Home › Companies › CHIPOTLE MEXICAN GRILL INC. › 2024-2025

CHIPOTLE MEXICAN GRILL INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and CHIPOTLE MEXICAN GRILL INC.’s Form 8-K, filed 2025-06-13 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 18Reported items
  • 1,138Asset managers
  • 12,555Fund votes
  • 2025-06-11Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore CHIPOTLE MEXICAN GRILL INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by CHIPOTLE MEXICAN GRILL INC.

These tallies are CHIPOTLE MEXICAN GRILL INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-13 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

CHIPOTLE MEXICAN GRILL INC. — official shareholder meeting results, meeting held 2025-06-11
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Albert Baldocchi 1,046,790,58542,695,673556,210 ---- Majority: yes
Elect Director: Scott Boatwright 1,088,489,339978,896574,233 ---- Majority: yes
Elect Director: Matthew Carey 1,082,185,8857,295,445561,138 ---- Majority: yes
Elect Director: Patricia Fili-Krushel 1,045,664,83443,840,107537,527 ---- Majority: yes
Elect Director: Laura Fuentes 1,077,655,79511,857,859528,814 ---- Majority: yes
Elect Director: Mauricio Gutierrez 1,077,795,81311,698,255548,400 ---- Majority: yes
Elect Director: Robin Hickenlooper 1,048,300,38841,187,030555,050 ---- Majority: yes
Elect Director: Scott Maw 1,074,766,16412,344,4152,931,889 ---- Majority: yes
Elect Director: Mary Winston 1,073,790,00515,710,606541,857 ---- Majority: yes
Other Proposals 2. The shareholders approved, on a nonbinding, advisory basis, the compensation paid to Chipotle's executive officers, as disclosed in the proxy statement. 603,124,052484,840,6892,077,727 --93,175,913 Majority: yes
Proposal 3: The shareholders approved the ratification of the appointment of Ernst & Young LLP as Chipotle's independent registered public accounting firm for the year ending December 31, 2025. 1,072,587,486110,040,704590,191 ---- Majority: yes
Proposal 4: The shareholders did not approve a shareholder proposal requesting an independent board chair. 201,362,712887,561,4861,118,270 --93,175,913 Majority: no

Source: CHIPOTLE MEXICAN GRILL INC., Form 8-K, filed with the SEC on 2025-06-13 — read the filing on EDGAR.

How asset managers voted at the CHIPOTLE MEXICAN GRILL INC. 2024-2025 meeting

Each item below shows how the 1,138 asset managers that disclosed a CHIPOTLE MEXICAN GRILL INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of CHIPOTLE MEXICAN GRILL INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. An advisory vote to approve the compensation of our executive officers as disclosed in the proxy statement ("say on pay").

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 36 wordings of this item as funds reported it.

55% Majority: yes · of votes cast

FOR 55%AGAINST 45%
FOR: 603,124,052AGAINST: 484,840,689

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Other Proposals 2. The shareholders approved, on a nonbinding, advisory basis, the compensation paid to Chipotle's executive officers, as disclosed in the proxy statement.”): 603,124,052 for, 484,840,689 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 45% for, 36% against (81% of the company cast a for/against vote).

The 1,055 asset managers below cast 64% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 64%AGAINST 36%
FOR: 63.5%AGAINST: 36.4%ABSTAIN: 0.0%NOT VOTED: 0.0%0: 0.0%NO VOTE: 0.0%
Largest asset managers voting on “An advisory vote to approve the compensation of our executive officers as disclosed in the proxy statement ("s” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard128,771,7441,082,988 00For
Capital Group109,498,0563,865 00For
T. Rowe Price82,744,625184,050 00For
Fidelity53,159,62826,100,904 00For
BlackRock4,722,76864,950,611 00Against
State Street43,883,5611,073,129 00For
American Century035,766,361 00Against
AllianceBernstein32,541,0470 00For
GEODE CAPITAL MANAGEMENT, LLC029,278,255 00Against
UBS021,715,545 00Against
Pershing Square21,541,1770 00For
Charles Schwab8,93118,271,145 00Against
Winslow Capital Management, LLC18,058,6270 00For
Capital Research Global Investors13,446,3940 00For
JPMorgan12,824,7310 00For
Northern Trust11,970,236518,025 00For
Putnam11,370,75611,412 00For
Janus Henderson11,188,797188,881 2420For
INVESTMENT CO OF AMERICA10,738,6300 00For
Nuveen10,737,3150 00For
TIAA10,078,1660 00For
BROWN ADVISORY INC8,300,138385,632 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/8,654,00012,718 00For
Invesco08,664,945 00Against
Wellington8,656,5200 00For

Showing the 25 largest of 1,055 asset managers. See all 1,055 in the interactive database.

