Chipotle 2013 Annual Report Download - page 71

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TABLE OF CONTENTS
Annual Meeting Information ............................................................. 1
Beneficial Ownership of Our Common Stock ............................................... 4
PROPOSAL A—ELECTION OF THREE DIRECTORS ..................................... 6
Information Regarding the Board of Directors .............................................. 7
Biographical Information ............................................................ 7
A Majority of our Board Members are Independent ..................................... 12
Committees of the Board ............................................................ 12
Director Compensation .............................................................. 15
Corporate Governance .................................................................. 16
Chairman of the Board .............................................................. 16
Lead Director ...................................................................... 16
How to Contact the Board of Directors ................................................ 16
Executive Sessions .................................................................. 16
Director Nomination Process ......................................................... 17
Policies and Procedures for Review and Approval of Transactions with Related Persons ....... 18
Role of the Board of Directors in Risk Oversight ........................................ 19
PROPOSAL B—AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR
EXECUTIVE OFFICERS AS DISCLOSED IN THIS PROXY STATEMENT ................. 20
PROPOSAL C—RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ........................... 22
Audit Committee Report ................................................................ 23
Policy for Pre-Approval of Audit and Permitted Non-Audit Services ............................ 24
PROPOSAL D—A PROPOSAL TO APPROVE THE AMENDED AND RESTATED CHIPOTLE
MEXICAN GRILL, INC. 2011 STOCK INCENTIVE PLAN TO INCREASE THE NUMBER OF
SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE PLAN AND
MAKE OTHER CHANGES TO THE TERMS OF THE PLAN .............................. 25
Securities Authorized for Issuance Under Equity Compensation Plans .......................... 34
PROPOSAL E—AN ADVISORY VOTE ON A SHAREHOLDER PROPOSAL REQUESTING
CHIPOTLE TO ISSUE AN ANNUAL SUSTAINABILITY REPORT MEETING SPECIFIED
CRITERIA .......................................................................... 35
Statement in Opposition by our Board of Directors ...................................... 36
PROPOSAL F—AN ADVISORY VOTE ON A SHAREHOLDER PROPOSAL REQUESTING
CHIPOTLE TO ADOPT SIMPLE MAJORITY VOTING .................................. 38
Statement in Opposition by our Board of Directors ...................................... 39
Executive Officers ...................................................................... 42
Compensation Discussion and Analysis .................................................... 42
Compensation Committee Report ......................................................... 55
Summary Compensation Table ........................................................... 56
Grants of Plan-Based Awards in 2013 ..................................................... 57
Terms of 2013 Equity-Based Awards ...................................................... 58
Outstanding Equity Awards at December 31, 2013 ........................................... 59
Option Exercises and Stock Vested in 2013 ................................................. 60
Non-Qualified Deferred Compensation for 2013 ............................................. 61
Potential Payments Upon Termination or Change-in-Control .................................. 62
Section 16(a) Beneficial Ownership Reporting Compliance .................................... 67
Certain Relationships and Related Party Transactions ....................................... 67
Shareholder Proposals and Nominations for 2015 Annual Meeting ............................. 68
Availability of SEC Filings, Corporate Governance Guidelines, Code of Conduct, Codes of Ethics
and Committee Charters .............................................................. 68
Delivery of Materials to Shareholders with Shared Addresses ................................. 68
Miscellaneous .......................................................................... 69
APPENDIX A—AMENDED AND RESTATED 2011 CHIPOTLE MEXICAN GRILL, INC. STOCK
INCENTIVE PLAN, AS PROPOSED IN PROPOSAL D ................................... A-1
Proxy Statement