As filed with the United States Securities
and Exchange Commission on June 17, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SHAKE SHACK INC.
(Exact Name of Registrant as Specified in its
Charter)
| Delaware |
47-1941186 |
| (State or other jurisdiction of |
(I.R.S. Employer |
| incorporation or organization) |
Identification No.) |
225 Varick Street
Suite 301
New York, New York 10014
(646) 747-7200
(Address, including zip code, of principal executive offices)
SHAKE SHACK INC. 2025 INCENTIVE AWARD PLAN
As Amended and Restated Effective as of June
12, 2024
(Full title of the plan)
Ronald Palmese, Jr., Esq.
Chief Legal Officer
Shake Shack Inc.
225 Varick Street
Suite 301
New York, New York 10014
(646) 747-7241
(Name, address and telephone number, including area code, of agent for service)
Copy to:
Louis Rambo, Esq.
Proskauer Rose LLP
1001 Pennsylvania Avenue, NW
Washington, DC 20004-2533
Tel: (202) 416-6800
Fax: (202) 416-6899
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions
of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging
growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer x |
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Accelerated filer o |
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Non-accelerated filer o
(Do not check if a smaller reporting company) |
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Smaller reporting company o |
| Emerging growth company ¨ |
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If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 7(a)(2)(B) of the Securities Act. ¨
EXPLANATORY NOTE
This Registration Statement on
Form S-8 is being filed to register an additional 842,321 shares of Class A common stock, par value $0.001
(“Class A common stock”), of Shake Shack Inc. (the “Company”) for offer and sale under the
Shake Shack Inc. 2025 Incentive Award Plan (the “Plan”), as amended and restated effective as of June 12, 2024
(which amends and restates the Plan which was previously called the “Shake Shack Inc. 2015 Incentive Award Plan”). The
increase in the number of shares of Class A common stock authorized for issuance under the Plan was approved by the Company’s
stockholders at the Company’s annual meeting of stockholders held on June 12, 2024. The Company previously filed a Registration
Statement on Form S-8 with the Securities and Exchange Commission (the “Commission”) on January 30, 2015
(File No. 333-201798) registering shares of Class A common stock to be issued under the Plan (the “Prior
Registration Statement”). Pursuant to General Instruction E to Form S-8, the contents of the Prior Registration
Statement are incorporated by reference into this Registration Statement, except to the extent supplemented, amended or superseded
by the information set forth herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents
by Reference.
The following documents, which have been filed
by the Company with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
are incorporated by reference in, and shall be deemed to be a part of, this Registration Statement:
| | · | our Annual Report on Form 10-K for the fiscal year ended December 27, 2023, filed with the SEC on February 29, 2024; |
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| | · | the information specifically
incorporated by reference into our Annual Report on Form 10-K for the fiscal year ended December 27, 2023 from our definitive proxy statement on Schedule 14A relating to our 2024 Annual Meeting of Stockholders, filed with the SEC on April 25, 2024; |
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| | · | our Quarterly Report on Form 10-Q for the quarterly period ended March 27, 2024, filed with the SEC on May 3, 2024; |
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| | · | our Current Reports
on Form 8-K, filed with the SEC on January 26, 2024, February 2, 2024, February 15, 2024,
February 26, 2024, March 21, 2024, April 17, 2024, and June 13, 2024; and |
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| | · | the
description of our Class A common stock as set forth in our registration statement on Form 8-A (File No. 001-36749), filed with the SEC on January 28, 2015, pursuant to Section 12(b)
of the Exchange Act, including any subsequent amendments or reports filed for the purpose
of updating such description. |
All reports and other documents filed by the Company
with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to the filing
of a post-effective amendment which indicates that all securities offered pursuant to this Registration Statement have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from
the date of filing of such documents or reports; provided, however, that documents or information deemed to have been furnished and not
filed in accordance with Commission rules shall not be deemed incorporated by reference into this Registration Statement.
For purposes of this Registration Statement, any
document or any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be
modified or superseded to the extent that a subsequently filed document or a statement contained therein, or in any other subsequently
filed document which also is or is deemed to be incorporated by reference, modifies or supersedes such document or such statement in
such document. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part
of this Registration Statement.
Item 8. Exhibits.
* Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities
Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in New York,
New York on the 17th day of June, 2024.
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SHAKE SHACK INC. |
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By: |
/s/
Katherine I. Fogerty |
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Katherine I. Fogerty |
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Chief Financial Officer |
POWER OF ATTORNEY
We, the undersigned officers and directors of
Shake Shack Inc. hereby severally constitute and appoint Robert Lynch and Katherine Fogerty, our true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution for her or him and in her or his name, place and stead, and in any and all
capacities, to sign any and all amendments (including post-effective amendments) to this registration statement (or any other registration
statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933), and to
file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite or necessary
to be done in and about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming
all that said attorney-in-fact and agent, or her or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
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Title |
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Date |
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| /s/ Robert Lynch |
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Chief Executive Officer and Director |
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June 17, 2024 |
| Robert Lynch |
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(Principal Executive Officer) |
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| /s/ Katherine I. Fogerty |
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Chief Financial Officer |
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June 17, 2024 |
| Katherine I. Fogerty |
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(Principal Financial and Accounting Officer) |
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| /s/ Daniel Meyer |
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Chairman of the Board of Directors |
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June 17, 2024 |
| Daniel Meyer |
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| /s/ Sumaiya Balbale |
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Director |
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June 17, 2024 |
| Sumaiya Balbale |
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| /s/ Lori George |
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Director |
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June 17, 2024 |
| Lori George |
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| /s/ Charles J. Chapman III |
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Director |
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June 17, 2024 |
| Charles J. Chapman III |
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| /s/ Anna Fieler |
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Director |
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June 17, 2024 |
| Anna Fieler |
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| /s/ Jeff Flug |
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Director |
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June 17, 2024 |
| Jeff Flug |
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| /s/ Jeffrey D. Lawrence |
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Director |
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June 17, 2024 |
| Jeffrey D. Lawrence |
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| /s/ Joshua Silverman |
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Director |
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June 17, 2024 |
| Joshua Silverman |
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| /s/ Tristan Walker |
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Director |
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June 17, 2024 |
| Tristan Walker |
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Exhibit 5.1
 | Proskauer Rose LLP Eleven Times Square, New York, New York 10036-8299 |
June 17, 2024
Shake Shack Inc.
