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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0000921895-25-000155 0001334429 XXXXXXXX LIVE 1 Common Stock, par value $0.01 per share 04/06/2025 true 0001606366 268603107 El Pollo Loco Holdings, Inc. 3535 HARBOR BOULEVARD SUITE 100 COSTA MESA CA 92626 Sardar Biglari 210-344-3400 Biglari Capital Corp. 19100 Ridgewood Pkwy, Suite 1200 San Antonio TX 78259 Michael Neidell, Esq. 212-451-2300 Olshan Frome Wolosky LLP 1325 Avenue of the Americas New York NY 10019 0001334430 N BIGLARI, SARDAR AF N X1 4489247.00 0.00 4489247.00 0.00 4489247.00 N 15.1 IN The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. 0001334429 N BIGLARI CAPITAL CORP. AF N TX 4000000.00 0.00 4000000.00 0.00 4000000.00 N 13.4 OO The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. 0001580602 N LION FUND II, L.P. WC N DE 4000000.00 0.00 4000000.00 0.00 4000000.00 N 13.4 PN The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. Y First Guard Insurance Company WC N AZ 120000.00 0.00 120000.00 0.00 120000.00 N 0 IC The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. 0002035328 N Biglari Reinsurance Ltd. WC OO N D0 489247.00 0.00 489247.00 0.00 489247.00 N 1.6 CO The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. 0002034968 N Biglari Insurance Group Inc. OO N DE 489247.00 0.00 489247.00 0.00 489247.00 N 1.6 CO The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. 0001726173 N Biglari Holdings Inc. OO N IN 489247.00 0.00 489247.00 0.00 489247.00 N 1.6 CO The percentage ownership reported herein is based on 29,777,207 Shares outstanding as of February 28, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025. Common Stock, par value $0.01 per share El Pollo Loco Holdings, Inc. 3535 HARBOR BOULEVARD SUITE 100 COSTA MESA CA 92626 The increase in the percentage ownership by the Reporting Persons since the filing of the Schedule 13D is due solely to a decrease in the number of Shares outstanding. Item 4 is hereby amended to add the following: On April 6, 2025, Biglari Holdings and BCC entered into a confidentiality agreement (the "Agreement") with the Issuer in connection with their interest in engaging in a potential transaction with the Issuer. The Agreement includes a customary standstill provision, including with respect to the acquisition of additional Shares, that expires 30 days prior to the director nomination deadline for the Issuer's 2026 annual meeting of stockholders. The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 1 and incorporated herein by reference. Item 6 is hereby amended to add the following: On April 6, 2025, Biglari Holdings and BCC entered into the Agreement with the Issuer as defined and described in Item 4 above, a copy of which is attached hereto as Exhibit 1 and incorporated herein by reference. Item 7 is hereby amended to add the following exhibit: 1 - Confidentiality Agreement by and among Biglari Capital Corp., Biglari Holdings Inc. and El Pollo Loco Holdings, Inc., dated April 6, 2025. BIGLARI, SARDAR /s/ Sardar Biglari Sardar Biglari 04/07/2025 BIGLARI CAPITAL CORP. /s/ Sardar Biglari Sardar Biglari, Chairman and Chief Executive Officer 04/07/2025 LION FUND II, L.P. /s/ Sardar Biglari Sardar Biglari, Chairman and Chief Executive Officer of Biglari Capital Corp., its general partner 04/07/2025 First Guard Insurance Company /s/ Sardar Biglari Sardar Biglari, Authorized Signatory 04/07/2025 Biglari Reinsurance Ltd. /s/ Sardar Biglari Sardar Biglari, Chairman and Chief Executive Officer 04/07/2025 Biglari Insurance Group Inc. /s/ Sardar Biglari Sardar Biglari, Chairman of the Board 04/07/2025 Biglari Holdings Inc. /s/ Sardar Biglari Sardar Biglari, Chairman and Chief Executive Officer 04/07/2025