Home › Companies › SHAKE SHACK INC. › 2024-2025

SHAKE SHACK INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and SHAKE SHACK INC.’s Form 8-K, filed June 4, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

5Ballot items
393Asset managers
1,790Fund votes
June 4, 2025Meeting date

Results at a glance

Meeting of June 4, 2025: 5 items on SHAKE SHACK INC.’s Form 8-K, filed June 4, 2025: 2 approved · 3 without a stated outcome.

Material dissent

Elect Director: Lori George 71% of votes cast Outcome not stated Director under 80%

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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 June 4, 2025 (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 June 4, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Daniel Meyer	29,821,669	--	--	3,320,031	4,374,237	90%	Not verified	—
Elect Director: Jeff Flug	30,974,665	--	--	2,167,035	4,374,237	93%	Not verified	—
Elect Director: Lori George	23,660,329	--	--	9,481,371	4,374,237	71%	Not verified	—
Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025 Shake Shack's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public ac	37,333,875	161,865	20,197	--	0	99.5%	Approved	—
Proposal 3: Advisory Vote on the Compensation of Named Executive Officers Shake Shack's stockholders approved the advisory resolution approving the compensation of Shake Shack's Named Executive Officers	31,508,136	1,494,774	138,790	--	4,374,237	95%	Approved	—

Source: SHAKE SHACK INC., Form 8-K, filed with the SEC on June 4, 2025 — read the filing on EDGAR.

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

Each item below shows how the 393 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.

1. Elect Director: Daniel Meyer

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%

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

Details: description as filed, official tally, votes by 88 asset managers

Description as filed by funds: Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Daniel Meyer

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 June 4, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 88 asset managers below reported 14,143,519 for, 989,064 withheld, 17,944 abstained, 173 not voted.

FOR

FOR: 14,143,519ABSTAIN: 17,944WITHHOLD: 989,064NOT VOTED: 173

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	Withheld	Vote
Vanguard	5,394,564	5	1,943	For
BlackRock	3,581,443	0	0	For
Fidelity	1,006,804	0	0	For
Invesco	833,074	0	0	For
State Street	15,537	0	571,973	Withhold
WASATCH FUNDS TRUST	369,060	0	0	For
Dimensional	0	0	333,285	Withhold
Charles Schwab	324,117	0	0	For
TIAA	279,525	0	0	For
Jackson National	247,175	8,718	0	For
Goldman Sachs	181,393	0	0	For
Prudential/PGIM	160,104	0	5,784	For
Advisors' Inner Circle Fund II	135,000	0	0	For
Equitable	133,003	0	0	For
OLD WESTBURY FUNDS INC	115,000	0	0	For
Brighthouse	94,023	0	7,125	Mixed
Columbia Threadneedle	88,242	0	0	For
JPMorgan	85,055	0	0	For
Bridge Builder Trust	82,740	0	0	For
QUANTITATIVE MASTER SERIES LLC	64,807	0	0	For
ALGER FUNDS	58,210	0	0	For
Morgan Stanley	54,930	0	0	For
CARILLON SERIES TRUST	54,782	0	0	For
AIG/SunAmerica	46,386	0	0	For
BNY Mellon	44,703	0	0	For

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

2. Elect Director: Jeff Flug

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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

Details: description as filed, official tally, votes by 88 asset managers

Description as filed by funds: Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Jeff Flug

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 June 4, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 88 asset managers below reported 14,678,559 for, 433,986 withheld, 37,982 abstained, 173 not voted.

FOR

FOR: 14,678,559ABSTAIN: 37,982WITHHOLD: 433,986NOT VOTED: 173

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	Withheld	Vote
Vanguard	5,396,509	3	0	For
BlackRock	3,581,443	0	0	For
Fidelity	1,006,804	0	0	For
Invesco	833,074	0	0	For
State Street	587,467	0	43	For
WASATCH FUNDS TRUST	369,060	0	0	For
Dimensional	0	0	333,285	Withhold
Charles Schwab	324,117	0	0	For
TIAA	279,525	0	0	For
Jackson National	247,175	8,718	0	For
Goldman Sachs	181,393	0	0	For
Prudential/PGIM	160,104	0	5,784	For
Advisors' Inner Circle Fund II	135,000	0	0	For
Equitable	94,433	0	38,570	Mixed
OLD WESTBURY FUNDS INC	115,000	0	0	For
Brighthouse	94,023	0	7,125	Mixed
Columbia Threadneedle	88,242	0	0	For
JPMorgan	85,055	0	0	For
Bridge Builder Trust	62,700	20,040	0	Mixed
QUANTITATIVE MASTER SERIES LLC	64,807	0	0	For
ALGER FUNDS	58,210	0	0	For
Morgan Stanley	54,930	0	0	For
CARILLON SERIES TRUST	54,782	0	0	For
AIG/SunAmerica	46,386	0	0	For
BNY Mellon	44,703	0	0	For

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

3. Elect Director: Lori George

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

71% Majority: yes · of votes cast

FOR 71%WITHHELD

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

Details: description as filed, official tally, votes by 81 asset managers

Description as filed by funds: Election of Directors - Terms expiring at the 2028 Annual Meeting of Stockholders: Lori George

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 June 4, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 71% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 81 asset managers below reported 10,741,095 for, 2,293,081 withheld, 416,706 abstained.

