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Proposed Settlement of Derivative Action by Rigrodsky & Long, P.A.

  Proposed Settlement of Derivative Action by Rigrodsky & Long, P.A.

Business Wire

DENVER -- May 16, 2014

The following is being released in connection with the proposed settlement of
Richey v. Ells, No. 12-CV-018310-WJM-MEH.

THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO RICHEY V. ELLS,
NO. 12-CV-01831-WJM-MEH (THE “ACTION”), SUMMARY NOTICE OF PENDENCY OF
DERIVATIVE ACTION, AGREEMENT OF SETTLEMENT AND RELEASE, AND SETTLEMENT HEARING

TO: ALL CURRENT RECORD HOLDERS AND BENEFICIAL OWNERS OF COMMON STOCK OF
CHIPOTLE MEXICAN GRILL, INC. (“CHIPOTLE” OR THE “COMPANY”) AS OF JANUARY 31,
2014 (THE “RECORD DATE”) (“CURRENT CHIPOTLE SHAREHOLDERS”)

YOU ARE HEREBY NOTIFIED that the parties to the Action have reached a
settlement to resolve the issues raised in the Action (“Settlement”).

PLEASE BE FURTHER ADVISED that pursuant to an Order of the United States
District Court for the District of Colorado, a hearing will be held before the
Honorable William J. Martinez in the United States District Court for the
District of Colorado, Alfred A. Arraj United States Courthouse, 901 19th
Street, Denver, Colorado 80294-3589, in Courtroom A801, on August, 20, 2014 at
10:00 a.m. to determine: (i) whether the terms of the Settlement are fair,
reasonable, and adequate and should be approved; (ii) whether a final judgment
should be entered; and (iii) such other matters as may be necessary or proper
under the circumstances.

If you are a Current Chipotle Shareholder, you may have certain rights in
connection with the proposed Settlement. You should obtain a copy of the full
printed Notice of Pendency of Derivative Action, Proposed Agreement of
Settlement and Release, and Settlement Hearing, at www.chipotle.com or by
writing Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE
19801.

If you are a Current Chipotle Shareholder and do not take steps to appear in
this Action or to object to the proposed Settlement, you will be bound by the
Order and Final Judgment of the Court, you will forever be barred from raising
an objection to such Settlement in this or any other action or proceeding, and
certain claims that you might have may be released.

CURRENT CHIPOTLE SHAREHOLDERS WHO HAVE NO OBJECTION TO THE SETTLEMENT DO NOT
NEED TO APPEAR AT THE SETTLEMENT HEARING OR TAKE ANY OTHER ACTION.

You may obtain further information by writing Rigrodsky & Long, P.A. at the
address above.

PLEASE DO NOT CALL, WRITE, OR OTHERWISE DIRECT QUESTIONS TO EITHER THE COURT
OR THE CLERK’S OFFICE.

DATED: May 16, 2014
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO.

Contact:

For Chipotle
Chris Arnold, 303.222.5912
carnold@chipotle.com
 
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