other material
confidence high
sentiment positive
materiality 0.65
Chipotle board approves 50-for-1 stock split, subject to shareholder vote in June
CHIPOTLE MEXICAN GRILL INC
- 50-for-1 stock split approved by board; requires shareholder approval at June 6, 2024 annual meeting.
- If approved, record date June 18, 2024; distribution of 49 additional shares per share after market close June 25.
- Post-split trading expected to begin June 26, 2024, under existing ticker CMG.
- One-time equity grant announced for all restaurant GMs and crew with >20 years service.