Shake Shack enters cooperation with Engaged Capital; appoints Jeffrey Lawrence to board, agrees to add another director

Shake Shack Inc.

Cooperation agreement dated May 15, 2023 with Engaged Capital; Engaged Group withdraws 2023 nomination notice.
Jeffrey D. Lawrence appointed as Class III director, effective immediately, term through 2024 annual meeting.
Company to jointly identify an additional independent director with restaurant operations experience for the board.
Meyer stockholders' director designation rights reduced to three; rights to terminate after 2025 annual meeting.
2023 annual meeting to be held no later than July 15, 2023; Engaged Capital must vote for board's slate.

item 1.01 item 5.02 item 7.01 item 9.01

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Appointed

Jeffrey D. Lawrence

Class III Director

SHAK · Shake Shack Inc.

Effective: 2023-05-15
Filed: May 16, 2023, 7:59 PM ET

On May 15, 2023, the Board appointed Jeffrey D. Lawrence to serve on the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey D. Lawrence was appointed as Class III Director at Shake Shack Inc..

Action: appointed
Role: Class III Director

Exact text from the filing

On May 15, 2023, the Board appointed Jeffrey D. Lawrence to serve on the Board, effective immediately.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Shake Shack Inc. entered into Amendment No. 4 to the Stockholders Agreement with SSE Holdings, LLC and certain other persons and entities valued at Amendment removing certain entities as parties to the Stockholders Agreement. (effective 2023-05-15).

Action: entry
Counterparty: SSE Holdings, LLC and certain other persons and entities
Value: Amendment removing certain entities as parties to the Stockholders Agreement.
Effective: 2023-05-15

Exact text from the filing

Amendment No. 4 to the Stockholders Agreement, dated May 15, 2023, removes certain entities that no longer are stockholders as parties to the Stockholders Agreement.

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Shake Shack Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-061457

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