# EDGAR Filing Document

**Accession Number:** 0001726173
**File Stem:** 0000921895-25-002860
**Filing Date:** 2025-11
**Character Count:** 49720
**Document Hash:** 5313a001a158b8b0258947ed29a4ebb6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-002860.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0000921895-25-002860

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JACK IN THE BOX INC
- **CENTRAL INDEX KEY:** 0000807882
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 952698708
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0928

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-38880
- **FILM NUMBER:** 251445110

**BUSINESS ADDRESS:**
- **STREET 1:** 9357 SPECTRUM CENTER BLVD
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92123-1516
- **BUSINESS PHONE:** 8585712121

**MAIL ADDRESS:**
- **STREET 1:** 9357 SPECTRUM CENTER BLVD
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92123-1516

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JACK IN THE BOX INC /NEW/
- **DATE OF NAME CHANGE:** 19991013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FOODMAKER INC /DE/
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Biglari Holdings Inc.
- **CENTRAL INDEX KEY:** 0001726173
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 823784946
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 19100 RIDGEWOOD PKWY, SUITE 1200
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78259
- **BUSINESS PHONE:** 210-344-3400

**MAIL ADDRESS:**
- **STREET 1:** 19100 RIDGEWOOD PKWY, SUITE 1200
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78259

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NBHSA Inc.
- **DATE OF NAME CHANGE:** 20171221

## Exhibit 99.1

Exhibit 99.1

**JOINT FILING AND SOLICITATION AGREEMENT**

WHEREAS, certain of the undersigned are stockholders, direct or beneficial, of Jack in the Box Inc., a Delaware corporation (the "<u>Company</u>"); and

WHEREAS, The Lion Fund, L.P., a Delaware limited partnership, The Lion Fund II, L.P., a Delaware limited partnership, Biglari Capital Corp., a Texas limited liability company, First Guard Insurance Company, an Arizona corporation, Southern Pioneer Property and Casualty Insurance Company, an Arkansas corporation, Biglari Reinsurance Ltd., a Bermuda corporation, Biglari Insurance Group Inc., a Delaware Corporation, Steak n Shake Inc., an Indiana corporation, Western Sizzlin Corporation, a Delaware corporation, Biglari Holdings Inc., an Indiana corporation and Sardar Biglari (collectively, "<u>Biglari</u>"), and Douglas Thompson (the "<u>Outside Nominee</u>") wish to form a group for the purpose of (i) seeking representation on the Board of Directors of the Company (the "<u>Board</u>") at the 2026 annual meeting of stockholders of the Company (including any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof, the "<u>Annual Meeting</u>"), (ii) soliciting proxies for the election of certain persons nominated for election to the Board at the Annual Meeting (including those nominated by or on behalf of Biglari), (iii) taking all other action necessary to achieve the foregoing and (iv) taking any other actions the Group (as defined below) determines to undertake in connection with their respective investment in the Company (collectively, the "<u>Purposes</u>").

