According to a press release from Cracker Barrel Old Country Store Inc., activist investor Sardar Biglari appears to have struck out for the third year in a row to gain seats on the Board of Directors.
Editor’s note: Because Cracker Barrel Old Country Store Inc. was founded in Lebanon and its corporate headquarters are here, The Wilson Post decided to take a look back at the three-year battle between the local restaurant/gift shop corporation and activist investor Sardar Biglari before next week’s annual meeting.
For the third time in as many years, Cracker Barrel Old Country Store Inc. (CBRL) shareholders will be asked to place activist investor Sardar Biglari and his second in command at Biglari Holdings Inc. on the local restaurant’s board of directors next Wednesday.
Given the recent movement in activist investor Sardar Biglari’s businesses, The Wilson Post asked Dr. Paul Stumb, dean of the Labry School of Business and Technology at Cumberland University, to comment on the presentation Cracker Barrel Old Country Store & Restaurant executives will present to shareholders next Wednesday.
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