2 unchanged sentences
Restaurant operations own the land and building for 142 restaurants;
−Removed: they also own 9 other properties.
+Added: they also own one other property.
The following table lists the locations of the restaurants as of December 31, 2023.
8 unchanged sentences
Colorado 1 — — — — 1
−Removed: Delaware — — 1 — — 1
Florida 16 60 5 — — 81
28 unchanged sentences
As of December 31, 2023, 17 of the 148 Steak n Shake company-operated stores were closed.
−Removed: The Company intends to refranchise the majority of its closed stores.
+Added: Steak n Shake plans to sell or lease 10 of the 17 locations and refranchise the balance.
Other Properties
2 unchanged sentences
Abraxas Petroleum operates oil and natural gas wells in the Permian Basin.
−Removed: First Guard owns the land and building of its office in Venice, Florida.
−Removed: Southern Pioneer owns the land and building of its office in Jonesboro, Arkansas.
−Removed: The Company owns Steak n Shake’s office building in Indianapolis, Indiana, along with two other undeveloped properties in other states.
+Added: Through its subsidiaries, the Company owns Steak n Shake’s office building in Indianapolis, Indiana;
+Added: First Guard’s office building in Venice, Florida;
+Added: and Southern Pioneer’s office building in Jonesboro, Arkansas.
+Added: 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.
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.