| Officer | Age | In this role | Joined | 2025 pay | Source |
|---|---|---|---|---|---|
|
Sardar Biglari
Also a director
Chairman and CEO
Title from the Form 4 dated Jun 4, 2026
|
48 | Not stated | Not stated | $900,000 | |
|
Bruce Lewis
|
61 | Not stated | 2012 | $1,300,000 |
Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Biglari Capital receives an annual incentive reallocation equal to 25% of net profits above a 6% hurdle rate over the high-water mark; no reallocation was made for 2023, 2024 or 2025
Company contributed $89,115,000 to the investment partnerships and received distributions of $56,000,000 from them in 2025
Service agreement under which the Biglari Entities provide business services to the Company; Company paid service fees of $11,400,000 in 2025 and $9,900,000 in 2024
Employment with Steak n Shake; 2025 compensation
Consulting arrangement with Steak n Shake; amount received from the Company in 2025
Employment with Biglari Reinsurance Ltd; 2025 compensation
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