Adviser recommends Steak n Shake seats for Biglari

INDIANAPOLIS Ahead of Steak n Shake Co.’s annual shareholder meeting on March 7, a proxy advisory firm recommended on Tuesday that the restaurant company’s shareholders nominate two dissident investors, including activist Sardar Biglari, to the company’s board of directors.

Glass Lewis & Co. said Steak n Shake’s current board had failed to hold senior executives accountable for the 490-unit chain’s deteriorating performance. The firm also criticized the chain's

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.