SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 20, 2012
CHIPOTLE MEXICAN GRILL, INC.
(Exact name of registrant as specified in its charter)
1401 Wynkoop Street, Suite 500
Denver, CO 80202
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (303) 595-4000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01 Other Events.
On November 20, 2012, Chipotle Mexican Grill, Inc. issued a press release announcing that it has added an additional $100 million to the existing $100 million repurchase plan previously announced on October 18, 2012, and that the company has repurchased about $40 million through November 19th under the previously-announced $100 million buyback.
Chipotle further announced that $25 million of the authorized repurchases will be conducted through a privately negotiated accelerated share repurchase transaction, or ASR, with Morgan Stanley. The specific number of shares to be repurchased under the ASR will be based generally on the volume-weighted average share price of the companys common stock over a specified period. The accelerated repurchase transaction is scheduled to be completed during the first quarter of 2013, but may be accelerated at the option of Morgan Stanley.
The remaining $75 million has been added to Chipotles existing openmarket repurchase agreement. The additional repurchases were authorized by Chipotles Board of Directors on November 20, 2012 and may be modified, suspended, or discontinued at any time.
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.