Founder XX-XY ATHLETICS JENNIFER Sey Analysis of why customers rejected the stadium to change the logo of the restaurant chains in the evening editing.
Craft barrel The leadership obtained a failed degree in the wages of an agency consulting company last year before the company decided to proceed with the effort to rename a fateful.
A report from the Proxy Lewis Consulting Company in November 2024 was given before the shareholders ’shareholders vote on the” F “degree in the company’s special scale for the year 2024 of the company. The chain of stalled restaurants also received “D” to pay Glass Lewis for the performance scale in both financial years 2022 and 2023.
The report referred to the “severe separation between wages and performance” due to the performance of the Cracker Barrel for the levels of executive wages between peer companies.
Glass Lewis indicated that Cracker Barre’s’ CEO transfer “The highly affected wage practices of the year in the review,” where Julie Felze Masseno won the CEO of the new company in August 2023, after the beginning of the fiscal year for the year 2024.
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Cracker Barrel reflects her planned normative signs and restores her classic slogan amid a violent reaction. (Joe Raedle / Getty Images / Getty Images)
Al -Wakeel Company explained that while the shareholders in the cracking barrel must be “cautious about the level of exacerbation of the separation between Payment and performance“In the previous year, I realized that the weighted average for three years of average compensation” was greatly affected “through the transfer of the CEO as well as one -time prizes in the previous year.
When it was considered on its own, the MASINO targeted compensation was placed “somewhat uninterrupted” for the peer of the Cracker barrel in Glass Lewis analysis.
Crack of the old rural barrel, the temporary countryside
Al -Wakeel Company also said that in May 2024, the agent announced that it would spend between $ 600 to $ 700 million on Capex (capital expenditures) until the fiscal year 2027, when it started a pilot test to reshape it in two Restaurant sites.
This step, along with 80 % Profit The traffic was slowed from what was expected in the FY2024 “I introduced a state of great uncertainty” and contributed to a decrease of 14.5 % one day at the price of the Cracker Barre shares after the announcement.
Fox Business connects to Cracker Barre to comment on the report.
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Cracker Barrel is struggling in the years before the appointment of Masino and Reagate Logo. (Zak Bennett for Fox News Digital / Fox News)
Last month, the Cracker Barrel conversion project turned into a renewal of Classic logoRemoving the “old timer” that sits next to a barrel and reviews the text of the crusher, a step that pushed a violent reaction from fans and diluted investors, which led to the sliding of stocks.
The brand, which was announced on August 19, was reversed before the end of the month, with the Cracker Barre announcement on August 27 that it would restore the original logo.
Cracker Barrel rose near its highest level in August of $ 62.55 per share after reflection, although it has decreased since that week nearly 54 dollars.
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Despite the recent fluctuations, Cracker barrel stocks About 1.7 % has decreased until now – although 35 % has increased in the past six months and 39 % over the past year amid a shift boost.
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