Shareholder Activism Practice Negotiates Two More Board Seats and Governance Improvements for Engaged Capital at Shake Shack

Olshan client Engaged Capital reached an agreement with Shake Shack for two new independent directors to join Shake Shack’s board. Shake Shack also agreed to retain a consulting firm to support operational initiatives to improve restaurant execution, cost structure and profitability. As part of the agreement, Chairman Danny Meyer also agreed to an immediate reduction and subsequent elimination of his director designation rights.

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.