[SCHEDULE 13G] Jack in the Box Inc. SEC Filing
Rhea-AI Filing Summary
Callodine Capital Management, LP and James S. Morrow reported beneficial ownership of 1,619,932 shares of Jack In The Box Inc. common stock, representing 8.58% of the outstanding shares. The filing states those shares are held for the benefit of Callodine's advisory clients and that Mr. Morrow, as managing member of the general partner, shares voting and dispositive power over the holdings. The reporting persons assert the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control. The filing references 18,879,446 shares outstanding used to calculate the percentage and includes the issuer's principal office in San Diego.
Positive
- None.
Negative
- None.
Insights
TL;DR: An 8.58% stake is material and signals a notable investor position without stated intent to seek control.
Callodine's reported 1,619,932-share position equals 8.58% of Jack In The Box's 18,879,446 outstanding shares referenced in the filing. The shares are held for advisory clients, and voting/dispositive power is shared, which is consistent with an investment adviser relationship rather than an activist control attempt. The certification asserts ordinary-course ownership and no intent to influence control. For investors, this disclosure marks a substantial ownership concentration that could affect liquidity and shareholder dynamics, but the filing contains no plans, transactions, or change-of-control statements.
TL;DR: Reporting shows a significant passive stake with shared voting power; no governance actions disclosed.
The Schedule 13G classification and the text of Item 10 indicate the position is reported as being held in the ordinary course of business and not for control purposes. Shared voting and dispositive power are reported at 1,619,932 shares, and the filing specifically disclaims beneficial ownership beyond pecuniary interest. There is no identification of a group, no proposed board nominations, and no other governance intentions. From a governance perspective, the filing provides transparency on ownership concentration but does not itself indicate planned engagement or a shift in control.