On January 26, 2024, Shake Shack Inc. and SSE Holdings, LLC (Company) and Randall Garutti, the company?s Chief Executive Officer, entered into a Transition and Advisory Agreement (Transition and Advisory Agreement). As previously disclosed, Mr. Garutti has informed the company?s Board of Directors that he will retire from the company in 2024 as an executive Board member upon the selection of his successor, but that he will serve as an advisor following this time through the end of 2024 to ensure a proper transition. Pursuant to the Transition and Advisory Agreement, Mr. Garutti has agreed to serve as the Company?s Chief Executive Officer and as an executive Board member until the earlier of the commencement of his successor?s employment or May 24, 2024 (Resignation Date).