---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-027494"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:13:51.681680+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Shake Shack says prior interim financials unreliable; restatements to increase deferred tax assets

## Summary
- Audit Committee concluded Q1-Q3 2022 and Q1-Q3 2023 interim statements should no longer be relied upon.
- Restatements increase deferred tax assets and retained earnings by $17M (2023 periods) and $14M (2022 periods).
- No impact on previously reported income statements; additional paid-in capital change is de minimis.
- Restated interim statements will be included in the 2023 Form 10-K, expected within 15 days of original due date.

## SEC filing metadata
- accession: 0001104659-24-027494
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000110465924027494/0001104659-24-027494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000110465924027494/tm247258d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-027494
- JSON: https://secwatch.observer/filing/0001104659-24-027494.json
- Plain text: https://secwatch.observer/filing/0001104659-24-027494.txt

## Key facts
- Auditor Changes
  Shake Shack Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Ernst & Young LLP
  source text: On February 24, 2024, the Audit Committee, after discussion with senior management and the Company’s independent registered public accountants, concluded that the Prior Interim Financial Statements should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000110465924027494/0001104659-24-027494-index.htm

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