Shake Shack Inc
For the period ended Sep 25, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 25, 2024 · Filed Oct 31, 2024
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Item 5. Other Information
(a) On August 2, 2024 the Company entered into amendments to the Employment Agreements for each of Robert Lynch and Stephanie Sentell, dated March 18, 2024 and June 20, 2024, respectively, copies of which are incorporated by reference to Exhibits 10.2 and 10.4 to the Quarterly Report on Form 10-Q filed on August 2, 2024. The amendments correct the maximum bonus opportunity payable to each of Mr. Lynch and Ms. Sentell, from two times their annual base salary to two times their target bonus opportunity, to reflect the previously agreed terms between the Company and the parties.
(b) Rule 10b5-1 Trading Plans
Pursuant to Item 408(a) of Regulation S-K, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” during thethirteen weeks ended September 25, 2024 as follows:
| Name | Position | Action | Adoption Date | Expiration Date | Aggregate Number of Securities to be Purchased/Sold |
|---|---|---|---|---|---|
| Katherine Fogertey | Chief Financial Officer | Adoption | 9/6/2024 | 6/13/2025 | 22,041 shares to be sold(1) |
(1)Includes 9,725 target shares that may be issued upon the vesting of performance based restrictive stock units at the maximum achievement of the performance targets.
44 |Shake Shack Inc. Form 10-Q
Other than as disclosed above, no other officer or director adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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