secwatch.observer — SEC 8-K summary
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Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001104659-24-027494
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000110465924027494/0001104659-24-027494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000110465924027494/tm247258d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-027494

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