Cracker Barrel facing aggressive proxy battle from Steak ‘n Shake owner

New York PostThursday, September 18, 2025 at 8:44:28 PM
NegativeU.S News
Cracker Barrel facing aggressive proxy battle from Steak ‘n Shake owner
Cracker Barrel is currently embroiled in a contentious proxy battle initiated by the owner of Steak 'n Shake. Shareholders are expressing their dissatisfaction with the board's decision to retain a manager they deem inadequate. This situation highlights the growing tensions between management and investors, as shareholders seek to assert their influence and demand accountability. The outcome of this battle could significantly impact Cracker Barrel's leadership and strategic direction.
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