BIGLARI CAPITAL URGES ALL JACK IN THE BOX SHAREHOLDERS TO VOTE AGAINST DAVID GOEBEL -- TODAY

Core Viewpoint - Biglari Capital Corp. urges shareholders to vote against the re-election of Chairman David Goebel due to significant shareholder losses during his tenure [1][2][4] Group 1: Shareholder Value Loss - Under David Goebel's leadership, JACK shareholders have lost approximately $1.8 billion in shareholder value [2] - In the last five years, JACK's value decreased by 80%, while Mr. Goebel received $1.5 million in total compensation [3] Group 2: Accountability and Change - The company has spent $5 million to defend Mr. Goebel's directorship, which is seen as a misuse of shareholder capital [3][4] - Removing Mr. Goebel could lead to meaningful discussions in the boardroom and a potential positive market reaction, signaling a shift towards accountability [5] Group 3: Financial Distress Risks - One more year of Mr. Goebel's influence could risk pushing JACK into further financial distress, as the company has already suspended dividends and closed 150-200 stores [6]