chipotle mexican grill inc (CMG) Snapshot

Chipotle Mexican Grill has signed leases for additional ShopHouse Southeast Asian Kitchen locations. ShopHouse, the Southeast Asian concept developed by Chipotle, currently has one restaurant open in Washington, with another Washington location and two Los Angeles area restaurants under construction and opening in the coming weeks. The newest locations will include additional restaurants in Los Angeles and in the Washington, DC area. The newest ShopHouse locations will be at 1055 Broxton Ave. in Westwood, 710 7 Street NW in Washington, 4820 Bethesda Ave. in Bethesda, Md., and 11800 Rockville Pike in Rockville, Md. The restaurants in Westwood and Bethesda are slated to open late in 2013, with the Rockville and Washington, DC locations slated to open in mid- to late-2014. ShopHouse is influenced by traditional ingredients, flavors and cooking techniques of Southeast Asia, and the restaurant gets its name from traditional shophouses, a common form of architecture in Southeast Asian cities in which families live upstairs and operate restaurants or fresh markets on the ground floor. The ShopHouse model closely resembles Chipotle, including a commitment to serving food made with high quality ingredients from more sustainable sources, preparing food in an open kitchen using classic cooking techniques, and serving customers in an interactive format that allows each individual to pick and choose exactly what goes in to their own order. The new ShopHouse deals do not signify an acceleration of Chipotle's development plans for the concept, and Chipotle's growth will be driven primarily by developing the Chipotle brand in the U.S. for the foreseeable future.

Bob Blessing has announced that he will retire as Chief Development Officer of Chipotle Mexican Grill, Inc., effective October 31, 2013. Leadership of Chipotle's development activities will be assumed by Mark Crumpacker, Chief Marketing Officer, whose title will change to Chief Marketing and Development Officer.

Chipotle Mexican Grill, Inc. approved to amend the certificate of incorporation to eliminate the classification of the Board of Directors and provide for annual elections of all directors, at the shareholders meeting held on May 17, 2013.