Shake Shack Announces Commencement of Proposed Secondary Offering of Common Stock

NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), today announced the commencement of a secondary offering of its Class A common stock (the “Offering”) pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Selling Stockholders intend to offer 4,000,000 shares of the Company's Class A Common Stock for sale. Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of the Company's Class A Common Stock. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.

J.P. Morgan Securities LLC is acting as sole lead book-running manager in the proposed offering. Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman, Sachs & Co., Jefferies LLC, William Blair & Company, L.L.C. and Stifel are acting as book-running managers in the proposed offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866) 803-9204.

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Shake Shack

Shake Shack® (NYSE: SHAK) is a modern day “roadside” burger stand known for its 100% all-natural, antibiotic-free Angus beef burgers (no hormones added ever), hot dogs, frozen custard, crinkle cut fries, beer and wine (available at select locations), and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community-gathering place with widespread appeal. From its premium ingredients and caring hiring practices to its environmentally responsible designs and deep community investment, Shake Shack’s mission is to Stand For Something Good®. Since the original Shack opened in 2004 in NYC’s Madison Square Park, the Company has opened multiple locations in 12 states and the District of Columbia, as well as international locations including in London, Istanbul, Dubai, Moscow, and more.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150810006293/en/

Investors:
ICR
Michelle Epstein, (844) SHACK-04 (844-742-2504)
[email protected]
or
Media:
Shake Shack
Edwin Bragg, 646-747-6654
[email protected]

Source: Shake Shack Inc.

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