33 unchanged sentences
Virginia — — 4 2 2 8
−Removed: Washington, D.C.
West Virginia — — 2 1 — 3
4 unchanged sentences
Total 131 179 94 3 28 435
−Removed: As of December 31, 2024, 10 of the 146 Steak n Shake company-operated stores were closed.
−Removed: Steak n Shake plans to sell or lease six of the 10 locations and refranchise the balance.
+Added: As of December 31, 2025, seven of the 131 Steak n Shake company-operated stores were closed.
+Added: Of the seven locations, Steak n Shake plans to reopen two locations and sell or lease five locations.
Other Properties
5 unchanged sentences
and Southern Pioneer’s office building in Jonesboro, Arkansas.
−Removed: In addition, the Company owns eight various locations that are being leased or are available to be leased by third parties, along with owning one undeveloped property in San Antonio, Texas.
+Added: In addition, the Company owns seven various locations that are being leased or are available to be leased by third parties, along with owning one undeveloped property in San Antonio, Texas.
Legal Proceedings
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.