CHIPOTLE MEXICAN GRILL, INC. | Vote on Say-On-Pay Proposal at CHIPOTLE MEXICAN GRILL, INC.

Status
Filed
Previous AGM date
Resolution details
Company ticker
CMG
Submitted by
Majority Action
Resolution ask
Other ask
ESG theme
  • Governance
ESG sub-theme
  • Remuneration or pay
Type of vote
Other management proposal or proxy item
Filer type
Management
Company sector
Consumer Discretionary
Company HQ country
United States
Supporting statement
Majority Action’s upcoming 2026 guide recommends voting against say-on-pay proposals at companies with outsized CEO-to-worker pay ratios, arguing that extreme intra-firm inequality can suppress economic growth, weaken productivity, and create system-level risks that ultimately impact long-term portfolio returns. Majority Action’s vote-no campaign around economic inequality asks investors to withhold votes approving Say-on-Pay resolutions where either the company’s 2024 (as reported in the 2025 proxy) and 2025 (as reported in the 2026 proxy) pay ratios exceed 494:1, ranking it in the top decile of pay ratios among S&P 500 companies OR the company’s 2024 and 2025 pay ratio are upper outliers relative to other companies in the same sector.

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.