CHIPOTLE MEXICAN GRILL INC

Transcription

1 CHIPOTLE MEXICAN GRILL INC FORM S-8 (Securities Registration: Employee Benefit Plan) Filed 05/25/11 Address 1401 WYNKOOP SUITE 500 DENVER, CO Telephone CIK Symbol CMG SIC Code Eating Places Industry Restaurants Sector Services Fiscal Year 12/31 Copyright 2016, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.

2 As filed with the Securities and Exchange Commission on May 25, 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CHIPOTLE MEXICAN GRILL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 1401 Wynkoop Street, Suite 500 Denver, CO (Address of Principal Executive Offices) (Zip Code) Chipotle Mexican Grill, Inc Stock Incentive Plan Chipotle Mexican Grill, Inc. Employee Stock Purchase Plan (Full title of the plans) Montgomery F. Moran 1401 Wynkoop Street, Suite 500 Denver, CO (Name and address of agent for service) (303) (Telephone number, including area code, of agent for service) Registration No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Accelerated filer Non-accelerated filer (Do not check if a smaller reporting company) Smaller reporting company Title of securities to be registered CALCULATION OF REGISTRATION FEE Amount to be registered (1) Proposed maximum offering price per share(2) Proposed maximum aggregate offering price Amount of registration fee Common stock, par value $0.01 per share under Chipotle Mexican Grill, Inc Stock Incentive Plan 3,360,000(3) $ $912,844,800 $105, Common stock, par value $0.01 per share under Chipotle Mexican Grill, Inc. Employee Stock Purchase Plan 250,000 $ $67,920,000 $7, (1) Pursuant to Rule 416 under the Securities Act of 1933 (the Securities Act ), this Registration Statement will also cover any additional shares of common stock that become issuable under the Chipotle Mexican Grill, Inc Stock Incentive Plan by reason of any stock dividend, stock split, reorganization or other similar transaction effected without Chipotle s receipt of consideration that results in an increase in the number of outstanding shares of common stock. (2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) of the Securities Act, based on the average of the high and low prices of the common stock as reported by the New York Stock Exchange on May 17, (3) Includes 960,000 shares previously authorized for issuance under the Amended and Restated Chipotle Mexican Grill, Inc Stock Incentive Plan.

3 Item 1. Plan Information. PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS The information required by Item 1 is included in documents sent or given to participants in the plans covered by this registration statement pursuant to Rule 428(b)(1) of the Securities Act. Item 2. Registrant Information and Employee Plan Annual Information. The written statement required by Item 2 is included in documents sent or given to participants in the plans covered by this registration statement pursuant to Rule 428(b)(1) of the Securities Act. Item 3. Incorporation of Documents by Reference. The following documents are incorporated by reference herein: PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT (a) the registrant s Annual Report on Form 10-K for the fiscal year ended December 31, 2010, filed with the Commission on February 17, 2011; (b) all documents filed by the registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act ), since the end of the fiscal year covered by the Annual Report referred to in (a), above; and (c) the description of the registrant s common stock included in the registrant s Registration Statement on Form 8A/A, filed pursuant to the Exchange Act on December 16, In addition, all other documents filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all the securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated herein by reference and to be a part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. Item 4. Description of Securities. Not applicable. Item 5. Interests of Named Experts and Counsel. Not applicable.

