Jack in the Box Inc.

JACK

Reporting person: Biglari Capital Corp.(group)

Biglari Capital seeks vote against Jack in the Box Chairman 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. (group)

Dissident solicitorSaratoga Proxy Consulting LLC

Stake1,884,269 sh9.97%

Dissident counsel—

Cost basis—

Meeting dateFeb 27, 2026

Record date—

Primary demands

board refreshment
meaningful change in leadership and oversight
reverse stockholder value destruction
accountability to shareholders

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, owning 9.97% of Jack in the Box Inc., are soliciting votes against the re-election of Chairman David Goebel at the February 27, 2026 annual meeting. Biglari contends the incumbent board lacks the experience and willingness to address strategic missteps and reverse shareholder value destruction. The dissident also opposes proposals 3, 4, and 5 (equity plan amendment, say-on-pay compensation, and stockholder rights agreement ratification).

Item id: db8b849d-3e43-411f-bada-1534c210801e · ingested Apr 24, 2026