Home › Companies › Shake Shack Inc. › 2025-2026
Compiled from SEC Form N-PX filings and Shake Shack Inc.’s Form 8-K, filed June 11, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of June 10, 2026: 4 items on Shake Shack Inc.’s Form 8-K, filed June 11, 2026: 2 approved · 2 without a stated outcome.
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
Explore Shake Shack Inc. in the interactive database Compare manager voting policies
These tallies are Shake Shack Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 11, 2026 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Robert Lynch | 31,331,880 | -- | -- | 751,209 | 4,705,779 | 98% | Not verified | — |
| Elect Director: Tristan Walker | 24,033,118 | -- | -- | 8,049,971 | 4,705,779 | 75% | Not verified | — |
| Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm for the Fiscal Year Ending December 30, 2026 Shake Shack's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public ac | 36,631,331 | 120,336 | 37,201 | -- | 0 | 99.6% | 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 | 30,006,376 | 2,026,149 | 50,564 | -- | 4,705,779 | 94% | Approved | — |
Source: Shake Shack Inc., Form 8-K, filed with the SEC on June 11, 2026 — read the filing on EDGAR.
Each item below shows how the 404 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.
Combines 8 wordings of this item as funds reported it.
75% Majority: yes · of votes cast
Description as filed by funds: Election of Directors- Terms expiring at the 2029 Annual Meeting of Stockholders: Tristan Walker
Shake Shack Inc.’s own tally for this item (“Elect Director: Tristan Walker”): 24,033,118 for, 8,049,971 withheld, per its Form 8-K filed June 11, 2026 (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: 75% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 86 asset managers below reported 12,666,732 for, 1,193,750 withheld, 170,434 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,340,881 | 0 | 46 | 5,844 | For |
| BlackRock | 4,028,609 | 0 | 0 | 0 | For |
| Fidelity | 1,129,736 | 0 | 0 | 0 | For |
| State Street | 612,598 | 0 | 0 | 884 | For |
| JPMorgan | 373,589 | 0 | 0 | 0 | For |
| Charles Schwab | 329,139 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 193,474 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 0 | 0 | 166,500 | Withhold |
| Dimensional | 0 | 0 | 0 | 154,257 | Withhold |
| Waddell & Reed | 0 | 0 | 0 | 117,398 | Withhold |
| Equitable | 55,206 | 0 | 0 | 31,300 | Mixed |
| Jackson National | 0 | 0 | 80,151 | 0 | Abstain |
| TIAA | 79,438 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 76,000 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 0 | 0 | 74,119 | Withhold |
| American Century | 0 | 0 | 0 | 69,439 | Withhold |
| QUANTITATIVE MASTER SERIES LLC | 60,363 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 56,896 | Withhold |
| Neuberger Berman | 53,144 | 0 | 0 | 0 | For |
| MADISON FUNDS | 49,849 | 0 | 0 | 0 | For |
| Pacific Life | 12,993 | 0 | 0 | 35,488 | Mixed |
| CARILLON SERIES TRUST | 0 | 0 | 47,425 | 0 | Abstain |
| AMG FUNDS | 43,195 | 0 | 0 | 0 | For |
| Voya | 0 | 0 | 0 | 41,982 | Withhold |
| Prudential/PGIM | 33,295 | 0 | 0 | 4,890 | Mixed |
Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.
Combines 7 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors- Terms expiring at the 2029 Annual Meeting of Stockholders: Robert Lynch
Shake Shack Inc.’s own tally for this item (“Elect Director: Robert Lynch”): 31,331,880 for, 751,209 withheld, per its Form 8-K filed June 11, 2026 (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: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 85 asset managers below reported 13,833,952 for, 170,970 withheld, 20,038 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,346,767 | 0 | 5 | 0 | For |
| BlackRock | 4,028,609 | 0 | 0 | 0 | For |
| Fidelity | 1,129,736 | 0 | 0 | 0 | For |
| State Street | 613,461 | 0 | 0 | 21 | For |
| JPMorgan | 373,589 | 0 | 0 | 0 | For |
| Charles Schwab | 329,139 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 193,474 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 166,500 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 154,257 | Withhold |
| Waddell & Reed | 117,398 | 0 | 0 | 0 | For |
| Equitable | 86,506 | 0 | 0 | 0 | For |
| Jackson National | 72,631 | 0 | 7,520 | 0 | Mixed |
| TIAA | 79,438 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 76,000 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 74,119 | 0 | 0 | 0 | For |
| American Century | 69,439 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,363 | 0 | 0 | 0 | For |
| First Trust | 56,896 | 0 | 0 | 0 | For |
| Neuberger Berman | 53,144 | 0 | 0 | 0 | For |
| MADISON FUNDS | 49,849 | 0 | 0 | 0 | For |
| Pacific Life | 48,481 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 47,425 | 0 | 0 | 0 | For |
| AMG FUNDS | 43,195 | 0 | 0 | 0 | For |
| Voya | 41,982 | 0 | 0 | 0 | For |
| Prudential/PGIM | 33,295 | 0 | 0 | 4,890 | Mixed |
Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.
