secwatch.observer — SEC 8-K summary
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Issuer:     CHIPOTLE MEXICAN GRILL INC (CMG)
CIK:        0001058090
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001058090-24-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chipotle accelerates CFO/CAO appointments to Oct 1; grants $23M retention awards to execs after CEO exit
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- Adam Rymer becomes CFO and Jamie McConnell becomes Chief Accounting & Admin Officer on Oct 1, 2024.
- Retention awards: $8M each for Boatwright/Hartung; $7M each for Garner/Brandt; $3M for Rymer; $1.5M for McConnell.
- Boatwright gets interim CEO base salary of $1M, 115% target bonus, and $3.5M RSU bridge grant vesting in one year.
- Hartung shifts to President & Chief Strategy Officer indefinitely; his $8M award continues vesting after one year.
- Rymer gets CFO base salary of $650K, 90% target bonus, and $750K RSU grant vesting over 2-3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058090/000105809024000039/0001058090-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058090/000105809024000039/cmg-20240822.htm
  HTML page:      https://secwatch.observer/filing/0001058090-24-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer