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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Biglari Holdings Inc | NYSE:BH | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.88 | 1.94% | 204.28 | 204.28 | 201.38 | 204.28 | 26 | 15:33:51 |
x
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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OR
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¨
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
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Commission
file number
000-08445
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A.
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Full title of the plan and the address of the plan, if different from that of the issuer named below:
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The Steak n Shake 401(k) Savings Plan
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B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
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BIGLARI HOLDINGS INC.
17802 IH 10 West, Suite 400
San Antonio, Texas 78257
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The Steak n Shake
401(k) Savings Plan
Employer ID No.: 35-1604308
Plan #: 001
Financial Statements as of December 31, 2015 and
2014, and for the Year Ended December 31, 2015, Supplemental Schedule as of December 31, 2015, and Report of Independent Registered Public Accounting Firm |
1
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2
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3
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4-9
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10
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11
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NOTE:
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Schedules not filed herewith are omitted because of the absence of the conditions under which they
are required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974.
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THE
STEAK N SHAKE 401(k) SAVINGS PLAN
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||||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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||||
FOR THE YEAR ENDED DECEMBER 31, 2015
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||||
ADDITIONS:
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||||
Contributions:
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||||
Participant contributions
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$ | 1,243,177 | ||
Employer contributions
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175,912 | |||
Rollovers
|
1,492 | |||
Total contributions
|
1,420,581 | |||
Investment income:
|
||||
Net depreciation in fair value of investments
|
(1,156,973 | ) | ||
Interest and dividends
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641,422 | |||
Total investment loss
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(515,551 | ) | ||
Interest income on notes receivable from participants
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9,922 | |||
Total additions
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914,952 | |||
DEDUCTIONS:
|
||||
Benefits paid to participants
|
2,284,612 | |||
Administrative expenses
|
124,548 | |||
Total deductions
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2,409,160 | |||
DECREASE IN NET ASSETS
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(1,494,208 | ) | ||
NET ASSETS AVAILABLE FOR BENEFITS:
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||||
Beginning of year
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21,529,724 | |||
End of year
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$ | 20,035,516 | ||
See notes to financial statements.
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1.
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DESCRIPTION OF THE PLAN
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Number of Years of
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Vested
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||
Continuous Service
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Percentage
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||
Less than 2
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0
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% | |
2
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20
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||
3
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40
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||
4
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60
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||
5
|
80
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||
6 or more
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100
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2.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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3.
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INVESTMENTS
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2015
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2014
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|||||||
Fidelity Retirement Money Market
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$ | 4,860,717 | $ | 5,252,087 | ||||
Third Avenue Value Fund Institutional
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3,210,660 | 3,780,010 | ||||||
Vanguard Index Trust — 500 Portfolio
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3,083,383 | 3,072,988 | ||||||
Vanguard Target Retirement 2020 Fund
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1,074,670 | 1,231,263 | ||||||
Vanguard Target Retirement 2030 Fund
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1,201,503 | 1,402,850 | ||||||
Vanguard Target Retirement 2035 Fund
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1,178,827 | * | ||||||
Vanguard Target Retirement 2040 Fund
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1,302,011 | 1,311,145 |
Mutual funds:
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||||
Balanced
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$ | (898,722 | ) | |
Equity
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(127,130 | ) | ||
Fixed income
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(56,492 | ) | ||
(1,082,344 | ) | |||
Common stock
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(74,629 | ) | ||
Net depreciation in fair value of investments
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$ | (1,156,973 | ) |
4.