Combines 7 wordings of this item as funds reported it.
94% Approved · of votes cast
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”): 30,006,376 for, 2,026,149 against — passed, per its Form 8-K filed June 11, 2026 (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: 94% 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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,346,765 | 6 | 0 | 0 | For |
| BlackRock | 4,028,609 | 0 | 0 | 0 | For |
| Fidelity | 1,129,736 | 0 | 0 | 0 | For |
| State Street | 613,482 | 0 | 0 | 0 | For |
| JPMorgan | 373,589 | 0 | 0 | 0 | For |
| Charles Schwab | 329,139 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 193,474 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 166,500 | 0 | 0 | 0 | For |
| Dimensional | 154,257 | 0 | 0 | 0 | For |
| Waddell & Reed | 117,398 | 0 | 0 | 0 | For |
| Equitable | 86,506 | 0 | 0 | 0 | For |
| Jackson National | 80,151 | 0 | 0 | 0 | For |
| TIAA | 79,438 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 76,000 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 74,119 | 0 | 0 | 0 | For |
| American Century | 69,439 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,363 | 0 | 0 | 0 | For |
| First Trust | 56,896 | 0 | 0 | 0 | For |
| Neuberger Berman | 53,144 | 0 | 0 | 0 | For |
| MADISON FUNDS | 0 | 49,849 | 0 | 0 | Against |
| Pacific Life | 48,481 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 47,425 | 0 | 0 | 0 | For |
| AMG FUNDS | 43,195 | 0 | 0 | 0 | For |
| Voya | 41,982 | 0 | 0 | 0 | For |
| Prudential/PGIM | 38,185 | 0 | 0 | 0 | For |
Fund voting reports, all 86 managers: 13,960,204 for, 65,593 against, 5,038 abstained, 1 not voted. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| State Street | 1,387,873 | 0 | 0 | 0 | For |
| Wellington | 1,351,217 | 0 | 0 | 0 | For |
| BlackRock | 1,302,733 | 486 | 0 | 0 | For |
| Anomaly Capital Management, LP | 978,970 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 947,828 | 0 | 0 | 0 | For |
| Swedbank Robur Fonder AB | 0 | 868,900 | 0 | 0 | Against |
| 12 West Capital Management LP | 864,552 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 745,058 | 0 | 0 | 0 | For |
| Junto Capital Management LP | 628,680 | 0 | 0 | 0 | For |
| BNP Paribas Asset Management Holding S.A. | 0 | 541,707 | 0 | 0 | Against |
| Fidelity | 433,868 | 0 | 0 | 0 | For |
| Fisher Asset Management, LLC | 425,174 | 0 | 0 | 0 | For |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 418,154 | 0 | 0 | 0 | For |
| Charles Schwab | 379,518 | 0 | 0 | 0 | For |
| Van Berkom & Associates Inc. | 367,781 | 0 | 0 | 0 | For |
| Northern Trust | 350,932 | 0 | 0 | 0 | For |
| Vanguard | 336,118 | 0 | 0 | 0 | For |
| JENNISON ASSOCIATES LLC | 295,195 | 0 | 0 | 0 | For |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 255,930 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 243,849 | 0 | 0 | 0 | For |
| WASATCH ADVISORS LP | 242,957 | 0 | 0 | 0 | For |
| Neuberger Berman | 234,402 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 196,547 | 0 | 0 | 0 | For |
| OBERWEIS ASSET MANAGEMENT INC/ | 187,370 | 0 | 0 | 0 | For |
| BALYASNY ASSET MANAGEMENT L.P. | 184,819 | 0 | 0 | 0 | For |
Institutional-manager reports, all 344 managers: 16,223,778 for, 1,704,063 against, 20,290 abstained, 7,385 not voted, 118,829 mixed, 367 1 year. Showing the 25 largest; see all in the interactive database.
