst LP, Ancora/Thelen Small-Mid Cap Mutual Fund and Frederick DiSanto. Pursuant to the Agreement, the Board of Directors of the Company (the “Board”) agreed to appoint Carl J. Grassi as a Class II director of the Company with a term expiring at the 2020 annual meeting of shareholders (the “2020 Annual Meeting”). Mr. Grassi, age 60, is a Member at business advisory and advocacy law firm McDonald Hopkins, LLC (McDonald Hopkins) and serves on its Board of Directors. Mr. Grassi was firm chairman from 2016 to 2019 at McDonald Hopkins after serving as firm president for nine years. Mr. Grassi will serve on the Compensation Committee of the Board.