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June 12, 2020, 5:10 p.m. EDT

Shake Shack to pay board members with stock during coronavirus crisis

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By Wallace Witkowski

Shake Shack Inc. /zigman2/quotes/209397077/composite SHAK -0.82% said it will pay its board members in stock for the duration of the COVID-19 crisis, according to a Securities and Exchange Commission filing late Friday. Shake Shack said directors will be compensated in 100% equity with a one-year vesting period, starting with the second quarter of 2020 through the first quarter of 2021. The temporary measure suspends the burger chain's practice of compensating directors with 50% cash and 50% equity. Shake Shack shares declined 0.7% after hours, after a 3.6% gain to close the regular session at $54.60. Shares are down 8% for the year, compared with a 6% decline in the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.12% .

/zigman2/quotes/209397077/composite
US : U.S.: NYSE
$ 67.58
-0.56 -0.82%
Volume: 925,282
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.82 billion
Rev. per Employee
$75,284
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/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
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