SHAK · NYSE
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
As previously disclosed by Shake Shack Inc. (“Shake Shack” or the “Company”) in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 15, 2024 and in its Current Report on Form 8-K filed with the SEC on February 26, 2024, in connection with the preparation of the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2023 (the “2023 Form 10-K”), the Company concluded that in prior financial reporting periods it had not appropriately accounted for the deferred tax asset associated with its investment in SSE Holdings, LLC, due primarily to incorrect accounting for state tax depreciation. These errors led to overstatements of income tax expense and understatements of deferred tax assets during the impacted periods. As previously disclosed, the Company is in the process of restating the Company’s previously issued audited consolidated financial statements as of and for the fiscal years ended December 28, 2022 and December 29, 2021 included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2022, and the unaudited condensed consolidated financial statements for the quarterly periods ended March 30, 2022, June 29, 2022, September 28, 2022, March 29, 2023, June 28, 2023 and September 27, 2023 (collectively, the “Prior Financial Statements”). The Company intends to include the restated Prior Financial Statements in the 2023 Form 10-K. The Company is unable to make the required corrections to its Prior Financial Statements and accompanying disclosures and file its 2023 Form 10-K by the filing deadline of February 26, 2024 without unreasonable effort or expense. The Company expects to file the 2023 Form 10-K on or before the expiration of the 15-calendar day extension period provided by Rule 12b-25(b)
NT 10-K, filed 2024-02-26 · restatement
As previously disclosed by Shake Shack Inc. (“Shake Shack” or the “Company”) in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 15, 2024 and in its Current Report on Form 8-K filed with the SEC on February 26, 2024, in connection with the preparation of the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2023 (the “2023 Form 10-K”), the Company concluded that in prior financial reporting periods it had not appropriately accounted for the deferred tax asset associated with its investment in SSE Holdings, LLC, due primarily to incorrect accounting for state tax depreciation. These errors led to overstatements of income tax expense and understatements of deferred tax assets during the impacted periods. As previously disclosed, the Company is in the process of restating the Company’s previously issued audited consolidated financial statements as of and for the fiscal years ended December 28, 2022 and December 29, 2021 included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2022, and the unaudited condensed consolidated financial statements for the quarterly periods ended March 30, 2022, June 29, 2022, September 28, 2022, March 29, 2023, June 28, 2023 and September 27, 2023 (collectively, the “Prior Financial Statements”). The Company intends to include the restated Prior Financial Statements in the 2023 Form 10-K. The Company is unable to make the required corrections to its Prior Financial Statements and accompanying disclosures and file its 2023 Form 10-K by the filing deadline of February 26, 2024 without unreasonable effort or expense. The Company expects to file the 2023 Form 10-K on or before the expiration of the 15-calendar day extension period provided by Rule 12b-25(b)
2024-02-26accounts declared unreliable SEC →
2024-02-15accounts declared unreliable SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice