Shake Shack Inc. 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. MARKET INFORMATION Our Class A common stock is traded on the New York Stock Exchange under the symbol "SHAK." Our Class B common stock is not listed nor traded on any stock exchange. HOLDERS OF RECORD As of February 9, 2022, there were 87 shareholders of record of our Class A common stock. The number of record holders does not include persons who held shares of our Class A common stock in nominee or "street name" accounts through brokers. As of February 9, 2022, there were 20 shareholders of record of our Class B common stock. DIVIDEND POLICY We currently intend to retain all available funds and any future earnings for use in the operation of our business, and therefore we do not currently expect to pay any cash dividends on our Class A common stock. Holders of our Class B common stock are not entitled to participate in any dividends declared by our Board of Directors. Any future determination to pay dividends to holders of our Class A common stock will be at the discretion of our Board of Directors and will depend upon many factors, including our results of operations, financial condition, capital requirements, restrictions in SSE Holdings' debt agreements and other factors that our Board of Directors deems relevant. We are a holding company, and substantially all of our operations are carried out by SSE Holdings and its subsidiaries. Additionally, under the revolving credit facility, SSE Holdings is currently restricted from paying cash dividends, and we expect these restrictions to continue in the future, which may in turn limit our ability to pay dividends on our Class A common stock. Shake Shack Inc. Form 10-K | 50 STOCK PERFORMANCE GRAPH The following graph and table illustrate the total return from December 28, 2016 through December 29, 2021 for (i) our Class A common stock, (ii) the Standard and Poor's 500 Index, and (iii) the Standard and Poor’s 600 Restaurants Index, assuming an investment of $100 on December 28, 2016 including the reinvestment of dividends. Comparison of 5 Year Cumulative Total Return 12/28/2016 12/27/2017 12/26/2018 12/25/2019 12/30/2020 12/29/2021 Shake Shack Inc. $ 100.00 $ 120.39 $ 117.32 $ 162.77 $ 230.41 $ 190.36 S&P 500 Index 100.00 121.83 116.49 153.17 181.35 233.41 S&P 600 Restaurants Index 100.00 245.05 89.57 94.30 253.52 98.10 Shake Shack Inc. Form 10-K | 51 Item 6. Selected Financial Data. Not applicable. Shake Shack Inc. Form 10-K | 52