225 Varick Street
Suite 301
New York, New York 10014
Ladies and Gentlemen:
We are acting as counsel to
Shake Shack Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing with the Securities
and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”),
of a registration statement on Form S-8 (the “Registration Statement”), relating to the registration of an additional
842,321 shares of Class A Common Stock, par value $0.001 per share (the “Shares”), that may be issued by the Company
pursuant to the Shake Shack Inc. 2025 Incentive Award Plan, as amended and restated and amended from time to time (the “Plan”).
As such counsel, we have participated
in the preparation of the Registration Statement and have examined originals or copies of such documents, corporate records and other
instruments as we have deemed relevant, including, without limitation: (i) the Company’s Amended and Restated Certificate of Incorporation;
(ii) the Company’s Second Amended and Restated Bylaws; (iii) certain of the resolutions of the Board of Directors of the Company
relating to the Plan and to the authorization for the issuance of the Shares; and (iv) the Registration Statement, together with the exhibits
filed as a part thereof and including any documents incorporated by reference therein.
We have made such examination
of law as we have deemed necessary to express the opinion contained herein. As to matters of fact relevant to this opinion, we have relied
upon, and assumed without independent verification, the accuracy of certificates of public officials and officers of the Company. We have
assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of documents submitted to us as originals,
the conformity to the original documents of all documents submitted to us as certified, facsimile or photostatic copies, and the authenticity
of the originals of such copies.
Based upon the foregoing,
and subject to the limitations, qualifications, exceptions and assumptions expressed herein, we are of the opinion, assuming no change
in the applicable law or pertinent facts, that when and to the extent the Shares are issued in accordance with the terms of the Plan the
Shares will be validly issued, fully paid and non-assessable.
This opinion is based upon
and expressly limited in all respects to the General Corporation Law of the State of Delaware, as in effect on the date hereof.
This opinion is expressly
limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters. This opinion
is rendered as of the date hereof, and we disclaim any obligation to advise you of any changes in applicable law or any other facts, circumstances,
events, developments or other matters that may come to our attention after the date hereof that may alter, affect or modify the opinion
expressed herein.
Boca Raton | Boston | Chicago | Hong Kong | London | Los Angeles |
New Orleans | New York | Newark | Paris | São Paulo | Washington, D.C.
Page 2
We hereby consent to the filing
of this opinion letter as Exhibit 5.1 to the Registration Statement. In giving the foregoing consent, we do not admit that we are in the
category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated
thereunder.
Very truly yours,
/s/ Proskauer Rose LLP
Exhibit 23.1
Consent of Independent Registered Public Accounting
Firm
We consent to the incorporation by reference in the Registration Statement
(Form S-8) pertaining to the 2025 Incentive Award Plan of Shake Shack Inc. of our reports dated February 29, 2024, with respect to
the consolidated financial statements of Shake Shack Inc., and the effectiveness of internal control over financial reporting of
Shake Shack Inc., included in its Annual Report (Form 10-K) for the year ended December 27, 2023, filed with the Securities and Exchange
Commission.
/s/ Ernst & Young LLP
New York, New York
June 17, 2024
Exhibit 107
Calculation of Filing Fee Table
Form S-8
(Form Type)
Shake Shack Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security
Type |
Security
Class
Title |
Fee
Calculation
Rule |
Amount
Registered(1) |
Proposed
Maximum
Offering
Price Per
Unit(2) |
Maximum
Aggregate
Offering
Price(2) |
Fee
Rate |
Amount of
Registration Fee |
| Equity |
Class A Common Stock, par value $0.001 per share |
Rule 457(c) and Rule 457(h) |
842,321 |
$93.19 |
$78,495,893.99 |
$147.60 per $1,000,000 |
$11,586 |
| Total Offering Amounts |
$78,495,893.99 |
|
$11,586 |
| Total Fee Offsets |
— |
— |
— |
| Net Fees Due |
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$11,586 |
| (1) |
In accordance with Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement on Form S-8 shall also cover any additional shares of Class A Common Stock, par value $0.001 per share (“Class A Common Stock”) of Shake Shack Inc. (the “Company”) as may be offered or issued under the Shake Shack Inc. 2025 Incentive Award Plan (the “Plan”), resulting from any stock split, dividend, recapitalization or other similar transactions which results in an increase in the number of outstanding shares of Class A Common Stock. |
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| (2) |
Estimated solely for the purpose of determining the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act, based on the average of the high and low sales prices of the Class A Common Stock as reported on the New York Stock Exchange on June 13, 2024. |
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| (3) |
The Company is registering an additional 842,321 shares of Class A Common Stock relating to the
Plan. Pursuant to General Instruction E to Form S-8, the fee set forth in the table above is only with respect to those additional shares. |
Grafico Azioni Shake Shack (NYSE:SHAK)
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