---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-125000"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:54:29.630888+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shake Shack CEO Randy Garutti to retire in 2024; board initiates external search for successor

## Summary
- CEO Randy Garutti will retire in 2024 upon selection of successor; will remain CEO and executive board member until then, then advisor through end of 2024.
- Board launches external CEO search led by Korn Ferry; search committee chaired by founder Danny Meyer.
- Company reiterates Q4 2023 guidance: total revenue $276.25M-$281.75M, same-Shack sales up low-single digits YoY.
- Company reiterates FY2023 guidance: total revenue ~$1.08B (+20% YoY), adjusted EBITDA $125M-$130M.
- Garutti has led Shake Shack from a single hot dog cart to over 500 locations globally; resignation not due to any dispute.

## SEC filing metadata
- accession: 0001104659-23-125000
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000110465923125000/0001104659-23-125000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000110465923125000/tm2332607d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-125000
- JSON: https://secwatch.observer/filing/0001104659-23-125000.json
- Plain text: https://secwatch.observer/filing/0001104659-23-125000.txt

## Key facts
- Executive change
  Randall Garutti resigned as Chief Executive Officer at Shake Shack Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On December 11, 2023, Shake Shack Inc. (the “Company”) announced that Randall Garutti, its Chief Executive Officer, has informed the Company’s Board of Directors that he will retire from the Company in 2024 upon the selection of his successor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000110465923125000/0001104659-23-125000-index.htm

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