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SHAKE SHACK INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and SHAKE SHACK INC.’s Form 8-K, filed 2025-06-04 (Item 5.07 on EDGAR). Page generated 04 October 2026.

11Reported items
397Asset managers
1,825Fund votes
2025-06-04Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore SHAKE SHACK INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by SHAKE SHACK INC.

These tallies are SHAKE SHACK INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-04 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

SHAKE SHACK INC. — official shareholder meeting results, meeting held 2025-06-04
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Daniel Meyer	29,821,669	--	--	3,320,031	4,374,237	Majority: yes
Elect Director: Jeff Flug	30,974,665	--	--	2,167,035	4,374,237	Majority: yes
Elect Director: Lori George	23,660,329	--	--	9,481,371	4,374,237	Majority: yes

Source: SHAKE SHACK INC., Form 8-K, filed with the SEC on 2025-06-04 — read the filing on EDGAR.

How asset managers voted at the SHAKE SHACK INC. 2024-2025 meeting

Each item below shows how the 397 asset managers that disclosed a SHAKE SHACK INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of SHAKE SHACK INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approval, on an advisory basis, of the compensation of our Named Executive Officers.

COMPENSATION

Meeting held 2025-06-04.

Combines 3 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 374 asset managers below cast 97% of the shares they voted on this item FOR (31,624,234 for, 1,076,156 against).

FOR: 31,624,234 (96.7%)AGAINST: 1,076,156 (3.3%)ABSTAIN: 7,125 (0.0%)NOT VOTED: 227 (0.0%)

Largest asset managers voting on “Approval, on an advisory basis, of the compensation of our Named Executive Officers.” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,506,935	1,945	For
BlackRock	4,885,435	427	For
State Street	1,918,387	0	For
Wellington	1,901,982	0	For
Invesco	1,809,977	0	For
12 West Capital Management LP	1,483,267	0	For
Fidelity	1,302,133	0	For
GEODE CAPITAL MANAGEMENT, LLC	907,221	0	For
Charles Schwab	683,644	0	For
AMERIPRISE FINANCIAL INC	652,543	0	For
Junto Capital Management LP	529,915	0	For
JENNISON ASSOCIATES LLC	427,256	1,233	For
WASATCH ADVISORS LP	424,200	0	For
Dimensional	417,888	0	For
BNP Paribas Asset Management Holding S.A.	0	407,831	Against
Northern Trust	384,838	0	For
WASATCH FUNDS TRUST	369,060	0	For
Van Berkom & Associates Inc.	302,469	0	For
Fisher Asset Management, LLC	289,216	0	For
Nuveen	284,232	0	For
TIAA	279,544	0	For
Goldman Sachs	264,821	0	For
MELLON INVESTMENTS Corp	262,437	0	For
Aperture Investors, LLC	259,814	0	For
Jackson National	255,893	0	For

Showing the 25 largest of 374 asset managers. See all 374 in the interactive database.

2. Ratification of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm.

AUDIT-RELATED

Meeting held 2025-06-04.

Combines 2 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 91 asset managers below cast 99.8% of the shares they voted on this item FOR (14,993,218 for, 19,750 against).

FOR: 14,993,218 (99.8%)AGAINST: 19,750 (0.1%)ABSTAIN: 7,125 (0.0%)NOT VOTED: 173 (0.0%)