NOW, IT IS AGREED, this 31<sup>st</sup> day of October 2025 by the parties hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), each of the undersigned (collectively, the "<u>Group</u>") agrees to the joint filing on behalf of each of them of statements on Schedule 13D, and any amendments thereto, with respect to the securities of the Company to the extent required by applicable law. Each member of the Group shall be responsible for the accuracy and completeness of his, her or its own disclosure therein, and is not responsible for the accuracy and completeness of the information concerning the other members, unless such member knows or has reason to know that such information is inaccurate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.So long as this agreement is in effect, the Outside Nominee shall provide written notice to Olshan Frome Wolosky LLP ("<u>Olshan</u>") of (i) any of his purchases or sales of securities of the Company; or (ii) any securities of the Company over which he acquires or disposes of beneficial ownership. Notice shall be given no later than 24 hours after each such transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.So long as this agreement is in effect, the Outside Nominee agrees to provide Biglari advance written notice prior to effecting any purchase, sale, acquisition or disposition of any securities of the Company which he has, or would have, direct or indirect beneficial ownership so that Biglari has an opportunity to review the potential implications of any such transaction in the securities of the Company and pre-clear any such potential transaction in the securities of the Company by the Outside Nominee. The Outside Nominee agrees that he shall not undertake or effect any purchase, sale, acquisition or disposition of any securities of the Company without the prior written consent of Biglari. For purposes of this agreement, the term "<u>beneficial ownership</u>" shall have the meaning of such term set forth in Rule 13d-3 under the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Each of the undersigned agrees to form the Group for the Purposes as set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.Biglari shall have the right to pre-approve all expenses incurred in connection with the Group's activities and agrees to pay directly all such pre-approved expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.Each of the undersigned agrees that any SEC filing, press release or shareholder communication proposed to be made or issued by the Group or any member of the Group in connection with the Group's activities set forth in Section 4 shall be first approved by Biglari.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.The relationship of the parties hereto shall be limited to carrying on the business of the Group in accordance with the terms of this agreement. Such relationship shall be construed and deemed to be for the sole and limited purpose of carrying on such business as described herein. Nothing herein shall be construed to authorize any party to act as an agent for any other party, or to create a joint venture or partnership, or to constitute an indemnification. Except as otherwise provided herein, nothing herein shall restrict any party's right to purchase or sell securities of the Company, as he, she or it deems appropriate, in his, her or its sole discretion, provided that all such purchases and sales are made in compliance with all applicable securities laws and the provisions of this agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.This agreement may be executed in counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute but one and the same instrument, which may be sufficiently evidenced by one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.This agreement is governed by and will be construed in accordance with the laws of the State of New York. In the event of any dispute arising out of the provisions of this agreement or their investment in the Company, the parties hereto consent and submit to the exclusive jurisdiction of the United States District Court for the Southern District of New York located in the Borough of Manhattan or the courts of the State of New York located in the County of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.The parties' rights and obligations under this agreement (other than the rights and obligations set forth in Section 5 and Section 9, which shall survive any termination of this agreement) shall terminate upon the earlier to occur of (i) the certification of the results of the Annual Meeting or (ii) Biglari providing written notice of termination to the other parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.Each party hereby waives the application of any law, regulation, holding, or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.Each party acknowledges that Olshan shall act as counsel for both the Group and Biglari and its affiliates relating to their investment in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.Each of the undersigned parties hereby agrees that this agreement shall be filed as an exhibit to a Schedule 13D pursuant to Rule 13d-1(k)(1)(iii) under the Exchange Act.

IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed as of the day and year first above written.

---

| | |
|:---|:---|
| &nbsp;&nbsp;THE LION FUND, L.P. | &nbsp;&nbsp;THE LION FUND, L.P. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;BIGLARI CAPITAL CORP., its General Partner |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Chairman and Chief Executive Officer |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;THE LION FUND II, L.P. | &nbsp;&nbsp;THE LION FUND II, L.P. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;BIGLARI CAPITAL CORP., its General Partner |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Chairman and Chief Executive Officer |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;BIGLARI CAPITAL CORP. | &nbsp;&nbsp;BIGLARI CAPITAL CORP. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Chairman and Chief Executive Officer |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;FIRST GUARD INSURANCE COMPANY | &nbsp;&nbsp;FIRST GUARD INSURANCE COMPANY |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Authorized Signatory |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;SOUTHERN PIONEER PROPERTY AND CASUALTY INSURANCE COMPANY | &nbsp;&nbsp;SOUTHERN PIONEER PROPERTY AND CASUALTY INSURANCE COMPANY |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Authorized Signatory |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;BIGLARI REINSURANCE LTD. | &nbsp;&nbsp;BIGLARI REINSURANCE LTD. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Authorized Signatory |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;BIGLARI INSURANCE GROUP INC. | &nbsp;&nbsp;BIGLARI INSURANCE GROUP INC. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Authorized Signatory |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;STEAK N SHAKE INC. | &nbsp;&nbsp;STEAK N SHAKE INC. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Chief Executive Office |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;WESTERN SIZZLIN CORPORATION | &nbsp;&nbsp;WESTERN SIZZLIN CORPORATION |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: President |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;BIGLARI HOLDINGS INC. | &nbsp;&nbsp;BIGLARI HOLDINGS INC. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: Sardar Biglari |
|  | &nbsp;&nbsp;Title: Chairman and Chief Executive Officer |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Sardar Biglari |
| &nbsp;&nbsp;SARDAR BIGLARI |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Douglas Thompson |
| &nbsp;&nbsp;DOUGLAS THOMPSON |

