Steak n Shake parent company name change approved

INDIANAPOLIS -- Steak n Shake Co. shareholders have approved changing the parent company's name to Biglari Holdings Inc.

Shareholders approved the name change Thursday during Steak n Shake's annual meeting in New York City. Shares will begin trading Friday under the new name and ticker symbol, BH.

The Indianapolis Business Journal reported in February that the parent company proposed the name change to avoid confusion between it and its subsidiaries, including Indianapolis-based Steak n Shake Operations Inc.

Steak n Shake Operations' restaurants will retain the Steak n Shake name.

The parent company moved its corporate headquarters from Indianapolis to San Antonio last year, but most Steak n Shake employees remain in Indianapolis.

Biglari Holdings is a diversified holding company managed by CEO Sardar Biglari.