The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack, is seeking three board seats and is planning to...
Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price.
The Journal reported... Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. The Journal reported that Engaged has been in talks with Shake Shack for more than six months, and wants the company to hire a consulting company to improve efficiency, eyeing a way to double its profitability within two years. Engaged also reportedly seeks changes to Shake Shack’s supervoting share structure.
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