Combines 2 wordings of this item as funds reported it.
99.6% Approved · of votes cast
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 30, 2026 Shake Shack's stockholders ratified the appointment of Ernst & Young LLP as the Co”): 36,631,331 for, 120,336 against — passed, per its Form 8-K filed June 11, 2026 (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 30, 2026 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: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 86 asset managers below reported 14,025,834 for, 44 against, 5,038 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,346,772 | 0 | 0 | 0 | For |
| BlackRock | 4,028,609 | 0 | 0 | 0 | For |
| Fidelity | 1,129,736 | 0 | 0 | 0 | For |
| State Street | 613,438 | 44 | 0 | 0 | For |
| JPMorgan | 373,589 | 0 | 0 | 0 | For |
| Charles Schwab | 329,139 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 193,474 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 166,500 | 0 | 0 | 0 | For |
| Dimensional | 154,257 | 0 | 0 | 0 | For |
| Waddell & Reed | 117,398 | 0 | 0 | 0 | For |
| Equitable | 86,506 | 0 | 0 | 0 | For |
| Jackson National | 80,151 | 0 | 0 | 0 | For |
| TIAA | 79,438 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 76,000 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 74,119 | 0 | 0 | 0 | For |
| American Century | 69,439 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,363 | 0 | 0 | 0 | For |
| First Trust | 56,896 | 0 | 0 | 0 | For |
| Neuberger Berman | 53,144 | 0 | 0 | 0 | For |
| MADISON FUNDS | 49,849 | 0 | 0 | 0 | For |
| Pacific Life | 48,481 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 47,425 | 0 | 0 | 0 | For |
| AMG FUNDS | 43,195 | 0 | 0 | 0 | For |
| Voya | 41,982 | 0 | 0 | 0 | For |
| Prudential/PGIM | 38,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.
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 40,289,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 13.27% |
| 2 | BlackRock | 10.00% |
| 3 | Fidelity | 2.80% |
| 4 | State Street | 1.52% |
| 5 | JPMorgan | 0.93% |
| 6 | Charles Schwab | 0.82% |
| 7 | WASATCH FUNDS TRUST | 0.48% |
| 8 | OBERWEIS FUNDS | 0.41% |
| 9 | Dimensional | 0.38% |
| 10 | Waddell & Reed | 0.29% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | State Street | 3.44% |
| 2 | Wellington | 3.35% |
| 3 | BlackRock | 3.23% |
| 4 | Anomaly Capital Management, LP | 2.43% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 2.35% |
| 6 | Swedbank Robur Fonder AB | 2.16% |
| 7 | 12 West Capital Management LP | 2.15% |
| 8 | MARSHALL WACE, LLP | 1.85% |
| 9 | Junto Capital Management LP | 1.56% |
| 10 | BNP Paribas Asset Management Holding S.A. | 1.34% |
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.
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 14.28% | 13F |
| Vanguard Group | 10.71% | 13F |
| Vanguard Portfolio Management | 5.79% | 13G |
| Wellington Management Group LLP | 5.33% | DEF14A |
| Daniel Meyer | 4.03% | DEF14A |
| State Street | 3.69% | 13F |
| Citadel Advisors | 3.55% | 13F |
| Morgan Stanley | 3.26% | 13F |
| Goldman Sachs | 2.60% | 13F |
| Millennium Management | 2.48% | 13F |
Percentages above are of 40,289,000 shares outstanding, as reported by Shake Shack Inc. on its Form 10-Q dated April 1, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
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 April 1, 2026. 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 10, 2026, in the 2025-2026 proxy season, 404 asset managers reported how they voted on 4 ballot items in their SEC Form N-PX filings, covering 1,565 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 94% 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 11, 2026.
Shake Shack Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.