J. Alexander's Corporation Confirms Receipt of Director Nominations from Privet Fund

J. Alexander's Corporation JAX today acknowledged that Privet Fund LP, which as part of a group has disclosed beneficial ownership of approximately 12.6% of the outstanding shares of the Company's common stock, submitted to the Company a notice of nomination of four director candidates for election to the Company's Board of Directors at the Company's 2012 Annual Meeting of Shareholders. If Privet does solicit votes for these four individuals, it would constitute a move to replace the entire board, which consists of four seats.