4 Item 6. Indemnification of Directors And Officers. Delaware General Corporation Law. Section 145 of the Delaware General Corporation Law authorizes a corporation to indemnify its directors, officers, employees and agents against expenses (including attorneys fees), judgments, fines and amounts paid in settlement reasonably incurred, provided they act in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal proceeding, had no reasonable cause to believe their conduct was unlawful, although in the case of proceedings brought by or on behalf of the corporation, such indemnification is limited to expenses and is not permitted if the individual is adjudged liable to the corporation (unless the Delaware Court of Chancery or the court in which such proceeding was brought determines otherwise in accordance with the Delaware General Corporation Law). Section 102 of the Delaware General Corporation Law authorizes a corporation to limit or eliminate its directors liability to the corporation or its stockholders for monetary damages for breaches of fiduciary duties, other than for (i) breaches of the duty of loyalty; (ii) acts or omissions not in good faith or that involve intentional misconduct or knowing violations of law; (iii) unlawful payments of dividends, stock purchases or redemptions; or (iv) transactions from which a director derives an improper personal benefit. The registrant s certificate of incorporation contains such a provision. The bylaws of the registrant incorporate Section 145 of the Delaware General Corporation Law, which provides that the registrant will indemnify each director and officer against all claims and expenses resulting from the fact that such person was a director, officer, agent or employee of the registrant. A claimant is eligible for indemnification if the claimant (i) acted in good faith and in a manner that, in the claimant s reasonable belief, was in or not opposed to the best interests of the registrant; or (ii) in the case of a criminal proceeding, had no reasonable cause to believe the claimant s conduct was unlawful. This determination will be made by the Registrant s disinterested directors, its shareholders or independent counsel in accordance with Section 145 of the Delaware General Corporation Law. Section 145 of the Delaware General Corporation Law authorizes a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation against any liability asserted against and incurred by such person in any such capacity, or arising out of such person s status as such. The registrant has obtained liability insurance covering its directors and officers for claims asserted against them or incurred by them in such capacity. Director and Officer Indemnification Agreements The registrant has entered into agreements to indemnify its directors and executive officers, in addition to the indemnification provided for in its certificate of incorporation and bylaws. These agreements, among other things, provide for indemnification of the registrant s directors and executive officers for certain expenses (including attorneys fees), judgments, fines and settlement amounts incurred by any such person in any action or proceeding, including any action by or in the right of the company, arising out of such person s services as a director or executive officer of the registrant, any subsidiary of the registrant s or any other company or enterprise to which the person provided services at the request of the registrant. Item 7. Exemption From Registration Claimed. Not applicable. Item 8. Exhibits. The exhibits listed in the Exhibit Index following the signature page are filed as part of this report. Item 9. Undertakings. 1. The undersigned registrant hereby undertakes: (a) To file, during any period in which offers or sales are being made, a post-effective amendment to the Registration Statement: (i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

5 (ii) to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof), which individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; (iii) to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; provided, however, that paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with, or furnished to, the Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement. (b) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. 2. The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Company s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. 3. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer, or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

6 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Denver, state of Colorado, on this 25th day of May, CHIPOTLE MEXICAN GRILL, INC. /s/ John R. Hartung By: John R. Hartung Title: Chief Financial Officer POWER OF ATTORNEY Each person whose signature appears below constitutes and appoints Steve Ells, Montgomery Moran and John Hartung, or any of them, as his or her true and lawful attorney-in-fact with full power of substitution and resubstitution, in any and all capacities, to sign this registration statement or amendments thereto and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each of said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and conforming all that said attorneys-in-fact and agents, or their substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, the registration statement has been signed below on May 25, 2011 by the following persons in the following capacities. Signature Title /s/ Steve Ells Steve Ells /s/ Montgomery F. Moran Montgomery F. Moran /s/ John R. Hartung John R. Hartung /s/ Albert S. Baldocchi Albert S. Baldocchi /s/ John S. Charlesworth John S. Charlesworth /s/ Neil W. Flanzraich Neil W. Flanzraich /s/ Patrick J. Flynn Patrick J. Flynn /s/ Darlene J. Friedman Darlene J. Friedman Co-Chief Executive Officer (principal executive officer) and Director Co-Chief Executive Officer (principal executive officer) and Director Chief Financial Officer (principal financial officer & principal accounting officer) Director Director Director Director Director

7 Exhibit Number Description of Exhibit EXHIBIT INDEX 4.1 Amended and Restated Certificate of Incorporation of Chipotle Mexican Grill, Inc. 4.2 Amended and Restated Bylaws of Chipotle Mexican Grill, Inc. 4.3 Form of Stock Certificate for Common Stock. 5.1 Legal Opinion of Messner & Reeves LLC Consent of Messner & Reeves LLC (included in Exhibit 5.1) Consent of Ernst & Young LLP, independent registered public accounting firm Power of Attorney (included on signature page) Chipotle Mexican Grill, Inc Stock Incentive Plan Chipotle Mexican Grill, Inc. Employee Stock Purchase Plan. (1) (3) (1) Incorporated by reference to Chipotle Mexican Grill, Inc. s Registration Statement on Form 8-A/A filed with the Securities and Exchange Commission on December 16, 2009 (File No ). (2) Incorporated by reference to Chipotle Mexican Grill, Inc. s Current Report on Form 8-K filed on January 5, 2009 (File No ). (3) Incorporated by reference to Chipotle Mexican Grill, Inc. s Definitive Proxy Statement on Schedule 14A filed on April 6, 2011 (File No ). (3) (2) (1)

