Jack in the Box Board Wins Proxy Advisory Support Amid Shareholder Activism

Reuters02-17 21:03
Jack in the Box Board Wins Proxy Advisory Support Amid Shareholder Activism

Jack in the Box Inc. announced that leading independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended that shareholders vote "FOR" all 10 of the company's director nominees, including David Goebel, Independent Chair of the Board, at the upcoming 2026 Annual Meeting of Shareholders. The recommendations come amid a campaign by the Biglari Group, led by Sardar Biglari, to nominate alternate directors. Both ISS and Glass Lewis also supported the company's shareholder rights plan, citing its reasonable features and justification in the context of the situation with the Biglari Group.

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