<SEC-DOCUMENT>0001140361-22-018080.txt : 20220506
<SEC-HEADER>0001140361-22-018080.hdr.sgml : 20220506
<ACCEPTANCE-DATETIME>20220506144908
ACCESSION NUMBER:		0001140361-22-018080
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220506
DATE AS OF CHANGE:		20220506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHIPOTLE MEXICAN GRILL INC
		CENTRAL INDEX KEY:			0001058090
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				841219301
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32731
		FILM NUMBER:		22900533

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DR
		STREET 2:		SUITE 1400
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-524-4000

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DR
		STREET 2:		SUITE 1400
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>brhc10037305_defa14a.htm
<DESCRIPTION>DEFA 14A
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, DC 20549</div>
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    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SCHEDULE 14A</div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center;">Proxy Statement Pursuant to Section 14(a) of the</div>
    <div style="text-align: center;">Securities Exchange Act of 1934</div>
    <div style="text-align: center;"> <br>
    </div>
    <div>Filed by the Registrant &#9746;</div>
    <div>Filed by a Party other than the Registrant &#9744;</div>
    <div><br>
    </div>
    <div>Check the appropriate box:</div>
    <div> <br>
    </div>
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          <td style="vertical-align: top; width: 18pt;">&#9744;</td>
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            <div>Preliminary Proxy Statement</div>
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            <div style="font-weight: bold;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
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          <td style="vertical-align: top; width: 18pt;">&#9744;</td>
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            <div>Definitive Proxy Statement</div>
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            <div>Definitive Additional Materials</div>
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            <div>Soliciting Material Pursuant to &#167;240.14a-12</div>
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    <div style="text-align: center; font-size: 24pt; font-weight: bold;"><u>CHIPOTLE MEXICAN GRILL, INC.</u></div>
    <div style="text-align: center;">(Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <div style="text-align: center;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
    <div><br>
    </div>
    <div>Payment of Filing Fee (Check the appropriate box):</div>
    <div>&#160;</div>
    <div>
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              <div style="text-align: left; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';">No fee required.</font></div>
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              <div style="text-align: left; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';">Fee paid previously with preliminary materials.</font></div>
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              <div style="text-align: left; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
                  14a-6(i)(1) and 0-11</font></div>
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    <div style="text-align: center; font-weight: bold;">SUPPLEMENT TO PROXY STATEMENT</div>
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    <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-style: italic;">Explanatory Note</font><font style="font-family: 'Times New Roman';">: This proxy statement supplement dated May 6, 2022 supplements the definitive proxy statement on Schedule 14A (the &#8220;Proxy<font style="font-style: italic;">&#160;</font>Statement&#8221;) of Chipotle Mexican
        Grill, Inc. (&#8220;Chipotle&#8221;) dated April 1, 2022 and made available to shareholders in connection with the annual meeting of shareholders to be held on May 18, 2022. Except as specifically supplemented by the information contained in this supplement,
        all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares.</font></div>
    <div><br>
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    <div>In the Proxy Statement under &#8220;Executive Officers and Compensation &#8211; Compensation Discussion and Analysis &#8211; 2021 Advisory &#8220;Say on Pay&#8221; Vote on Executive
      Compensation and Shareholder Outreach,&#8221; Chipotle describes the broad shareholder outreach it conducted after the 2021 annual meeting to solicit shareholder feedback regarding the 51.3% &#8220;say on pay&#8221; vote in 2021 and Chipotle&#8217;s executive compensation
      program, and actions taken by Chipotle in response to that shareholder feedback.&#160; Specifically, one item of shareholder feedback related to the modification of in-flight incentive awards.</div>
    <div><br>
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    <div>As described on pages 55-56 of the Proxy Statement, our shareholders were not supportive of the one-time COVID-19-related modifications made by the Committee in
      December 2020 to the in-flight 2018 performance share units and the 2020 annual incentive plan (AIP).</div>
    <div><br>
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    <div>Pages 55-56 of the Proxy Statement also note that, in response to shareholder feedback, the Compensation Committee did not make any modifications in 2021 to
      in-flight long-term equity awards or to the 2021 AIP. Subsequent to filing the Proxy Statement, the Compensation Committee has further considered its response to the shareholder feedback and has now additionally committed that Chipotle will not
      modify in-flight annual cash or equity incentive awards held by its executive officers, except possibly in the event of extraordinary circumstances.</div>
    <div><br>
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    <div>Our Board of Directors and our Compensation Committee highly value investor engagement and consider the feedback received from our shareholders as essential to
      developing and improving our executive compensation programs. We are committed to continuing our shareholder outreach at least annually to elicit critical investor feedback to guide the evolving parameters of these programs.</div>
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