Shake Shack Announces Board Departure of Director Anna Fieler Ahead of 2025 Annual Meeting

Shake Shack Inc. (NYSE: SHAK) has announced the upcoming departure of Board Member Anna Fieler, who has served on the company’s Board of Directors for more than seven years. According to a regulatory filing submitted on April 23, 2025, Fieler informed the Board of her intent to step down effective immediately prior to the company’s 2025 Annual Meeting of Stockholders.

In addition to resigning from her role as a Class I director, Ms. Fieler will also exit her position on the Board’s Compensation Committee. Her departure is not related to any dispute or disagreement with the company or its Board.

In response to her decision, Shake Shack’s Board of Directors has approved a reduction in the number of Board seats from ten to nine. Following the change, the Board will consist of three directors in each of the three staggered classes (Class I, II, and III).

The company expressed appreciation for Ms. Fieler’s contributions during her tenure, which spanned a period of strategic growth and brand development.

The announcement was made official through a filing with the U.S. Securities and Exchange Commission and signed by Chief Legal Officer Ronald Palmese, Jr.

Shake Shack Inc. filed a correction to its Annual Report on Form 10-K for the fiscal year ended December 25, 2024. The original report incorrectly stated that digital sales had decreased when they actually increased. The corrected figures show that digital sales grew by 20.1% for the thirteen-week period and 20.3% for the fifty-two-week period. Digital orders accounted for 36.6% of total Shack sales during the thirteen-week period. No other changes were made to the Form 10-K.

Shake Shack delivered strong financial results for the fourth quarter and full year 2024, with double-digit revenue growth and improved profitability.

In Q4, total revenue reached $328.7 million, a 14.8% increase from 2023, driven by $316.6 million in Shack sales and $12.1 million in licensing revenue. System-wide sales rose 13.3% to $500.7 million, while same-Shack sales grew 4.3%. Operating income was $10.2 million, and net income stood at $9.3 million. Adjusted EBITDA came in at $46.7 million, and the company earned $0.21 per diluted share. Shake Shack opened 19 new company-operated locations and nine licensed locations during the quarter.

For the full year, total revenue increased 15.2% to $1.25 billion, with system-wide sales reaching $1.92 billion, up 13.0%. Same-Shack sales improved 3.6%. Operating income was $3.0 million, while net income totaled $10.8 million. Restaurant-level profit margin expanded to 21.4%, generating adjusted EBITDA of $175.6 million. Net income per diluted share was $0.24, with adjusted pro forma net income of $40.5 million, or $0.92 per share. The company continued its aggressive expansion, opening 43 company-operated and 33 licensed Shacks in 2024.

Shake Shack’s growth trajectory remains strong, with continued revenue expansion, improved restaurant profitability, and strategic new openings positioning the brand for further success in 2025.