(Reuters) -Activist investor Engaged Capital is planning a proxy fight for three board seats at high-end burger chain Shake Shack, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Including swaps, Engaged has a roughly 6.6% stake in the chain, the report said. "Our stock is up more than 50% year-to-date and we are well positioned to continue enhancing value for shareholders," a spokesperson for Shake Shack said in a statement sent to Reuters. Engaged Capital did not respond to a request for comment. (Reporting by Urvi Dugar in Bengaluru; Editing by Lisa Shumaker and Tom Hogue)

Source: Wall Street Journal May 15, 2023 00:01 UTC