Original sentence: A recent shake-up in the company's Board of Directors has taken place.As a result, the Chairman and CEO of the company resigned from his positions with the company.Steak n Shake is a diner-style restaurant chain located throughout the Midwestern and Southern United States.The company currently operates 502 (as of January 2009) restaurants in 21 states, including 66 franchised locations.Value investors Sardar Biglari and Phillip Cooley were recently elected to the Board with well over 70% of the votes cast
Edited sentence: As a result, Biglari is now Chairman of the company.In 2008, there was a shake-up in the company's Board of Directors.Over 400 Steak n Shakes are company-owned and the remaining 100 or so are franchised.Steak n Shake is a 500-unit diner-style restaurant chain located primarily in the Midwestern and Southern United States.The company currently operates 502 (as of January 2009) restaurants in 22 states, including 66 franchised locations.Value investors Sardar Biglari and Phillip Cooley were elected to the Board with well over 70% of the votes cast