J. Alexander’s Holdings, Inc. (NYSE: JAX) provided an update on its business and its strategic evaluation. Executive Chairman of the Board of Directors of J. Alexander’s Holdings, Inc., Lonnie J. Stout II, commented, “We are heartened by the strength and resilience of our business and appreciate the efforts of our team members and the loyalty of our guests during these challenging times. Our Board and management team remain committed to completing our previously announced review of strategic alternatives. We will pursue completing that process prudently this year, as our restaurants move toward reopening at full capacity and the results of our business reflect our potential. We believe that this path will allow us to maximize the Company’s full and fair value for our shareholders.” The Company does not intend to provide periodic updates as to the status of the evaluation process unless or until it determines that further disclosure is appropriate or necessary.