#United States #Cracker Barrel #Lebanon #Julie Masino #Gilbert Dávila

Cracker Barrel Shareholders Show Strong Support for Leadership

On November 20, 2025, Cracker Barrel Old Country Store, Inc. announced that its shareholders demonstrated considerable support during the voting process at the recent Annual Meeting. The preliminary vote count revealed that an impressive 9 out of 10 nominated directors were elected to the Board, showcasing a strong alignment between the company and its investors. Households across America have recognized the value of Cracker Barrel’s leadership, with CEO Julie Masino among those elected, alongside esteemed independent directors including Carl Berquist and Jody Bilney.

In a notable development during the meeting, independent director Gilbert Dávila resigned, resulting in a reduction of the Board from ten to nine members. This strategic decision is viewed as a step towards streamlining company governance and ensuring a higher level of focused leadership. Masino and the remaining Board members expressed gratitude for the support given by shareholders, emphasizing their commitment to continuing Cracker Barrel's long-standing tradition of providing family-friendly hospitality and high-quality food.

A Vote of Confidence

The preliminary results not only reflected support for the board nominees but also indicated that shareholders approved the other proposals presented at the meeting. This includes amendments to Cracker Barrel's bylaws which the Board instituted in response to feedback received from shareholders during a previous proxy contest. The Board stated that such amendments were designed to enhance shareholder ability to nominate directors, which they believe is essential for protecting shareholder interests against potential misuse in proxy systems.

Cracker Barrel's leadership team released a statement acknowledging the trust bestowed upon them by shareholders, ensuring them that the company will continue its mission to provide a welcoming environment symbolized by its 'front porch of America' concept. They highlighted the commitment to foster a wholesome family experience rooted in quality and warmth while also focusing on growth and value enhancement strategies for shareholders.

Acknowledging Past Contributions

The meeting also served as an opportunity to thank Dávila for his five years of dedicated service. His insights and oversight were instrumental in the development of Cracker Barrel's strategic direction and he was particularly noted for his adept leadership in the Compensation Committee. The management acknowledged Dávila’s contributions, wishing him well in his future endeavors.

Moving Forward with Strength

Looking ahead, Cracker Barrel’s team remains steadfast in their commitment to operational excellence and maintaining the company’s heritage. They reiterated their focus on serving high-quality meals and optimizing guest experiences. The Board was enthusiastic about the company returning to a growth trajectory and is determined to enhance shareholder value in a sustainable manner.

As the results are classified as preliminary pending certification by the independent Inspector of Elections, Cracker Barrel intends to disclose the final results through formal communications to the Securities and Exchange Commission (SEC).

Cracker Barrel continues to be a cherished dining option in America. Since its founding in 1969, it has worked to uphold values of generosity, warmth, and tradition that define the true spirit of country hospitality. With approximately 660 locations across 43 states, each restaurant brings together communities around the table, creating memorable dining experiences that are truly one-of-a-kind.

Conclusion

In conclusion, the preliminary voting outcomes signal a robust endorsement of Cracker Barrel's leadership and strategic initiatives from its shareholders. The collective decisions made during the Annual Meeting showcase a unified vision for the company's future, ensuring that Cracker Barrel remains a staple within the American culinary landscape for years to come.