Chipotle is promising to pay top executives up to $1 million if they don't ditch the chain before it finds a new CEO (CMG) [The Business Insider]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: The Business Insider
Chipotle is promising to pay top executives up to $1 million if they don't ditch the chain before it finds a new CEO Chipotle is paying more than $1.6 million to make sure executives don't jump ship before the struggling burrito chain finds a new CEO. Chipotle founder and CEO Steve Ells. AP Images On Friday, Chipotle reported in an SEC filing that it had entered into retention agreements with certain executives to convince them to stay at the chain as it searches for a replacement for founder Steve Ells. As part of the agreement, Chipotle will pay CFO Jack Hartung $1 million if he stays at Chipotle for one year following the appointment of a new CEO. CMO Mark Crumpacker is set to receive $600,000 on the one-year anniversary of the appointment of Ells' replacement. Crumpacker had previously taken a three-month leave of absence in 2016 after being arrested on charges of cocaine possession. Chipotle announced in November that Ells plans to step down as it begins its hunt f
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News
- Chipotle Mexican Grill (CMG) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Chipotle to open its first-ever Oshkosh location [Yahoo! Finance]Yahoo! Finance
- Late Trading Dominated by Q1 Earnings: META, F, CMG & More [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Chipotle (CMG) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Chipotle posts big earnings beat as diners shake off higher prices [MSNBC.com]MSNBC.com
CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- CMG's page on the SEC website