- CMG will begin trading following the company's historic
50-for-1 stock split
- After market close yesterday, shareholders of record as of
June 18, 2024, received 49 additional
shares for each share held
NEWPORT
BEACH, Calif., June 26,
2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc.
(NYSE: CMG) today announced that its 50-for-1 stock split was
effective after market close yesterday and its shares will begin
trading on a post-split basis today.
After market close yesterday, shareholders of record as of
June 18, 2024, received 49 additional
shares for each share held. To commemorate this special event and
in recognition of the company's strong performance, Chipotle
will offer a special one-time equity grant to all restaurant
general managers as well as crew members with more than 20 years of
service.
"Today we celebrate the remarkable achievements of our employees
by increasing ownership accessibility for team members and new
investors," said Brian Niccol, Chairman and Chief Executive
Officer, Chipotle. "We're excited for our employee shareholders to
participate in our company's financial success as they help further
our mission to Cultivate a Better World."
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
of the one-time equity grant, Chipotle's future growth
opportunities, and anticipated new shareholders 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 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, Inc.