---

## Exhibit 99.2

Exhibit 99.2

**POWER OF ATTORNEY**

Know all by these presents, that the undersigned hereby constitutes and appoints Sardar Biglari the undersigned's true and lawful attorney-in-fact to take any and all action in connection with (i) the undersigned's beneficial ownership of, or participation in a group with respect to, securities of Jack in the Box Inc., a Delaware corporation (the "Company"), directly or indirectly beneficially owned by Biglari Capital Corp. or any of its affiliates (collectively, the "Group"), and (ii) any proxy solicitation of the Group to elect the Group's slate of director nominees to the board of directors of the Company at the 2026 annual meeting of stockholders of the Company (the "Solicitation"). Such action shall include, but not be limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.executing for and on behalf of the undersigned any Schedule 13D, and amendments thereto, filed by the Group that are required to be filed under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.if applicable, executing for and on behalf of the undersigned all Forms 3, 4 and 5 required to be filed under Section 16(a) of the Exchange Act in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.executing for and on behalf of the undersigned all Joint Filing and Solicitation Agreements or similar documents pursuant to which the undersigned shall agree to be a member of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.performing any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such document, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.taking any other action of any type whatsoever in connection with the Solicitation, including entering into any agreement with the Company, that in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13(d), Section 16 or Section 14 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer a member of the Group unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 31<sup>st</sup> day of October 2025.

---

| |
|:---|
| &nbsp;&nbsp; /s/ Douglas Thompson |
| &nbsp;&nbsp;**Name: DOUGLAS Thompson** |

---

## Exhibit 99.3

Exhibit 99.3

**BIGLARI CAPITAL CORP.**

**19100 Ridgewood Parkway, Suite 1200**

**San Antonio, Texas 78259**

Douglas Thompson

6666 E. Cheney Drive

Paradise Valley, Arizona 85253

October 31, 2025

---

| | |
|:---|:---|
| **Re:** | **Jack in the Box Inc.** |

---

Dear Mr. Thompson:

Thank you for agreeing to serve as a nominee for election to the Board of Directors of Jack in the Box Inc. (the "Company") in connection with the proxy solicitation that Biglari Capital Corp. and certain of its affiliates (collectively, the "Biglari Group") is considering undertaking to nominate and elect directors at the Company's 2026 annual meeting of stockholders, or any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof (the "Biglari Group Solicitation"). Your outstanding qualifications, we believe, will prove a valuable asset to the Company and all of its stockholders. This letter (this "Agreement") will set forth the terms of our agreement.

The members of the Biglari Group agree to jointly and severally indemnify and hold you harmless against any and all claims of any nature, whenever brought, arising from the Biglari Group Solicitation and any related transactions, irrespective of the outcome; <u>provided</u>, <u>however</u>, that you will not be entitled to indemnification for claims arising from your gross negligence, willful misconduct, intentional and material violations of law, criminal actions or material breach of the terms of this Agreement; <u>provided further</u>, that upon your becoming a director of the Company, this indemnification shall not apply to any claims made against you in your capacity as a director of the Company. This indemnification will include any and all losses, liabilities, damages, demands, claims, suits, actions, judgments, or causes of action, assessments, costs and expenses, including, without limitation, interest, penalties, reasonable attorneys' fees, and any and all reasonable costs and expenses incurred in investigating, preparing or defending against any litigation, commenced or threatened, any civil, criminal, administrative or arbitration action, or any claim whatsoever, and any and all amounts paid in settlement of any claim or litigation asserted against, resulting, imposed upon, or incurred or suffered by you, directly or indirectly, as a result of or arising from the Biglari Group Solicitation and any related transactions (each, a "Loss").

In the event of a claim against you pursuant to the prior paragraph or the occurrence of a Loss, you shall give the Biglari Group prompt written notice of such claim or Loss (provided that failure to promptly notify the Biglari Group shall not relieve us from any liability which we may have on account of this Agreement, except to the extent we shall have been materially prejudiced by such failure). Upon receipt of such written notice, the Biglari Group will provide you with counsel to represent you. Such counsel shall be reasonably acceptable to you. In addition, you will be reimbursed promptly for all Losses suffered by you and as incurred as provided herein. The Biglari Group may not enter into any settlement of loss or claim without your consent unless such settlement includes a release of you from any and all liability in respect of such claim.

You hereby agree to keep confidential and not disclose to any party, without the consent of the Biglari Group, any confidential, proprietary or non-public information (collectively, "Information") of the Biglari Group, its affiliates or any members of any group formed by the Biglari Group pursuant to Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended ("Schedule 13D Group"), which you have heretofore obtained or may obtain in connection with your service as a nominee hereunder. Notwithstanding the foregoing, Information shall not include any information that is publicly disclosed by the Biglari Group, its affiliates or any members of any Schedule 13D Group or any information that you can demonstrate is now, or hereafter becomes, through no act or failure to act on your part, otherwise generally known to the public.

