Chipotle names new Audit Committee member
Chipotle Mexican Grill, Inc. reported a governance update, explaining that on July 7, 2026 its Board appointed independent director Albert Baldocchi to the Board’s Audit and Risk Committee, replacing Scott Maw in that role.
Rhea-AI Filing Summary
Chipotle Mexican Grill, Inc. reported a governance update, explaining that on July 7, 2026 its Board appointed independent director Albert Baldocchi to the Board’s Audit and Risk Committee, replacing Scott Maw in that role.
The Board determined that Mr. Baldocchi satisfies the heightened independence standards required by SEC Rule 10A-3 and NYSE Rule 303A.06, and the Company notified the NYSE of the committee change on July 7, 2026. No other changes were made to the Board’s composition, committee structure, or leadership.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Appointment date: July 7, 2026
NYSE notification date: July 7, 2026
Common stock par value: $0.01 per share
3 metrics
Appointment date
July 7, 2026
Date Board appointed Albert Baldocchi to Audit and Risk Committee
NYSE notification date
July 7, 2026
Date Chipotle notified NYSE of committee composition change
Common stock par value
$0.01 per share
Par value of Chipotle Mexican Grill, Inc. common stock
Key Terms
Audit and Risk Committee, independent director, Rule 10A-3, NYSE Rule 303A.06, +1 more
5 terms
Audit and Risk Committee financial
"appointed an independent director, Albert Baldocchi, to serve on the Audit and Risk Committee of the Board"
A board committee that oversees a company’s financial reporting, internal controls, compliance and major business risks, and coordinates with external auditors. It acts like a building inspector and alarm system for investors, checking that the company’s books are accurate, controls are working, and potential threats (financial, legal or operational) are identified and managed, which helps protect shareholder value and reduces the chance of surprises.
independent director financial
"the Board appointed an independent director, Albert Baldocchi, to serve on the Audit and Risk Committee"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Rule 10A-3 regulatory
"to replace Scott Maw in accordance with Securities and Exchange Commission Rule 10A-3"
NYSE Rule 303A.06 regulatory
"and the New York Stock Exchange (the “NYSE”) Rule 303A.06 requirements"
heightened independence requirements financial
"The Board has determined that Mr. Baldocchi meets the heightened independence requirements for service on the Audit and Risk Committee"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What governance change did Chipotle (CMG) disclose in this 8-K?
Chipotle disclosed that its Board appointed independent director Albert Baldocchi to the Audit and Risk Committee, replacing Scott Maw in that role. This change affects only the committee’s composition, with no other Board or leadership changes reported in the disclosure.
Who is Albert Baldocchi in relation to Chipotle (CMG)?
Albert Baldocchi is an independent director on Chipotle’s Board who has been appointed to serve on the Audit and Risk Committee. The Board determined that he meets the heightened independence standards required for audit committee members under SEC and NYSE rules.
Why did Chipotle (CMG) adjust its Audit and Risk Committee membership?
Chipotle adjusted its Audit and Risk Committee membership by appointing Albert Baldocchi to replace Scott Maw. The change was made in accordance with SEC Rule 10A-3 and NYSE Rule 303A.06, which govern independence and composition requirements for listed company audit committees.
Does Chipotle’s Board restructuring affect other committees or leadership?
According to the disclosure, Chipotle’s Board made no other changes to Board composition, committee assignments, or leadership roles. Only the Audit and Risk Committee membership changed, with Albert Baldocchi taking the committee seat previously held by director Scott Maw.
How did Chipotle (CMG) handle NYSE notification of the committee change?
Chipotle notified the New York Stock Exchange of the change to its Audit and Risk Committee composition on July 7, 2026. This notification aligns with exchange requirements when listed companies modify their audit committee membership or related governance structures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
