On, May 25,2021, Leaf Group announced that Institutional Shareholder Services Inc. (ISS) has recommended shareholders vote to approve its merger agreement with Graham Holdings Company. Further, ISS stated that, shareholders approve both of Leaf Group’s related proposals, including the non-binding advisory proposal to approve the compensation of the Company’s executive officers in connection with the merger with Graham Holdings and the adjournment of Leaf Group’s special meeting of shareholders in the event there are insufficient votes to approve the merger at the time of the special meeting.