Recent 8-K filings for BH-A

• May 8, 2026, 7:59 PM ET earnings materiality 0.60 negative item 2.02item 9.01 ◈ Earnings Releases

  Biglari Holdings posts Q1 pre-tax operating loss of $4.1M vs profit of $10M year ago

  Pre-tax operating loss of $4.1M in Q1 2026 compared to profit of $10.0M in Q1 2025.

• April 10, 2026, 7:59 PM ET other materiality 0.10 neutral item 5.07

  Biglari Holdings shareholders elect all five director nominees and ratify Deloitte as auditor for 2026

  All five directors elected with votes for ranging from 168,605 to 171,200; broker non-votes 7,763.

• March 2, 2026, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 7.01item 9.01

  Biglari Holdings posts Q4 pre-tax operating loss; full-year earnings down 42%

  Q4 2025 pre-tax operating loss of $1.7M vs profit $3.9M in Q4 2024; net loss attributable to shareholders $49.9M.

• November 21, 2025, 6:59 PM ET other material materiality 0.60 positive item 7.01

  Biglari Holdings reports Steak 'n Shake same-store sales growth >15% in Q4 to date; book value $2,244.26/share

  Book value per Class A equivalent share $2,244.26 as of Sep 30, 2025 (Class B $448.85).

• November 7, 2025, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings reports Q3 net loss of $5.3M; operating earnings improve, Steak n Shake sales up 15%

  Q3 net loss of $5.3M vs net earnings of $32.1M a year ago, driven by $14.4M investment loss.

• October 6, 2025, 7:59 PM ET debt materiality 0.70 neutral item 1.01item 2.03 ◈ Debt Financings

  Biglari Holdings subsidiary Steak n Shake takes $225M loan at 8.80%, terminates $75M line

  Steak n Shake borrowed $225M on Sept 30, 2025; 5-year term, fixed rate 8.80%.

• October 1, 2025, 7:59 PM ET other material materiality 0.65 positive item 7.01

  Steak n Shake reports ~15% same-store sales growth for Q3 fiscal 2025

  Same-store sales rose ~15% for U.S. operations (company-operated and franchise-partner stores) in the third fiscal quarter.

• August 8, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings Q2 pre-tax operating earnings fall 81% to $3.7M; net profit of $50.9M vs loss

  Pre-tax operating earnings of $3.7M in Q2, down from $19.7M a year ago; H1 total $13.7M vs $25.4M.

• May 9, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings reports Q1 net loss of $33.3M on investment losses; operating earnings improve

  Pre-tax operating earnings rose to $9.99M from $5.70M in Q1 2024, up 75%.

• April 17, 2025, 7:59 PM ET other materiality 0.15 neutral item 5.07

  Biglari Holdings shareholders elect all directors, ratify Deloitte, approve say-on-pay every 3 years

  All 5 director nominees elected: Sardar Biglari (168,388 for), Cooley, Cooper, Cardwell, Person.

• March 3, 2025, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 7.01item 9.01

  Biglari Holdings reports Q4 net loss of $10.3M; full-year operating earnings fall 25%

  Q4 2024 pre-tax operating earnings $3.9M vs $3.8M in Q4 2023; full-year $32.6M down from $43.2M.

• November 8, 2024, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings Q3 operating earnings drop 84% to $3.3M; net earnings swing to positive

  Pre-tax operating earnings of $3.27M in Q3 2024 vs $20.30M in Q3 2023, down 84%.

• August 9, 2024, 7:59 PM ET earnings materiality 0.65 negative item 2.02item 9.01

  Biglari Holdings Q2 pre-tax operating earnings rise to $19.7M; net loss of $48.2M on investment losses

  Pre-tax operating earnings of $19.7M in Q2 2024 vs $10.0M in Q2 2023, up 96%.

• May 10, 2024, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01 ◈ Earnings Releases

  Biglari Holdings Q1 net earnings fall to $22.6M from $64.9M YoY; operating earnings drop to $5.7M

  Pre-tax operating earnings of $5.7M, down from $9.0M in Q1 2023.

• April 18, 2024, 7:59 PM ET other materiality 0.10 neutral item 5.07 ◈ Shareholder Votes ×3

  Biglari Holdings shareholders re-elect all five directors, reject shareholder proposal

  All five director nominees elected: Sardar Biglari (163,353 for), Cooley, Cooper, Cardwell, Person.

Materiality & sentiment trend

Max materiality 0.70 · Median 0.70 · Most common event earnings

2 positive 9 negative 4 neutral

source · BH-A on sec.gov