- This is one of the biggest stock splits in New York Stock
Exchange (NYSE) history
- The record date is June 18 and
the stock will begin trading on a post-split basis on June 26
NEWPORT
BEACH, Calif., June 6, 2024
/PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today
announced that during its annual meeting, its shareholders approved
an increase in the number of authorized shares of its common stock,
which is necessary to facilitate the company's 50-for-1 stock
split. This will be one of the biggest stock splits in New York
Stock Exchange (NYSE) history.
Shareholders of record as of June 18,
2024 will receive 49 additional shares for each share held,
which will be distributed after market close on June 25, 2024. Chipotle's shares will begin
trading on a post-split basis at the market open on Wednesday, June 26, 2024.
"We believe the stock split will make our stock more accessible
to our employees as well as a broader range of investors," said
Jack Hartung, Chief Financial and
Administrative Officer, Chipotle. "With this historic decision,
we'll be better able to reward our team members and empower them to
have ownership in our company."
To commemorate this special event and in recognition of the
company's strong performance, Chipotle announced a special one-time
equity grant for all restaurant general managers as well as crew
members with more than 20 years of service.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE:
CMG) is cultivating a better world by serving responsibly sourced,
classically-cooked, real food with wholesome ingredients without
artificial colors, flavors or preservatives. There are nearly 3,500
Chipotle restaurants in the United
States, Canada, the
United Kingdom, France, Germany, and Kuwait and it is the only restaurant company
of its size that owns and operates all its restaurants in
North America and Europe. Chipotle is ranked on the Fortune 500
and is recognized on Fortune's Most Admired Companies 2024 list and
Time Magazine's Most Influential Companies. With over 120,000
employees passionate about providing a great guest experience,
Chipotle is a longtime leader and innovator in the food industry.
Chipotle is committed to making its food more accessible to
everyone while continuing to be a brand with a demonstrated purpose
as it leads the way in digital, technology and sustainable business
practices. For more information or to place an order online,
visit WWW.CHIPOTLE.COM.
Forward-Looking Statements
Certain statements in this
press release, including statements regarding the expected timing
and impact of the stock split and the one-time equity grant and
statements that use words such as "expects", "intends" and
"believes," are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on information currently
available to us and we assume no obligation to update them. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
described in this press release, including the risk that
shareholders will not approve the increase in the number of
authorized shares of our common stock, the stock split is prevented
from taking effect or is delayed due to legal or regulatory
constraints and other risk factors described from time to time in
our SEC reports, including our most recent annual report on Form
10-K and quarterly reports on Form 10-Q, all of which are available
on the investor relations page of our website at
ir.Chipotle.com.
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SOURCE Chipotle Mexican Grill