Advisory Firm ISS Rejects Groveland's Attempt To Take Control Of Biglari Board

(RTTNews) - Biglari Holdings Inc. (BH) announced that Institutional Shareholder Services or "ISS", a leading independent proxy voting advisory firm, has recommended that Biglari Holdings' shareholders vote on the Company's BLUEproxy card and affirmatively reject Groveland Capital's attempt to gain control of the Biglari Holdings Board of Directors.

In its report, ISS stated that the dissident slate is "uncompelling, given a paucity of relevant operating or public board experience; an inadequately detailed plan for seamlessly managing the transition and minimizing unintended consequences should they succeed in ousting all incumbent directors, including the CEO; and a lead dissident who would be overboarded should he win election to this board."

Biglari Holdings strongly urged shareholders to ensure that Groveland's nominees do not gain Board control by submitting their voting instructions on the BLUE proxy card "FOR ALL" of the Company's nominees to the Board.