Cracker Barrel Shareholders Show Strong Support for the Company's Director Nominees and Bylaw Amendments, Per Preliminary Results

Core Points - Cracker Barrel's shareholders voted to elect 9 out of 10 nominees to the Board of Directors during the 2025 Annual Meeting, including CEO Julie Masino [1][3] - The preliminary voting results showed strong support for all proposals, including amendments to the bylaws and executive compensation plans [2][3] - The Board expressed gratitude for shareholder trust and emphasized their commitment to enhancing value and returning the company to growth [5][4] Board Composition - The Board has reduced its size from 10 to 9 directors following the resignation of independent director Gilbert Dávila [1][4] - The elected directors include independent members Carl Berquist, Jody Bilney, Stephen Bramlage, John Garratt, Michael Goodwin, Cheryl Henry, Gisel Ruiz, and Darryl "Chip" Wade [1] Shareholder Engagement - The Board acknowledged the support for bylaw amendments made in response to shareholder feedback from a previous proxy contest with Biglari Capital [4] - The amendments are designed to preserve shareholders' rights to nominate and vote for directors while protecting against proxy system abuses [4] Company Vision - Cracker Barrel aims to maintain its heritage of family-oriented hospitality and high-quality food while focusing on growth and shareholder value [5] - The company operates approximately 660 locations across 43 states and owns the fast-casual Maple Street Biscuit Company [10]