Sardar Biglari

Steak n Shake owner acquires Maxim magazine

March 1, 2014
Associated Press
Terms of the deal with Biglari Holdings Inc. were not released. The company, headed by CEO Sardar Biglari, says Maxim will continue under its current management team and stay based in New York.
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Federal court to hear Steak n Shake franchisee appeal

May 21, 2012
Scott Olson
The case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing policies. The company's appeal is set to be heard Wednesday by a federal appeals court in Chicago.
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PROXY CORNER: Biglari Holdings Inc.

January 7, 2012
Biglari Holdings Inc. is a San Antonio-based holding company that owns Indianapolis-based Steak n Shake, Roanoke, Va.-based Western Sizzlin and invests in a diverse range of businesses.
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Cracker Barrel rebuffs Biglari

December 20, 2011
 IBJ Staff
Cracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board, but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
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CEO: Steak n Shake poised for global growth

December 13, 2011
Scott Olson
In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.
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Biglari set to make big move on Cracker Barrel

December 9, 2011
Associated Press
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
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Cracker Barrel battling to keep Biglari at bay

October 15, 2011
Greg Andrews
Cracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from taking over the business without negotiating with the board first.
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Will Biglari use Steak n Shake playbook at Cracker Barrel?Restricted Content

July 2, 2011
Greg Andrews
Biglari Holdings began scarfing up Cracker Barrel shares in March and now has amassed a 9.8-percent stake worth $109 million.
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New rules rile Steak n Shake franchiseesRestricted Content

February 5, 2011
Cory Schouten
Franchise owners of Steak n Shake restaurants are revolting against parent company Biglari Holdings Inc. just as the chain plans a nationwide expansion fueled by franchising.
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Biglari's revised incentive package approved by shareholders

November 8, 2010
Anthony Schoettle
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings' shareholders approved a scaled-back bonus agreement for their CEO.
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Biglari shakes up Steak n Shake building formatRestricted Content

October 23, 2010
Cory Schouten
The new prototype design for Steak n Shake restaurants will be smaller, featuring sections of floor-to-ceiling glass and an exterior that throws off a retro vibe, its signage attached to a protruding fin.
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Biglari adjusts controversial pay proposal

October 1, 2010
Cory Schouten
The parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing shareholder approval of the plan at a rescheduled special meeting.
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Steak n Shake parent postpones meeting amid pay uproar

August 10, 2010
Scott Olson
San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company time to address "misinformation" regarding its CEO's controversial pay package.
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Biglari invests $41M in Steak n Shake parent over 2 monthsRestricted Content

July 3, 2010
Cory Schouten
The CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He now controls about 202,000 shares, or 14 percent of the 1.4 million shares outstanding.
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Unorthodox pay package puts Biglari on defensiveRestricted Content

May 15, 2010
Greg Andrews
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style compensation plan for himself late last month that could put staggering sums in his pocket.
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Biglari Holdings targets auto-parts chain

May 3, 2010
Cory Schouten
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
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Biglari's comparisons to Buffett debatedRestricted Content

April 17, 2010
Cory Schouten
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that of the Oracle of Omaha.
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Steak n Shake unveils new restaurant prototype

April 9, 2010
Cory Schouten
The company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants. CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
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UPDATE: Steak n Shake shareholders OK name change

April 8, 2010
Cory Schouten
Steak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares begin trading under the new name on Friday.
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Steak n Shake CEO woos investors in New York City

April 8, 2010
Cory Schouten
Steak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday. But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.
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UPDATE: Steak n Shake confirms new corporate HQ

February 9, 2010
Cory Schouten
The Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming a story in IBJ's Feb. 8 print edition.
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Steak n Shake changing its name, moving HQ to Texas

February 6, 2010
Cory Schouten
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
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Steak n Shake posts profit, plans new corporate name

January 29, 2010
Associated Press
Steak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari Holdings Inc.
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Steak n Shake slashes restaurant spending as CEO hoards cash

January 2, 2010
Cory Schouten
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment for existing ones. In 2009, the locally based chain spent just $5.8 million.
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Biglari was persistent in pressing Western Sizzlin deal

November 23, 2009
Greg Andrews
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure of the $39 million transaction.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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