Buffalo Wild Wings is in an “insurgent situation” that needs to be addressed when it reports earnings after the bell Wednesday, said TheStreet’s Jim Cramer. Earlier this month, Marcato Capital Management LP, a San Francisco-based investment manager which manages funds that beneficially own approximately 5.2% of the outstanding common shares of Buffalo Wild Wings, sent a letter to the Company’s Board of Directors in response to management’s inability to provide Marcato with shareholder information in a timely manner per Minnesota state law. Mick McGuire, managing partner of Marcato, wrote at the time, “We are troubled by Buffalo Wild Wings’ actions that have disenfranchised shareholders, entrenched management, and thwarted our ability and legal right to communicate with other shareholders.”
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