$12.190
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JACK News
JACK Events
Jack in the Box Enters First Amendment with GreenWood Investors
On September 17, "Jack in the Box entered into a First Amendment to the Nomination and Cooperation Agreement with GreenWood Investors, LLC. The First Amendment amends the Nomination and Cooperation Agreement, dated November 3, 2025, between the Company and GreenWood. The First Amendment extends the term of the cooperation agreement through the nomination window for the Company's 2028 annual meeting of stockholders and continues certain standstill, voting and other provisions contained in the cooperation agreement. In addition, pursuant to the First Amendment, the Company agreed that the size of its Board of Directors will not exceed nine directors during the covered period without GreenWood's prior written consent."
Jack in the Box Appoints Former Starbucks CFO as Independent Director
Jack in the Box (JACK) announced that Rachel Ruggeri, former EVP and CFO of Starbucks (SBUX), has been appointed to its Board of Directors as an independent director. The Company also announced that Michael Murphy will retire from the Board and will not stand for reelection at the Company's 2027 Annual Meeting of Stockholders. Ruggeri's appointment continues the Board's refreshment efforts, which have added new perspectives and relevant restaurant, consumer and financial expertise over the past year. As previously announced, President Taylor Montgomery is expected to join the Board when he assumes the role of CEO within the next 12 months. Additionally, Ruggeri's appointment reflects the Board's commitment to thoughtful refreshment and its constructive dialogue with GreenWood Investors. The Company and GreenWood have agreed to extend their existing cooperation agreement, including customary standstill, voting and other provisions.
Jack in the Box Appoints Taylor Montgomery as President
Jack in the Box (JACK) announced its Board of Directors has appointed Taylor Montgomery as President, effective September 14, 2026. In this newly created role, Montgomery will lead Jack in the Box's brand strategy, with a focus on driving sustainable sales growth, improving franchisee profitability, and positioning the Company for long-term success. Montgomery most recently served as Global Chief Brand Officer at Taco Bell, part of Yum! Brands (YUM)
Stock Futures Modestly Higher, Cerebras Systems Down 15%
Stock futures are modestly higher as investors digest softer-than-feared Producer Price Index data that follows yesterday's July CPI report.The Fed outlook has become somewhat more favorable for equities following the inflation data and the weak July employment report. Markets are now pricing roughly a 66% probability that the Fed holds rates steady at its next meeting, according to Reuters.Technology and AI infrastructure stocks remain an important source of strength. At the same time, Cerebras Systems is under pressure after its results missed expectations, highlighting how high expectations have become for companies tied to the AI buildout.Oil prices are providing some relief after six consecutive sessions of gains. Brent crude has fallen roughly 2% as concerns over global demand and rising U.S. crude inventories offset continued geopolitical risks surrounding Iran and the Strait of Hormuz.In pre-market trading, S&P 500 futures rose 0.17%, Nasdaq futures fell 0.02% and Dow futures rose 0.30%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Jack in the Boxup 15%EnerSysup 14%Birkenstockup 12%Grocery Outletup 9%McGraw Hillup 3%BK Technologiesup 2%Red Robinup 2%Belite Bioup 1%DOWN AFTER EARNINGS -Cerebras Systemsdown 15%Tapestrydown 10%Yetidown 9%Intuitive Machinesdown 9%Ciscodown 7%Coherentdown 6%JD,comdown 3%Bending Spoonsdown 2%
Nasdaq 100 Contract Down 0.2%, Cisco Down 4.1%
Index futures are mixed in the opening hours of the evening session, with S&P e-minis flat, Dow Industrials up marginally, and Nasdaq 100 contract down by 0.2%. Softer than expected inflation data compressed yields and helped to propel the AI trade on Wednesday with many of this year's winners in Semiconductors, Semi Equipment, Memory, and Hardware leading the charge. The momentum of that exuberance could be fleeting however after post-earnings selloffs in some of the larger AI-themed stocks - Cisco slid 4% while Cerebras Systems retreated 16% afterhours.In commodities, WTI Crude Oil has continued to consolidate this month's advance with a 1% decline below $82.70. Precious metals are rangebound, though traders are positioning for renewed interest as expectations of Fed tightening recedes following the latest tamer inflation and softer labor economic reports.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Harmonicup 19.2%Omerosup 18.7%EnerSysup 11.4%Grocery Outletup 10.6%Jack in the Boxup 5.2%DOWN AFTER EARNINGS -Cerebras Systemsdown 16.1%StubHub Holdingsdown 13.7%Resideo Technologiesdown 7.6%Pan American Silverdown 5.5%Coherentdown 4.2%Cisco Systemsdown 4.1%
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