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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
January 31, 2024
Date
of Report (Date of earliest event reported)
SHAKE
SHACK INC.
(Exact
name of registrant as specified in its charter)
Delaware |
001-36823 |
47-1941186 |
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
File
Number) |
(IRS
Employer
Identification
No.) |
|
225
Varick Street, Suite 301
New
York, New York |
10014 |
|
(Address
of principal executive offices) |
(Zip
Code) |
(646)
747-7200
(Registrant's
telephone number, including area code)
Not applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
¨ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act
Title of each class
|
Trading symbol(s)
|
Name of each exchange on which registered |
Class A Common Stock, par value $0.001 |
SHAK |
New
York Stock Exchange |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ¨
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 31, 2024, after
more than 9 years of service, Robert Vivian and Jenna Lyons informed the Board of Directors (the “Board”) of Shake Shack Inc.
(the “Company”) of each of their intentions to step down from the Board of the Company following the conclusion of the current
director service year and to not stand for re-election as Class III directors at the Company’s 2024 Annual Meeting of Stockholders,
which is expected to be held in June of 2024. Mr Vivian also will step down as a member of the Board’s Audit Committee, the Audit
Committee Chair, and Lead Independent Director, and Ms. Lyons also will step down as a member of the Board’s Nominating & Corporate
Governance Committee and Compensation Committee, at the same time.
As such, the Board has determined
to reduce the size of the Board from thirteen (13) to eleven (11) directors, effective immediately prior to the 2024 Annual Meeting of
Stockholders. The Board expects to nominate three Class III directors to stand for re-election at the 2024 Annual Meeting of Stockholders.
Following the departure of Mr. Vivian and Ms. Lyons from the Board, the Board will consist of four Class I directors, four Class II Directors,
and three Class III directors.
The Board has appointed Jeffrey
Lawrence to replace Mr. Vivian as the Chair of the Audit Committee, and Jeff Flug to replace Mr. Vivian as the Lead Independent Director,
effective immediately prior to the 2024 Annual Meeting of Stockholders.
As a result of Mr. Flug’s
appointment to Lead Independent Director, Mr. Flug will resign as the Chair of the Nominating & Corporate Governance Committee, and
the Board has appointed Lori George to replace Mr. Flug as the Chair of the Nominating & Corporate Governance Committee, also effective
immediately prior to the 2024 Annual Meeting of Stockholders.
Each of Mr. Vivian’s
and Ms. Lyons’ decision to step down from the Board is not the result of any dispute or disagreement with the Company or its Board.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
Shake Shack Inc. |
|
|
(Registrant) |
|
|
|
|
|
|
|
Dated: February 2, 2024 |
By: |
/s/ Ronald Palmese, Jr. |
|
|
|
Ronald Palmese, Jr. |
|
|
|
Chief Legal Officer |
|
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