JACK IN THE BOX INC

Jack in the Box Inc. announced that Carl Mount mutually agreed to step down from his Executive Leadership Team role as Senior Vice President and Chief Supply Chain Officer, effective July 2, 2026. Mr. Mount will transition into an advisory role through October 1, 2026. He will be eligible for severance benefits and there were no disagreements between him and the company regarding its operations or policies.

Jack in the Box Inc., through its indirect subsidiary Jack in the Box Funding, LLC, completed a $500 million securitized financing facility by issuing Series 2026-1 7.624% Fixed Rate Senior Secured Notes. Concurrently, it established a revolving financing facility for up to $150 million in Variable Funding Senior Secured Notes. The proceeds will be used to repay existing debt, supporting the company's 'JACK on Track' plan to strengthen its balance sheet and clear near-term maturities.

Del Taco, a subsidiary of JACK IN THE BOX INC, has announced the return of its slow-cooked Pork Carnitas for a limited time, expanding the lineup with five new menu items including the Carnitas Big Fat Taco. The summer menu also features the return of Independence Poppers beverages and the fan-favorite Funnel Cake Fries for $2.50. This launch aims to build on the excitement of popular offerings and introduce new innovations.

Jack in the Box Inc. announced its subsidiary, Jack in the Box Funding, LLC, will issue $500 million of Series 2026-1 7.624% Fixed Rate Senior Secured Notes in a private securitization transaction. The net proceeds are intended to fully repay the Company's existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes and partially repay the Series 2022-1 3.445% Fixed Rate Senior Secured Notes. Additionally, the Master Issuer plans to issue $150 million of Series 2026-1 Variable Funding Senior Secured Notes to replace existing variable funding notes.

Jack in the Box Inc. announced plans to repay $110 million of its Series 2019-1 4.476% Fixed Rate Senior Secured Notes ahead of schedule, bringing its total debt reduction in 2026 to $236.4 million. Following this, the company's subsidiaries intend to complete a refinancing transaction, issuing $500 million in senior secured fixed rate notes and $150 million in variable funding notes. The proceeds will be used to refinance existing securitized debt, further optimizing its capital structure under the "JACK on Track" plan.

Jack in the Box Inc. announced that Lance Tucker resigned from its Board of Directors, effective May 27, 2026. This resignation is in connection with finalizing separation and consulting arrangements with Mr. Tucker. He had previously ceased serving as the company's Chief Executive Officer on May 8, 2026.

Del Taco, the second-largest Mexican quick service restaurant, has launched its new "Get A Lot For What You've Got" Value Menu nationwide. The menu features over 10 items starting at just $1 each, aiming to provide significant value to consumers looking to stretch their dollar without sacrificing quality or variety. It includes fan favorites like the $1 Value Bean & Cheese Burrito and introduces new bundled meal options such as the $8.99 "Get A Lot Pack" and the $6.99 digital-exclusive "Fresh Deal."

Jack in the Box Inc. completed the sale of Del Taco Holdings Inc. on December 22, 2025, for $115.0 million in cash. Proceeds from the sale were used to prepay $105.0 million of its Series 2019-1 Class A-2-II Notes, aligning with its debt reduction strategy. While net earnings swung to a positive $10.2 million for the quarter and $7.8 million year-to-date, earnings from continuing operations declined significantly compared to the prior year.

Jack in the Box announced a significant leadership transition, appointing Mark King as Interim Chief Executive Officer and Executive Chairman, effective immediately. This follows the departure of former CEO Lance Tucker and Chief Customer and Digital Officer Ryan Ostrom. Concurrently, the company reported second quarter fiscal 2026 financial results that did not meet expectations, with diluted EPS from continuing operations of $0.65 and a 3.8% decrease in same-store sales. The company also provided updated fiscal year 2026 guidance, anticipating a low single-digit same-store sales decline.

Jack in the Box Inc. has appointed Eduardo Luz as an independent director to its Board, effective immediately. Mr. Luz, with over 30 years of experience in global restaurant and consumer brands, previously served as CEO of P.F. Chang's and Chief Brand and Concept Officer at Panera Bread. Concurrently, David Goebel and Madeleine Kleiner announced their voluntary retirement from the Board, effective May 8, 2026. Following these changes, the Board will consist of nine directors.