|Exchange:||New York Stock Exchange|
|Stock:||Chipotle Mexican Grill, Inc.|
|Chipotle Mexican Grill, Inc. is a Delaware corporation. It completed its initial public offering in January 2006. The Company develops and operates fast-casual, fresh Mexican food restaurants in 35 states throughout the United States, the District of Columbia, Ontario, Canada and London England. As of December 31, 2011, it has approximately 1230 restaurants throughout the United States, the District of Columbia, Ontario, Canada and London England. Its restaurants serve a focused menu of tacos, burritos, salads and burrito bowls (a burrito without the tortilla), made using fresh ingredients. All of the Company's food is prepared from scratch, with the majority prepared in its restaurants while some is prepared with the same ingredients in commissaries. 'Chipotle,' 'Chipotle Mexican Grill,' 'Unburritable,' 'Food With Integrity,' 'Fresh Is Not Enough, Anymore,' 'The Gourmet Restaurant Where You Eat With Your Hands,' and a number of related designs and logos are U.S. registered trademarks of Chipotle. It has filed trademark applications for a number of other marks in the U.S. In addition, U.S. registrations, it has registered trademarks for ‘Chipotle’ and a number of other marks in Canada, the European Union and various other countries, and have filed trademark applications for ‘Chipotle Mexican Grill,’ ‘Chipotle’ and a number of other marks in various countries as well. The Company competes with national and regional fast-casual, quick-service and casual dining restaurants. Its competition also includes a variety of locally owned restaurants and the deli sections and in-restaurant cafes of several grocery store chains. The Company is subject to federal, state and local regulations. Each of its restaurants is subject to state and local licensing and regulation by health, alcoholic beverage, sanitation, food and workplace safety and other agencies.|
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