Shake Shack Inc. (SHAK): Select Equity Group Cuts Stake By 23%

Page 14 of 15 – SEC Filing

CUSIP No. 819047 101

Schedule 13D

Page 14 of 15 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this Schedule 13D is true, complete, and correct.

Dated as of September 7, 2016

	SELECT EQUITY GROUP, L.P.
	By:  Select Equity GP, LLC, its general partner
	By: /s/ George S. Loening	Date: September 7, 2016
	SEG PARTNERS L.P.
	By:  SEG Partners Holdings, LLC, its general partner
	By: /s/ George S. Loening	Date: September 7, 2016
	SEG PARTNERS HOLDINGS, LLC
	By: /s/ George S. Loening	Date: September 7, 2016
	SEG PARTNERS II, L.P.
	By:  SEG Partners II Holdings, LLC, its general partner
	By: /s/ George S. Loening	Date: September 7, 2016
	SEG PARTNERS II HOLDINGS, LLC
	By: /s/ George S. Loening	Date: September 7, 2016
	SEG PARTNERS OFFSHORE MASTER FUND, LTD.
	By: /s/ George S. Loening	Date: September 7, 2016