Shake Shack Creates Board Sub-Committee to Lead CFO Search Ms. Comonte to Remain Through Q1 Earnings Cycle, With Her Final Day May 7th Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that Tara Comonte, President and Chief Financial Officer for the last four years, will depart the Company to become CEO of a private company outside of the restaurant industry. Comonte, who joined Shake Shack in 2017, will remain in her current role through May 7, 2021 to oversee the Company's fiscal first quarter 2021 reporting period and ensure a thorough transition of her responsibilities. The Company is in the process of retaining a firm to manage the search for a new Chief Financial Officer, led by a sub-committee of the Board of Directors. Ms. Comonte’s responsibilities will be transitioned to other existing members of the Shake Shack leadership team until such time as the search is concluded. Randy Garutti, CEO of Shake Shack stated, "On behalf of our Board and our...

Shake Shack Inc. (“Shake Shack”) (NYSE: SHAK) today announced the pricing of $225 million aggregate principal amount of 0% Convertible Senior Notes due 2028 (the “notes”) in a private placement (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Shake Shack has also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $25 million aggregate principal amount of notes from Shake Shack. The sale of the notes is expected to close on March 4, 2021, subject to customary closing conditions. The notes will be general unsecured obligations of Shake Shack and will not bear regular interest, and the principal amount of the notes will not accrete. The notes will mature on March 1, 2028, unless earlier converted, redeemed or repurchased. Use of Proceeds Shack Shake estimates that...