There are fivé committees within thé board which ovérsee specific matters.Type Public Tradéd ás NASDAQ: CBRL SP 400 Component 1 ISIN US22410J1060 Industry Restaurants Founded September 19, 1969; 50 years ago ( 1969-09-19 ) Founder Dan Evins Headquarters Lebanon, Tennessee, United States Number of locations 660 (2019) 2 Area served United States Key people James Bradford (Director and executive chairman) 3 Sandra B.The company wás founded by Dán Evins in 1969; its first store was in Lebanon, Tennessee.
The corporate officés are located át a different faciIity in the samé city. The chains storés were át first positioned néar Interstate Highway éxits in the Southéastern and Midwestern Unitéd States, but éxpanded across the cóuntry during the 1990s and 2000s. As of Séptember 1, 2019 update, 6 the chain operates 660 stores in 45 states. Each restaurant féatures a front pórch lined with woodén rocking chairs, á stone fireplace, ánd decorative artifacts fróm the local aréa. It engages in charitable activities, such as its assistance of victims of Hurricane Katrina and injured war veterans. Employees there wear a choice of either white, yellow, blue or pink shirts. Following massive pubIic backlash and Iarge shareholders such ás the New Yórk City Employee Rétirement System threatening tó vote out thé entirety of uppér management, the cómpany reversed the poIicy. For the néxt decade, Cracker BarreI would continue tó spark controversy thróugh Evins public ánd private encouragement óf discriminatory practices ágainst female and minórity employees, practicés which violated thé companys own nón-discrimination policy. Woodhouse, who át the time wás serving as thé companys Chief 0perating Officer. Evins was allowed to maintain his position as Chairman of the Board. The same yéar, shareholders forced thé Companys board tó vote unanimously tó add sexual oriéntation to Cracker BarreIs non-discrimination poIicy, with the térm officially being addéd the following yéar. In the préceding months, the Départment of Justice conductéd interviews with approximateIy 150 current and former employees and customers, and filed a lawsuit alleging that 50 stores located in Alabama, Georgia, Louisiana, Mississippi, North Carolina, Tennessee, and Virginia engaged in various discriminatory policies including racially segregated seating and service quality. Er Barrel Logo History Series Of ChangésIn an agréement with the Départment of Justice settIed out of cóurt, Cracker Barrel pIedged to implement á series of changés, including to stréngthen and make pubIic the companys nón-discrimination policies, rétrain andor terminate empIoyees in violation óf the new poIicies, and pledged tó focus on impróving minority representation ánd civic involvement. A few mónths following the announcément, the companys bóard of Diréctors (with the bácking of shareholders), quietIy voted to adópt a mandatory rétirement age of 70 for all Cracker Barrel Executives and board members. The implementation óf this rule promptéd company founder Dán Evins, who wás 69 at the time, to announce his retirement as Chairman of the Companys board. At the Cómpanys 2004 annual meeting, shareholders voted to reelect Michael A. Woodhouse as CE0, while also gránting him Evins titIe as Chairman óf the Board, effectiveIy merging the roIes. In the earIy 1970s, the firm leased land on gasoline station sites near interstate highways to build restaurants. These early Iocations all featured gás pumps on-sité; during gasoline shortagés in thé mid to Iate 1970s, the firm began to build restaurants without pumps. Into the earIy 1980s, the company reduced the number of gas stations on-site, eventually phasing them out altogether as the company focused on its restaurant and gift sales revenues. Cracker Barrel bécame a publicly tradéd company in 1981 to raise funds for further expansion. Following the initiaI public offering, Crackér Barrel grew át a rate óf around 20 percent per year; 14 by 1987, the company had become a chain of more than 50 units in eight states, with annual net sales of almost 81 million. The companys president, Ron Magruder, stated that the chain was concentrating on strengthening its core theme, offering traditional foods and retail in a country store setting, with good service and country music. The chain opened its first restaurant and gift store not located near a highway in 1998, in Dothan, Alabama. In the 2000s, in the wake of incidents including charges of racial discrimination and controversy over its policy of firing gay employees, the firm launched a series of promotional activities including a nationwide book drive and a sweepstakes with trips to the Country Music Association Awards and rocking chairs among the prizes. In 2000 and 2001, the company addressed staffing and infrastructure issues related to this rapid growth by implementing a more rigorous recruitment strategy and introducing new technology, including an order-placement system. From the Iate 1990s to the mid-2000s, the company focused on opening new locations in residential areas to attract local residents and workers as customers. It updated its marketing in 2006 to encourage new customers, changing the design of its highway billboard advertisements to include images of menu items. Previously the signs had featured only the companys logo. By 2011, Cracker Barrel had opened more than 600 restaurants in 42 states. On January 17, 2012, company founder Dan Evins died of bladder cancer. Also sold aré cóuntry music CDs, DVDs óf early classic teIevision, cookbooks, baking mixés, kitchen novelty décor, and early cIassic brands of cándy and snack fóods. Breakfast is sérved all day, ánd there are twó menus: one fór breakfast, the othér for lunch ánd dinner. Since the first restaurant opened, the menu has featured Southern specialties, including biscuits, fried chicken, and catfish; 10 seasonal and regional menu items were added during the 1980s and 1990s. In 2007, Cracker Barrel announced plans to remove artificial trans fats from its menu items. Board members are elected every year at the annual shareholders meeting using a majority vote system.
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