In May 2023, Shake Shack Inc., the New York City-based fast-casual restaurant chain faced an activist’s campaign from Engaged Capital LLC. Citing poor performance compared to industry peers over the 2020–2022 period, Engaged Capital sought three board seats, with its nominees to have industry-specific expertise, to advise Shake Shack’s management team on turning around the multi-unit chain. Shake Shack had a dual-share capital structure with founder, Daniel Meyer, and his associates controlling 85.9 per cent of the voting rights. Meyer and the board had to consider and respond to Engaged Capital’s push for board seats at Shake Shack’s annual shareholder meeting on June 29, 2023.
看看哪些人也有訂購？