Notwithstanding the foregoing, if you are required by applicable law, rule, regulation or legal process to disclose any Information you may do so provided that you first promptly notify the Biglari Group so that the Biglari Group or any member thereof may seek a protective order or other appropriate remedy or, in the Biglari Group's sole discretion, waive compliance with the terms of this Agreement. In the event that no such protective order or other remedy is obtained or the Biglari Group does not waive compliance with the terms of this Agreement, you may consult with counsel at the cost of the Biglari Group and you may furnish only that portion of the Information which you are advised by counsel is legally required to be so disclosed and you will request that the party(ies) receiving such Information maintain it as confidential.

All Information, all copies thereof, and any studies, notes, records, analysis, compilations or other documents prepared by you containing such Information, shall be and remain the property of the Biglari Group and, upon the request of a representative of the Biglari Group, all such Information shall be returned or, at the Biglari Group's option, destroyed by you, with such destruction confirmed by you to the Biglari Group in writing.

This Agreement shall be governed by the laws of the State of New York, without regard to the principles of the conflicts of laws thereof.

**\* \* \***

If you agree to the foregoing terms, please sign below to indicate your acceptance.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Very truly yours,<br>THE LION FUND, L.P. | &nbsp;&nbsp; Very truly yours,<br>THE LION FUND, L.P. | &nbsp;&nbsp; Very truly yours,<br>THE LION FUND, L.P. |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;Biglari Capital Corp., its general partner | &nbsp;&nbsp;Biglari Capital Corp., its general partner |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Sardar Biglari | &nbsp;&nbsp; /s/ Sardar Biglari |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Sadar Biglari |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Chairman and Chief Executive Officer |

---

---

| |
|:---|
| &nbsp;&nbsp;**ACCEPTED AND AGREED:** |
| &nbsp;&nbsp; /s/ Douglas Thompson |
| &nbsp;&nbsp;**DOUGLAS THOMPSON** |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**JACK IN THE BOX INC**

*(Name of Issuer)*

**Common Stock**

*(Title of Class of Securities)*

**466367109**

*(CUSIP Number)*

**Sardar Biglari**<br>Biglari Holdings Inc.<br>19100 Ridgewood Pkwy, Suite 1200<br>San Antonio TX 78259<br>210-344-3400

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/31/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Biglari Holdings Inc.** | Name of reporting person<br>**Biglari Holdings Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**INDIANA** | Citizenship or place of organization<br>**INDIANA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**200617.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**200617.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**200617.00** | Aggregate amount beneficially owned by each reporting person<br>**200617.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.1%** | Percent of class represented by amount in Row (11)<br>**1.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**LION FUND, L.P.** | Name of reporting person<br>**LION FUND, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**542700.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**542700.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**542700.00** | Aggregate amount beneficially owned by each reporting person<br>**542700.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.9%** | Percent of class represented by amount in Row (11)<br>**2.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**LION FUND II, L.P.** | Name of reporting person<br>**LION FUND II, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1140952.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1140952.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1140952.00** | Aggregate amount beneficially owned by each reporting person<br>**1140952.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.0%** | Percent of class represented by amount in Row (11)<br>**6.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Southern Pioneer Property & Casualty Insurance Company** | Name of reporting person<br>**Southern Pioneer Property & Casualty Insurance Company** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ARKANSAS** | Citizenship or place of organization<br>**ARKANSAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**106317.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**106317.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**106317.00** | Aggregate amount beneficially owned by each reporting person<br>**106317.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.6%** | Percent of class represented by amount in Row (11)<br>**0.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IC** | Type of Reporting Person (See Instructions)<br>**IC** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**First Guard Insurance Company** | Name of reporting person<br>**First Guard Insurance Company** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ARIZONA** | Citizenship or place of organization<br>**ARIZONA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**21900.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**21900.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21900.00** | Aggregate amount beneficially owned by each reporting person<br>**21900.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.1%** | Percent of class represented by amount in Row (11)<br>**0.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IC** | Type of Reporting Person (See Instructions)<br>**IC** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Biglari Reinsurance Ltd.** | Name of reporting person<br>**Biglari Reinsurance Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D0** | Citizenship or place of organization<br>**D0** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**148217.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**148217.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**148217.00** | Aggregate amount beneficially owned by each reporting person<br>**148217.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.8%** | Percent of class represented by amount in Row (11)<br>**0.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Biglari Insurance Group Inc.** | Name of reporting person<br>**Biglari Insurance Group Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**148217.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**148217.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**148217.00** | Aggregate amount beneficially owned by each reporting person<br>**148217.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.8%** | Percent of class represented by amount in Row (11)<br>**0.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Western Sizzlin Corporation** | Name of reporting person<br>**Western Sizzlin Corporation** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**52400.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**52400.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**52400.00** | Aggregate amount beneficially owned by each reporting person<br>**52400.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.3%** | Percent of class represented by amount in Row (11)<br>**0.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BIGLARI CAPITAL CORP.** | Name of reporting person<br>**BIGLARI CAPITAL CORP.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1683652.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1683652.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1683652.00** | Aggregate amount beneficially owned by each reporting person<br>**1683652.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**8.9%** | Percent of class represented by amount in Row (11)<br>**8.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **466367109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BIGLARI, SARDAR** | Name of reporting person<br>**BIGLARI, SARDAR** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1884269.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1884269.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1884269.00** | Aggregate amount beneficially owned by each reporting person<br>**1884269.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.98%** | Percent of class represented by amount in Row (11)<br>**9.98%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock

