{"id":934533,"date":"2026-02-05T11:30:38","date_gmt":"2026-02-05T16:30:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jack-in-the-box-inc-reiterates-confidence-in-jack-on-track-plan-and-commitment-to-maximizing-shareholder-value\/"},"modified":"2026-02-05T11:30:38","modified_gmt":"2026-02-05T16:30:38","slug":"jack-in-the-box-inc-reiterates-confidence-in-jack-on-track-plan-and-commitment-to-maximizing-shareholder-value","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jack-in-the-box-inc-reiterates-confidence-in-jack-on-track-plan-and-commitment-to-maximizing-shareholder-value\/","title":{"rendered":"Jack in the Box Inc. Reiterates Confidence in \u201cJACK on Track\u201d Plan and Commitment to Maximizing Shareholder Value"},"content":{"rendered":"

<\/p>\n

Jack in the Box Inc. Reiterates Confidence in \u201cJACK on Track\u201d Plan and Commitment to Maximizing Shareholder Value<\/b><\/p>\n

Urges Shareholders to Vote \u201cFOR\u201d<\/b> all 10 of Jack in the Box\u2019s Director Nominees, including <\/i>David Goebel, Independent Chair of the Jack in the Box Board, on the WHITE<\/b> Proxy Card<\/i><\/p>\n

Visit <\/i>www.KeepJackonTrack.com<\/i><\/a> for More Information<\/i><\/p>\n

SAN DIEGO, Calif.–(BUSINESS WIRE<\/a>)–
\nJack in the Box Inc. (\u201cJack in the Box\u201d or the \u201cCompany\u201d) (NASDAQ: JACK), today mailed a letter to shareholders in connection with its upcoming Annual Meeting of Shareholders scheduled to be held on February 27, 2026 (the \u201cAnnual Meeting\u201d). Shareholders of record as of January 2, 2026 will be entitled to vote at the Annual Meeting.<\/p>\n

\nIn the letter, the Company highlights actions taken by Jack in the Box\u2019s strengthened Board in advancing the Company\u2019s \u201dJACK on Track\u201d plan, aimed at improving long-term financial performance, strengthening the balance sheet, and positioning the Company for sustainable growth. Further, in light of the \u201cvote no\u201d campaign launched by Biglari Capital Corp. (collectively with the participants in its solicitation, including Sardar Biglari, the \u201dBiglari Group\u201d), the letter urges shareholders to vote \u201cFOR\u201d <\/b>all 10 of Jack in the Box\u2019s director nominees, including David Goebel, Independent Chair of the Jack in the Box Board, on the WHITE<\/b> proxy card. Mr. Goebel brings critical expertise to Jack in the Box as one of the most qualified franchise executives in the quick-service restaurant and casual dining sector along with deep institutional knowledge of the Company, and his removal from the Board would jeopardize the continued successful execution of \u201cJACK on Track\u201d as well as the value of shareholders\u2019 investments in Jack in the Box.<\/p>\n

\nThe full text of the letter follows:<\/p>\n

\nDear Fellow Shareholders,<\/p>\n

\nThe 2026 Annual Meeting of Shareholders (the \u201cAnnual Meeting\u201d) of Jack in the Box Inc. (the \u201cCompany\u201d or \u201cJack in the Box\u201d) is coming up on February 27, 2026, and we are writing to ask you to vote \u201cFOR\u201d ALL<\/b>10<\/b> of the Company\u2019s highly qualified director nominees and \u201cFOR\u201d<\/b> each of the Company\u2019s proposals on the WHITE<\/b> proxy card.<\/p>\n

\nYour Board is excited about the future of the Company and its ability to build on the momentum the team has generated throughout the past year. Under the direction of the Company\u2019s new Chief Executive Officer Lance Tucker, Jack in the Box is executing a multi-faceted \u201cJACK on Track\u201d plan, aimed at improving long-term financial performance, strengthening the balance sheet, and positioning the Company for sustainable growth. The hard work is being done, tough measures are being taken \u2013and we are making progress<\/span><\/b>. While we recognize that much work remains, we believe that we are now building the strong foundation needed to maximize value for shareholders in the years ahead and we have to remain focused on continuing this critical process.<\/p>\n

\nDespite this progress, Biglari Capital Corp. (collectively with the participants in its solicitation, including Sardar Biglari, the \u201dBiglari Group\u201d) is asking shareholders to vote against the re-election of David Goebel, Independent Chair of the Jack in the Box Board. We believe voting against Mr. Goebel would be detrimental to shareholders, potentially depriving the Board of the critical expertise that Mr. Goebel brings to the Company as one of the most qualified franchise executives in the quick-service restaurant and casual dining sector, and jeopardizing the successful execution of our \u201cJACK on Track\u201d plan.<\/p>\n

\nImportantly, members of the Board and management team have held numerous meetings with representatives of the Biglari Group, including Mr. Biglari, over many months as part of our commitment to constructive shareholder engagement. During these discussions, the Board evaluated the candidacy of Mr. Biglari for our Board at his request and ultimately determined he was not well suited to serve as a director. Although our Board continued to pursue constructive engagement, the Biglari Group instead launched a distracting proxy contest, nominating Mr. Biglari and another director candidate to the Board. While the Biglari Group ultimately withdrew both of its candidates, your Board continued to engage in good faith to identify a path toward a mutually agreeable outcome that would be in the best interests of our shareholders. Despite the Board\u2019s efforts, the Biglari Group has now launched a \u201cvote no\u201d campaign against Mr. Goebel, which we believe is intended to advance the Biglari Group\u2019s own interests rather than those of all Jack in the Box shareholders.<\/p>\n

\nJack in the Box currently benefits from a strong, experienced Board comprising ten proven directors \u2013 nine of whom are independent \u2013 and all of whom are dedicated to driving shareholder value as Jack in the Box continues its transformation. In collaboration with another Jack in the Box shareholder, we recently refreshed the Board by adding two directors who bring expertise in restaurants, retail, and real estate \u2013 especially in California. We believe that removing the Chair of our Board as a result of the Biglari Group\u2019s campaign would significantly weaken the Board\u2019s ability to oversee our execution of \u201cJACK on Track\u201d and put the future value of your investment at risk.<\/p>\n

\u201cJACK on Track\u201d: Unlocking the Future of Jack in the Box<\/b><\/p>\n

\nFor 75 years, Jack in the Box has grown through strong franchisees, loyal customers, and talented team members. By late 2024, however, the Company\u2019s focus on these fundamentals had wavered as it faced macroeconomic and unique industry headwinds putting pressure on Jack in the Box\u2019s business and core consumer base.<\/p>\n

\nTo restore focus and capitalize on our strengths, the Board appointed Lance Tucker as Chief Executive Officer in March 2025. Mr. Tucker is an experienced business leader with decades of restaurant experience including as Chief Financial Officer at Davidson Hospitality Group, CKE Restaurants, and Papa John\u2019s International, where he also served as Chief Administrative Officer. His financial expertise and decades of experience within the restaurant industry, including prior executive roles at Jack in the Box, make him the right person to lead the Company through its next phase. Mr. Tucker has assembled a seasoned management team, including a new Chief Financial Officer and Chief Operating Officer, focused on restoring what makes the brand special. In April 2025, soon after Mr. Tucker\u2019s appointment, the Board approved the \u201cJACK on Track\u201d plan, built on three priorities:<\/p>\n