---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-024341"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:16:57.567161+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shake Shack restates financials for FY2021-2022 due to deferred tax asset errors

## Summary
- Non-reliance on previously issued financial statements for FY2021 and FY2022; will be restated in 2023 10-K.
- Estimated favorable adjustments to income tax expense of ~$3.0M (FY2022) and ~$4.1M (FY2021); opening retained earnings adjustment of ~$10.1M.
- Errors relate to incorrect state tax depreciation on investment in SSE Holdings; non-cash, no impact on revenue, Shack-level profit, or Adjusted EBITDA.
- Audit Committee concluded filing after discussion with management and auditor Ernst & Young; 2023 10-K expected on time.

## SEC filing metadata
- accession: 0001104659-24-024341
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000110465924024341/0001104659-24-024341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000110465924024341/tm246330d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-024341
- JSON: https://secwatch.observer/filing/0001104659-24-024341.json
- Plain text: https://secwatch.observer/filing/0001104659-24-024341.txt

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