Under the leadership of our world-class CEO Julie Masino, we are already driving progress. Importantly, this is only the beginning.
The Board recognized Cracker Barrel has not delivered the results shareholders expect coming out of the pandemic, and is executing with urgency to address areas of opportunity.
The Board recruited and appointed a world-class CEO in Julie Masino, who acted quickly to bolster the Company’s leadership team.
We are seeing strong results as the strategic transformation plan takes hold.
We believe the Board’s slate of 10 recommended nominees have superior qualifications to build the value of your investment in Cracker Barrel.
This is Mr. Biglari’s SEVENTH proxy contest at Cracker Barrel in 13 years. Each time his proxy contests have gone to a vote, shareholders have rejected Mr. Biglari’s nominees and positions by significant and increasing margins.
Mr. Biglari’s ‘plan’ provides no credible or clear alternative to the Company’s transformation plan.
The Company made multiple efforts to reach a settlement with Mr. Biglari to avoid an unnecessary proxy contest.
Mr. Biglari is once again trying to benefit himself personally at the expense of other shareholders.