Biglari capital submits written notice and demand for inspection and copying of cracker barrel records

On november 5, 2019, biglari capital corp. stated that its counsel has delivered a letter to the corporate secretary and registered agent of cracker barrel old country store, inc. requesting certain books and records related to, among other things, (i) financial data regarding each of punch bowl social, holler & dash biscuit house and maple street biscuit company, and (ii) return on invested capital in new stores since the commencement of the company’s 2011 fiscal year. biglari capital stated that it seeks the company’s books and records concerning each of the subject matters discussed in this written demand, including but not limited to information regarding the cost and financial impact of each venture, the actual and expected returns of each venture, and the company’s long-term strategic plans regarding each venture. in addition, biglari capital stated that it will arrive for the inspection on november 12, 2019, and continue the inspection through regular business hours at the company’s place of business or at a reasonable location of the company’s choosing.
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