Business
Cracker Barrel Old Country Store® Files Definitive Proxy and Sends Letter to Shareholders
Urges Shareholders to Support its Highly Qualified Slate of Directors by Voting the WHITE Proxy Card LEBANON, Tenn., Oct. 1, 2020 /PRNewswire/ -- Cracker
About this update from Cracker Barrel Old Country Store, Inc.
[{"type":"text","content":"Urges Shareholders to Support its Highly Qualified Slate of Directors by Voting the WHITE Proxy Card\n\n\nLEBANON, Tenn., Oct. 1, 2020 /PRNewswire/ -- Cracker Barrel Old Country Store® (Nasdaq: CBRL) (\"Cracker Barrel\" or the \"Company\") today filed definitive proxy materials with the Securities and Exchange Commission in connection with the Company's upcoming Annual Meeting of Shareholders to be held on November 19, 2020. Shareholders of record as of September 18, 2020 will be entitled to vote at the meeting. The proxy statement and other important information related to the Annual Meeting can be found at CrackerBarrelShareholders.com.\nThe Company today also sent a letter to shareholders from its President and Chief Executive Officer Sandra B. Cochran. In the letter, Ms. Cochran details the decisive actions the Company's Board and management team have taken to strengthen Cracker Barrel during the coronavirus pandemic, and addresses the Company's long track-record of shareholder value creation and high corporate governance standards. \nThe Cracker Barrel Board of Directors and Management team urges all shareholders to vote the WHITE proxy card \"FOR\" all of the Company's highly qualified director nominees. \nThe full text of the letter follows: \nOctober 1, 2020\nDear Fellow Shareholder:\nI hope this letter finds you and your family safe and healthy in these unprecedented times.\nEach year, with the publication of our Annual Report, we have the chance to reflect upon the year that just ended. This year, more than ever, I have been struck by the strength of our brand, the loyalty of our guests, the talent of our people and the power of our culture to deliver shareholder value. I hope that when you finish reading this letter, you will have greater insight into our Company and believe that your Board and your management team are worthy of your continued investment and confidence.\nI also hope that you will support us as we respond to yet another attempt by Sardar Biglari to influence our strategy and gain board representation. Our long-term shareholders are already familiar with Mr. Biglari and his four previous failed proxy contests over the last ten years. For those of you who may have joined us more recently, I hope you will do as your fellow shareholders have done on each of these previous occasions and once again reject Mr...