Biglari Capital Amends Cracker Barrel Filing

TL;DR

Biglari Capital filed another amendment on their Cracker Barrel stake. Watch this space.

AI Summary

Biglari Capital Corp. filed an amendment (No. 55) to its Schedule 13D on September 25, 2024, regarding its holdings in Cracker Barrel Old Country Store, Inc. The filing indicates a change in the reporting person's intentions or beneficial ownership, though specific details of the change are not provided in this excerpt. Biglari Capital Corp. is based in San Antonio, Texas.

Why It Matters

This amendment signals a potential shift in Biglari Capital's strategy or stake in Cracker Barrel, which could influence the company's future direction or stock performance.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate changes in activist investor strategy, which can lead to increased volatility.

Key Players & Entities

• Biglari Capital Corp. (company) — Filing entity
• Cracker Barrel Old Country Store, Inc. (company) — Subject company
• Sardar Biglari (person) — Associated with Biglari Capital Corp.
• Steve Wolosky (person) — Legal counsel

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• sc13da5508106004_09252024.htm (SC 13D/A) — 226KB
• 0000921895-24-002171.txt ( ) — 228KB

Purpose of Transaction

Item 4. Purpose of Transaction.

is hereby amended

Item 4 is hereby amended to add the following: On September 23, 2024, the Reporting Persons withdrew their nomination of Julie Atkinson and Michelle Frymire as nominees for election at the Annual Meeting. With the withdrawal, the Reporting Persons intend to solicit proxies to elect the remaining Nominees to the Board at the Annual Meeting.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

is hereby amended

Item 6 is hereby amended to add the following: Effective September 23, 2024, the Reporting Persons withdrew their nomination of Mses. Atkinson and Frymire as nominees for election to the Board at the Annual Meeting. In connection therewith, Mses. Atkinson and Frymire are no longer parties to the Joint Filing and Solicitation Agreement, as further described in Item 6 of Amendment No. 54 to the Schedule 13D. Each of the Reporting Persons and remaining Nominees shall remain party to the Joint Filing and Solicitation Agreement. 10 CUSIP No. 22410J106 SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. September 25, 2024 (Date) THE LION FUND II, L.P. By: BIGLARI CAPITAL CORP., its General Partner By: /s/ Sardar Biglari Name: Sardar Biglari Title: Chairman and Chief Executive Officer BIGLARI CAPITAL CORP. By: /s/ Sardar Biglari Name: Sardar Biglari Title: Chairman and Chief Executive Officer FIRST GUARD INSURANCE COMPANY By: /s/ Sardar Biglari Name: Sardar Biglari Title: Authorized Signatory SOUTHERN PIONEER PROPERTY AND CASUALTY INSURANCE COMPANY By: /s/ Sardar Biglari Name: Sardar Biglari Title: Authorized Signatory BIGLARI REINSURANCE LTD. By: /s/ Sardar Biglari Name: Sardar Biglari Title: Authorized Signatory 11 CUSIP No. 22410J106 BIGLARI INSURANCE GROUP INC. By: /s/ Sardar Biglari Name: Sardar Biglari Title: Authorized Signatory BIGLARI HOLDINGS INC. By: /s/ Sardar Biglari Name: Sardar Biglari Title: Chairman and Chief Executive Officer /s/ Sardar Biglari SARDAR BIGLARI 12

View Full Filing

View this SC 13D/A filing on SEC EDGAR