Schedule 13D/A (Amendment No. 16)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 16)*

 

 

Shake Shack Inc.

(Name of Issuer)

 

 

Common Stock, $0.001 par value per share

(Title of Class of Securities)

819047 101

(CUSIP Number)

Jennifer Bellah Maguire

Gibson, Dunn & Crutcher LLP

333 South Grand Avenue

Los Angeles, California 90071-3197

(213) 229-7986

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

March 12, 2019

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 2 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Green Equity Investors VI, L.P.

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☒        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

PN

Note: All share numbers on these cover pages presented on an as-converted basis.


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 3 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Green Equity Investors Side VI, L.P.

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☒        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

PN


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 4 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

LGP Malted Coinvest LLC

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☒        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

OO (Limited Liability Company)


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 5 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

GEI Capital VI, LLC

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

OO (Limited Liability Company)


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 6 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Green VI Holdings, LLC

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

OO (Limited Liability Company)


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 7 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Leonard Green & Partners L.P.

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

PN


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 8 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

LGP Management, Inc.

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

CO


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 9 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Peridot Coinvest Manager LLC

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

OO (Limited Liability Company)


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 10 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Jonathan D. Sokoloff

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,305,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.22% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

IN


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 11 of 16 Pages

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

J. Kristofer Galashan

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☐

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

☐    

  (6)  

Citizenship or Place of Organization:

 

Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     (7)    

Sole Voting Power

 

0    

     (8)   

Shared Voting Power

 

2,314,944    

     (9)   

Sole Dispositive Power

 

0    

   (10)   

Shared Dispositive Power

 

2,314,944    

(11)  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,314,944    

(12)  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

☐    

(13)  

Percent of Class Represented by Amount in Row (11):

 

6.24% beneficial ownership of the voting stock based on 37,084,773 shares of Common Stock outstanding as of February 13, 2019, as reported in Issuer’s Quarterly Report on Form 10-K for the fiscal year ended December 26, 2018     

(14)  

Type of Reporting Person (See Instructions):

 

IN


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 12 of 16 Pages

 

ITEM 1.

SECURITY AND ISSUER

This Amendment No. 16 to Schedule 13D (this “Amendment”) relates to shares of Class A common stock, par value $0.001 per share (the “A-Common”) of Shake Shack Inc., a Delaware corporation (the “Issuer”). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D.

The address of the Issuer’s principal executive offices is 225 Varick Street, Suite 301, New York, NY 10014.

 

ITEM 2

IDENTITY AND BACKGROUND

The disclosure provided in Item 2 of Schedule 13D amended hereby is updated to include the following additional disclosure:

(a)    As of the date of this statement, (i) GEI VI is the record owner of 193,675 shares of A-Common and 1,181,199 shares of the Issuer’s Class B common stock, par value $0.001 per share (“B-Common”), (ii) GEI Side VI is the record owner of 819,433 shares of A-Common, and (iii) Malted is the record owner of 14,134 shares of A-Common and 86,217 shares of B-Common.

 

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER

(a) and (b)

 



Reporting
Persons

  

Number* of Shares
With Shared Voting
Power

  



Sole Beneficial
Ownership

  

Shared Beneficial
Ownership*

  

Percentage
of Class
Beneficially Owned

GEI VI    2,314,944    0    2,305,944    6.22%
GEI Side VI    2,314,944    0    2,305,944    6.22%
Malted    2,314,944    0    2,305,944    6.22%
Jonathan D. Sokoloff    2,314,944    0    2,305,944    6.22%
J. Kristofer Galashan    2,314,944    9,000    2,314,944    6.24%
Other
Reporting Persons
   2,314,944    0    2,305,944    6.22%

 

  *

All share numbers presented in this table assume full conversion of B-Common to A-Common.


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 13 of 16 Pages

 

  (c)

The following table sets forth all transactions with respect to shares of Common Stock effectuated in the last 60 days by any of the Reporting Persons. Each day’s sales comprised open market transactions made on that day, and the price per share reported is the weighted average sale price. The Reporting Persons hereby undertake to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of Common Stock and prices at which the trades were effected.

 

Reporting Person

  

Date of Transaction

  

Number of Shares Sold

  

