Engaged Capital

Shake Shack Inc. is a fast-casual restaurant chain that operates and licenses Shake Shack locations both in the United States and internationally. Founded in 2004 and headquartered in New York, Shake Shack is known for its modern take on the classic roadside burger stand, offering a menu that includes premium hamburgers, hot dogs, crispy chicken, crinkle-cut fries, frozen custard, shakes, beer, and wine. The brand emphasizes high-quality, all-natural ingredients, using hormone and antibiotic-free Angus beef that is ground fresh daily and served on non-GMO potato buns. As of late 2018, Shake Shack operated 208 locations, consisting of both company-operated and licensed Shacks. The company aims to create a vibrant community gathering space while maintaining a commitment to responsible sourcing and environmental sustainability.

Rent-A-Center, Inc., headquartered in Plano, Texas, is a North American rent-to-own operator that leases household durable goods to customers through rental purchase agreements, allowing for eventual ownership without long-term obligations. The company operates in four segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. It offers a diverse range of products including consumer electronics, appliances, computers, furniture, wheels and tires, and jewelry. In addition to its lease-to-own services, Rent-A-Center provides merchandise through installment sales and operates kiosks within various retail locations for customers who may not qualify for traditional financing. As of December 31, 2019, Rent-A-Center managed approximately 1,973 stores across the United States and Puerto Rico, along with 123 locations in Mexico and numerous franchised stores.