The company said it hired Jason Kidd, age 50, as Chief Operating Officer on May 6, 2025. He will start on May 19 and oversee operations of nearly 3,800 restaurants, reporting to Chief Executive Officer Scott Boatwright.

1. 01

   The company said it hired Jason Kidd, age 50, as Chief Operating Officer on May 6, 2025. He will start on May 19 and oversee operations of nearly 3,800 restaurants, reporting to Chief Executive Officer Scott Boatwright.

2. 02

   Chipotle said Kidd will receive an annual base salary of $675,000, an annual cash incentive target equal to 90% of base salary, and a cash signing bonus of $150,000 to compensate for incentive opportunities he is forfeiting at his current employer.

3. 03

   The company said Kidd will receive new hire equity awards with a combined grant date value of about $3,000,000, consisting of 75% SOSARs and 25% RSUs. The awards will vest 50% each on the 2nd and 3rd anniversaries of the grant date, and the SOSARs will have a 7-year term.

4. 04

   Chipotle said President and Chief Strategy Officer Jack Hartung will step down as an executive officer on June 1, 2025 and remain as a senior advisor through early March 2026 before retiring. His annual base salary will be $200,000, and his annual cash incentive target will be 25% of base salary.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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