Business
Jack in the Box Inc. Urges Shareholders to Vote “FOR” All 10 of the Company’s Highly Qualified Director Nominees on the WHITE Proxy Card, as Recommended by Leading Proxy Advisory Firm ISS
Reiterates Board’s Conviction that Mr. Biglari’s Campaign is Driven by Self-Interest and Anger, Rather than Shareholders’ Best Interests Visit
About this update from Jack In The Box Inc.
[{"type":"text","content":"\nReiterates Board’s Conviction that Mr. Biglari’s Campaign is Driven by Self-Interest and Anger, Rather than Shareholders’ Best Interests\n\n\nVisit www.KeepJackonTrack.com for More Information\n\n\n SAN DIEGO--(BUSINESS WIRE)--\nJack in the Box Inc. (“Jack in the Box” or the “Company”) (NASDAQ: JACK), today mailed a letter to shareholders in connection with its upcoming Annual Meeting of Shareholders scheduled to be held on February 27, 2026 (the “Annual Meeting”).\n\n\nIn the letter, the Company highlights that leading independent proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote “FOR” all 10 of the Company’s director nominees. The Company emphasizes the meaningful progress in executing its “JACK on Track” plan and underscores that the removal of David Goebel, Independent Board Chair, would jeopardize the continued successful execution of the Company’s strategy as well as the value of shareholders’ investments in Jack in the Box. In addition, the letter highlights that Biglari Capital Corp.’s (collectively with the participants in its solicitation, including Sardar Biglari, the “Biglari Group”) “vote no” campaign targeting Mr. Goebel is driven by his personal agenda rather than a genuine effort to create long term value for all Jack in the Box shareholders.\n\n\nThe content of the letter is as follows:\n\n\nDear Fellow Shareholders,\n\n\nThe 2026 Annual Meeting of Shareholders (the “Annual Meeting”) of Jack in the Box Inc. (the “Company” or “Jack in the Box”) is fast approaching, and we are writing to ask you to vote “FOR” ALL 10 of the Company’s highly qualified director nominees and “FOR” each of the Company’s proposals using the WHITE proxy card. Since time is short, we encourage you to submit your proxy electronically TODAY — via the Internet or by telephone.\n\n\nLeading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recognizes the strength and experience of our Board, highlights our responsiveness to shareholder feedback, and affirms our recommendation that shareholders vote “FOR” all 10 of the Company’s nominees, including David Goebel, Independent Chair of the Jack in the Box Board. In its report issued on February 13, 2026, ISS noted:1\n\n\n\n“…the combination of constructive shareholder engagement, appropriate refreshment, and the circumstances ...