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Cracker Barrel Asks Shareholders to Deny Biglari Board Seat

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Cracker Barrel has begun mailing letters to shareholders asking that they – again –keep activist investor Sardar Biglari off the company’s board of directors.

The Lebanon-based restaurant chain’s annual meeting where board members are elected will be held November 15th.

Biglari – whose holding company owns Steak and Shake – also is Cracker Barrel’s largest shareholder. He made an unsuccessful run for the company’s board last year. This year, he’s also nominated the vice president of his own company.

Biglari says Cracker Barrel could be more profitable than it is. CEO Sandra Cochran says Biglari could “jeopardize” the company’s “momentum.”

Filed Under: WPLN News Tagged With:

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Blake Farmer, Host, This Is Nashville

Blake Farmer is the host of “This Is Nashville,” the flagship weekday show of Nashville Public Radio. Previously, Blake spent 16 years at WPLN News, serving as host, editor and news director. Before a two-year radio hiatus with a Nashville-based healthcare company, Blake was one of the country’s most prolific healthcare audio journalists. He produced stories for both local and national programs, extending the reach of his reporting through a partnership with KFF Health News. Outside of work, Blake can be found running or biking on roads that other Nashvillians consider too busy for such activities. So far, he has always made it home to his wife of 20 years and two children.

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