Chipotle Announces Executive Compensation Changes

Ticker: CMG · Form: 8-K · Filed: 2024-12-20T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, corporate-governance

Related Tickers: CMG

TL;DR

CMG filed an 8-K detailing executive compensation changes, stay tuned for specifics.

AI Summary

Chipotle Mexican Grill, Inc. announced on December 17, 2024, changes in its executive compensation arrangements. The filing details the election of new officers and potential adjustments to their compensatory plans, though specific dollar amounts and names of newly elected officers are not detailed in this excerpt.

Why It Matters

Changes in executive compensation can signal shifts in company strategy or performance expectations, potentially impacting investor confidence and future financial performance.

Risk Assessment

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

Key Players & Entities

FAQ

What specific executive positions were affected by the changes reported in the 8-K?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers,' but does not specify the exact positions in the provided excerpt.

When was the earliest event reported in this Form 8-K?

The earliest event reported is dated December 17, 2024.

What is the principal executive office address for Chipotle Mexican Grill, Inc.?

The principal executive office is located at 610 Newport Center Drive, Suite 1100, Newport Beach, CA 92660.

Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?

This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is the Commission File Number for Chipotle Mexican Grill, Inc.?

The Commission File Number for Chipotle Mexican Grill, Inc. is 001-32731.

From the Filing

0001058090-24-000058.txt : 20241220 0001058090-24-000058.hdr.sgml : 20241220 20241220163110 ACCESSION NUMBER: 0001058090-24-000058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241217 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241220 DATE AS OF CHANGE: 20241220 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: 241568412 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-20241217.htm 8-K cmg-20241217 0001058090 FALSE 0001058090 2024-12-17 2024-12-17 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): December 17, 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 December 17, 2024, the Compensation, People and Culture Committee of the Board of Directors (the “Committee”) of Chipotle Mexican Grill, Inc. (“Chipotle”) approved the 2025 compensation package for Scott Boatwright, Chipotle’s Chief Executive Officer. Mr. Boatwright’s 2025 compensation reflects his promotion to Chief Executive Officer from Interim Chief Executive Officer, as previously reported on Form 8-K filed with the Securities and Exchange Commission on November 11, 2024. For 2025, he will receive an annual base salary of $1,100,000, an increase from his current annual base salary of $1,000,000 as Interim Chief Ex

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