The enemy of Cracker urges to contribute to voting against the “worst of the average” executive after Dima

The last Biglari campaign is part of 14 years of tangle with the Cracker Barre barrel, which has been repeatedly failed to elect himself as a director. However, he managed to elect two candidates for selection (in 2022 and 2024), while the fight against the agent’s battles costs the baramir barrel. This was even a reason for criticism from Biglari: “The Board of Directors has spent $ 31 million in shareholders’ money to prevent one of its largest shareholders (Biglari) from obtaining a minority. The company is now laughing. ”

For many years, Biglari was one of the company’s largest shareholders, at a time when he owned nearly 20 % of the Cracker Barre shares. He has since sold a lot of his share, and revealed the ownership of a 2.9 % stake in providing the agent.

Doveings in the fourth quarter of the restaurant chain revealed a beauty queen in profits per share, Shorten On profitability of the arrow while overcoming revenues and Drop the weaker customer movement next year.

Cracker barrel stocks He falls Nearly 10 % in trading after hours and more than 8 % decreased at the time of publication.

Biglari, which is also CEO of Biglari HoldingsWhich also controls in Maxim magazine, does not disappear. On Thursday, he urged the shareholders to vote against the directors of the Board of Directors, who accused them of “severe destruction of the value of shareholders”, the inability to understand the brand of a barrel book, and failed to choose the appropriate CEO.

“Instead of showing the necessary discipline and supervision to protect and enhance the floors brand, the administration relied on fast -visualized strategies that have worsened the current challenges instead of resolving them, and reached its peak in the catastrophic” brand update “that was classified among the worst brand errors in this century alongside Bud Light and Jaguar”, He “, He books. “The work period of CEO Julie Massino has been distinguished through frequent and installed errors, starting with efforts to rename the misleading brand to the fateful” transformation “initiatives, which reflect the disturbing company style of designing the tone and ignoring the shareholder capital.”

Biglari also assumed the goal of the marketing expert of the Cracker Barrel Council, Gilbert Dávila, who accused him of responsibility for chain conflicts, and “eroding the value of shareholders” by agreeing to “huge wages packages” for the CEO of the barrel.

“The shareholders can send a message that the merit and performance, the basis that built America, is ranked above Dei,” continued.

Cracks of a barrel of strange Bagary rejected Saying luck The active investor has made “many wrong and misleading claims on the crusher barrel, board of directors.” The shareholders have rejected almost all his proposals.

In June, Wall Street Magazine I mentioned Many of the crushing barrel clients were saddened by “losing this old feeling”, and the uproar escalated in August after a A special tweet by Donald Trump Junior.Highlighting the allegations that the brand was “wake up”. The market reaction alone wiped $ 100 million of the chain value. In the case, it was, in part, the new slogan that got rid of the traditional “Uncle Hershel“The amulet-an old man of denim sitting on a chair next to a barrel.

Design, which was a major part of Cracker Barre’s 700 million dollars The update campaign – and was aimed at reflecting an external flow of customers from the series, the performance that Biglari criticized for years – ignited the controversy immediately, and attracted anger from Deners long ago, Pegberry, and even President Trump. Biglari uses social media accounts for his restaurant to hunt a crushing barrel.

Soon Cracker Barrel reflects the path, abandoning the brand rename and suspending the planned restaurant renovations. The shares of the company decreased about 17 % year to date.

Fortune Global Forum Returns 26 to 27 October, 2025 in Rydah. Executive chiefs and world leaders will meet for a dynamic event for the call only forms the future of business. Apply for an invitation.