Summary by Moomoo AI
At Chipotle's 2024 annual meeting on June 6, shareholders approved significant changes including a 50-for-1 stock split and amendments to the company's Charter. The approved amendments increase authorized common shares from 230 million to 11.5 billion and grant the Board authority to make certain Charter amendments without shareholder approval.For the stock split implementation, shareholders of record as of June 18, 2024, will receive 49 additional shares for each share held after market close on June 25. Trading on a split-adjusted basis is scheduled to begin on June 26, 2024.Shareholders also re-elected all ten director nominees and approved executive compensation on an advisory basis. However, they rejected several shareholder proposals, including requests for audits of safety practices, adoption of a non-interference policy, and reports on automation and discrimination statistics.