FORWITHHOLD

FOR: 10,741,095ABSTAIN: 416,706WITHHOLD: 2,293,081

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	Withheld	Vote
Vanguard	4,302,214	13	0	For
BlackRock	3,581,443	0	0	For
Fidelity	1,006,804	0	0	For
Invesco	0	0	833,074	Withhold
State Street	586,795	0	715	For
WASATCH FUNDS TRUST	369,060	0	0	For
Dimensional	0	0	333,285	Withhold
TIAA	279,525	0	0	For
Jackson National	0	255,893	0	Abstain
Goldman Sachs	0	0	181,393	Withhold
Advisors' Inner Circle Fund II	135,000	0	0	For
Equitable	94,433	0	38,570	Mixed
OLD WESTBURY FUNDS INC	0	0	115,000	Withhold
Brighthouse	0	0	94,023	Withhold
Columbia Threadneedle	0	0	88,242	Withhold
JPMorgan	85,055	0	0	For
Bridge Builder Trust	7,430	75,310	0	Mixed
QUANTITATIVE MASTER SERIES LLC	64,807	0	0	For
ALGER FUNDS	0	0	58,210	Withhold
Morgan Stanley	54,930	0	0	For
CARILLON SERIES TRUST	0	54,782	0	Abstain
AIG/SunAmerica	0	0	46,386	Withhold
BNY Mellon	0	0	44,703	Withhold
MADISON FUNDS	44,509	0	0	For
Lincoln Financial	34,775	0	7,101	Mixed

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

4. Proposal 3: Advisory Vote on the Compensation of Named Executive Officers Shake Shack's stockholders approved the…

Official result Fund totals may overlapCOMPENSATIONReported outcome: Approved

Combines 8 wordings of this item as funds reported it.

95% Approved · of votes cast

FOR 95%

FOR: 31,508,136AGAINST: 1,494,774

Details: description as filed, official tally, votes by 393 asset managers

Description as filed by funds: Approval, on an advisory basis, of the compensation of our Named Executive Officers.

SHAKE SHACK INC.’s own tally for this item (“Proposal 3: Advisory Vote on the Compensation of Named Executive Officers Shake Shack's stockholders approved the advisory resolution approving the compensation of Shake Shack's Named Executive Officers”): 31,508,136 for, 1,494,774 against — passed, per its Form 8-K filed June 4, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 3 - Advisory Vote on the Compensation of Named Executive Officers Shake Shack's stockholders approved the advisory resolution approving the compensation of Shake Shack's Named Executive Officers.”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 92 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	Vote
Vanguard	5,394,567	1,945	0	For
BlackRock	3,581,443	0	0	For
Fidelity	1,006,804	0	0	For
Invesco	833,074	0	0	For
State Street	587,510	0	0	For
WASATCH FUNDS TRUST	369,060	0	0	For
Dimensional	333,285	0	0	For
Charles Schwab	324,117	0	0	For
TIAA	279,525	0	0	For
Jackson National	255,893	0	0	For
Goldman Sachs	181,393	0	0	For
Prudential/PGIM	165,888	0	0	For
Advisors' Inner Circle Fund II	135,000	0	0	For
Equitable	133,003	0	0	For
OLD WESTBURY FUNDS INC	115,000	0	0	For
Brighthouse	94,023	0	7,125	Mixed
Columbia Threadneedle	88,242	0	0	For
JPMorgan	85,055	0	0	For
Bridge Builder Trust	82,740	0	0	For
QUANTITATIVE MASTER SERIES LLC	64,807	0	0	For
ALGER FUNDS	58,210	0	0	For
Morgan Stanley	54,930	0	0	For
CARILLON SERIES TRUST	54,782	0	0	For
AIG/SunAmerica	46,386	0	0	For
BNY Mellon	44,703	0	0	For