Price per Share

GEI VI

   02/13/2019      2,107    $53.00

GEI Side VI

   02/13/2019      1,256    $53.00

Malted

   02/13/2019         154    $53.00

GEI VI

   02/14/2019      8,219    $53.03

GEI Side VI

   02/14/2019      4,899    $53.03

Malted

   02/14/2019         600    $53.03

GEI VI

   02/15/2019      6,801    $53.02

GEI Side VI

   02/15/2019      4,053    $53.02

Malted

   02/15/2019         496    $53.02

GEI VI

   02/19/2019      1,378    $53.01

GEI Side VI

   02/19/2019         822    $53.01

Malted

   02/19/2019         101    $53.01

GEI VI

   02/20/2019      2,410    $53.00

GEI Side VI

   02/20/2019      1,437    $53.00

Malted

   02/20/2019         176    $53.00

GEI VI

   02/21/2019    48,779    $53.10

GEI Side VI

   02/21/2019    29,070    $53.10

Malted

   02/21/2019      3,560    $53.10

GEI VI

   02/22/2019      2,651    $53.01

GEI Side VI

   02/22/2019      1,580    $53.01

Malted

   02/22/2019         193    $53.01

GEI VI

   02/25/2019    46,091    $53.23

GEI Side VI

   02/25/2019    27,468    $53.23

Malted

   02/25/2019      3,364    $53.23

GEI VI

   02/26/2019    31,358    $53.06

GEI Side VI

   02/26/2019    18,688    $53.06

Malted

   02/26/2019      2,289    $53.06

GEI VI

   03/11/2019         419    $53.00

GEI Side VI

   03/11/2019         250    $53.00

Malted

   03/11/2019           31    $53.00

GEI VI

   03/12/2019    33,942    $53.03

GEI Side VI

   03/12/2019    20,228    $53.03

Malted

   03/12/2019      2,477    $53.03

GEI VI

   03/13/2019    76,994    $53.13

GEI Side VI

   03/13/2019    45,886    $53.13

Malted

   03/13/2019      5,620    $53.13

 

  (d)

Not applicable.

 

  (e)

Not applicable.


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 14 of 16 Pages

 

ITEM 7.

MATERIAL TO BE FILED AS EXHIBITS

 

  7.1

Amendment No. 2 to Stockholders Agreement, dated as of May 11, 2017, by and among Shake Shack Inc., Green Equity Investors VI, L.P., Green Equity Investors Side VI, L.P., LGP Malted Coinvest LLC, and certain other parties thereto (incorporated by reference to Exhibit 7.12 to Daniel H. Meyer’s Schedule 13D/A, filed with the Securities and Exchange Commission on July 20, 2017).

 

  7.2

Form of Stockholders Agreement (incorporated by reference to Exhibit 10.4 to Shake Shack Inc.’s Form S-1 Amendment No. 1, filed with the Securities and Exchange Commission on January 20, 2015).

 

  7.3

Form of Registration Rights Agreement (incorporated by reference to Exhibit 10.2 to Shake Shack Inc.’s Form S-1, filed with the Securities and Exchange Commission on December 29, 2014).

 

  7.4

Form of Tax Receivable Agreement (incorporated by reference to Exhibit 10.1 to Shake Shack Inc.’s Form S-1 Amendment No. 1, filed with the Securities and Exchange Commission on January 20, 2015).

 

  7.5

Form of Third Amended and Restated LLC Agreement of SSE Holdings, LLC (incorporated by reference to Exhibit 10.3 to Shake Shack Inc.’s Form S-1 Amendment No. 1, filed with the Securities and Exchange Commission on January 20, 2015).

 

  7.6

Joint Filing Agreement, dated February 9, 2015 (incorporated by reference to Exhibit 7.5 to Green Equity Investors VI, L.P.’s Schedule 13D, filed with the Securities and Exchange Commission on February 9, 2015).

 

  7.7

Identification of Members of the Group, dated February 9, 2015 (incorporated by reference to Exhibit 7.6 to Green Equity Investors VI, L.P.’s Schedule 13D, filed with the Securities and Exchange Commission on February 9, 2015).

 

  7.8

Power of Attorney, dated February 9, 2015 (incorporated by reference to Exhibit 7.7 to Green Equity Investors VI, L.P.’s Schedule 13D, filed with the Securities and Exchange Commission on February 9, 2015).

 

  7.9

Form of Underwriting Agreement (incorporated by reference to Exhibit 1.1 to Shake Shack Inc.’s Form S-1 Amendment No. 1, filed with the Securities and Exchange Commission on August 10, 2015).

 

  7.10

Trading Agreement, dated and effective as of November 13, 2015 (incorporated by reference to Exhibit 7.9 to Green Equity Investors VI, L.P.’s Amendment No. 2 to Schedule 13D, filed with the Securities and Exchange Commission on November 13, 2015).

 

  7.11

Power of Attorney, dated September 7, 2016 (incorporated by reference to Exhibit 7.10 to Green Equity Investors VI, L.P.’s Amendment No. 10 to Schedule 13D, filed with the Securities and Exchange Commission on November 16, 2016).


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 15 of 16 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 Amendment is true, complete, and correct.

Dated as of March 14, 2019

 

Green Equity Investors VI, L.P.

By: GEI Capital VI, LLC, its General Partner

By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Manager

 

Green Equity Investors Side VI, L.P.

By: GEI Capital VI, LLC, its General Partner

By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Manager

 

LGP Malted Coinvest LLC

By: Peridot Coinvest Manager LLC, its Manager

By: Leonard Green & Partners, L.P., its Manager

By: LGP Management, Inc., its General Partner

By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Executive Vice President and Managing Partner

 

GEI Capital VI, LLC
By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Manager

 

Green VI Holdings, LLC
By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Manager


SCHEDULE 13D/A

 

CUSIP No. 819047 101   Page 16 of 16 Pages

 

Leonard Green & Partners, L.P.

By: LGP Management, Inc., its General Partner

By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Executive Vice President and Managing Partner

 

LGP Management, Inc.
By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Executive Vice President and Managing Partner

 

Peridot Coinvest Manager LLC

By: Leonard Green & Partners, L.P., its Manager

By: LGP Management, Inc., its General Partner

By:   /S/ ANDREW GOLDBERG        
 

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

Executive Vice President and Managing Partner

 

/S/ ANDREW GOLDBERG

Andrew Goldberg, as Attorney-in-Fact for

Jonathan D. Sokoloff

 

/S/ ANDREW GOLDBERG

Andrew Goldberg, as Attorney-in-Fact for

J. Kristofer Galashan