---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061457"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:42:36.977037+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-061457
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000110465923061457/0001104659-23-061457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000110465923061457/tm2315964d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061457
- JSON: https://secwatch.observer/filing/0001104659-23-061457.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061457.txt

## Key facts
- Executive change
  Jeffrey D. Lawrence was appointed as Class III Director at Shake Shack Inc..
  - Action: appointed
  - Role: Class III Director
  source text: On May 15, 2023, the Board appointed Jeffrey D. Lawrence to serve on the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000110465923061457/0001104659-23-061457-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000110465923061457/0001104659-23-061457-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.