CRACKER BARREL OLD COUNTRY STORE, INC — Form 10-K

Cracker Barrel entered into a Retention and Severance Agreement with Douglas Hisel, Senior Vice President of Store Operations, effective June 29, 2026. Hisel receives a retention bonus of $200,000 cash (payable July 15, 2026) plus $1,000,000 in restricted stock units vesting over three years (contingent on employment continuation). The agreement replaces his prior 2018 severance agreement and includes a 3-year initial term with automatic renewal, severance of up to 12 months base salary for qualifying terminations, and extensive non-compete (4 years), non-solicitation (2 years), and confidentiality restrictions. If Hisel resigns without Good Reason before August 3, 2028, he must repay the $200,000 cash bonus.