COVID Stimulus Watch Individual Entry
Note: this award was refunded
Individual Award Data
Recipient Company: Shake Shack, Inc.
Parent Company: Shake Shack, Inc.
Award Date: Apr 17, 2020
Award Type: loan
Loan or Loan Guarantee Amount: $10,000,000
Awarding Agency: Small Business Administration
Program Name: Paycheck Protection Program
On April 19, 2020 the company responded to a controversy over the awarding by announcing it was returning the money: https://www.sec.gov/ix?doc=/Archives/edgar/data/1620533/0001104659200492...
Data Source for Award:
Parent Company Data
Ownership Structure: publicly traded (ticker symbol SHAK)
Headquartered in: New York
Parent Sector: restaurants and foodservice
Parent Industry: restaurants
Employees (prior to pandemic): 7,603
Parent Accountability Issues Since 2010
Employment-related Penalties: $90,000
Ratio of CEO Pay to that of Median Worker: 134 to 1
CEO Compensation: $2,278,416
Worker Median Pay: $17,032