**(b) Name of Issuer:**
JACK IN THE BOX INC

**(c) Address of Issuer's Principal Executive Offices:**
9357 SPECTRUM CENTER BLVD, SAN DIEGO, CA, 92123-1516

**Item 4. Purpose of Transaction**

Item 4 is hereby amended to add the following:

On October 31, 2025, the Reporting Persons delivered a letter to the Issuer nominating Sardar Biglari and Douglas Thompson for election to the Board at the 2026 annual meeting of shareholders of the Issuer (the "Annual Meeting").

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended to add the following:

On October 31, 2025, the Reporting Persons, Steak 'n Shake Inc. and Mr. Thompson (collectively, the "Participants") entered into a Joint Filing and Solicitation Agreement (the "Joint Filing and Solicitation Agreement") in which, among other things, (i) the Participants agreed to jointly file a statement on Schedule 13D, and any amendments thereto, with respect to securities of the Issuer to the extent required by applicable law, (ii) the Participants agreed to solicit proxies for the election of certain persons nominated for election to the Board at the Annual Meeting (including those nominated by or on behalf of the Reporting Persons), (iii) the Participants agreed to take all other action necessary to achieve the foregoing, and (iv) the Reporting Persons agreed to bear all expenses incurred in connection with the Participants' activities, including approved expenses incurred by any of the parties in connection with the solicitation, subject to certain limitations. The Joint Filing and Solicitation Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Mr. Thompson has granted Mr. Biglari a power of attorney (the "POA") to execute certain SEC filings and other documents in connection with the solicitation of proxies from the Issuer's shareholders in connection with the Annual Meeting. The POA is attached hereto as Exhibit 99.2 and are incorporated herein by reference.

The Lion Fund has signed a letter agreement (the "Indemnification Agreement") with Mr. Thompson, pursuant to which it and its affiliates have agreed to indemnify Mr. Thompson against certain claims arising from the solicitation of proxies from the Issuer's shareholders in connection with the Annual Meeting and any related transactions. For the avoidance of doubt, such indemnification does not apply to any claims made against Mr. Thompson in his capacity as a director of the Issuer, if so elected. The Indemnification Agreement is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Biglari Holdings Inc.

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Chairman and Chief Executive Officer

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** LION FUND, L.P.

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Chairman and Chief Executive Officer of Biglari Capital Corp., its general partner

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** LION FUND II, L.P.

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Chairman and Chief Executive Officer of Biglari Capital Corp., its general partner

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Southern Pioneer Property & Casualty Insurance Company

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Authorized Signatory

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** First Guard Insurance Company

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Authorized Signatory

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Biglari Reinsurance Ltd.

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Chairman and Chief Executive Officer

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Biglari Insurance Group Inc.

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Chairman of the Board

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Western Sizzlin Corporation

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, President

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** BIGLARI CAPITAL CORP.

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari, Chairman and Chief Executive Officer

**Date:** 11/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** BIGLARI, SARDAR

**Signature:** /s/ Sardar Biglari

**Name/Title:** Sardar Biglari

**Date:** 11/03/2025