Chipotle 2013 Annual Report Download - page 93

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It is also important to emphasize that our executive officers continue to have a significant proportion of their
wealth invested in our common stock, with all of our officers meeting our executive stock ownership guidelines,
and three of the four officers exceeding the guidelines dramatically.
The Compensation Committee of our Board of directors believes that our executive compensation programs
continue to emphasize performance-oriented components that encourage and reward strong operating and
financial performance and stock price gains, and that have aligned the interests of our officer team with those of
shareholders. Accordingly, our Board asks that you vote in favor of the following shareholder resolution:
“RESOLVED, that the compensation of the executive officers of Chipotle Mexican Grill, Inc. as
disclosed pursuant to the Securities and Exchange Commission’s compensation disclosure rules,
including the Compensation Discussion and Analysis section, compensation tables and related material
in the company’s proxy statement, are hereby approved.”
The Board of Directors recommends a vote FOR the say-on-pay proposal.
21
Proxy Statement