Shake Shack Inc. announced that on May 15, 2023, the Board appointed Jeffrey D. Lawrence to serve on the Board, effective immediately. Mr. Lawrence was appointed as a Class III member who will stand for election at the 2024 Annual Meeting. T he Board has determined that Mr. Lawrence is independent under the listing standards of the New York Stock Exchange and the Company's Corporate Governance Guidelines.

Mr. Lawrence has been appointed to the Audit Committee of the Board. Mr. Lawrence has more than 25 years of leadership experience with particular expertise in the consumer retail and restaurant industries globally, as well as in digital and technological transformations, franchising and financial strategy. Mr. Lawrence is currently the Chief Financial Officer of ShiftKey, a technology-enabled marketplace connecting licensed professionals to the future of work.

Mr. Lawrence previously served as Chief Financial Officer of FIGS Inc., where he led its successful initial public offering and partnered to grow significant shareholder value during his tenure. Mr. Lawrence previously spent more than 20 years at Domino's Pizza Inc., the leader in the global pizza industry, including five years as Executive Vice President & Chief Financial Officer. Mr. Lawrence was instrumental in Domino's successful initial public offering, then the largest restaurant IPO ever, as well as the ground-breaking turnaround of the brand including the technological transformation, global expansion and dramatic increase in store level profitability, all of which led to best-in-class shareholder returns for more than a decade.

Mr. Lawrence previously served on the Board of Directors of Domino's master franchisee in China. Mr. Lawrence began his career in public accounting and is a certified public accountant (registered status) in the State of Michigan. Mr. Lawrence holds an MBA with High Distinction from the Ross School of Business at the University of Michigan as well as a BBA (summa cum laude) from Wayne State University.