Summary

Biglari Capital calls on Jack in the Box shareholders to vote AGAINST Chairman David Goebel, blaming an entrenched board for ~75% TSR destruction, repeated CEO/CFO turnover, failed capital allocation (Del Taco loss), deteriorating operations, and a weak “Jack on Track” plan focused on cuts rather than growth. Governance and turnaround leadership are deemed inadequate.

Company Name: Jack in the Box Inc.
Symbol: JACK
Filing Date: Feb-02-2026
Filer Name: Biglari Capital Corp

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Biglari Capital Corp - Feb-02-2026.pdf
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Source: https://www.sec.gov/Archives/edgar/data/807882/000092189526000198/ex1todfan14a08106006_020226.pdf