Largest asset managers voting on “Ratification of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm.” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,396,512	0	For
BlackRock	3,581,443	0	For
Fidelity	1,006,804	0	For
Invesco	833,074	0	For
State Street	587,467	43	For
WASATCH FUNDS TRUST	369,060	0	For
Dimensional	333,285	0	For
Charles Schwab	324,117	0	For
TIAA	279,525	0	For
Jackson National	255,893	0	For
Goldman Sachs	181,393	0	For
Prudential/PGIM	165,888	0	For
Advisors' Inner Circle Fund II	135,000	0	For
Equitable	133,003	0	For
OLD WESTBURY FUNDS INC	115,000	0	For
Columbia Threadneedle	88,242	0	For
Bridge Builder Trust	82,740	0	For
QUANTITATIVE MASTER SERIES LLC	64,807	0	For
ALGER FUNDS	58,210	0	For
Morgan Stanley	54,930	0	For
CARILLON SERIES TRUST	54,782	0	For
JPMorgan	52,912	0	For
AIG/SunAmerica	46,386	0	For
BNY Mellon	44,703	0	For
MassMutual	44,645	0	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

3. Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Daniel Meyer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-04.

Combines 6 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 29,821,669WITHHELD: 3,320,031

SHAKE SHACK INC.’s own tally for this item (“Elect Director: Daniel Meyer”): 29,821,669 for, 3,320,031 withheld, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 40,120,000 outstanding shares: 74% for, 8% withheld (83% of the company cast a for/withheld vote).

The 88 asset managers below cast 100% of the shares they voted on this item FOR (14,111,376 for, 0 against).

FOR 93%

FOR: 14,111,376 (93.4%)ABSTAIN: 1,004,742 (6.6%)NOT VOTED: 173 (0.0%)

Largest asset managers voting on “Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Daniel Meyer” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	5,394,564	1,948	For
BlackRock	3,581,443	0	For
Fidelity	1,006,804	0	For
Invesco	833,074	0	For
State Street	15,537	571,973	Abstain
WASATCH FUNDS TRUST	369,060	0	For
Dimensional	0	333,285	Abstain
Charles Schwab	324,117	0	For
TIAA	279,525	0	For
Jackson National	247,175	8,718	For
Goldman Sachs	181,393	0	For
Prudential/PGIM	160,104	5,784	For
Advisors' Inner Circle Fund II	135,000	0	For
Equitable	133,003	0	For
OLD WESTBURY FUNDS INC	115,000	0	For
Brighthouse	94,023	7,125	For
Columbia Threadneedle	88,242	0	For
Bridge Builder Trust	82,740	0	For
QUANTITATIVE MASTER SERIES LLC	64,807	0	For
ALGER FUNDS	58,210	0	For
Morgan Stanley	54,930	0	For
CARILLON SERIES TRUST	54,782	0	For
JPMorgan	52,912	0	For
AIG/SunAmerica	46,386	0	For
BNY Mellon	44,703	0	For

Showing the 25 largest of 88 asset managers. See all 88 in the interactive database.

4. Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Jeff Flug

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-04.

Combines 6 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 30,974,665WITHHELD: 2,167,035

SHAKE SHACK INC.’s own tally for this item (“Elect Director: Jeff Flug”): 30,974,665 for, 2,167,035 withheld, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 40,120,000 outstanding shares: 77% for, 5% withheld (83% of the company cast a for/withheld vote).

The 88 asset managers below cast 100% of the shares they voted on this item FOR (14,646,416 for, 0 against).

FOR 97%

FOR: 14,646,416 (96.9%)ABSTAIN: 469,702 (3.1%)NOT VOTED: 173 (0.0%)

Largest asset managers voting on “Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Jeff Flug” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	5,396,509	3	For
BlackRock	3,581,443	0	For
Fidelity	1,006,804	0	For
Invesco	833,074	0	For
State Street	587,467	43	For
WASATCH FUNDS TRUST	369,060	0	For
Dimensional	0	333,285	Abstain
Charles Schwab	324,117	0	For
TIAA	279,525	0	For
Jackson National	247,175	8,718	For
Goldman Sachs	181,393	0	For
Prudential/PGIM	160,104	5,784	For
Advisors' Inner Circle Fund II	135,000	0	For
Equitable	94,433	38,570	For
OLD WESTBURY FUNDS INC	115,000	0	For
Brighthouse	94,023	7,125	For
Columbia Threadneedle	88,242	0	For
Bridge Builder Trust	62,700	20,040	For
QUANTITATIVE MASTER SERIES LLC	64,807	0	For
ALGER FUNDS	58,210	0	For
Morgan Stanley	54,930	0	For
CARILLON SERIES TRUST	54,782	0	For
JPMorgan	52,912	0	For
AIG/SunAmerica	46,386	0	For
BNY Mellon	44,703	0	For

Showing the 25 largest of 88 asset managers. See all 88 in the interactive database.

5. Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Lori George

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-04.

Combines 7 wordings of this item as funds reported it.

71% Majority: yes · of votes cast

FOR 71%WITHHELD 29%

FOR: 23,660,329WITHHELD: 9,481,371

SHAKE SHACK INC.’s own tally for this item (“Elect Director: Lori George”): 23,660,329 for, 9,481,371 withheld, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 40,120,000 outstanding shares: 59% for, 24% withheld (83% of the company cast a for/withheld vote).

The 81 asset managers below cast 100% of the shares they voted on this item FOR (10,708,952 for, 0 against).

FOR 80%ABSTAIN 20%

FOR: 10,708,952 (79.8%)ABSTAIN: 2,707,521 (20.2%)

Largest asset managers voting on “Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Lori George” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	4,302,214	13	For
BlackRock	3,581,443	0	For
Fidelity	1,006,804	0	For
Invesco	0	833,074	Abstain
State Street	586,795	715	For
WASATCH FUNDS TRUST	369,060	0	For
Dimensional	0	333,285	Abstain
TIAA	279,525	0	For
Jackson National	0	255,893	Abstain
Goldman Sachs	0	181,393	Abstain
Advisors' Inner Circle Fund II	135,000	0	For
Equitable	94,433	38,570	For
OLD WESTBURY FUNDS INC	0	115,000	Abstain
Brighthouse	0	94,023	Abstain
Columbia Threadneedle	0	88,242	Abstain
Bridge Builder Trust	7,430	75,310	Abstain
QUANTITATIVE MASTER SERIES LLC	64,807	0	For
ALGER FUNDS	0	58,210	Abstain
Morgan Stanley	54,930	0	For
CARILLON SERIES TRUST	0	54,782	Abstain
JPMorgan	52,912	0	For
AIG/SunAmerica	0	46,386	Abstain
BNY Mellon	0	44,703	Abstain
MADISON FUNDS	44,509	0	For
Lincoln Financial	34,775	7,101	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

6. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-04.

73% fund support · no official result

FOR 73%AGAINST 27%

The 14 asset managers below cast 73% of the shares they voted on this item FOR (331,179 for, 120,748 against).

FOR: 331,179 (73.3%)AGAINST: 120,748 (26.7%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Against	Vote
JPMorgan	144,052	0	For
NORDEA INVESTMENT MANAGEMENT AB	0	78,293	Against
Brighthouse	77,435	0	For
Desjardins Global Asset Management Inc.	0	42,455	Against
EFG Asset Management (North America) Corp.	40,125	0	For
FAYEZ SAROFIM & CO	31,827	0	For
Empower	30,837	0	For
CLEARWATER INVESTMENT TRUST	2,813	0	For
Cornerstone Investment Partners, LLC	2,321	0	For
ESSEX INVESTMENT MANAGEMENT CO LLC	1,096	0	For
COOPER INVESTORS PTY LTD	502	0	For
MILLER HOWARD INVESTMENTS INC /NY	100	0	For
TD ASSET MANAGEMENT INC	39	0	For
UNIFIED SERIES TRUST	32	0	For

7. Elect Lori G. Billingsley

DIRECTOR ELECTIONS

Meeting held 2025-06-04.

100% fund support · no official result

FOR 99.4%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (1,693,674 for, 0 against).

