3 unchanged sentences
Our disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and that such information is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.
−Removed: Based upon the evaluation of our disclosure controls and procedures as of June 26, 2024, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective due to the existence of the material weakness in our internal control over financial reporting identified in fiscal 2023, as described below.
+Added: Based upon the evaluation of our disclosure controls and procedures as of September 25, 2024, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective due to the existence of the material weakness in our internal control over financial reporting identified in fiscal 2023, as described below.
42 | Shake Shack Inc.
12 unchanged sentences
We have hired a Head of Tax with over 20 years of tax leadership experience including working with Up-C structures, enhancing controls, processes, and tax technology.
−Removed: Additionally, we are currently supplementing our tax resources through the use of third-party tax consultants and intend to utilize the third-party tax consultants, under the supervision of management, throughout the remediation process.
+Added: The new Head of Tax has completed an assessment of the tax function and has developed a strategy to enhance our tax technology and transformation.
+Added: We continue to supplement our tax resources through the use of third-party tax consultants and intend to utilize the third-party tax consultants, under the supervision of management, throughout the remediation process.
In addition, we are in the process of developing enhanced management review control procedures over the calculation of state deferred taxes and the related income tax expense (benefit).
−Removed: The new Head of Tax has completed an assessment of the tax function and has developed a strategy to work with third-party tax consultants to enhance our tax technology and transformation which we believe will strengthen our controls.
+Added: Additionally, we have begun executing our strategy with third-party tax consultants to enhance our tax process through the implementation of tax technology which we believe will strengthen our controls.
The actions that we are taking are subject to ongoing senior management review, as well as oversight of the audit committee of our board of directors.
2 unchanged sentences
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
−Removed: Except as described above, there were no changes to our internal control over financial reporting that occurred during the quarter ended June 26, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Except as described above, there were no changes to our internal control over financial reporting that occurred during the quarter ended September 25, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Shake Shack Inc.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.