Jack in the Box Inc. is experiencing shareholder activism ahead of its Annual Meeting of Shareholders scheduled for February 27, 2026. The company has urged shareholders to vote for all 10 of its director nominees and support its board's proposals, emphasizing the leadership of Independent Board Chair David Goebel and the recent appointment of Chief Executive Officer Lance Tucker. The board has addressed a "vote no" campaign led by Biglari Capital Corp., headed by Sardar Biglari, characterizing it as a distraction driven by self-interest following the board's decision not to appoint Mr. Biglari. Major shareholder GreenWood Investors, LLC, has expressed support for the company's current strategy, encouraging other shareholders to back the board and management in executing the "JACK on Track" plan. Shareholders of record as of January 2, 2026, are entitled to vote at the annual meeting.

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