Chipotle Mexican Grill Files 8-K for Officer/Director Changes

Ticker: CMG · Form: 8-K · Filed: 2024-11-12T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-appointment, director-election, compensation

Related Tickers: CMG

TL;DR

CMG filed an 8-K on 11/12 for leadership changes and comp plans.

AI Summary

Chipotle Mexican Grill, Inc. filed an 8-K on November 12, 2024, reporting events as of November 11, 2024. The filing indicates changes related to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

This filing signals potential shifts in the company's leadership or executive compensation structure, which could impact strategic direction and investor confidence.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate governance and compensation matters, not indicating immediate financial distress or significant operational changes.

Key Players & Entities

FAQ

What specific officer or director positions were affected by the events reported on November 11, 2024?

The filing indicates "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" but does not specify names or exact roles within this 8-K excerpt.

Are there any details provided regarding the new compensatory arrangements for officers?

The filing lists "Compensatory Arrangements of Certain Officers" as an item, but the specific details of these arrangements are not included in the provided text.

What is the significance of the Regulation FD Disclosure mentioned in the filing?

Regulation FD (Fair Disclosure) ensures that material non-public information is disclosed to all investors simultaneously, suggesting that any public announcements made by Chipotle around this time were intended for broad dissemination.

Does this 8-K filing include any updated financial statements?

Yes, the filing explicitly lists "Financial Statements and Exhibits" as an item, indicating that financial information or related documents are part of this submission.

What is the company's principal executive office address as listed in the filing?

The company's principal executive offices are located at 610 Newport Center Drive, Suite 1100, Newport Beach, CA 92660.

From the Filing

0001058090-24-000053.txt : 20241112 0001058090-24-000053.hdr.sgml : 20241112 20241112112542 ACCESSION NUMBER: 0001058090-24-000053 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241111 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241112 DATE AS OF CHANGE: 20241112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHIPOTLE MEXICAN GRILL INC CENTRAL INDEX KEY: 0001058090 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 841219301 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32731 FILM NUMBER: 241445494 BUSINESS ADDRESS: STREET 1: 610 NEWPORT CENTER DR STREET 2: SUITE 1100 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-524-4000 MAIL ADDRESS: STREET 1: 610 NEWPORT CENTER DR STREET 2: SUITE 1100 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K 1 cmg-20241111.htm 8-K cmg-20241111 0001058090 FALSE 0001058090 2024-11-11 2024-11-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 11, 2024 CHIPOTLE MEXICAN GRILL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 1-32731 (Commission File Number) 84-1219301 (I.R.S. Employer Identification No.) 610 Newport Center Drive , Suite 1100 Newport Beach , CA 92660 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 949 ) 524-4000 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share CMG New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 11, 2024, Chipotle Mexican Grill, Inc. (“Chipotle”) announced that its Board of Directors has appointed Scott Boatwright, age 52, as Chief Executive Officer and as a member of the Board of Directors of Chipotle, effective immediately. Mr. Boatwright has served as Chipotle’s Interim Chief Executive Officer since August 2024. He joined Chipotle in May 2017 and, in his previous roles as Chipotle’s Chief Operating Officer and Chief Restaurant Officer, he has had direct accountability for all of Chipotle’s restaurant operations

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