Fund voting reports, all 92 managers: 15,079,710 for, 77,165 against, 7,125 abstained, 173 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 332 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
Wellington	1,901,982	0	For
12 West Capital Management LP	1,483,267	0	For
State Street	1,330,877	0	For
BlackRock	1,303,992	427	For
Invesco	976,903	0	For
GEODE CAPITAL MANAGEMENT, LLC	907,221	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
BNP Paribas Asset Management Holding S.A.	0	407,831	Against
Northern Trust	362,823	0	For
Charles Schwab	359,527	0	For
Van Berkom & Associates Inc.	302,469	0	For
Fidelity	295,329	0	For
Fisher Asset Management, LLC	289,216	0	For
Nuveen	283,998	0	For
MELLON INVESTMENTS Corp	262,437	0	For
Aperture Investors, LLC	259,814	0	For
BESSEMER INVESTMENT MANAGEMENT LLC	230,000	0	For
Bessemer Trust Co of California, N.A.	230,000	0	For
PRINCIPAL GLOBAL INVESTORS	200,477	0	For
Morgan Stanley	191,060	0	For
Neuberger Berman	184,239	0	For
FRED ALGER MANAGEMENT, LLC	168,611	0	For

Institutional-manager reports, all 332 managers: 16,933,327 for, 1,119,961 against, 54 not voted, 145 unknown. Showing the 25 largest; see all in the interactive database.

5. Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm for the Fiscal Year Ending…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

99.5% Approved · of votes cast

FOR 99.5%

FOR: 37,333,875AGAINST: 161,865

Details: description as filed, official tally, votes by 93 asset managers

Description as filed by funds: Ratification of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm.

SHAKE SHACK INC.’s own tally for this item (“Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025 Shake Shack's stockholders ratified the appointment of Ernst & Young LLP as the Co”): 37,333,875 for, 161,865 against — passed, per its Form 8-K filed June 4, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 2 - Ratification of the Appointment of Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025 Shake Shack's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year endi…”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 93 asset managers below reported 15,138,744 for, 19,750 against, 7,125 abstained, 173 not voted.

FOR

FOR: 15,138,744AGAINST: 19,750ABSTAIN: 7,125NOT VOTED: 173

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	Abstain	Vote
Vanguard	5,396,512	0	0	For
BlackRock	3,581,443	0	0	For
Fidelity	1,006,804	0	0	For
Invesco	833,074	0	0	For
State Street	587,467	43	0	For
WASATCH FUNDS TRUST	369,060	0	0	For
Dimensional	333,285	0	0	For
Charles Schwab	324,117	0	0	For
TIAA	279,525	0	0	For
Jackson National	255,893	0	0	For
Goldman Sachs	181,393	0	0	For
Prudential/PGIM	165,888	0	0	For
Advisors' Inner Circle Fund II	135,000	0	0	For
Equitable	133,003	0	0	For
OLD WESTBURY FUNDS INC	115,000	0	0	For
Brighthouse	94,023	0	7,125	Mixed
Columbia Threadneedle	88,242	0	0	For
JPMorgan	85,055	0	0	For
Bridge Builder Trust	82,740	0	0	For
QUANTITATIVE MASTER SERIES LLC	64,807	0	0	For
ALGER FUNDS	58,210	0	0	For
Morgan Stanley	54,930	0	0	For
CARILLON SERIES TRUST	54,782	0	0	For
AIG/SunAmerica	46,386	0	0	For
BNY Mellon	44,703	0	0	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

Largest SHAKE SHACK INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 40,120,000 shares outstanding at the time of that meeting.

Fund voting reports: top SHAKE SHACK INC. shareholders by shares voted on “Approval, on an advisory basis, of the compensation of our Named Executive Officers.”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	13.45%
2	BlackRock	8.93%
3	Fidelity	2.51%
4	Invesco	2.08%
5	State Street	1.46%
6	WASATCH FUNDS TRUST	0.92%
7	Dimensional	0.83%
8	Charles Schwab	0.81%
9	TIAA	0.70%
10	Jackson National	0.64%

Institutional-manager reports: top SHAKE SHACK INC. shareholders by shares voted on “Approval, on an advisory basis, of the compensation of our Named Executive Officers.”, 2024-2025
#	Asset manager	% of shares outstanding
1	Wellington	4.74%
2	12 West Capital Management LP	3.70%
3	State Street	3.32%
4	BlackRock	3.25%
5	Invesco	2.43%
6	GEODE CAPITAL MANAGEMENT, LLC	2.26%
7	AMERIPRISE FINANCIAL INC	1.63%
8	Junto Capital Management LP	1.32%
9	JENNISON ASSOCIATES LLC	1.07%
10	WASATCH ADVISORS LP	1.06%

Reported SHAKE SHACK INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

SHAKE SHACK INC. holdings and ownership disclosed 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 March 26, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 March 26, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At SHAKE SHACK INC.'s shareholder meeting held June 4, 2025, in the 2024-2025 proxy season, 393 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 1,790 separate fund positions. On the most widely held item on that ballot — Approval, on an advisory basis, of the compensation of our Named Executive Officers. — SHAKE SHACK INC.'s filing reports the proposal as approved, with 95% support of the votes cast (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). Source: SHAKE SHACK INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 4, 2025.

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

Download data (CSV): ballot items · votes by manager · column guide.