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Vote of the Week: Chipotle Mexican Grill

Vote of the Week: Chipotle Mexican GrillDownload PDF

Our “Vote of the Week” features Chipotle Mexican Grill. Chipotle received 23% vote support in 2014 after receiving 73% in 2013. Despite strong shareholder returns, the Company likely received lower year over year support due to magnitude of combined co-CEO pay levels which is high against peers, annual fixed grants of stock-only stock appreciation rights, and ‘Vote No’ campaign by CtW Investment Group.