WSJ News Exclusive | Activist Shareholder Plans Proxy Battle at Shake Shack

Activist investor Engaged Capital is planning to run a proxy fight for three board seats at high-end burger chain Shake Shack

Engaged Capital seeks three seats on burger chain’s board, has 6.

6% stakeShake Shack has struggled to bring back lunchtime diners in bigger cities as fewer people commute to offices daily.Activist investor Engaged Capital is planning to run a proxy fight for three board seats at high-end burger chainIncluding swaps, Engaged has a roughly 6.6% stake, the people said.

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