2. Ratification of the appointment Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 8 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 1,072,587,486AGAINST: 110,040,704

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Proposal 3: The shareholders approved the ratification of the appointment of Ernst & Young LLP as Chipotle's independent registered public accounting firm for the year ending December 31, 2025.”): 1,072,587,486 for, 110,040,704 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 80% for, 8% against (88% of the company cast a for/against vote).

The 196 asset managers below cast 99% of the shares they voted on this item FOR (455,840,826 for, 5,868,250 against).

FOR 99%
FOR: 455,840,826 (98.7%)AGAINST: 5,868,250 (1.3%)ABSTAIN: 31,562 (0.0%)NOT VOTED: 4,953 (0.0%)UNKNOWN: 250 (0.0%)
Largest asset managers voting on “Ratification of the appointment Ernst & Young LLP as our independent registered public accounting firm for the” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,135,45317,831 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,837,69524,699 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,926,3331,773 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND6,969,102361,569 00For
New York Life6,395,79919,136 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus527,4822,874,110 00Against
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust2,898,245197,804 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 196 asset managers. See all 196 in the interactive database.

3. Shareholder Proposal - Requesting an Independent Board Chair.

CORPORATE GOVERNANCEMajority of the votes cast: no

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

18% Majority: no · of votes cast

FOR 18%AGAINST 82%
FOR: 201,362,712AGAINST: 887,561,486

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Proposal 4: The shareholders did not approve a shareholder proposal requesting an independent board chair.”): 201,362,712 for, 887,561,486 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 15% for, 66% against (81% of the company cast a for/against vote).

The 194 asset managers below cast 6% of the shares they voted on this item FOR (28,369,596 for, 433,281,573 against).

AGAINST 94%
FOR: 28,369,596 (6.1%)AGAINST: 433,281,573 (93.8%)ABSTAIN: 31,619 (0.0%)NOT VOTED: 12,953 (0.0%)
Largest asset managers voting on “Shareholder Proposal - Requesting an Independent Board Chair.” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28121,153,256 00Against
Capital Group050,891,987 00Against
Fidelity050,552,493 00Against
BlackRock24,69926,837,695 00Against
T. Rowe Price77,00025,598,977 00Against
American Century015,595,142 00Against
JPMorgan012,606,604 00Against
State Street3,59311,924,513 00Against
INVESTMENT CO OF AMERICA010,738,630 00Against
TIAA09,656,784 00Against
Charles Schwab08,768,622 00Against
AB LARGE CAP GROWTH FUND INC08,387,580 00Against
JANUS INVESTMENT FUND6,654,9521,543,624 00For
ADVISORS' INNER CIRCLE FUND361,5696,969,102 00Against
New York Life6,035,093379,842 00For
MFS05,836,842 00Against
Putnam04,525,801 00Against
AMCAP FUND03,800,797 00Against
Invesco03,766,963 00Against
NEW ECONOMY FUND03,513,104 00Against
Jackson National03,445,027 00Against
Virtus3,341,55760,035 00For
Brown Advisory Funds03,286,001 00Against
Bridge Builder Trust2,160,922935,127 00For
Transamerica81,5152,399,848 00Against

Showing the 25 largest of 194 asset managers. See all 194 in the interactive database.

4. Election of Nine Directors: Albert Baldocchi

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 1,046,790,585AGAINST: 42,695,673

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Albert Baldocchi”): 1,046,790,585 for, 42,695,673 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 78% for, 3% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.8% of the shares they voted on this item FOR (461,019,061 for, 675,708 against).

FOR 99.8%
FOR: 461,019,061 (99.8%)AGAINST: 675,708 (0.1%)ABSTAIN: 31,571 (0.0%)NOT VOTED: 4,953 (0.0%)UNKNOWN: 250 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Albert Baldocchi” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2777 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,927,870236 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust2,898,245197,804 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

5. Election of Nine Directors: Scott Boatwright

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%
FOR: 1,088,489,339AGAINST: 978,896

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Scott Boatwright”): 1,088,489,339 for, 978,896 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 81% for, 0.1% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.9% of the shares they voted on this item FOR (461,667,970 for, 27,051 against).

