Activist investors push Cracker Barrel shareholders to oust DEI specialist

Activist investor Sardar Biglari intensified his campaign against Cracker Barrel’s leadership, urging shareholders to vote against CEO Julie Felss Masino and board member Gilbert Dávila in the company’s upcoming annual meeting.Two major proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis, also urged shareholders to vote against one or more Cracker Barrel directors over concerns about performance and the company’s controversial August rebrand.ISS and Glass Lewis advised shareholders to vote against Dávila, a marketing and diversity specialist who serves as the chair o