Power of Attorney
Know all by these presents, that each of the undersigned hereby constitutes and
appoints each of Cody L. Franklin, Andrew Goldberg, and Lance J.T. Schumacher
signing singly and not jointly, as the undersigned's true and lawful
attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer, director, or beneficial owner of shares of Shake Shack Inc. (the
"Issuer"), the Statement on Schedule 13D (or Schedule 13G, if applicable), and
Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange
Act of 1934, as amended, and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Statement on
Schedule 13D (or Schedule 13G, if applicable) and Forms 3, 4, and 5 and all
amendment(s) thereto and timely file such form with the United States Securities
and Exchange Commission and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grant to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this Power of Attorney and the rights and powers herein
granted. The undersigned acknowledge that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Issuer assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934, as amended.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file a Statement on Schedule 13G or
Schedule 13D and Forms 3, 4, and 5 with respect to the undersigned's holdings of
and transactions in securities issued by the Issuer, unless earlier revoked by
the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.
IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney
this 7th day of September, 2016.
GREEN EQUITY INVESTORS VI, L.P.
By: GEI Capital VI, LLC, its General Partner
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
GREEN EQUITY INVESTORS SIDE VI, L.P.
By: GEI Capital VI, LLC, its General Partner
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
LGP MALTED COINVEST
By: Peridot Coinvest Manager LLC, its Manager
By: Leonard Green & Partners, L.P., its Manager
By: LGP Management, Inc., its General Partner
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
GEI CAPITAL VI, LLC
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
GREEN VI HOLDINGS, LLC
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
LEONARD GREEN & PARTNERS, L.P.
By: LGP Management, Inc., its General Partner
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
LGP MANAGEMENT, INC.
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
PERIDOT COINVEST MANAGER LLC
By: Leonard Green & Partners, L.P., its Manager
By: LGP Management, Inc., its General Partner
By: /s/ LANCE J.T. SCHUMACHER
Lance J.T. Schumacher
Vice President Tax
