Background on the Situation

Cracker Barrel, a well-known casual-dining company, recently faced pressure from Sardar Biglari, the CEO of Steak 'n Shake, regarding his nominations for the board. This marked Biglari's seventh attempt in 13 years to takeover Cracker Barrel's board, leading the company to label it as an 'unnecessary proxy contest.' Biglari aimed to nominate himself along with Milena Alberti-Perez, a move challenged by Cracker Barrel, citing her lack of qualifications and even her admission of never visiting a Cracker Barrel restaurant.