On January 11, 2019, Cove Street Capital, LLC delivered a letter to Capital Senior Living Corporation’s Board of Directors recommending, among other things, that the Board pursue changes to its composition and seeks to declassify itself such that all Board members are elected annually, beginning with the nominees standing for election to the Board at the Company’s 2019 annual meeting of stockholders. In the letter, Cove Street Capital expressed its view that the Company can achieve value by making improvements in internal execution, through the proper alignment of incentives at the Board and management level, and with external assistance.