no bonuses were paid to executive officers.


Chipotle also said that because it ended the year with a damaged stock price,cheap jordan shoes 43, it adjusted the vesting of the executive's stock awards for 2016 to ensure shareholder's value is first met. As a result,cheap jordan shoes, the awards will pay out only if the average 30-day closing price of Chipotle's common stock at any point during the fiscal year is at least $700, which is approximately 52 percent higher than the closing price on the grant date. Chipotle shares closed Friday at $507.85.


The company said that its compensation committee determined these performance awards "will continue to motivate our executive officers ... thereby rebuilding customer confidence in the Chipotle brand. If that happens,cheap jordans cheap jordan shoes Apple Music Announces Major Upg,cheap jordans, we believe improved business results and stock price performance will follow."


The Associated Press formula calculates an executive's total compensation during the last fiscal year by