other
confidence high
sentiment neutral
materiality 0.70
Chipotle shareholders approve 50-for-1 stock split; split-adjusted trading June 26
CHIPOTLE MEXICAN GRILL INC
- 50-for-1 stock split approved; authorized shares increased from 230M to 11.5B.
- Record date June 18; distribution of 49 additional shares per share on June 25; split-adjusted trading starts June 26.
- Shareholders ratified Ernst & Young as auditor and approved say-on-pay; all four shareholder proposals defeated.
- All ten director nominees elected; Brian Niccol had 891,257 votes against but still elected.
- Charter amended to clarify board's authority to amend without shareholder approval.