Cracker Barrel shareholders fend off Biglari board seat

Cracker Barrel Old Country Store Inc. said Tuesday its shareholders voted to elect all corporate-sponsored board members at its annual meeting, blocking activist investor Sardar Biglari’s attempt to gain a seat through a proxy fight.

Lebanon, Tenn.-based Cracker Barrel, which operates 608 family restaurants, said preliminary results provided by the company’s proxy solicitor indicate the board members placed for nomination by the company won “by a significant ma

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