Luby's beats back board challenge from Bandera Partners

Luby's beats back board challenge from Bandera Partners

(Corrects headline and 2nd paragraph to say Bandera Partners, not Bandera Capital)

NEW YORK, Jan 25 (Reuters) - Casual dining chain Luby's Inc. said on Friday that it beat back a long-term shareholder's bid for four board seats when investors sided with management and elected all nine of the company's director nominees.

Investors supported all of Luby's directors ending a battle between the company and Bandera Partners, a small New York-based hedge fund that owns roughly 10 percent of Luby's shares and demanded more accountability and oversight by the board. (Reporting by Svea Herbst-Bayliss Editing by Chizu Nomiyama)