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SEC Filings

8-K
CHIPOTLE MEXICAN GRILL INC filed this Form 8-K on 09/15/2017
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Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 



On September 12, 2017,  the Board of Directors of Chipotle Mexican Grill, Inc. designated Scott Boatwright, Chief Restaurant Officer, as principal operating officer of Chipotle, effective immediately.



Scott joined Chipotle as Chief Restaurant Officer in May 2017, and has assumed direct accountability for all restaurant operations.  Prior to Chipotle, Scott spent 18 years with Arby’s Restaurant Group in various leadership positions, including for the last six years as the Sr. Vice President of Operations, where he was responsible for the performance of over 1,700 Arby’s restaurants in numerous states.  Scott holds an MBA from the J. Mack Robinson College of Business at Georgia State University and is 44 years old.



Scott is an at-will employee without a formal employment contract.  The terms of his employment entitle him to an annual base salary of $410,000 per year, with a target bonus under Chipotle’s Annual Incentive Plan of 65% of his base salary.  He also receives a car allowance of $1,350 per bi-weekly pay period, as well as certain relocation benefits in connection with his move to Denver, Colorado.  We have also entered into an Executive Agreement with Scott, pursuant to which he would be entitled to up to 12 months of base salary in the event his employment with us is terminated without cause prior to the second anniversary of his commencement of employment, with the number of months of severance payable phasing out ratably from the first to second anniversary of his commencement of employment.  A copy of the Executive Agreement is filed as Exhibit 10.1 hereto.



Scott has also entered into our standard Indemnification Agreement for executive officers and members of our Board of Directors.





Item 9.01.Financial Statements and Exhibits. 



Exhibit Index





SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chipotle Mexican Grill, Inc.

 

 

 

 

September 12, 2017

 

 

 

By:

 

/s/ Jack Hartung

 

 

 

 

 

 

Name:

  

Jack Hartung

 

 

 

 

 

 

Title:

  

Chief Financial Officer






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