8 Exhibit 5.1 [LETTERHEAD OF MESSNER & REEVES, LLC] May 25, 2011 Chipotle Mexican Grill, Inc Wynkoop Street, Suite 500 Denver, CO Re: Registration Statement on Form S-8 Ladies and Gentlemen: We have acted as counsel to Chipotle Mexican Grill, Inc. (the Registrant ) in connection with the Registration Statement on Form S-8 (the Registration Statement ) being filed with the Securities and Exchange Commission (the Commission ) on the date hereof, covering the registration of (i) 3,360,000 shares of the Registrant s Common Stock, $0.01 par value per share (the Incentive Shares ) that may be issued pursuant to the Chipotle Mexican Grill, Inc Stock Incentive Plan (the 2011 Stock Incentive Plan ) and (ii) 250,000 shares of the Registrant s Common Stock, $0.01 par value per share (the Purchase Shares, and together with the Incentive Shares, the Shares ) pursuant to the Chipotle Mexican Grill, Inc. Employee Stock Purchase Plan (the Employee Stock Purchase Plan, and together with the 2011 Stock Incentive Plan, the Plans ). This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K of the General Rules and Regulations under the Securities Act of 1933, as amended (the Act ). In connection with this opinion, we have examined the originals or copies, certified or otherwise identified to our satisfaction, of (i) the Registration Statement, as filed with the Commission under the Act on the date hereof; (ii) the Plans; (iii) a specimen certificate representing the Common Stock; (iv) a copy of the Amended and Restated Certificate of Incorporation of the Registrant as amended to date; (v) a copy of the Amended and Restated By-laws of the Registrant as amended to date; and (vi) certain resolutions of the Board of Directors of the Registrant, adopted March 16, 2011, relating to the Plans and the filing of the Registration Statement, as certified by the Secretary of the Registrant. In our examination, we have assumed the genuineness of all signatures including endorsements, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. As to any facts relevant to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Registrant and others and of public officials.

9 Page 2 In making our examination of documents, we have assumed that the parties thereto, other than the Registrant, had or will have the power, corporate or other, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such documents and the validity and binding effect thereof on such parties. The opinions set forth below are subject to the following further qualifications, assumptions and limitations that: (a) (b) (c) the Incentive Shares will be issued in accordance with the terms of the 2011 Stock Incentive Plan; the Purchase Shares will be issued in accordance with the terms of the Employee Stock Purchase Plan; and the consideration received by the Company for Shares delivered pursuant to the Plans shall not be less than the par value of the Common Stock. Members of our firm are admitted to the Bar in the State of Colorado and we do not express any opinion as to the laws of any jurisdiction other than Delaware corporate law (including, to the extent applicable, the Delaware constitution and judicial decisions) and we do not express any opinion as to the effect of any other laws on the opinions stated herein. Based upon and subject to the foregoing, we are of the opinion that all corporate action on the part of the Registrant, its directors and shareholders necessary for the approval of the Plans and the authorization of the Shares available for issuance under the Plans has been taken and that upon issuance and delivery of the Shares in accordance with the terms and conditions of the Plans, such Shares will be validly issued, fully paid and nonassessable. We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission. Sincerely, MESSNER & REEVES, LLC /s/ Messner & Reeves, LLC

10 Exhibit 23.2 Consent Independent Registered Public Accounting Firm We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Chipotle Mexican Grill, Inc Stock Incentive Plan and the Chipotle Mexican Grill, Inc. Employee Stock Purchase Plan of our reports dated February 17, 2011, with respect to the consolidated financial statements of Chipotle Mexican Grill, Inc. and the effectiveness of internal control over financial reporting of Chipotle Mexican Grill, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2010, filed with the Securities and Exchange Commission. Denver, Colorado May 24, 2011 /s/ Ernst & Young LLP