FOR: 1,693,674 (99.5%)ABSTAIN: 9,068 (0.5%)NOT VOTED: 173 (0.0%)

Largest asset managers voting on “Elect Lori G. Billingsley” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	1,092,342	1,943	For
Charles Schwab	324,117	0	For
Prudential/PGIM	159,754	0	For
Neuberger Berman	43,851	0	For
Global X	22,333	0	For
MassMutual	17,804	0	For
SEI	12,368	0	For
MML SERIES INVESTMENT FUND	7,666	0	For
Brighthouse	0	7,125	Abstain
Russell Investments	7,115	0	For
Federated Hermes	4,726	0	For
Nationwide	1,441	0	For
Spinnaker ETF Series	0	0	Not Voted
NEW COVENANT FUNDS	157	0	For

8. Ratify Ernst & Young LLP as Auditors

AUDIT-RELATED

Meeting held 2025-06-04.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (111,117 for, 0 against).

FOR: 111,117 (100.0%)

Largest asset managers voting on “Ratify Ernst & Young LLP as Auditors” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Vote
Brighthouse	77,435	For
Empower	30,837	For
CLEARWATER INVESTMENT TRUST	2,813	For
UNIFIED SERIES TRUST	32	For

9. DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-06-04.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (11,995 for, 0 against).

FOR: 11,995 (100.0%)

Largest asset managers voting on “DIRECTOR” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Vote
Gabelli	6,000	For
Tidal Trust III	4,376	For
BOSUN ASSET MANAGEMENT, LLC	1,619	For

10. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-04.

59% fund support · no official result

FOR 48.0%AGAINST 33%NOT VOTED 19%

The 2 asset managers below cast 59% of the shares they voted on this item FOR (369 for, 255 against).

FOR: 369 (48.0%)AGAINST: 255 (33.2%)NOT VOTED: 145 (18.9%)

Largest asset managers voting on “14A Executive Compensation” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Focus Partners Wealth	369	255	0	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	0	0	Not Voted

11. Approval, on an advisory basis, of the compensation of our Named Executive Officers.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-12 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 90 against).

AGAINST: 90 (100.0%)

Largest asset managers voting on “Approval, on an advisory basis, of the compensation of our Named Executive Officers.” at SHAKE SHACK INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
COLDSTREAM CAPITAL MANAGEMENT INC	0	90	0	0	Against
Echo45 Advisors LLC	0	0	0	0	--

Largest SHAKE SHACK INC. shareholders voting in 2024-2025

Ranked by the number of SHAKE SHACK INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 40,120,000 shares outstanding at the time of that meeting.

Top SHAKE SHACK INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	13.73%
2	BlackRock	12.18%
3	State Street	4.78%
4	Wellington	4.74%
5	Invesco	4.51%
6	12 West Capital Management LP	3.70%
7	Fidelity	3.25%
8	GEODE CAPITAL MANAGEMENT, LLC	2.26%
9	Charles Schwab	1.70%
10	AMERIPRISE FINANCIAL INC	1.63%

Reported SHAKE SHACK INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

SHAKE SHACK INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	15.46%	13F
Vanguard Group	10.88%	13F
Wellington Management	6.53%	13F
Vanguard Portfolio Management	5.82%	13G
Daniel Meyer	4.23%	DEF14A
Citadel Advisors	3.77%	13F
State Street	3.63%	13F
Invesco	3.17%	13F
Goldman Sachs	2.05%	13F
Morgan Stanley	1.83%	13F

Percentages above are of 40,120,000 shares outstanding, as reported by SHAKE SHACK INC. on its Form 10-Q dated 2025-03-26 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from SHAKE SHACK INC.’s 10-Q dated 2025-03-26. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At SHAKE SHACK INC.'s shareholder meeting held 2025-06-04, in the 2024-2025 proxy season, 397 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,825 separate fund positions. Their filings are grouped here into 11 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. SHAKE SHACK INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Approval, on an advisory basis, of the compensation of our Named Executive Officers. — the reporting funds cast 97% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

SHAKE SHACK INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.