(Reuters) -Cracker Barrel Old Country Store faced fresh pressure ahead of its annual meeting after Biglari Capital said on Monday that proxy advisory firms have urged shareholders to vote against some incumbent board nominees.
The restaurant chain has witnessed a turbulent year, with its stock diving after widespread criticism of its attempted logo redesign as part of a restructuring.
Cracker Barrel’s attempt to change its logo triggered a public backlash from conservatives including U.S. President Donald Trump, forcing the company to revert to its original “Old Timer” branding.
Biglari, a long-time activist investor who tried to acquire the company in 2012, launched a fresh proxy battle in September, urging shareholders to vote to withhold the reelection of CEO Julie Felss Masino and b

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