Cracker Barrel Old Country Store, Inc. filings document the formal disclosures of a Tennessee-incorporated, Nasdaq-listed restaurant and retail operator. Recent Form 8-K reports cover quarterly results and fiscal outlook, Regulation FD investor presentations, and material corporate events related to leadership, compensation arrangements, and governance.
The filing record also includes annual meeting matters, shareholder voting results, and amendments to the company’s 2020 Omnibus Incentive Plan. These disclosures frame CBRL’s public-company reporting around operating performance, comparable restaurant and retail sales, executive transitions, incentive compensation, and board-approved governance actions.
Biglari Capital Corp. and affiliated entities have launched a proxy campaign against certain directors of Cracker Barrel Old Country Store, Inc. They have filed a preliminary proxy statement and will use a GOLD proxy card to solicit votes AGAINST the election of specific directors at Cracker Barrel’s 2025 annual shareholder meeting.
The filing states that the participants in this solicitation, collectively referred to as “Biglari,” beneficially own an aggregate of 654,141 shares of Cracker Barrel common stock. The Lion Fund II directly owns 585,000 shares, while First Guard Insurance Company and Southern Pioneer Property and Casualty Insurance Company directly own 62,300 and 6,841 shares, respectively. Through their roles as parent entities or general partner, various Biglari-affiliated companies and Sardar Biglari may be deemed to beneficially own these shares.
Biglari Capital Corp. and affiliated entities have launched a proxy campaign at Cracker Barrel Old Country Store, Inc. to oppose certain board nominees at the 2025 annual meeting. They have filed a preliminary proxy statement and will use a GOLD proxy card to solicit shareholders to vote WITHHOLD on the election of specific directors.
The participant group includes Biglari Capital, The Lion Fund II, First Guard Insurance Company, Southern Pioneer Property and Casualty Insurance Company, Biglari Reinsurance Ltd., Biglari Insurance Group Inc., Biglari Holdings Inc. and Sardar Biglari. Together, they beneficially own 654,141 shares of Cracker Barrel common stock, with 585,000 shares held directly by The Lion Fund II, 62,300 by First Guard and 6,841 by Southern Pioneer.
The State Board of Administration of Florida, a long-term investor in Cracker Barrel Old Country Store, Inc., has issued an exempt solicitation highlighting what it views as serious governance concerns following the company’s now-abandoned rebranding effort in August 2025. The SBA describes a rebrand launched in mid-August 2025 that drew public outcry, coincided with a sharp stock price decline, and was rescinded on August 26, 2025 without a clear explanation of how the decision was made.
On August 28, 2025, the SBA sent a detailed letter to Cracker Barrel’s board asking how much was spent on the rebrand and its reversal, what oversight and risk management processes were used, and whether non‑pecuniary or ideological factors influenced the decision. The SBA urges fellow shareholders to press the board for transparency, consider further governance actions if responses are inadequate, and emphasizes a focus on long‑term shareholder value. It states it will vote against every director up for election at the next annual meeting.
Cracker Barrel Old Country Store, Inc. filed a Form 8-K disclosing pre-commencement communications under the Exchange Act and attaching a press release dated October 2, 2025 as Exhibit 99.1. The filing notes the company's Nasdaq listing on the Nasdaq Global Select Market and identifies a corporate title: Senior Vice President, General Counsel and Corporate Secretary. The submission includes an interactive data cover page file as Exhibit 104.
The filing contains no financial tables, earnings data, or transaction details; it appears focused on corporate communications and an executive title disclosure rather than financial performance or material transactions.
Sarah O. Moore, SVP & Chief Marketing Officer of Cracker Barrel Old Country Store, Inc. (CBRL), reported a sale of 277 shares of the company's common stock on 09/30/2025 at a price of $44.06 per share. The filing states the shares were deducted to satisfy federal tax withholding obligations arising from the vesting of a previously disclosed award. After the transaction she beneficially owns 3,235 shares directly. The Form 4 was signed by an attorney-in-fact on 10/01/2025.
Richard M. Wolfson, SVP & General Counsel of Cracker Barrel Old Country Store, reported related transactions dated 09/30/2025. A performance-based award of 971 performance shares vested and were converted into common stock at a $0.00 conversion price, increasing his reported beneficial ownership to 28,172 shares. Following the vesting, 407 shares and 1,561 shares were surrendered to satisfy federal tax withholding obligations at a transaction price of $44.06, reducing his beneficial ownership to 26,204 shares. The Form 4 is signed on 10/01/2025.
Reporting person: Julie D. Masino, listed as both a Director and CEO of Cracker Barrel Old Country Store, Inc. (CBRL).
On 09/30/2025 Ms. Masino disposed of 6,566 shares of Common Stock at a price of $44.06 per share. The filing states these shares were deducted to satisfy federal tax withholding obligations related to the vesting of previously disclosed awards. Following the transaction she beneficially owned 82,659 shares, held directly. The Form 4 was signed by an attorney-in-fact on 10/01/2025. The filing contains only the items shown and does not provide additional explanation or forward-looking information.
Insider transactions by Jim Mark Spurgin at Cracker Barrel (CBRL) show vesting of a performance award and share dispositions on 09/30/2025. A performance stock award of 210 shares vested under the FY23 Long-Term Performance Plan and was reported as acquired at $0.00, reflecting compensation vesting rather than a market purchase.
To cover tax withholding, two dispositions occurred: 88 shares and 571 shares were deducted/treated as sold at $44.06, reducing Mr. Spurgin's reported direct beneficial ownership from 7,116 shares after vesting to 6,457 shares following the withholding-related disposals.