Chipotle 2009 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2009 Chipotle annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

(4) Amounts under Non-Equity Incentive Plan Compensation represent the amounts earned under the AIP for the relevant
year, as described under “Compensation Discussion and Analysis—Discussion of Executive Officer Compensation
Decisions—Annual Incentives—AIP Structure” and “—2009 AIP Payouts & Discretionary Bonuses.”
(5) Amounts under All Other Compensation for 2009 include the following:
Matching contributions we made on the executive officers’ behalf to the Chipotle Mexican Grill 401(K) plan as
well as the Chipotle Supplemental Deferred Investment Plan, in the aggregate amounts of $75,877 for Mr. Ells,
$50,158 for Mr. Moran, $28,362 for Mr. Hartung, $17,145 for Mr. Blessing, and $15,574 for Mr. Jones. See
“Non-Qualified Deferred Compensation for 2009” below for a description of the Chipotle Supplemental
Deferred Investment Plan.
Company car costs, which include the depreciation expense recognized on company-owned cars or lease
payments on leased cars (in either case less employee payroll deductions), insurance premiums, and
maintenance and fuel costs, or a monthly car allowance for officers who elect under the standard terms of our
company-wide company car program to receive an allowance rather than a company car.
Housing costs, including monthly rent and utilities payments, of $31,040 for Mr. Hartung, $30,000 for
Mr. Blessing, and less than $25,000 for Mr. Crumpacker, as well as payments for reimbursement of taxes
payable in connection with this benefit totaling $14,190 for Mr. Hartung, $15,586 for Mr. Blessing and
$12,014 for Mr. Crumpacker.
Relocation costs totaling $41,901 for Mr. Crumpacker, as well as legal fees totaling $35,792 for
Mr. Crumpacker pertaining to sale of his interest in and related transactions with respect to the firm he founded
and ran prior to joining us in January 2009.
Commuting expenses, which include air fare, airport parking and ground transportation relating to travel
between an officer’s home and our company headquarters, totaling $26,380 for Mr. Hartung and $27,619 for
Mr. Blessing.
Term life insurance premium payments for each executive officer.
(6) Mr. Blessing became Chief Development Officer in February 2010.
(7) Mr. Jones became Executive Director—International Development in February 2010.
32
Proxy Statement