BIGLARI HOLDINGS INC. (NYSE:BH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
On October 31, 2019, the board of directors of the Company (the “Board”) approved an increase in the size of the Board to six directors and appointed John Garrett Cardwell to the Board and to the audit committee of the Board.
Mr. Cardwell, age 73, was employed by Johnson Controls, Inc., a global diversified technology and industrial leader, for 22 years until his retirement in 2008.
There are no related party transactions between the Company and Mr. Cardwell that would require disclosure under Item 404(a) of Regulation S-K under the Securities Act of 1933.
About BIGLARI HOLDINGS INC. (NYSE:BH)
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc. (Steak n Shake) and Western Sizzlin Corporation (Western). Steak n Shake is engaged in the ownership, operation and franchising of Steak n Shake restaurants. Western is engaged primarily in the franchising of restaurants. The Company’s insurance business consists of First Guard Insurance Company and its agency, 1st Guard Corporation. First Guard is a direct underwriter of commercial trucking insurance, selling physical damage and non-trucking liability insurance to truckers. Its media business consists of Maxim. Maxim’s business lies principally in media and licensing.
