secwatch.observer — SEC 8-K summary
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Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001104659-24-037341
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shake Shack appoints Papa John's CEO Rob Lynch as new CEO, effective May 20, 2024
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- Rob Lynch appointed CEO effective May 20, 2024; succeeds Randy Garutti who remains advisor through year-end.
- Lynch previously served as President and CEO of Papa John's, where he drove global system-wide sales over $5B.
- Lynch's compensation includes $1M base salary, 150% target bonus, $10.8M in equity awards (RSUs and PSUs).
- Lynch also appointed to the Board of Directors effective May 20, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000110465924037341/0001104659-24-037341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000110465924037341/tm249491d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-037341

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