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FAIR VALUE MEASUREMENTS
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2015
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||||||||||||||||
Level 1
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Level 2
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Level 3
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Total
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|||||||||||||
Mutual funds:
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||||||||||||||||
Balanced
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$ | 10,424,551 | $ | - | $ | - | $ | 10,424,551 | ||||||||
Equity
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3,986,245 | - | - | 3,986,245 | ||||||||||||
Fixed income
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237,028 | - | - | 237,028 | ||||||||||||
14,647,824 | - | - | 14,647,824 | |||||||||||||
Money market funds
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- | 4,863,936 | - | 4,863,936 | ||||||||||||
Common stock
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338,527 | - | - | 338,527 | ||||||||||||
Total investments
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$ | 14,986,351 | $ | 4,863,936 | $ | - | $ | 19,850,287 | ||||||||
2014 | ||||||||||||||||
Level 1
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Level 2
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Level 3
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Total
|
|||||||||||||
Mutual funds:
|
||||||||||||||||
Balanced
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$ | 11,245,853 | $ | - | $ | - | $ | 11,245,853 | ||||||||
Equity
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4,120,697 | - | - | 4,120,697 | ||||||||||||
Fixed income
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272,330 | - | - | 272,330 | ||||||||||||
15,638,880 | - | - | 15,638,880 | |||||||||||||
Money market funds
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- | 5,268,320 | - | 5,268,320 | ||||||||||||
Common stock
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389,922 | - | - | 389,922 | ||||||||||||
Total investments
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$ | 16,028,802 | $ | 5,268,320 | $ | - | $ | 21,297,122 |
5.
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PARTY-IN-INTEREST TRANSACTIONS
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6.
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PLAN TERMINATION
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7.
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FEDERAL INCOME TAX STATUS
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THE
STEAK N SHAKE 401(k) SAVINGS PLAN
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|||||
FORM 5500, SCHEDULE H, PART IV, LINE 4i — SCHEDULE OF ASSETS
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|||||
(HELD AT END OF YEAR)
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EIN#: 35-1604308
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||||
AS OF DECEMBER 31, 2015
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Plan #: 001
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||||
Description of Investment
|
|||||
Including Maturity Date,
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|||||
Identity of Issuer, Borrower,
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Rate of Interest, Collateral,
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Fair
|
|||
Lessor or Similar Party
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Par or Maturity Value
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Value
|
|||
Money market funds:
|
|||||
Fidelity Investments
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Fidelity Retirement Money Market
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$ | 4,860,717 | ||
* TD Ameritrade
|
TD Bank Institutional MMDA
|
30 | |||
* TD Ameritrade
|
TD Bank USA MMDA
|
3,189 | |||
Total money market funds
|
4,863,936 | ||||
Mutual funds:
|
|||||
Longleaf Partners
|
Longleaf Partners International Fund
|
902,862 | |||
Pimco
|
Pimco Pacific Investment Short Term Fund Institutional
|
143,257 | |||
SEI
|
SEI High Yield Bond A
|
12,733 | |||
Third Avenue
|
Third Avenue Focused Credit Fund
|
81,038 | |||
Third Avenue
|
Third Avenue Value Fund Institutional
|
3,210,660 | |||
Vanguard
|
Vanguard Index Trust — 500 Portfolio
|
3,083,383 | |||
Vanguard
|
Vanguard Target Retirement 2010 Fund
|
295,154 | |||
Vanguard
|
Vanguard Target Retirement 2015 Fund
|
360,876 | |||
Vanguard
|
Vanguard Target Retirement 2020 Fund
|
1,074,670 | |||
Vanguard
|
Vanguard Target Retirement 2025 Fund
|
771,266 | |||
Vanguard
|
Vanguard Target Retirement 2030 Fund
|
1,201,503 | |||
Vanguard
|
Vanguard Target Retirement 2035 Fund
|
1,178,827 | |||
Vanguard
|
Vanguard Target Retirement 2040 Fund
|
1,302,011 | |||
Vanguard
|
Vanguard Target Retirement 2045 Fund
|
316,491 | |||
Vanguard
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Vanguard Target Retirement 2050 Fund
|
578,600 | |||
Vanguard
|
Vanguard Target Retirement Income Fund
|
134,493 | |||
Total mutual funds
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14,647,824 | ||||
* Common stock — Biglari Holdings Inc.
|
Biglari Holdings Inc. Common Stock
|
338,527 | |||
Notes receivable from participants —
|
|||||
* Various plan participants
|
Participant loans, with interest rates
|
||||
of 4.25% and maturing at various
|
|||||
dates through April 16, 2025
|
232,677 | ||||
TOTAL
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$ | 20,082,964 | |||
The Steak n Shake 401(k) Savings Plan
|
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By:
|
/s/ Duane Geiger |
Duane Geiger, on behalf of Steak n Shake Inc. the Plan Sponsor
|
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Exhibit No.
|
Description
|
|
23.1
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Consent of Independent Registered Public Accounting Firm
|
1 Year Biglari Chart |
1 Month Biglari Chart |
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