Biglari Holdings Questions Cracker Barrel's Lack Of Urgency In Addressing Misrepresentations Of Professed Experience Of Incoming Chairman James Bradford
SAN ANTONIO, TX, Oct. 9, 2012 /PRNewswire/ -- Biglari Holdings Inc. (NYSE: BH) today demanded an immediate response to its October 8, 2012 letter delivered to the Board of Directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) regarding public filings and statements made by Cracker Barrel, including Chief Executive Officer Sandra B. Cochran, that emphasize designated Chairman James W. Bradford's former experience as CEO of a New York Stock Exchange-listed company. A public search reveals that Mr. Bradford has never been CEO of a New York Stock Exchange-listed company. It has been over 24 hours since Biglari Holdings sent its letter to Cracker Barrel's Board of Directors identifying this material error in Mr. Bradford's biography. We believe that Cracker Barrel has an obligation to all its shareholders to respond immediately and to inform them whether Cracker Barrel's public filings and statements regarding Mr. Bradford's purported experience are true or false. Moreover, why did the Board and Ms. Cochran believe it was important to emphasize repeatedly Mr. Bradford's purported experience as "a former NYSE company CEO?"
SOURCE Biglari Holdings Inc.