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AI brief of an SEC Form 8-K · Chipotle Mexican Grill (CMG)

Chipotle sets 2025 pay for CEO Scott Boatwright, base salary rises to $1.1 million

Neutral Impact 4 of 5 leadership Written later

Chipotle's Compensation, People and Culture Committee approved the 2025 pay package for Scott Boatwright, who was promoted from interim to permanent Chief Executive Officer. The package raises his base salary, target annual cash incentive and equity award value, which matters to shareholders as a disclosed increase in top executive compensation.

Key points

  • Base salary rises to $1,100,000 from $1,000,000 for his interim role.
  • Target annual cash incentive rises to 200% of base salary from 115%.
  • Beginning in 2025, annual equity awards with an aggregate grant date value of $13,000,000, subject to shareholder-approved equity plans.
  • Committee approved the package on December 17, 2024; promotion was previously reported on November 11, 2024.

The filing

CompanyChipotle Mexican Grill (CMG)
Form8-K, current report
Filed with the SECDec 20, 2024, 4:31 PM ET
Accession number0001058090-24-000058

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 20, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.