Shake Shack 2016 Annual Report Download - page 2

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SHAKE SHACK INC.
TABLE OF CONTENTS
Cautionary Note About Forward-Looking Statements 1
Part I 2
Item 1. Business 2
Item 1A. Risk Factors 18
Item 1B. Unresolved Staff Comments 40
Item 2. Properties 41
Item 3. Legal Proceedings 42
Item 4. Mine Safety Disclosures 42
Part II 43
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 43
Item 6. Selected Financial Data 47
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 49
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 66
Item 8. Financial Statements and Supplementary Data 67
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 109
Item 9A. Controls and Procedures 109
Item 9B. Other Information 109
Part III 110
Item 10. Directors, Executive Officers and Corporate Governance 110
Item 11. Executive Compensation 110
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 110
Item 13. Certain Relationships and Related Transactions, and Director Independence 110
Item 14. Principal Accounting Fees and Services 111
Part IV 112
Item 15. Exhibits and Financial Statement Schedules 112
SIGNATURES 113
EXHIBIT INDEX 114