Sardar Biglari, an outspoken critic of Cracker Barrel, previously has said its board's 'lackadaisical, passive, slow approach necessitates change.'
San Antonio activist investor Sardar Biglari and struggling restaurant and retail chain Cracker Barrel may soon square off in yet another proxy fight. Biglari intends to nominate five candidates for election to Cracker Barrel Old Country Store Inc.’s 10-member board at its annual meeting later this year, the company said Monday.
Activist investor Sardar Biglari on 'asinine actions,' cigar-butt investing and protecting his turf Biglari, chairman and CEO of San Antonio-based Biglari Holdings Inc., parent company of Steak n Shake, has been an outspoken critic of Cracker Barrel’s management and directors for years. That’s despite him turning — by his math — a $246.7 million investment in Cracker Barrel into $879.
El Pollo Loco adopts ‘poison pill’ as San Antonio investor Sardar Biglari buys its stock Cracker Barrel management has to focus all its attention on “fixing” existing stores while halting store expansion, Biglari said at his company’s annual meeting. Biglari’s five nominees mark the highest number of candidates he has proposed to serve on Cracker Barrel’s board. On five previous occasions, from 2011 to 2022, Biglari nominated candidates to fill one or two seats. He nominated himself three times.
Biglari Holdings Inc. Steak N Shake El Pollo Loco Outback Steakhouse Humana Inc. Sardar Biglari Jody L. Bilney San Antonio
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