---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-007256"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:35:39.070948+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Shake Shack CEO Randall Garutti to retire; transition agreement sets successor hiring deadline and advisory terms

## Summary
- CEO Randall Garutti will step down on the earlier of his successor's start date or May 24, 2024.
- Garutti to receive a partial bonus for H1 2024 and accelerated vesting of 13,009 RSUs if successor starts after Mar 16, 2024.
- After resigning, Garutti will serve as Special Advisor through May 24, 2024, then as Advisor through year-end at $10,416/month.
- No successor has been named; Board to appoint new CEO before May 24, 2024.

## SEC filing metadata
- accession: 0001104659-24-007256
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000110465924007256/0001104659-24-007256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000110465924007256/tm244149d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-007256
- JSON: https://secwatch.observer/filing/0001104659-24-007256.json
- Plain text: https://secwatch.observer/filing/0001104659-24-007256.txt

## Key facts
- Executive change
  Randall Garutti departed as Chief Executive Officer at Shake Shack Inc..
  - Action: retire
  - Role: Chief Executive Officer
  source text: As previously disclosed, Mr. Garutti has informed the Company’s Board of Directors that he will retire from the Company in 2024 as its Chief Executive Officer and as an executive Board member upon the selection of his successor, but that he will serve as an advisor following this time through the end of 2024 to ensure a proper transition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000110465924007256/0001104659-24-007256-index.htm

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