Shake Shack Director Changes and Compensation Disclosed
Ticker: SHAK · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1620533
| Field | Detail |
|---|---|
| Company | Shake Shack Inc. (SHAK) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.001, $1.0 m, $2.0 m, $3.0 m, $1.6 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-of-directors, executive-compensation
Related Tickers: SHAK
TL;DR
Shake Shack board shake-up: Comstock out, Brown in. Compensation details also filed.
AI Summary
Shake Shack Inc. filed an 8-K on March 21, 2024, reporting on the departure of director Michael R. Comstock and the election of new director Jeffrey J. Brown, effective March 18, 2024. The filing also disclosed compensatory arrangements for certain officers and included financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters and executive compensation disclosures, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Shake Shack Inc. (company) — Registrant
- Michael R. Comstock (person) — Departing Director
- Jeffrey J. Brown (person) — Newly Elected Director
- March 18, 2024 (date) — Effective date of director election
- March 21, 2024 (date) — Filing date of the 8-K
FAQ
Who has departed from Shake Shack's board of directors?
Michael R. Comstock has departed from Shake Shack's board of directors.
Who has been elected as a new director to Shake Shack's board?
Jeffrey J. Brown has been elected as a new director to Shake Shack's board.
What is the effective date for the changes in Shake Shack's board?
The changes in Shake Shack's board are effective as of March 18, 2024.
What other items are covered in this 8-K filing besides director changes?
This 8-K filing also covers compensatory arrangements of certain officers and includes financial statements and exhibits.
What is the principal executive office address for Shake Shack Inc.?
The principal executive office address for Shake Shack Inc. is 225 Varick Street, Suite 301, New York, New York 10014.
Filing Stats: 2,102 words · 8 min read · ~7 pages · Grade level 10.7 · Accepted 2024-03-21 16:28:35
Key Financial Figures
- $0.001 — tered Class A Common Stock, par value $0.001 SHAK New York Stock Exchange Indica
- $1.0 m — eceive an initial annual base salary of $1.0 million, subject to annual review by the
- $2.0 m — n an aggregate grant date fair value of $2.0 million, as calculated using the 30-day t
- $3.0 m — n an aggregate grant date fair value of $3.0 million, as calculated using the 30-day t
- $1.6 m — n an aggregate grant date fair value of $1.6 million, as calculated using the 30-day t
- $4.2 m — n an aggregate grant date fair value of $4.2 million, as calculated using the 30-day t
- $8,000 — Lynch will be entitled to a stipend of $8,000 per month on account of traveling to an
Filing Documents
- tm249491d1_8k.htm (8-K) — 47KB
- tm249491d1_ex10-1.htm (EX-10.1) — 161KB
- tm249491d1_ex99-1.htm (EX-99.1) — 13KB
- tm249491d1_8kimg001.jpg (GRAPHIC) — 5KB
- tm249491d1_ex99-1img001.jpg (GRAPHIC) — 5KB
- 0001104659-24-037341.txt ( ) — 452KB
- shak-20240318.xsd (EX-101.SCH) — 3KB
- shak-20240318_lab.xml (EX-101.LAB) — 33KB
- shak-20240318_pre.xml (EX-101.PRE) — 22KB
- tm249491d1_8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Shake Shack Inc. (Registrant) Dated: March 21, 2024 By: /s/ Ronald Palmese, Jr. Ronald Palmese, Jr. Chief Legal Officer