secwatch.observer — SEC 8-K summary
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Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001104659-24-007256
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000110465924007256/0001104659-24-007256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000110465924007256/tm244149d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-007256

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer