Every material Form 8-K Chipotle Mexican Grill filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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