Biglari Holdings CEO wins proxy battle

Biglari Holdings CEO wins proxy battle

Shareholders vote to retain all six incumbent board members

Shareholders at Biglari Holdings Inc. opted to keep all six members of the company’s board, beating back a challenge from a small, Minneapolis-based hedge fund, Groveland Capital.

Multiple sources confirmed that the vote went in favor of all six incumbent directors, though no official vote or vote totals were announced as of press time Thursday.

Investors apparently opted for the experience of the existing board, despite ongoing concerns about controversial deals the b

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