Biglari Holdings Inc., through its subsidiaries, engages in operating and franchising restaurants in the United States. Restaurant Operations The company’s restaurant operations’ activities are conducted through two restaurant concepts operated by subsidiaries, such as Steak n Shake Operations, Inc. (Steak n Shake) and Western Sizzlin Corporation (Western). As of September 24, 2014, Steak n Shake operated 416 company-operated restaurants and 124 franchised units. Western operated 4 company-operated restaurants and 71 franchised units. Steak n Shake engages in the ownership, operation, and franchising of Steak n Shake restaurants. Steak n Shake is a classic American brand serving premium burgers and milkshakes. Western engages primarily in franchising restaurants. Western offers signature steak dishes and other classic American menu items. Western also operates other concepts, Great American Steak & Buffet, and Wood Grill Buffet consisting of hot and cold food buffet style dining. Insurance Business The company’s insurance business includes First Guard Insurance Company and its agency, 1st Guard Corporation (collectively ‘First Guard’), which the company acquired in March 2014. First Guard is a direct underwriter of commercial trucking insurance, selling physical damage and nontrucking liability insurance to truckers. Media Business The company’s media business includes Maxim Inc. (Maxim). It acquired certain assets and liabilities of Maxim in February 2014. Maxim is a brand management company whose business lies in media, print and digital, and licensing of products and services. Maxim products are marketed under various registered brand names, including but not limited to, ‘MAXIM’ and ‘Maxim’. Dispositions In July 2013, the company sold its subsidiary, Biglari Capital Corp. History The company was founded in 1934. It was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in 2010.
biglari holdings inc (BH:New York)
17802 IH 10 West
San Antonio, TX 78257
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