ISS Recommends Shareholders Vote on Cracker Barrel's WHITE Proxy Card and "WITHHOLD" on Milena Alberti-Perez and Sardar Biglari
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ISS and Glass Lewis recommend Cracker Barrel shareholders vote on the WHITE proxy card and withhold support for Milena Alberti-Perez and Sardar Biglari due to lack of experience and poor governance track record. Cracker Barrel urges support for its 10 nominees.
November 11, 2024 | 1:15 pm
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POSITIVE IMPACT
ISS and Glass Lewis recommend Cracker Barrel shareholders vote on the WHITE proxy card, withholding support for Alberti-Perez and Biglari. This could influence shareholder decisions and impact governance.
The recommendations from ISS and Glass Lewis are influential in shareholder voting decisions. Their advice to withhold support from certain nominees and vote on the WHITE proxy card aligns with Cracker Barrel's interests, potentially leading to favorable governance outcomes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Sardar Biglari, associated with BH, is advised against by ISS and Glass Lewis for Cracker Barrel's board due to poor governance track record. This may affect BH's influence in Cracker Barrel.
Biglari's poor governance track record and the recommendation against his nomination could diminish his influence in Cracker Barrel, potentially affecting BH's strategic interests.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70