D-Day for Cracker Barrel, Biglari

Shareholders of Cracker Barrel Old Country Store will this morning have their say in the lengthy governance tussle between the company and Sardar Biglari, who owns 18 percent of its shares. To recap, Biglari is contesting the board's recommendations on three fronts: He wants board seats for himself and his No. 2 at Biglari Holdings, he wants investors to vote down the proposed extension of the company's poison pill — they did so last year — as well as the executive compensation plans. Look for some sort of news from the shareholders' meeting around lunch. In the meantime, if you're so inclined, download the company's full proxy here. Biglari's competing proxy is here.