Jack in the Box Inc.

JACK

Reporting person: Biglari Capital Corp.(fund)

Biglari Capital seeks vote against JACK chairman David Goebel

Contested meetinghigh confidence9.97% stake

Contest Strategydissident slate, solicitors, demands

Contested annualVote Feb 27, 2026

What's being contested

Board seatsCompensationOther

IssuerJack in the Box Inc. (JACK)

Issuer solicitor—

Reporting personBiglari Capital Corp. (fund)

Dissident solicitorSaratoga Proxy Consulting LLC

Stake1,884,269 sh9.97%

Dissident counsel—

Cost basis—

Meeting dateFeb 27, 2026

Record date—

Primary demands

board refreshment
removal of incumbent chairman
meaningful change in board composition
rejection of executive compensation package
rejection of share plan amendment
rejection of stockholder protection rights agreement

Vote Mechanics

140d post-vote

Vote dateFeb 27, 2026

Record date—

Mailing date—

Record → vote—

Threshold—

Min approvalparsed—

Shares outstanding—

Insider lock-up—

Advisors

No advisor data on record for this deal.

Sources

SEC Filing

Biglari Capital Corp. and affiliated entities, collectively owning 9.97% of Jack in the Box Inc., filed a preliminary proxy statement soliciting shareholder votes against the re-election of Chairman David Goebel at the 2026 annual meeting scheduled for February 27, 2026. The dissident group contends that the incumbent board lacks the experience and willingness to address strategic missteps and reverse years of shareholder value destruction. Biglari also recommends votes against three company proposals regarding executive compensation, share plan amendments, and a stockholder protection rights agreement.

Item id: a6794556-5057-4475-a620-cf99d90355e2 · ingested Apr 24, 2026