Cracker Barrel shareholders block Biglari from board

Cracker Barrel shareholders block Biglari from board

Shareholders reject the activist investor's attempt to gain a board seat for the second time

Cracker Barrel Old Country Store Inc.’s shareholders again voted to elect all of the corporate-sponsored nominees to its board of directors, blocking activist investor Sardar Biglari and Biglari Holdings vice chairman Phil Cooley from gaining board seats.

Biglari’s San Antonio, Texas-based company, Biglari Holdings Inc., owns 17 percent of Cracker Barrel's outstanding shares. This was Biglari’s second attempt to secure a position on the Lebanon, Tenn.-based

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