secwatch.observer — SEC 8-K summary
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Issuer:     CHIPOTLE MEXICAN GRILL INC (CMG)
CIK:        0001058090
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001058090-25-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chipotle hires Jason Kidd as COO from May 19; Jack Hartung to step down as exec on June 1
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- Jason Kidd, former Taco Bell COO, joins as COO overseeing nearly 3,800 restaurants, reports to CEO Scott Boatwright.
- Kidd receives $675k base salary, 90% cash incentive target, $150k signing bonus, and $3M equity (75% SOSARs, 25% RSUs) vesting 50% each on 2nd and 3rd anniversaries.
- Jack Hartung steps down as President and Chief Strategy Officer on June 1; becomes senior advisor through early March 2026 at $200k base + 25% target.
- Hartung waives severance claims; compensation reduced for non-executive role.
- Curt Garner becomes President, Chief Strategy & Technology Officer adding supply chain; Chris Brandt becomes President, Chief Brand Officer leading menu/ingredient processes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058090/000105809025000033/0001058090-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058090/000105809025000033/cmg-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001058090-25-000033

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