FOR 99.9%
FOR: 461,667,970 (100.0%)AGAINST: 27,051 (0.0%)ABSTAIN: 31,570 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Scott Boatwright” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2840 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

6. Election of Nine Directors: Matthew Carey

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 1,082,185,885AGAINST: 7,295,445

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Matthew Carey”): 1,082,185,885 for, 7,295,445 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 80% for, 0.6% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.9% of the shares they voted on this item FOR (461,687,732 for, 7,288 against).

FOR 99.9%
FOR: 461,687,732 (100.0%)AGAINST: 7,288 (0.0%)ABSTAIN: 31,571 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Matthew Carey” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2831 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

7. Election of Nine Directors: Patricia Fili-Krushel

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 1,045,664,834AGAINST: 43,840,107

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Patricia Fili-Krushel”): 1,045,664,834 for, 43,840,107 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 78% for, 3% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.3% of the shares they voted on this item FOR (458,788,889 for, 2,906,132 against).

FOR 99.3%
FOR: 458,788,889 (99.4%)AGAINST: 2,906,132 (0.6%)ABSTAIN: 31,569 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Patricia Fili-Krushel” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2786 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus527,4822,874,110 00Against
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

8. Election of Nine Directors: Laura Fuentes

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,077,655,795AGAINST: 11,857,859

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Laura Fuentes”): 1,077,655,795 for, 11,857,859 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 80% for, 0.9% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.9% of the shares they voted on this item FOR (461,665,263 for, 29,759 against).

FOR 99.9%
FOR: 461,665,263 (100.0%)AGAINST: 29,759 (0.0%)ABSTAIN: 31,569 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Laura Fuentes” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2822 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

9. Election of Nine Directors: Mauricio Gutierrez

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,077,795,813AGAINST: 11,698,255

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Mauricio Gutierrez”): 1,077,795,813 for, 11,698,255 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 80% for, 0.9% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.9% of the shares they voted on this item FOR (461,655,625 for, 39,395 against).

FOR 99.9%
FOR: 461,655,625 (100.0%)AGAINST: 39,395 (0.0%)ABSTAIN: 31,570 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Mauricio Gutierrez” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2822 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

10. Election of Nine Directors: Robin Hickenlooper

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 1,048,300,388AGAINST: 41,187,030

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Robin Hickenlooper”): 1,048,300,388 for, 41,187,030 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 78% for, 3% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 97% of the shares they voted on this item FOR (449,329,215 for, 12,365,805 against).

FOR 97%
FOR: 449,329,215 (97.3%)AGAINST: 12,365,805 (2.7%)ABSTAIN: 31,571 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Robin Hickenlooper” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2777 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street25,80811,902,298 00Against
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,449,80431,559 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

11. Election of Nine Directors: Scott Maw

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,074,766,164AGAINST: 12,344,415

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Scott Maw”): 1,074,766,164 for, 12,344,415 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 80% for, 1.0% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.9% of the shares they voted on this item FOR (461,289,489 for, 405,329 against).

FOR 99.9%
FOR: 461,289,489 (99.9%)AGAINST: 405,329 (0.1%)ABSTAIN: 31,773 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Scott Maw” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,135,46817,816 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,854,3828,012 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

12. Election of Nine Directors: Mary Winston

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,073,790,005AGAINST: 15,710,606

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Elect Director: Mary Winston”): 1,073,790,005 for, 15,710,606 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 80% for, 1% against (81% of the company cast a for/against vote).

The 193 asset managers below cast 99.9% of the shares they voted on this item FOR (461,660,964 for, 34,057 against).

FOR 99.9%
FOR: 461,660,964 (100.0%)AGAINST: 34,057 (0.0%)ABSTAIN: 31,569 (0.0%)NOT VOTED: 4,953 (0.0%)
Largest asset managers voting on “Election of Nine Directors: Mary Winston” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,153,2813 00For
Capital Group50,891,9870 00For
Fidelity50,552,4930 00For
BlackRock26,862,3930 00For
T. Rowe Price25,675,9770 00For
American Century15,595,1420 00For
JPMorgan12,606,6040 00For
State Street11,928,1060 00For
INVESTMENT CO OF AMERICA10,738,6300 00For
TIAA9,656,7840 00For
Charles Schwab8,768,6220 00For
AB LARGE CAP GROWTH FUND INC8,387,5800 00For
JANUS INVESTMENT FUND8,198,5760 00For
ADVISORS' INNER CIRCLE FUND7,330,6710 00For
New York Life6,414,9350 00For
MFS5,836,8420 00For
Putnam4,525,8010 00For
AMCAP FUND3,800,7970 00For
Invesco3,766,9630 00For
NEW ECONOMY FUND3,513,1040 00For
Jackson National3,445,0270 00For
Virtus3,401,5920 00For
Brown Advisory Funds3,286,0010 00For
Bridge Builder Trust3,096,0490 00For
Transamerica2,481,3630 00For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

13. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

55% Majority: yes · of votes cast

FOR 55%AGAINST 45%
FOR: 603,124,052AGAINST: 484,840,689

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Other Proposals 2. The shareholders approved, on a nonbinding, advisory basis, the compensation paid to Chipotle's executive officers, as disclosed in the proxy statement.”): 603,124,052 for, 484,840,689 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 45% for, 36% against (81% of the company cast a for/against vote).

The 44 asset managers below cast 67% of the shares they voted on this item FOR (44,152,015 for, 22,012,191 against).

FOR 67%AGAINST 33%
FOR: 44,152,015 (66.7%)AGAINST: 22,012,191 (33.3%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan44,119,9070 00For
Union Investment Privatfonds GmbH06,449,554 00Against
MONTRUSCO BOLTON INVESTMENTS INC.03,718,442 00Against
APG Asset Management US Inc.03,396,853 00Against
Sarasin & Partners LLP02,316,764 00Against
NORDEA INVESTMENT MANAGEMENT AB01,906,815 00Against
STOREBRAND ASSET MANAGEMENT AS0898,656 00Against
Desjardins Global Asset Management Inc.0643,334 00Against
Cardano Risk Management B.V.0535,348 00Against
TD ASSET MANAGEMENT INC0511,311 00Against
GuideStone0389,152 00Against
ADAGE CAPITAL PARTNERS GP, L.L.C.0295,743 00Against
Empower0203,661 00Against
TD Waterhouse Canada Inc.0149,716 00Against
OSSIAM0136,206 00Against
TOBAM081,649 00Against
GROUPAMA ASSET MANAGMENT076,505 00Against
Impact Asset Management GmbH068,950 00Against
Vinva Investment Management Ltd060,363 00Against
EFG Asset Management (North America) Corp.029,105 00Against
HC CAPITAL TRUST028,900 00Against
Metzler Asset Management GmbH028,600 00Against
GreenFi Funds Trust025,809 00Against
Coyle Financial Counsel LLC24,697100 00For
CLEARWATER INVESTMENT TRUST020,000 00Against

Showing the 25 largest of 44 asset managers. See all 44 in the interactive database.

14. Section 14a Executive Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-11.

55% Majority: yes · of votes cast

FOR 55%AGAINST 45%
FOR: 603,124,052AGAINST: 484,840,689

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Other Proposals 2. The shareholders approved, on a nonbinding, advisory basis, the compensation paid to Chipotle's executive officers, as disclosed in the proxy statement.”): 603,124,052 for, 484,840,689 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 45% for, 36% against (81% of the company cast a for/against vote).

The 20 asset managers below cast 81% of the shares they voted on this item FOR (119,928 for, 27,389 against).

FOR 81%AGAINST 19%
FOR: 119,928 (81.4%)AGAINST: 27,389 (18.6%)NOT VOTED: 100 (0.1%)
Largest asset managers voting on “Section 14a Executive Compensation” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Focus Partners Wealth38,26612,662 00For
OLD SECOND NATIONAL BANK OF AURORA38,2170 00For
Stony Point Capital LLC23,8350 00For
Blue Fin Capital, Inc.14,7300 00For
River Street Advisors LLC011,467 00Against
Claret Asset Management Corp2,9660 00For
Baker Avenue Asset Management, LP02,513 00Against
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV0647 00Against
Inlet Private Wealth, LLC5000 00For
IMA Advisory Services, Inc.3500 00For
Blue Edge Capital, LLC3070 00For
COURIER CAPITAL LLC3000 00For
Ballew Advisors, Inc2000 00For
LEAVELL INVESTMENT MANAGEMENT, INC.00 00Not Voted
MATTERN CAPITAL MANAGEMENT, LLC1000 00For
PEDDOCK CAPITAL ADVISORS, LLC1000 00For
VOISARD ASSET MANAGEMENT GROUP, INC.0100 00Against
Moisand Fitzgerald Tamayo, LLC500 00For
MQS Management LLC70 00For
SCHOLTZ & COMPANY, LLC00 00--

15. An advisory vote to approve the compensation of our executive officers as disclosed in the proxy statement ("say-on-pay")

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-06-06 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 21,990,565AGAINST: 1,190,480

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Other Proposals 2. The shareholders approved, on a nonbinding, advisory basis, the compensation paid to Chipotle's executive officers, as disclosed in the proxy statement.”): 21,990,565 for, 1,190,480 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 2% for, 0.1% against (2% of the company cast a for/against vote).

The 6 asset managers below cast 100% of the shares they voted on this item FOR (555 for, 0 against).

FOR 100%
FOR: 555 (100.0%)
Largest asset managers voting on “An advisory vote to approve the compensation of our executive officers as disclosed in the proxy statement ("s” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Knuff & Co LLC2440 00For
COLDSTREAM CAPITAL MANAGEMENT INC1780 00For
VAUGHAN DAVID INVESTMENTS LLC/IL820 00For
Ipswich Investment Management Co., Inc.400 00For
Americana Partners, LLC110 00For
Echo45 Advisors LLC00 00--

16. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (2,275 for, 0 against).

FOR: 2,275 (100.0%)
Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Lido Advisors, LLC1,6890 00For
SWEENEY & MICHEL, LLC5000 00For
SOUTHERN CAPITAL ADVISORS, LLC860 00For

17. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (13,075 for, 0 against).

FOR: 13,075 (100.0%)
Largest asset managers voting on “Director Elections” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
X-Square Balanced Fund, LLC12,8470 00For
Ballew Advisors, Inc2000 00For
Members Trust Co280 00For

18. Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-11.

55% Majority: yes · of votes cast

FOR 55%AGAINST 45%
FOR: 603,124,052AGAINST: 484,840,689

CHIPOTLE MEXICAN GRILL INC.’s own tally for this item (“Other Proposals 2. The shareholders approved, on a nonbinding, advisory basis, the compensation paid to Chipotle's executive officers, as disclosed in the proxy statement.”): 603,124,052 for, 484,840,689 against, per its Form 8-K filed 2025-06-13 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 1,347,364,000 outstanding shares: 45% for, 36% against (81% of the company cast a for/against vote).

The 2 asset managers below cast 100% of the shares they voted on this item FOR (45 for, 0 against).

FOR 100%
FOR: 45 (100.0%)
Largest asset managers voting on “Compensation” at CHIPOTLE MEXICAN GRILL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Members Trust Co280 00For
Blue Sky Capital Consultants Group, Inc.170 00For

Largest CHIPOTLE MEXICAN GRILL INC. shareholders voting in 2024-2025

Ranked by the number of CHIPOTLE MEXICAN GRILL INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 1,347,364,000 shares outstanding at the time of that meeting.

Top CHIPOTLE MEXICAN GRILL INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 9.64%
2Capital Group 8.13%
3T. Rowe Price 6.15%
4Fidelity 5.88%
5BlackRock 5.17%
6State Street 3.34%
7American Century 2.65%
8AllianceBernstein 2.42%
9GEODE CAPITAL MANAGEMENT, LLC 2.17%
10UBS 1.61%

Reported CHIPOTLE MEXICAN GRILL INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

CHIPOTLE MEXICAN GRILL INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Vanguard Group 9.09% 13F
BlackRock 8.14% 13F
T. Rowe Price 4.22% 13F
State Street 4.17% 13F
JPMorgan Chase 4.16% 13F
FMR (Fidelity) 2.38% 13F
Geode Capital 2.18% 13F
Morgan Stanley 1.36% 13F
Northern Trust 1.07% 13F

Percentages above are of 1,347,364,000 shares outstanding, as reported by CHIPOTLE MEXICAN GRILL INC. on its Form 10-Q dated 2025-04-21 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CHIPOTLE MEXICAN GRILL INC.’s 10-Q dated 2025-04-21. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At CHIPOTLE MEXICAN GRILL INC.'s shareholder meeting held 2025-06-11, in the 2024-2025 proxy season, 1,138 asset managers reported how they voted in their SEC Form N-PX filings, covering 12,555 separate fund positions. Their filings are grouped here into 18 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — An advisory vote to approve the compensation of our executive officers as disclosed in the… — FOR was 55% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: CHIPOTLE MEXICAN GRILL INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-06-13.

CHIPOTLE MEXICAN GRILL INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.