Home / Companies / BIGLARI HOLDINGS INC. / 16 Apr 2025
BIGLARI HOLDINGS INC.: meeting of 16 Apr 2025
Votes reported on Form N-PX, item by item
57 Form N-PX filers reported votes at the BIGLARI HOLDINGS INC. meeting of 16 Apr 2025. Their records fall into 6 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
5 nominees; 15.9% of reported votes for; 13 filers withheld from or voted against at least one nominee.
170 vote records from 15 filers. 12 of the 15 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
67 vote records from 44 filers. 3 of the 40 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Frequency of the say-on-pay vote
one year: 23 filers; three years: 14 filers; 3-yr: 1 filer; none: 1 filer; for: 1 filer.
65 vote records from 42 filers. 23 of the 39 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
34 vote records from 15 filers. 0 of the 15 filers that marked the item either way voted against management.
CORPORATE GOVERNANCEIssuer
CORPORATE GOVERNANCE: management items
Management items in this category are shown together; filers word and number them differently.
7 vote records from 4 filers. No filer marked a management recommendation, so no against-management figure is reported. 4 filers reported this item without a management mark.
OTHERIssuer
OTHER: management items
Management items in this category are shown together; filers word and number them differently.
15 vote records from 12 filers. No filer marked a management recommendation, so no against-management figure is reported. 12 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Pay-vote frequency | 4. Auditor |
|---|---|---|---|---|
| Vanguard | For | For | Split or no vote * | For |
| BlackRock and iShares | No report | For | Split or no vote * | No report |
| Fidelity | For | For | Split or no vote * | For |
| Dimensional | Abstain or withhold * | For | Split or no vote | For |
| State Street and SPDR | No report | For | Split or no vote * | No report |
| American Century | Abstain or withhold * | For | Split or no vote * | For |
| Equitable | Abstain or withhold * | For | Split or no vote | For |
| John Hancock and Manulife | Abstain or withhold * | For | Split or no vote | For |
| Goldman Sachs | No report | Split or no vote | Split or no vote | No report |
| PGIM and Prudential | Abstain or withhold * | For | Split or no vote | For |
| Jackson National funds | Abstain or withhold * | For | Split or no vote | For |
| Northern Trust and FlexShares | No report | For | Split or no vote * | No report |
| SEI | No report | Against * | Split or no vote * | No report |
| Lincoln Financial | Abstain or withhold * | For | Split or no vote | For |
| BNY Mellon | No report | For | Split or no vote * | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the BIGLARI HOLDINGS INC. meeting?
57 Form N-PX filers reported votes at the meeting of 16 Apr 2025. On say-on-pay, 3 of 40 voted against management (7.5%). The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by BIGLARI HOLDINGS INC. on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for BIGLARI HOLDINGS INC.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing BIGLARI HOLDINGS INC. with a meeting date within three days of 16 Apr 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.