Independent Proxy Advisory Firms ISS And Glass Lewis Agree Biglari Capital Has Made Compelling Case For Change At Cracker Barrel; Glass Lewis Recommends That Shareholders Vote FOR 2 Of Biglari Capital's Nominees And ISS Recommends Shareholders Vote...
Independent Proxy Advisory Firms ISS And Glass Lewis Agree Biglari Capital Has Made Compelling Case For Change At Cracker Barrel; Glass Lewis Recommends That Shareholders Vote FOR 2 Of Biglari Capital's Nominees And ISS Recommends Shareholders Vote...
Independent Proxy Advisory Firms ISS And Glass Lewis Agree Biglari Capital Has Made Compelling Case For Change At Cracker Barrel; Glass Lewis Recommends That Shareholders Vote FOR 2 Of Biglari Capital's Nominees And ISS Recommends Shareholders Vote For 1 Of Biglari Capital's Nominees
獨立代理諮詢公司ISS和玻璃一致認爲Biglari Capital提出了對cb鄉村店變革的有力案例；玻璃建議股東投票支持Biglari Capital的兩名提名人，ISS建議股東投票支持Biglari Capital的一名提名人
Glass Lewis Recommends that Shareholders Vote FOR Two of Biglari Capital's Nominees and ISS Recommends Shareholders Vote FOR One of Biglari Capital's Nominees
玻璃建議股東投票支持Biglari Capital的兩名提名人，ISS建議股東投票支持Biglari Capital的一名提名人
Incumbent Directors Carl Berquist and Meg Crofton Have Overseen Observably Poor Performance and Significant Shareholder Value Destruction
現任董事Carl Berquist和Meg Crofton監督了顯著較差的業績和巨大的股東價值破壞
ISS and Glass Lewis Both Cite Substantial Analyst Concern Over the Company's Costly Transformation Plan
ISS和玻璃都提到分析師對公司成本高昂的轉型計劃的重大關注
Biglari Capital Urges Shareholders to Vote the GOLD Proxy Card for All Three of Its Director Nominees.
Biglari Capital敦促股東爲所有三名董事提名人投票支持黃金代理卡。
San Antonio, TX, Nov. 12, 2024 /PRNewswire/ -- Biglari Capital Corp. today issued the following letter to shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). See below for the shareholder letter in its original form.
德克薩斯州聖安東尼奧，2024年11月12日 /PRNewswire/ -- Biglari Capital corp.今天向cb鄉村店的股東發佈了以下信件（納斯達克代碼：CBRL）。請參閱以下以原始形式呈現的股東信件。
November 11, 2024
2024年11月11日
Dear Shareholders of Cracker Barrel Old Country Store Inc. ("Cracker Barrel" or the "Company"):
親愛的cb鄉村店股東（"cb鄉村店"或"公司"）：
Cracker Barrel is at a pivotal moment. Under the leadership of the current Board of Directors (the "Board"), Cracker Barrel has suffered for years from strategic missteps, capital misallocation, and significant shareholder value destruction.
cb鄉村店正處於一個關鍵時刻。在當前董事會的領導下，cb鄉村店多年來因戰略失誤、資本錯誤配置以及嚴重的股東價值破壞而飽受困擾。
In separate reports published on November 8, 2024, Glass Lewis and Institutional Shareholder Services ("ISS"), two independent proxy advisory firms, concluded that Biglari Capital Corp. ("Biglari Capital," "we" or "our") have made the case for change at Cracker Barrel.
在2024年11月8日發佈的兩份獨立報告中，Glass Lewis和機構股東服務公司（"ISS"）得出結論，Biglari Capital corp.（"Biglari Capital"、"我們"或"我們的"）爲cb鄉村店的變革提出了理由。
ISS did not mince words in its report, advising that, "Shareholders that intend to vote their shares at this upcoming meeting are not able to take a 'wait and see' approach, but instead must reach a judgment now about whether the current state of affairs of the company merits immediate change at the board level. In light of the factors covered by this analysis, the dissident has made the case for change."1
ISS在其報告中直言不諱地建議，"打算在即將召開的會議上投票的股東不能採取 '觀望' 的態度，而必須現在就公司當前的狀況是否需要在董事會層面立即變革作出判斷。鑑於本分析所涵蓋的因素，異議方已經提出了變革的理由。"1
In its report, Glass Lewis recommended shareholders use our GOLD proxy card to support Milena Alberti-Perez and withhold their votes on Meg Crofton. Unlike ISS, Glass Lewis recognized the benefit of having Ms. Alberti-Perez on the Board, stating:2
在它的報告中，Glass Lewis建議股東使用我們的黃金代理卡支持Milena Alberti-Perez，並對Meg Crofton投票棄權。與ISS不同，Glass Lewis認識到讓Alberti-Perez女士加入董事會的好處，表示：2
"Given the specific concerns identified here, we take the view that Ms. Alberti-Perez offers prospectively critical financial and capital allocation expertise, and has, in connection with her May 2023 appointment to the board of Pitney Bowes following a campaign by Hestia Capital, contributed to significant improvements in shareholder value (i.e. Pitney Bowes TSR +168.6% between May 8, 2023 and November 5, 2024, versus a 42.3% total gross return for the Russell 3000 Index over the same period). We believe the addition of Ms. Alberti-Perez's skill set, including an apparent ability to work constructively with other board members in the immediate wake of a contested solicitation, would represent a promising turn relative to the status quo."3
"鑑於此處所確定的具體關注點，我們認爲Alberti-Perez女士在財務和資本配置方面提供了關鍵的專業知識，並且在她於2023年5月被任命爲必能寶董事會成員後，藉助Hestia Capital的競選，促進了股東價值的顯著提升（即，在2023年5月8日至2024年11月5日期間，必能寶的總回報率爲+168.6%，而在同一期間，Russell 3000指數的總毛回報僅爲42.3%）。我們認爲，增加Alberti-Perez女士的技能組合，包括她在爭議招募後的立即與其他董事會成員有效合作的顯著能力，將代表相較於現狀的一個有希望的轉變。"3
譯文內容由第三人軟體翻譯。